2007-01-14 23:51:20 · 4 answers · asked by sam 1 in Business & Finance ➔ Investing
In the city where you live, call a real estate broker and talk to him about the range of prices. You will get the high and low.
Investment in real estate is a tough one for beginners since it needs a huge investment upfront, and a lot of 'patience to sit on it'. Stocks allow you in and out without much pain.
In NYC or Mumbai, the investment minimums would be very high. In the non-city zones of Iowa or Himachal Pradesh, it would be pretty low.
The more imp factor is how many investments do you want to buy, what kind of holding power (in terms of time) do you have before you run out of patience. Only people with deep pockets are able to do it successfully. The zero down schemes work for a few and get the rest in trouble within a short time frame of 12 to 18 months, since you are borrowing against high rates and paying one off to get another. That game of peter paying pan, works until you can 'flip' the properties. The US is a very slow moving market for flipping.
Good luck.
KKP_Inv
2007-01-15 11:25:13 · answer #1 · answered by KKP_Investor 3 · 0⤊ 0⤋
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2016-10-31 03:43:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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2007-01-15 22:57:54 · answer #3 · answered by Ging 1 · 0⤊ 0⤋
can you be more specific...lowest amount depends...where are you?
2007-01-15 00:01:05 · answer #4 · answered by Beanie.beanie 3 · 0⤊ 0⤋