Ive been a Real Estate Investor for 10 years and I can tell you that it is not easy but it can be very, very profitable.

T Here are 2 basic strategies of Real Estate Investing

1. Buy And Hold
2. Buy And Sell

Buy and hold is the most common type of real estate investing and yet it can be the hardest if not done right. Having done property management I can tell you it is no walk in the park it is lots of hard work and requires lots of discipline to do it right. Normally I am not a fan of this type of investing but right now in my market I am doing lots more of this as the prices have dropped so low and I can get such a great return on ym money.

Example I just picked up a 3 bedroom 1 bath house 1100 square feet. Last year it sold for $115k I picked it up for $50k plus $15k in repairs puts me at around $65k I am putting a 5% non owner occupied loan on it and my payment is about 40% of what my rent will be. I will clear almost $400.00 positive cahs flow off a single family home.

My strategy here is to hold on to the property for a couple of years until the market levels back out and then I am going to sell it for around $120k Ill make over the life of that deal around $30k to $40k so don’t let the newspapers lie to you now is the time to invest that way.

I am planning on picking up 4 or 5 more just like that this next year.

My caveat is that research heavily what you want to do. Join a real estate investment club or find a mentor your better of splitting a profit with and experienced investor than going it alone.

The second strategy of Buying and selling is greatly showcased by Cable shows like “Flip That House” that is also what I do but in a market like this one you need to be really careful the market is flooded with properties for sale and if you don’t know what you are doing you can be sitting in a remodeled house for a very long time.

Again I would seek the advice of a mentor or real estate investing group, but make no mistakes about it this market is one of the best markets I have ever seen.

I know personally several investors that are scooping up everything they can get their hands on.

Hi,

To me, going into real estate is not “investing” at all, since it requires a lot of time, effort and knowledge. It’s really starting your own real estate business.

But it’s certainly a good one for many people, and now is a good time to buy up good properties, cheap — if you have a lot cash and really good personal credit.

There’re a LOT of real estate gurus who want you to buy their courses. Personally, I wouldn’t buy anybody’s course or book until after reading what John Reed has to say. His is the best real estate site and material –

Renting is never easy. Where I live there is a gang problem. Never take section 8 tenants, they usually cause endless problems, and damage. If you can’t afford the house, without collecting rent for three months, don’t do it. Eviction costs $500 and takes three months.