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Real Estate Investing: America Rents
Most people in America rent a personal dwelling!
Just think how many families rent a house or an apartment, a duplex or a condo.
Yet, nobody prefers renting.
Who wouldn't want their own home, if they had the choice.
Even if, say, someone moves into town on a temporary basis, wouldn't they prefer buying a house, gaining appreciation even for the short term, and selling for a profit in 6 months or a year?
Maybe there are exceptions, but I can't imagine anyone really preferring to rent when they could own.
After all, most rental houses are not even preferable. The condition of a rental house usually declines after being occupied by family after family. Rental houses usually are neglected and abused. They become less desirable. A rental house is NOT THE BEST HOUSE IN TOWN simply because it IS a rental house! And sometimes a rental house becomes a real dump. Families move in, families move out, and the landlord CANNOT and IS NOT ABLE to maintain a rental house in TOP CONDITION! The main reason a rental house is impossible to keep pristine is because renters don't treat a rental house like their own.
Yes, there are exceptions, but most rental houses are not up to snuff. I know, because I use to own $10 million worth of rental houses. I had some very nice properties, but there was always something that needed repair. Things go wrong that need fixing, and perfect maintenance is impossible. Rental houses are less desirable because they can never be brought up to first class and maintained that way. If I had been the owner AND occupant of that rental house, I would have tried to fix it up and keep it in top condition.
When you fix up houses to sell, "Renting America" becomes your marketplace.
(1) You can never exhaust the demand. Everyone prefers their own house. It's still the "American Dream."
(2) It's easy to create an immaculate house for re-sale that outshines most rental houses.
(3) Selling renovated houses to the tenant in the marketplace rather than to the house-hunting market is much easier. Renters are readily convinced that paying monthly rent is a financial downer. Sorting out the credit-worthy renter with an offer to own becomes a win-win proposition.
An untapped niche market in real estate investing is fixing up houses that can be purchased by America's renters.
Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. CashinHouses.tk/
He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at Real--Estate--Book.tk/nomoneydown/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at AAREIT.tk/
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Our complex IRS code requires that your, as a real estate investor, accurately calculate your "basis" in investment property when reporting a gain or loss on a tax return.Your monetary gain or loss when you sell investment property is determined by comparing the sale price to the adjusted basis in the property.
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Buying Property in Spain
You have made the decision to move to Spain and are now looking for a property to buy? Where do you start? Firstly, I would suggest you go on to the internet and look at the various agents that are offering properties for sale in Spain. Many of these companies are run by people who have already emigrated to Spain and will know the many problems and pitfalls that arise when buying a property in Spain.
Zero Down Real Estate Investing
Zero down? Why would a seller want to walk away from closing with nothing? Well, they wouldn't, and that brings up the most important point about real estate investing with no downpayment: The seller almost always needs cash at closing, but it doesn't have to be YOUR cash.A Zero Down ExampleI'm selling a small rental property right now, with payments of $400/month.
Property Investment: Spoiled for Choice in Europes Emerging Markets
You could be forgiven for thinking that property is the new dot.tk.
Atlanta Georgia Real Estate - Marietta - East Cobb, Roswell, and Alpharetta
Whether you're a "move up" home buyer, downsizing, or relocating to the metro Atlanta area, you'll find a diverse range of home styles and price ranges just north of downtown in the Marietta - East Cobb, Roswell, Alpharetta corridor. Featuring affordable single family homes, condominiums, townhouses, and luxury real estate, these communities also offer great schools and unbeatable location.
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Happy, Long-term Good Tenants Paying On Time How to Create a Win-Win Relationship for the Both of You!After you've found your tenants, how do you keep them? Establish a friendly, pleasant, business-like relationship with your tenants, so they'll want to renew again each year. By using one or a few ideas below, you will learn how to keep good tenants.
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For those of you who were not psychology majors the "psyche" is someone'sá mind. What motivates them.
How To Create A House Buying Wish List For Your Dream Home
Buying a house is one of the most exciting things you will ever do. But there are LOTS of little details involved - details which can be very costly if they are overlooked.
Nobody Loves A Landlord
The typical landlord starts off life as a light hearted real estate investor. The investor is brimming with enthusiasm and is determined to acquire some single family homes that will be attractive to renters.
The Echo Boomers - The Next Big Consumers
The Echo Boomers or Generation Y currently make up about one third of the US Population. Many of the Echo Boomers are starting to reach an age where they want and need things like, Houses, Cars, Insurance.
Apartment Loan 101
So you're interested in going into business as a property manager? Have you given any thought yet to you'll enter this potentially profitable market? Reality check-unless you've just inherited a large sum of money from a relative or are otherwise independently wealthy you're going to find someone to borrow from. This is where an apartment loan comes in.
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