2006-11-07 18:06:20 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Simple answer...if you can buy them right and are willing to sell them at a competitive price to get them sold. There are some local investors who buy the properties right, complete the rehab and sell them at a cut rate to investors who want rentals....just figure all that in from the beginning and buy right.
Depending on the client, I have advised some of them to get into rentals, even if they hire a property management company to hande the details....still buy them cheap, fix them up and you still have a profit margin, plus the equity over time. If this is the route you choose, you need to be more careful about the neighborhood that you are buying in because you will also be counting on retaining the equity.
Good luck!
2006-11-08 16:58:30 · answer #1 · answered by julsells 2 · 0⤊ 0⤋
Yes, if you know what you are doing and have the money to invest, but its getting harder. With all those tv shows like property ladder or the others that flip houses, people all think they can do it and get rich and the good deals you use to get on handyman specials are now becoming bidding wars making it not worth the investment a lot of times.
2006-11-08 08:52:02 · answer #2 · answered by strtat2 5 · 0⤊ 0⤋
Well This is what we call here "sub-sales" very common investors make piles of dollars by remodeling it.If you are interested,you can email me for further discussion.I am in Asia country.
2006-11-08 15:09:00 · answer #3 · answered by curiousmode 3 · 0⤊ 0⤋
yes.,i you can convert them to occupant owned care homes.each home conversion can generate 1 to 200,000 a year with three to six occupants.you pay for the nurse or just leave your helper there.
2006-11-08 02:11:40 · answer #4 · answered by stratoframe 5 · 0⤊ 0⤋
not in california lol
2006-11-08 02:13:29 · answer #5 · answered by Kittie_Nash 5 · 0⤊ 0⤋