Comments on: Know The Answers To Real Estate Investing Faq And Get Success http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm Sat, 04 Sep 2010 16:44:29 +0000 hourly 1 http://wordpress.org/?v=3.1 By: lucid580 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1226 lucid580 Fri, 28 Aug 2009 22:06:51 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1226 You frequently make more than 6 figures a month? Bull. You frequently make more than 6 figures a month?

Bull.

]]> By: nmr20067 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1220 nmr20067 Fri, 28 Aug 2009 19:11:10 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1220 Plus STeve has been in the game TEN years Strong. It took him time to get to that point. He know what he is doing like the back of his hand after TEN years investing in the same market. Plus STeve has been in the game TEN years Strong. It took him time to get to that point. He know what he is doing like the back of his hand after TEN years investing in the same market.

]]> By: 99TJ http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1235 99TJ Fri, 28 Aug 2009 18:41:04 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1235 Your best bet are duplexes for rent or buying a house that needs a lot of cosmetic repairs. You just need to make sure you have enough money to pay the mortgage until it sells. The "real investors" purchase now and hold on until the market is high. Buy low, sell high pertains to real estate investor too. A real investor does not buy high and sell a little higher. Your best bet are duplexes for rent or buying a house that needs a lot of cosmetic repairs. You just need to make sure you have enough money to pay the mortgage until it sells. The "real investors" purchase now and hold on until the market is high. Buy low, sell high pertains to real estate investor too. A real investor does not buy high and sell a little higher.

]]> By: blumachdave http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1224 blumachdave Fri, 28 Aug 2009 17:16:08 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1224 not just that. Keep in mind there are many cities where the cost of living is extremely high, such as california and Florida. Houses in those areas can easily sell for over a million $. It is very much possible to make over six figures a month as a successful house flipper. not just that. Keep in mind there are many cities where the cost of living is extremely high, such as california and Florida. Houses in those areas can easily sell for over a million $. It is very much possible to make over six figures a month as a successful house flipper.

]]> By: DrewDownsManagement http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1219 DrewDownsManagement Fri, 28 Aug 2009 16:49:02 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1219 Nice video. I enjoyed it. I definitely got something out of it. Check out my latest video, I would really like your honest opinion about it. Thanks. Nice video. I enjoyed it. I definitely got something out of it.
Check out my latest video, I would really like your honest opinion about it.
Thanks.

]]> By: mytfyne79 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1233 mytfyne79 Fri, 28 Aug 2009 13:58:05 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1233 I think you should wait until you are able to be more aware of what is happening in that state you want to invest in. It's kind of like being blind to what's going on if you can't be there for a while. I think you should wait. The market will always have a favorable time again to buy if it changes. I think you should wait until you are able to be more aware of what is happening in that state you want to invest in. It's kind of like being blind to what's going on if you can't be there for a while. I think you should wait. The market will always have a favorable time again to buy if it changes.

]]> By: warrior2ndbase http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1222 warrior2ndbase Fri, 28 Aug 2009 13:09:25 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1222 good point good point

]]> By: sinceredollars2005 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1230 sinceredollars2005 Fri, 28 Aug 2009 12:05:28 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1230 Yes, you can, but if you have never owned real property previously, you need to learn a lot before you get started. You will be dealing with people who do this type of work day in and day out. You will be dealing with Mortgage companies, Title Companies, your County (taxes and deeds), as well as everyday people who might know more than you do. There are forms, contracts, not to mention home inspectors, etc ... If I were just starting out now in real estate, I would do these three things first - 1. Learn how things are done in your part of the world. This includes all of the paperwork involved. 2. Find out how much it really costs! Title companies charge more fees than just about any other business I have ever seen, but they are very good at what they do, you definitely get what you pay for. This is not the area to cut corners. 3. Make sure you don't overlook the best deals. When I started out, I worked the area within 10 miles of my home and missed out on a lot of opportunities. If I had been willing to do a little more driving, I probably could have had an easier time because I would not have been limiting myself geographically. Yes, you can, but if you have never owned real property previously, you need to learn a lot before you get started. You will be dealing with people who do this type of work day in and day out. You will be dealing with Mortgage companies, Title Companies, your County (taxes and deeds), as well as everyday people who might know more than you do. There are forms, contracts, not to mention home inspectors, etc …

If I were just starting out now in real estate, I would do these three things first -
1. Learn how things are done in your part of the world. This includes all of the paperwork involved.
2. Find out how much it really costs! Title companies charge more fees than just about any other business I have ever seen, but they are very good at what they do, you definitely get what you pay for. This is not the area to cut corners.
3. Make sure you don't overlook the best deals. When I started out, I worked the area within 10 miles of my home and missed out on a lot of opportunities. If I had been willing to do a little more driving, I probably could have had an easier time because I would not have been limiting myself geographically.

]]> By: YOUNGKAK http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1221 YOUNGKAK Fri, 28 Aug 2009 09:17:26 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1221 great tips great tips

]]> By: joe t http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm/comment-page-1#comment-1236 joe t Fri, 28 Aug 2009 04:04:30 +0000 http://www.rexprofessional.com/know-the-answers-to-real-estate-investing-faq-and-get-success.htm#comment-1236 cash flow, cash flow, cash flow, cash flow and cash flow. People that get into investment real estate hear all the stories about NO MONEY DOWN. But the problem is, that you lose money every month. Rents are less then expenses. My rule of thumb is that my PITI equals 50 percent (or less) of my gross monthly rent. The other 50% is NOT profit, but covers up keep and other expenses. On all my properties I have a positive cash flow and a ROI of around 14% per year (before taxes and tax breaks). cash flow, cash flow, cash flow, cash flow and cash flow.

People that get into investment real estate hear all the stories about NO MONEY DOWN. But the problem is, that you lose money every month. Rents are less then expenses.

My rule of thumb is that my PITI equals 50 percent (or less) of my gross monthly rent. The other 50% is NOT profit, but covers up keep and other expenses.

On all my properties I have a positive cash flow and a ROI of around 14% per year (before taxes and tax breaks).

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