Thinking of going into real estate

[meditate89]

Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth by Larry B. Loftis

I highly recommend this book; the book is written by an American; and the tax law is different here obviously- but still very worth reading

[mindflayer]

What country?

[RoelofZ]

Thanks for all the replies.
I am wondering won't it be much harder now to get started because the increased difficulty in getting loans/investments?

[RoelofZ]

holland

[maxtower]

OP,

You should probably start small if you thinking of getting into this. Make sure its for you before sinking $1mil into an apt. complex.

[Insp. Clue!So?]

invest in ghetto = high margins, high headaches
invest in primo = lower margins, fewer headaches

YMMV

tritate your investment to your tolerance as indicated above.

[IRuleYouHard]

[ QUOTE ]
invest in ghetto = high margins, high headaches
invest in primo = lower margins, fewer headaches

YMMV

tritate your investment to your tolerance as indicated above.

[/ QUOTE ]
So what you're saying is that as long as I can take the stress the ghetto is the place to be? Sorry OP for hijacking [img]/images/graemlins/smile.gif[/img]

[Tien]

[ QUOTE ]
Thanks for all the replies.
I am wondering won't it be much harder now to get started because the increased difficulty in getting loans/investments?

[/ QUOTE ]

No, don't let that noise get in the way of investing in real estate.


Money follows a good deal. You find a good deal and the money will show up at your door.

Don't let up / down markets get in the way of investing in real estate.

What I am doing right now is waiting for the market to tank to the bottom and I am going to go on a massive buying spree of real estate.

People will always need a place to live.

[Tien]

I've been saving up cash for real estate purchases.


I can't freaking wait until it crashes rock bottom.


I savor the day all those sellers come to me begging for me to take their houses, the same sellers today that are so anal retentive about their unrealistic prices. I can't wait.

[meditate89]

[ QUOTE ]
invest in ghetto = high margins, high headaches
invest in primo = lower margins, fewer headaches

YMMV

tritate your investment to your tolerance as indicated above.

[/ QUOTE ]

Many would argue that "better" areas appreciate faster and renting in "renting" in ghetto areas requires much more... tenant maintenance. This issue is discussed further in the book I linked earlier.