Real Estate guys

[cman]

Thinking of buying a house for investment only...

It is less then 100K and I am not wanting to flip just put renters in..

It has a new AC/Heat unit and roof is about 3 years old

the owners have to get out....it will tie up most of my available cash to buy...

Is this the right time to buy to manage...I wont get the tax credit since I will not occupy for two years..

wde

[pwherr]

Personaly I would never ever have rentals again. I remodeled all of mine. Spent a lot of time and money and the renters tore them up. I lost my ass and ended up in court way to many times. I owned 4 houses and a duplex sold them all for a loss.

[Steel]

If you are buying under the appraised value you really can't go wrong. I hear stories like Pauls all the time. I work behind horrible renters. Its important that you look at the market and the renters willing to inhabit your space. In the end its all about screening. I do a lot of work on rentals. Its been putting money in my pocket for years. GL

[Kramer]

Couple questions ,
you want to occupy it in two years , do you own a home now?

Tie up most of your available cash >

What if tenants skip out on rent? Could happen or do damage ?

could leave you paying both mortgate
plus rent thougths ?

Do you have like 6 months salary
in bank as a back up savings ? to make payments if unoccupied?

[Champ10]

Ultimate
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Scientific, data driven approach to profitable real estate investing. They use a quantitative analysis to find the most profitable locations per dollar invested.

I have used it and they are legit. Cash Flow machines and always a great location for high rents

[chibob]

Originally Posted by cman

Thinking of buying a house for investment only...

It is less then 100K and I am not wanting to flip just put renters in..

It has a new AC/Heat unit and roof is about 3 years old

the owners have to get out....it will tie up most of my available cash to buy...

Is this the right time to buy to manage...I wont get the tax credit since I will not occupy for two years..






wde

Interest rates may rise now, so sooner the better, if you do