logo

THIS IS THE NEW SERVER - WE ARE STILL TWEAKING IT
Channel List
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies
Safety
We take forum safety very seriously here at BellaOnline. Please be sure to read through our Forum Guidelines. Let us know if you have any questions or comments!
Newest Members
Karencraw, MaureenDay, jennlorrane, StarzIntern, cos
57648 Registered Users
Forum Stats
57,648 Registered Members
417 Forums
114,791 Topics
815,429 Posts

Most users ever online: 615 @ 04/22/15 10:11 AM
Top Posters (30 Days)
Nancy Roussy 344
"Rosie" 326
Jana - Creativity Editor 275
daisybun 252
Connie - ADD/Sandwiches 201
Deanna - New Age 137
Mona - Astronomy 111
Susan - Meditation Editor 78
Elleise - Clairvoyance 48
Alice - Weight Loss 42
Ad Income Supports Charity
Topic Options
#401464 - 04/01/08 09:12 AM Investing in Real Estate
BellaDeb Offline
Zebra

Registered: 02/17/05
Posts: 3053
Loc: Memphis, TN
This week, I wrote an article on starting a Home Staging Business.

I think, if you have the money to invest, and time to wait out the economic dip, that now is a great time to invest in real estate.

In many cases, you won't be able to flip a house in a few weeks, but I believe prices are right for someone to be able to buy very low, hold on for a year or more, and then really make a good return on the investment.

Or, alternately, buy houses for rental properties. You could scoop up some rental properties at great prices, cover your costs for awhile, and then probably increase your rents or sell the property when the market goes back up.

Anyone care to share thoughts & experiences?
_________________________
Deb
SOHO
SOHO forum
Smart Marketing Works

Top
#401895 - 04/02/08 11:55 AM Re: Investing in Real Estate [Re: BellaDeb]
Jilly Offline
BellaOnline Editor
Highest Posting Power Known to Humanity

Registered: 02/26/03
Posts: 14392
Loc: Verde Valley, AZ
I want to do this too. See my other post in your home staging thread. smile

Top
#401997 - 04/02/08 03:12 PM Re: Investing in Real Estate [Re: Jilly]
BellaDeb Offline
Zebra

Registered: 02/17/05
Posts: 3053
Loc: Memphis, TN
I think this is a great business for someone who has the passion for it as well as the business acumen to make wise choices. And, skills and knowledge of repairs & decor certainly help!

For instance, now is the time to buy real estate--but only if you can hold on to it (i.e., have your investment tied up in it) for another 18 months or so. Unless you find a killer deal that you can spruce up & still sell below market but make a profit--there are tons of scenarios that would work, but generally, you need to be able to sit on a property (perhaps renting it out) for a long while.

Usually flippers need to sell in a very short time-period--weeks or months. So, beginners or anyone with limited funds needs to be wary of jumping in just because they can get good deals right now.

One way that would work and be smarter is to buy a fixer upper at a great price that you could live in for the next year or two in a market where you are sure you can bring it up to market standards and then sell when the market changes. That way, your investment is also your current housing and not just a money pit. If you can stay within your budget while making repairs, you could have a nice profit in a couple of years.



_________________________
Deb
SOHO
SOHO forum
Smart Marketing Works

Top


Want to reply? Register as a Forum Member - it's quick, free and fun!
Brand New Posts
Do you pay attention to your Dreams?
by Alice - Weight Loss
New Age
Today at 01:00 PM
Baton Rouge Louisiana
by Cynthia - Southeast USA
Southeast USA
Today at 11:26 AM
Earthshine *new article*
by Mona - Astronomy
Astronomy
Today at 10:03 AM
What exercise did you do today?
by Angie
Exercise
Today at 09:17 AM
Daily World Peace Group Meditation
by Susan - Meditation Editor
Meditation
Today at 09:05 AM
Fun June Holidays
by Jana - Creativity Editor
Creativity
Today at 08:09 AM
Hubble will be 25 this year!
by Mona - Astronomy
Astronomy
Today at 07:03 AM
List of mystery book themes
by daisybun
Mystery Books
Today at 05:28 AM
Plastic Surgery Poll
by daisybun
Cosmetics
Today at 05:07 AM
What tattoos do you have?
by daisybun
Body Art
Today at 04:59 AM
Register to Post!
Want to post? For security reasons you need to Register as a Forum Member. It's quick, easy and free!
Forum Activities
Book Clubs
Trivia Contests
Who's Online
1 registered (Izeigo), 69 Guests and 7 Spiders online.
Key: Admin, Global Mod, Mod
Ad Income Supports Charity



| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2015 Minerva WebWorks LLC. All rights reserved.