Out of state real-estate investment advice

[Russell]

Re: Out of state real-estate investment advice

Those are excellent points, but laws and management cost aside, I still don't see how this could be a lucrative venture ? Even if you self manage the property, looks like it'll take 25-30 years just to pay off a $50k property. I could invest that same $50k for 25 years and turn it into close to $100k even it only earned 3.3%.

[34saving]

Re: Out of state real-estate investment advice

Most people agree that if you have any positive cash flow in the first year you're doing well because 1) You get lots of tax benefits 2) You get appreciation (lets hope you get appreciation anyway) Then, hopefully, as the years progress you make more and more money. I'm sure there are landlords losing money on rent right now with the hopes that they'll make up for it when they sell.

[CJsoccerchic]

Re: Out of state real-estate investment advice

Real Estate here on Guamn is good. There are places here on the island that are considered "hot" as far as condo's go. Many people here have made a killing having a condo here that they bought for about 250K and rent out to the military for 1500-2300$ per month. granted, therr are real estate agents to pay, but that's one month's rent for a one year lease. In the end, it's good. Real Estate taxes on Guam are very low & you would be surprised to learn how many people from the states have property here in Guam that is making them good income!

[CJsoccerchic]

Re: Out of state real-estate investment advice

What do property managers charge typically? What about using a realtor to rent your property, what are the charges?

As far as property mangers go, I don't know their rate. But I do know that if you have a real estate agent get you a place and find you a renter, you pay 1 months rent on a 1 year lease and if anything needs to be done to the home (paint, carpet cleaning) they'll find a plcae that can do it and send the bill to you. Hopefully you find a good realtor that will look for the best prices out there for you!

[usmansaeed]

my opinion is to add a property management company for the maintenance of your property and secondly do not give too many flexibility to your tenant who resides in than you should be actively participate in all the proceeding with your tenant in writing legitimately and most importantly you should be clear with the investment you need to spend that depends upon the area, market trends and much more.

[Russell]

Holy moly, I started this thread 4 years ago...

[Adelaide01]

The new comers of real estate market can learn secrets and tricks from experts. Books, CDROM course and training course in online are available to get valuable information about real estate market. To escape from recession, real estate marketers have to know about secrets of investing in real estate market.

Adelaide

[cschin4]

So, what did you do?

[devid fox]

The new comers of real estate market can learn secrets and tricks from experts. Books, CDROM course and training course in online are available to get valuable information about real estate market. To escape from recession, real estate marketers have to know about secrets of investing in real estate market.

Adelaide

Me has the same question to you. what type course have you completed. Online or directly from experienced persons on real estate? I am so keen to know.