Venturing into the wonderful world of condo conversions and real estate investing requires a lot of education and learning. So we will agree to disagree on the house money concept as I am putting forth, but I bet if we polled people and gave them an option as to how they would like to invest, I am pretty sure the house money concept as we have discussed it would be very popular. Finding and evaluating a property, place or location is another aspect to look into before a buying decision and some of the points to be considered here are population & job growth, income levels, supply & demand of properties, Government's effect on the real estate in that location, schools, crime rates, pride of ownership, real estate cycles and most importantly what attracts you to the property.
Co-hosted by active rental and real estate developers with over 15 years of experience, Liz Faircloth and Andresa Guidelli, this podcast provides straight talk along with inspiration for existing and aspiring women real estate investors to live both balanced and financially free lives. We help manage your investment property and portfolio from day one on. We take the headache out of owning international investment properties by maintaining great relationships with property managers in the US who can handle all your tenant and property needs without the hassle.
His wife wanted to go on this adventure so we set a time where she could also make it. As it turned out we were running a little later than planned when we arrived at the property, and it was going to be dark in about an hour or so. I just wanted to take a quick look at the house and get out of there. Paying a professional property manager to handle all of these things on your behalf will not only mean you get the best outcome for your rental property in terms of a good tenant and the best possible returns, but it will also give you something just as valuable as money when it comes to investing - time. The good thing is that since the great recession banks are going to limit your ability to borrow against investment property to really no more than 80% of the market value (and that is generous), and even then they are going to make sure that you have a debt coverage ratio of 1.20 or higher.
But Amazon has a less than 2% return on equity, brick and mortar stores cannot really compete with that, so I am still concerned about Real Estate Investing the future of brick and mortar retail in the types of property that we as smaller (non-REIT) investors will have access to. The Chinese invest heavily in real estate in the United States and they are quite knowledgeable about properties in the US. Thus, before jumping on to the sale transaction, make sure you know the various requirements that a Chinese buyer might look for and are up to fulfilling such requirements.