The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

REAL ESTATE Buying Investment Property

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

andviv

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Jul 27, 2007
5,421
2,215
625
Washington DC
This article talks about some of the basics of buying investment properties. I wanted to share it here with you guys.

When sellers of income properties increase the net income by honest means, the property should sell for more. However, there are many dishonest ways, both legal and fraudulent, that are sometimes used. Sellers of houses may cover foundation cracks with plaster, but the tricks used by sellers of income properties aren’t about appearance. These tricks are about income and expenses.


Read the whole article here
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Adam

New Contributor
Aug 12, 2007
68
15
20
Minneapolis
That's a good "buying 101" article.

The problem with getting into the income property game is that many people don't know how to accurately read the income and expenses. People also forget that every investor is going to run at a different expense margin.

Example -

Your cost of insurance might be significantly lower than mine.

I may lease the properties myself while you may have to pay a leasing agency.

I may have a full time maintenance staff while you may have to sub it out.

You may self manage with I have an on-site manager.

I may spend more on property appearance while you may go bare minimum.

The list goes on and on...
 

GoldenEggs

Contributor
Sep 4, 2007
321
38
25
Silicon Valley, CA
That's a good "buying 101" article.
The problem with getting into the income property game is that many people don't know how to accurately read the income and expenses.

I agree that many people don't know how to accurately read the income and expenses. I'm finding within my own group that people also don't know how to read/understand comparisons, such as the IREM metro report or market information from brokers.

There is a lot of information available but it's worthless if someone does not understand and does not ask for clarification.

Some of my partners want to go down the ugly legal path because they did not understand the information that was given to us.
 

Sponsored Offers

  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2020
Great post @Fox, very much appreciated! How can I reach out to you? I sent you a PM a while...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Hey @Lex DeVille ! Having some issues with the NOREGRETS code? Udemy thinks it has expired...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Are you looking for a new, lesser-known but potentially very lucrative source of leads to your...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
I read it yesterday, looks like a nice introduction for reading TFM or Unscripted. ; ) Also...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Thanks for the reply. Whats interesting is that I have an idea that's been cooking which...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom