i would like to buy a property either a house or vacant lot and , would like to see my investment to make profit in about 3 to 5 years span.
2006-09-07 18:16:00 · 11 answers · asked by frend 2 in Business & Finance ➔ Investing
I was looking at ebay last night and there are lots of cheap properties that need repairs. Just make sure if you go this route that you are bidding on the property and not just the down payment. My husband and I have thought about doing this here in Ohio. We would make the min. repairs and remodels. Then rent them out as section 8.
2006-09-07 18:24:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well if the land is leased I think you would be entitled to uphold the lease. I would use this as a bargaining tool for a lower price. Make sure that the lease ends in a year and can be canceled at that time by either party. If you are not going to use the 3 acres for anything you might be able to earn some extra income if the current leaseholder wants to renew it. I would probably just buy the land. As far as legal issues I don't think you would run into to much of a problem as long as you can live with the terms of the lease than it sounds like it could pay off in the long run.
2016-03-27 02:22:20 · answer #2 · answered by ? 4 · 0⤊ 0⤋
I bought 14 acres in a small town nearby on a land contract with 10% down. Made payments for 2 years, flipped it, paid off the note, and cleared $10,000.
I found the best way to do "prospecting" is by driving around and look for FSBO land. Generally, ,you can find values this way.. Look at if from a future development perspective. What will happen when the town grows.
In 30 years that same tract of land could possible have netted me substantially more money. Needed the cash.
2006-09-08 03:56:16 · answer #3 · answered by Anonymous · 1⤊ 0⤋
California is still a land market. Of course a large Earth Quake could take it down a notch. Have you considered business's that are just starting up? Depends on what kind of %'s your looking for in return.
2006-09-07 18:22:42 · answer #4 · answered by myothernewname 6 · 1⤊ 0⤋
I wouldn't buy any US property for that short a term right now.
Chance of a bursting bubble is too high.
2006-09-08 01:51:52 · answer #5 · answered by kheserthorpe 7 · 1⤊ 0⤋
California north.
2006-09-07 18:24:37 · answer #6 · answered by Adnan Sallam 3 · 0⤊ 0⤋
Buy on an island, I did, with great results! (in south Florida)
Have a nice day!
2006-09-07 18:22:29 · answer #7 · answered by Uncle Alf 4 · 0⤊ 1⤋
any property will appreciate in value over time.
aggressive stocks may be more profitable.
2006-09-07 18:19:59 · answer #8 · answered by Anonymous · 0⤊ 1⤋
You know the area you live in better than anyone here. Make local enquiries
2006-09-07 18:18:44 · answer #9 · answered by mjdp 4 · 0⤊ 1⤋
i personally like oklahoma city, reasonable prices and high rents
2006-09-07 18:24:13 · answer #10 · answered by ken 3 · 1⤊ 0⤋