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I am a new real estate investor and would like to know what would make good first investment.? |
I am a new real estate investor and would like to know what would make good first investment.? Investing on real estate is got many questions this web-site will give you Legal Resouces, up-date new and chat room with other investors...on Laws and Statutes then click on your state. ask eddie_giam@yahoo.com Sturgis, South Dakota hosts an annual Biker event that is huge, and by huge I mean for one week a year the fairly meager 6,500 population booms to about half a million strong. Look for houses that you could rent to potential renters than put in the lease that they have to move out during the rally (with an incentive like free rent for the month), then rent the place out to some bikers or vendors or whoever might be interested. I shouldn't be giving this advice since I live in Sturgis, and I will be looking to buy a house sometime soon but tons of other people are doing it so why not you. A good real estate investment is one that has operating yield comfortably above the interest rate you are paying to finance this investment. Not sure but...... |
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From last 10 yrs, the history says it is around 20% returns on YOY basis. ...sounded good until you said Mobile home.. most people avoid them like the plague... go to a local real estate investors club meeting.. ask around, and then check reference.. people they have done d... Still waiting for the payoff...but, I purchased a lot in California City, got a construction loan, no money down if you own the lot, hired builder, and will make 60.000 profit in 90 days when I s... -your local Small Business Administration -placing an ad in Business Opportunities section in your local paper -sending business plan to a venture capitalist -having a wealthy person among frien... Your best bet is to advertise, but to be VERY careful with the responses you get and to check the "lenders" out VERY carefully. If they have enough money to lend you for a house, the... Investors mainly pay cash. Loans are debts, not investments. But that said, it only takes about 3 days to get a loan if your ducks are all in a row. Once you have one loan with a bank ... Find people who believe in your idea and sell them a part. Keep at least 51% for yourself. Like they say, "you need a partner, when you need a partner". ...Tell you what? I buy property and rent it out. I am doing very well. I am presently not selling anything, only buying. I usually have 1-2 in escrow on any given day, depending on their ... |
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