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Pros and Cons please.Not lately. But I've bought several in the past. May get back into it.
Pros and Cons please.
Thank you, Ceejus!!! Here's your kiss ----> :kiss: Bless ya!Here yo go. You owe me some sugar now. :kiss: I think it was another thread made about it also.
http://www.tspnsports.com/forums/showthread.php?t=60483
The Cons for real estate are non working exit strategies. If you have a house you want to sale, the con is not being able to sale it. If you have a house that you want to keep and rent, the con is not being able to keep a good tenant in it. Both drain your money. Depending on what you want to do, keep or rent, choose a good area for it and have an exit strategy. A list of renters, a list of buyers. Have a contractor/inspector look at the house so you know it's true condition.Pros and Cons please.
Good link.Here yo go. You owe me some sugar now. I think it was another thread made about it also.
http://www.tspnsports.com/forums/showthread.php?t=60483
Thank you!The Cons for real estate are non working exit strategies. If you have a house you want to sale, the con is not being able to sale it. If you have a house that you want to keep and rent, the con is not being able to keep a good tenant in it. Both drain your money. Depending on what you want to do, keep or rent, choose a good area for it and have an exit strategy. A list of renters, a list of buyers. Have a contractor/inspector look at the house so you know it's true condition.
Find your buyers and renters first! Put an add in the local cheap newspaper this weekend advertising a rent house ex. $799/mo or whatever. Or do an ad house for sale ex. $99,000. When people call take their info, what they want (buy or rent, size, etc) and tell them you'll get them an inventory list within the next 30 days. Then try to buy what people are asking for so you'll have a buyer's list with 20-30 buyers/renters/investors already. <<<<< Saved me time and money
The pros: Always the money. Buy low, Sale high. Buy low, rent. Trust me, if you've never had one, there'll be nothing like getting a $20K check made out to Fortitude Or 30K, 40K, etc. You can do it. Real estate is the best profession in the world for making/losing money. You can work 6 months and get nothing. You can work 1 month and pull $100K. I've seen both. Keep at it.
Good link.
I just bought this guy's course: http://theinformedinvestor.com
Here is also a good general forum for investors: creonline.com