What are some things to look for when investing in real estate?
Answer:
Residential or commercial? Will you occupy it or rent/lease it out? Vacant or with structures?
If the property has buildings on it, have it thoroughly inspected by a licensed inspector who will examine plumbing, electrical, roof, structural stability, etc. Have the property appraised by a licensed appraiser, who will have information on comparable properties nearby.
Check for convenants and easements. Check for access rights, if in a rural area. Check utility bill histories. Know exactly where the boundaries are (survey).
If you're planning to rent it out, is the property currently rented? What's the turnover rate and what comments do the renters have? What are the terms of the existing rental/lease agreements? What are the neighbors like?
Why is the seller selling. and is the reason logical to you? How often has the property been bought and sold in the past 10 years?
Well, that ought to get you started!
Location, Location, Location.
Remember one thing.
Land--god ain't making any more.
"People will always need land and they'll pay through the nose to get it."
from gene hackman as lex luther in Superman
There is a limited amount of land of building,
There is quite a bit of information on this site
http://www.free-legal-document.com/becom.
dealing with all aspects of investing in property
Hope it helps
A Bubble.
Since this is for an investment would you like an open market??
http://www.breakingbubble.com/index.htm.
Keep in mind.....
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing?
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc.even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I beli
eve will apply to any of the hot real estate markets of the past five years...visit:
http://www.brokerforyou.com/brokerforyou.
http://www.downtown-san-diego-real-estat.
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.c.
http://www.la-jolla-ca-del-mar-san-diego.
http://www.brokerforyou.com/blogger/inde.
http://san-diego-coastal-real-estate.blo.
http://sandiegofsbo.blogspot.com.
http://downtown-san-diego-real-estate-vi.
http://san-diego-coastal-real-estate.blo.
http://sandiegofsbo.blogspot.com.
http://downtown-san-diego-real-estate-vi.
http://www.brokerforyou.com/san-diego-re.
http://www.poway-real-estate.info.
http://www.del-mar-real-estate.info.
http://www.la-jolla-real-estate.info.
http://www.los-angeles-real-estate-broke.
http://www.san-jose-real-estate-brokers..
http://www.orange-county-real-estate-bro.
http://www.san-francisco-real-estate-bro.
http://www.sacramento-real-estate-broker.
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