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Old 11-06-2006, 02:13 AM
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Default Questions on realestate

What are some good ways to invest in realestate?

The few that I am familiar with is:

- buying a home and renting it out

-Buying land cheap, having a house build there cheap(if possible) and selling

-And something dealing with property tax, which I want someone to explain to me what that is and how I go about that.

I am new to it, but very much interested in the various ways to invest.
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Old 11-13-2006, 10:49 AM
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There is alot you can do with real estate. There are your traditional ways which are buying properties then renting them out, and flipping properties / rehabbing.

You also mentioned some other ways; tax liens and things like that.

All of which I don't do. I am a more creative real estate investor. I am mostly a wholesaler who puts together great deals and then passes them onto cash buyers / investors for a quick cash profit.

The power of real estate investing is within the contracts. There are many other things you can do but you must understand contracts first.

I suggest that you find a local REIA - Real Estate Investment Association. This can be a great tool to learn more about real estate investing at a very affordable price.

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Old 11-15-2006, 05:29 PM
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You need to clarify what your goals are, both long- and short-term, and clarify what you are and aren't willing to do to achieve them.

For example, many people think it's a great idea to buy property and rent it out, but they haven't thought through the responsibilities. Diligently screening prospective tenants and taking proper care of them and the property is hard work, and it's not for everyone.

Do some thinking about where you want to end up, before you jump in.

I second the suggestion to check out the local real estate association. You'll get a lot of great, free advice and make contacts with others involved in RE investing.
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