Re: ot make money in real estate
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Posted by a4t1rat on July 31, 2007 at 07:00:59 from (66.29.160.46):
In Reply to: ot make money in real estate posted by chris sweetland on July 31, 2007 at 05:59:14:
Well I have a real estate investment company and I can tell you the first thing to do is watch your local market. what are things going for. you can buy a house at below market value and fix it up and sell it for profit but it is the exception. you are far better off going for the long term increase. rental property is a good way to build equity. let your renters pay for the property and you make money in the end. land is good but this depends where you are in the country as how fast it will go up in value, as with the housing market. go on the internet and find your local real estate site and watch what is selling and where, what rents are. find a loan calc. on line and use it to see profit margins and ect and make up your own mind as what will make you money. I do it all the time however it is NOT as easy as they want you to think. Just do your homework
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