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: Leopard Bites Man in India Raw: Man Fatally Shot During Police Standoff Stowaway Teen Forces Review of Airport Security 'Miss Meadows' Takes Holmes Back to Her Roots Raw: Tesla Delivers First China Cars Chief Mate: Crew Told to Escape After Passengers S.C. Man Apologizes for Naked Walk in Wal-Mart 'Piles' of Bodies in South Sudan Slaughter Bon Jovi Helps Open Low-income Housing in Philly Raw: Sinkhole Swallows Part of Fla. Yard Raw: Royal Couple Tours Uluru in Australia Justice Dept. Broadening Criteria for Clemency Raw: MN Lakes Still Frozen Before Fishing Opener Mayor Rob Ford Launches Re-election Campaign Raw: Woman Accused in Babies' Deaths in Court David Moyes Out As Manchester United Manager Biden: Russia Must Stop Talking, Start Acting Iowa College Finds Beauty in Bulldogs Defendant Killed by Police in Courthouse Attack Pipeline Opponents Protest on National Mall
NDN Video
Viral: It's Not Pitbull - It's Amy Poehler! Raw: Leopard Bites Man in India Jenna Dewan-Tatum Strips Down Rise of the Milkbots TRENDING: Brian Williams Raps 'Gin and Juice' on ‘Tonight Show’ Middle School heroes rescue students from burning bus WHOPPER OF FISHING STORY: Florida man catches massive Mako shark Maks Chmerkovskiy's "DWTS" Meltdown The many faces of Mike Woodson Ape Builds A Fire And Toasts Marshmallows In Amazing BBC Video Manchester Utd sack manager David Moyes "RHOA's" Dramatic Brawl High school, College Drug Ring Busted In Montgomery County High Court to Hear Dispute of TV Over Internet Raw: Keflezighi, Jeptoo Win Boston Marathon Teen hitchhikes in wheel well of flight from California to Hawaii Lindsay Lohan's Jaw-Dropping Secret President Sends Message To Boston And Marathon Runners LA Pastor Attracts Churchgoers with Pot Lauren Stoner Shows Off Her Incredible Bikini Body
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