Layout:
Home > Looking at properties tonight...

Looking at properties tonight...

January 28th, 2010 at 06:49 pm

Our realtor is going to show us 5 houses tonight. We are looking for a "cheap" place that we can rent out. I doubt we will actually bite the bullet and buy one but it sure is fun to look and dream. I am so anxious to try investing in hard real estate -- whether through rental properties or buy/fix/flip scenarios. In this current economy, I'm thinking the rental scene would pan out better and once the economy returns to 'normal', I will entertain doing a flip. I told myself that once I got schooling behind me, I would have much more time to devote to being a real estate mogul. Smile Hee hee. We'll see what happens...

2 Responses to “Looking at properties tonight...”

  1. Ima saver Says:
    1264705889

    I tried rentals one time and I was very sorry that I did it. The houses got trashed and I sold them for much less than I paid for them. I do hope it works out for you.

  2. Analise Says:
    1264709209

    We have rentals and I'd love to get rid of most of them. They are expensive, too much trouble, and not a good investment for us. We make too much so we can't use the losses on our taxes where it would help us the most. So for us, there is little financial incentive, especially since the properties have been depreciating instead of appreciating in value.

    But I think RE can be a good investment under the right circumstances. It begins with getting excellent tenants, managing them yourself, being close by (not an absentee landlord), having it work in your favor tax-wise, etc. Good luck!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]