News From Terre Haute, Indiana

Real Estate News

May 4, 2012

Rental Property Investing 101 – Tips for Future Property Moguls

Syndicated — The media and real estate professionals continually report that 2012 is the year to buy real estate. Since home values have dropped considerably, the U.S. median list price has dropped considerably, too. Couple that with interest rates that are the lowest they've ever been and it's a perfect storm of real estate buying opportunity, especially for starting out your career as a landlord.

Note: If you are one of those folks that believes you can predict the future and hopes prices will go down, they may. But interest rates might go up which would nullify any gain you would hope to obtain from any price decrease. But more importantly, all investments fluctuate in value over time. You should not be concerned about short-term fluctuations in a long-term investment, like real estate. If you buy sooner over later, ten years down the road not only will you own more properties overall than someone who waits, but you'll most likely have earned significant equity in all of them. And you won't care about any price fluctuations that might have occurred in 2012, 2013, or 2014.

Here are tips to get started. And, if you start a few years out of college, and amass several properties, you will probably be retiring early.

Go for the long haul - Rarely do people increase their wealth by owning property for short periods of time. Long-term investing in cash flow-producing assets like real estate is the way to go.

Don't' give up your day job! - You need a solid job to be able to save money for a down payment and be able to obtain financing to buy properties.

Buy cash flow-positive properties - If you don't understand why to do this, you might want to skip real estate ownership. See "What is a Good Real Estate Investment" article.

Text Only | Photo Reprints
Real Estate News
Latest News
TribStar.com Poll
AP Video
Raw: Massive Dust Storm Covers Phoenix Raw: Bolivian Dancers Attempt to Break Record Raw: Shipwrecked Concordia Completes Last Voyage Raw: Israel, Palestine Supporters Rally in US Raw: Palestinians and Israeli Soldiers Clash Israel, Hamas Trade Fire Despite Truce in Gaza 12-hour Cease-fire in Gaza Fighting Begins Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma Raw: Violent Clashes Between Libyan Militias Video Shows Smiling American Bomber in Syria Italy's Nibali Set to Win First Tour De France Raw: Sea Turtle Hatchlings Emerge From Nest Fox Dons 'Bondage Strap' Skirt at Comic-Con Cumberbatch Brings 'Penguins' to Comic-Con Baseball Hall of Famers Inducted Virginia Governor Tours Tornado Aftermath Raw: Air Algerie Flight 5017 Wreckage Raw: Deadly Tornado Hits Virginia Campground Judge Faces Heat Over Offer to Help Migrant Kids
NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity