My husband and I have a good bit of money to invest and want to invest in real estate. However, we're having trouble finding suitable properities. Any ideas? We're open to new ideas.
2006-07-19 05:34:39 · 3 answers · asked by Padme 5 in Business & Finance ➔ Investing
Careful of real estate without immense study. Remember that diversity is the benefactor of the unwise investor.
We are beginning a real estate decline that will impact many regions and towns. Many economists think the decline will be worse that the real estate decline of the late 1980s. If you truly want to invest in real estate, you must be willing to take losses before gains.
Visit many economic and housing Websites, such as hud.gov, for information about current market conditions, and speak with someone other than a real estate agent, since selling RE is how they butter their bread.
To round out your introduction to real estate, you will also want to hear what the "contrarians" are saying, so visit some of the housing bubble blogs for your geographic area. For example, www.thehousingbubbleblog.com . There are links there to other blogs for other areas.
2006-07-19 05:45:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Forget real estate for the next few years (unless it's in Japan or Germany). With the price level being what it is, it's time to sell, not to buy...
2006-07-19 12:41:40 · answer #2 · answered by NC 7 · 0⤊ 0⤋
Check out the Dallas,Tx area. It's the hottest area in the USA at this time. Check out a comercial broker their who works for Henry S. Miller, to find you the best properties.
You will see your money grow fast in that area.
2006-07-19 12:39:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋