2006-12-22 05:21:44 · 4 answers · asked by Botak 1 in Business & Finance ➔ Renting & Real Estate
no get rich quick anymore, unless you build a project from ground up. Even then, the inventory/supply is high nationwide, so you are probably better off waiting a couple years. Commercial real estate is good, but requires more money to work with.
2006-12-22 05:53:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
call your tax accessors office and find out when they have a property tax auction in your area USUALLY ONCE PER YEAR. you bid on peoples delinquent property taxes... those property owners have 3 years in most states to redeem the taxes. if they DONT then the property is yours! if they DO then they MUST pay YOU the deliquent taxes. plus fees to the tax accesser. PLUS pay YOU a set interest rate for the time period in which you held the lean ( THE INTEREST IS VERY HIGH) the interest in my area is like 15%APR. thats better than any savings account or CD anywhere AND it is backed with collaterall. its a win-win! you either get the high interest return on your money OR you get the property! you cant lose. ONLY downside is that BIG investor groups are into this too so you have to compete with them in your bidding so I would go a few years in a row and just observe. you'll notice the same people come every year. ENJOY!
2006-12-22 05:58:11 · answer #2 · answered by michael f 2 · 0⤊ 0⤋
Dubai is popular for high return investment properties. Average ROI is 12-14% PA + capital gain.
2006-12-25 18:33:00 · answer #3 · answered by uthkusa G 2 · 0⤊ 0⤋
Look in your crystal ball, (or ask the mirror on the wall...) where there are houses that are cheap right now, but will be very expensive later on.
***** But do this quickly, other investors are realizing that this is the way to go also, and if you wait they'll all get a jump on you.
2006-12-22 06:59:48 · answer #4 · answered by teran_realtor 7 · 0⤊ 0⤋