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What are some good ways to invest in realestate?
The few that I am familiar with is: - buying a home and renting it out -Buying land cheap, having a house build there cheap(if possible) and selling -And something dealing with property tax, which I want someone to explain to me what that is and how I go about that. I am new to it, but very much interested in the various ways to invest. V. |
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Don't forget "Rehabs" and "Land Contracts"
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what are rehabs and land contracts?
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-"Rehabs"--> You mean forclosure homes
-Leasing, when someone rents from you after you buy the property, I assume? |
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Fixer upper with some major work and contractor's special = Rehabs
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Bay Area Real Estate | Free MLS. Coming to CA and like to know Things to do in California. |
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oh ok thanks
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I see thanks JN
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With option contracts you can also buy the option to buy a home at a certain price for a certain time frame. for example, if you find a home for $100,000 you can buy the option to buy the house for that amount for another 6 months for say... $5,000. When that time is up you see the current value of the house is $120,000 so you excercise your purchased option to buy the property at $100,000. You can then sell the home for $120,000 and make 15k. If you see the value hasn't increased enough you don't have to excercise your option to buy, but you lose your $5,000. It's a risk. you look at job vacancies in areas, demand trends and certain things to determine potential, but over all, you, or a hired expert makes the recomendation.
also you can sell the house as you buy it through an assignee or something like that, i'm a bit confused about that, can someone explain that on this thread? And also, another good investment vehicle is a Real Estate Investment Trust (REIT). They are major real estate companies that focus on aquiring income producing properties such as hotels, shopping malls, and shopping centers of all sorts. [I'm a bit fuzzy on this part still but I think this is how it works] you buy shares with that trust and every year you get profits [(90%-95%)+ by law] based on your shares and your shares also increase in value as property value increases. For example there is a REIT called equity one that focuses on grocery store shopping centers that I am seriously looking into right now. I think with the present rate at which new neighborhoods are being built (atleast what i've seen around FL) people need food.. hehe.. so I think it's a good idea. anyone else think so? sorry to make the post so long, hope it helps! ![]() |
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