2007-03-09 13:35:02 · 8 answers · asked by Vernon U 1 in Business & Finance ➔ Renting & Real Estate
Investing is an art that you have to learn just as those that play the stock market. There will be some years that are better than others but you don't see those that invest in the market get out because they know and understand the ups and downs of the market.
Real estate investors that are serious investors understand that there will be periods where there will be good times and bad time, but the continue to invest because they understand their craft and compensate for that fact.
They also, like those that are in the stock market continue to bu the best available. There might be a period when to buy and hold as oppose to a buy and flip. Good investors realize this and make decisions accordingly.
As to the best area, all areas offer unique and different opportunities. What are you looking for as an investor?
I suggest that if you are a new real estate investor you go to the local book store, but a few books on real estate investing, buying, rehabbing and flipping properties or buying foreclosures and other distress properties for a profit. Land lording for dummies and other books you find of interest to you. You might also find some of these books in your local library.
Find you an area that you like and invest in that area. I prefer to live in the area that I invest in. There are more than enough properties available.
Once you have learned the trade and feel comfortable you can expand your operation to other areas, but you will no have to ask anyone you will just know.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-03-09 14:41:25 · answer #1 · answered by Skip 6 · 0⤊ 0⤋
Everywhere in California is the best place to invest in real estate. It just depends on your objectives.
The question is very open ended and subject to interpretation. What criteria define the "best place" to invest in real estate?
Is it appreciation which suggests a longer term buy & hold strategy? Is it the ability to "flip" a house quickly for a profit which is a short-term strategy? Or is it something else?
Only you can define your specific objectives. I like the foreclosure market. Mortgage default rates are rising around the country and banks don't want the houses. They're in business to make money collecting interest...not buying & selling houses.
There are tremendous opportunites to negotiate short sales with lenders especially on large 2nd mortgages. It's worth looking into if you haven't already.
2007-03-13 07:14:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
All areas can be the best when you are on your game.
Note that it is harder to make a profit in a location that has falling employment and people moving out.
Investing in RE is mostly about finding people who have problems that they need solved and then solving them. It is not about picking a hot area.
Real estate is not very liquid. It takes time to buy and sell. As such people who are motivated to sell quickly can not just wait around for a retail buyer to show up. When the market is slow they have even less ability to wait.
You make your profit when you buy. You get the cash when you sell or refinance. Buying at 30% below the fair market value is common among seasoned investors. This does not mean that every deal they look at is really a 'deal'. Hence buying smart means not buying a lot of places you look at.
As at least one other suggested focus on getting educated. Library, bookstore and other means. If you go to my blog and then check the links you will find some references. I definitely recommend CREonline as a source of how-to articles and success notes. You will also find forums that are topical with real investors doing real deals. All across the US including CA.
I stated my investing in San Jose CA a long time ago. CA will be a great market for decades to come. You just have to buy right.
2007-03-09 15:38:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
San Diego and Los Angeles
2007-03-09 13:41:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Probably anywhere in the San Diego Area..We bought 16 years ago . A house in El Cajon for 134,00..Sold it three years ago for 475,000. San Diego is just an ideal spot.
2007-03-09 13:42:12 · answer #5 · answered by Tamitay 4 · 0⤊ 0⤋
http://www.breakingbubble.com/
In California this time next year you can have one million dollars, all you have to do is start today with two millions dollars.
2007-03-09 13:42:54 · answer #6 · answered by Anonymous · 1⤊ 0⤋
los angeles
2007-03-09 13:42:39 · answer #7 · answered by gaya.0001 2 · 0⤊ 0⤋
imformation is best here.
http://www.dbwarm.com/
2007-03-09 13:41:58 · answer #8 · answered by alex k 1 · 0⤊ 0⤋