Here is real estate Rule #2.
Get the right team together and develop clout and you can invest anywhere in the country.
Adiel Gorel of ICG Investments talks about how it works for him. He's in San Francisco and deals with a lot of Silicon Valley people who need to invest in real estate but don't want to invest in that area. And we all know why.
I think Gorel has hit on something major when he talks about teaming up. Several real estate investors can band together to get the best services with a competent Realtor that you trust and a property management company that will do business right by you.
It's a whole lot easier if you have more clout. That concept will work beautifully in your neck of the woods also. That's another reason why we recommend that you get into a local real estate investing club as soon as possible.
Popularity: 7% [?]
Related Websites -
Are Stocks A Better Investment Than Real Estate? According to this article in Money Magazine, stocks are a better investment, based on a study taking in account the years 1978 to 2004.While there are some valid points favoring stocks over real estate, I think it was a one sided arguement.Why choose a period where the stock market did...... - Ben Stein Not Hot On Real Estate Here's an excerpt from Ben Stein's column about why he thinks real estate isn't such a great investment.That means the house has kept up with inflation -- barely.In fact, when I do the math, I realize that it hasn't fully kept up with inflation. Plus, the owner would have had......
- Living off dividends [or how to invest in Real Estate for cashflow] While surfing onlne, I came across this blog post: Real Estate as an asset class. Basically this guy wants to be able to live off his dividends at some point and his blog is devoted to that. He's wondering how real estate fits in. He invests in REITS but isn't......
-
How to Get Out of Trouble in the Real Estate Market If you invested in the real estate market recently and are now regretting that decision, there are a few ways that you can get out of financial trouble. For awhile, the real estate market was very solid and property values were going up. Many experts advised investing heavily in real...... - Real Estate and Taxes No one likes paying taxes, especially not real estate investors. Luckily, congress has been kind and offered a lot of tax breaks. Whenever you make a profit in real estate, there's usually a way to avoid or atleast defer paying taxes. The most well-known tax break is the 121 home......