I would buy the place, I just have to move and I can't find anything out there, i ran into this place and its wonderful, although it is run down and needs help, but I would be willing to do that and pay the taxes. I know that you don't get something for nothing these days.
2006-11-04 10:16:04 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
What's the question?
2006-11-04 10:30:38 · answer #1 · answered by jedi_junkie05 3 · 3⤊ 0⤋
Hello,
I completely agree with wanting to invest your money. Afterall, what's the point of making money if you can't make more money with your money (got that?)? Anyway, I've tried all different investments from stocks and bonds to IRA's, 401k's, and real estate. I'm really a big fan of diversification.
However, the only investment I've really been happy with so far is real estate. Over the past 5 years, I've bought 3 different properties (all have tenants, and I'm making more than the mortgage payments on 2 properties).
The 3rd property I got was using Carleton Sheets no money down methodology (he's a GURU in real estate, and yes, his methods do work!). You can actually buy a property for absolutely nothing down (NO MONEY FROM YOUR OWN POCKET). I payed over $500 for his course 3 years ago, and I just saw it online for $9.95!!!! This is a steal at $9.95 (I'm actually going to buy it for my friends for Christmas). It was featured on TV, so I got the website from there.
Before you invest in anything, I highly suggest the Carleton sheets course. http://www.alllsite.info/real-estate.php
2006-11-05 02:34:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Alot of times you can get certin grants for fixing up a place.
2006-11-04 10:23:02 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Always get a professionals oppinion first, call a inspector and have him tell you if it really safe, and estimate the cost.
2006-11-04 10:24:33 · answer #4 · answered by Ankit 4 · 0⤊ 0⤋