Making Investments in Real Estate in Depressed Counties
March 11, 2010 by JoelC2009
Where the market is stagnant you will have to know up front that buying a home for wholesale real estate investing will take some intelligence. You do not want to be forced to limit yourself to obtaining a home that you will have to live in. For instance, that means you buy a house and live in it until you turn it. In such a market you will need to get an edge on your competitors. You will not likely be able to sell it for more than what the market supports. Therefore, you need to acquire at a big discount to retain a fair amount of money if you are attempting this the old way.
In this case investors will start by looking into listings in the immediate locations. Given the immediate real estate markets and the amount of motivated sellers, investors who are flipping real estate are profiting very well. No matter what you choose to do, everything aside, you have to determine the money you made against the level of effort that was involved getting the investment successfully wholesaled. Therefore faster low risk methods like real estate wholesaling are ideal.
As always, remember to educate yourself about assigning houses and/or seek a knowledgeable expert before you decide on any new real estate company and finance direction.
Yep do like the guy before me said,, Know several people that thought flipping was the way to go.. Now broke and loosing most of what they made in the good times.
If you don't have any money then you have to use your time, which mean rehab.. for a few times to accualate the starting capital for expantion Buying fofr rent is great too…
Yep rentals are tough for all the head aches you have, but you know I did it that way, and sit back now in a 6500 sq ft home and all properties paid for and a good monthly income without doing anything except show a few houses each month, I have a full time helper and very few worries.
BUT For years i saved every penny and worked my butt off day and night to get where I am now.. So I will tell you right now,, Without a bundle to start Figure on doing a lot of work Yourself
I do not have a website where I am trying to sell you anything
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Are you a bank? Don't do it. You don't have the expertise to protect yourself legally and financially in this situation.
Yep do like the guy before me said,, Know several people that thought flipping was the way to go.. Now broke and loosing most of what they made in the good times.
If you don't have any money then you have to use your time, which mean rehab.. for a few times to accualate the starting capital for expantion Buying fofr rent is great too…
Yep rentals are tough for all the head aches you have, but you know I did it that way, and sit back now in a 6500 sq ft home and all properties paid for and a good monthly income without doing anything except show a few houses each month, I have a full time helper and very few worries.
BUT For years i saved every penny and worked my butt off day and night to get where I am now.. So I will tell you right now,, Without a bundle to start Figure on doing a lot of work Yourself
I do not have a website where I am trying to sell you anything
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