 |
Start Small or Big? |
| |
 |
Hello,
We currently rent here in southern CA and we are very interested in buying a home. As you know the homes here are 500K +. We also have future plans to invest in real estate and hold the properties in such places as NV, AZ, FL to name a few. Would it be more wise to invest in a few 100K homes and continue renting or buy a fixer home here in CA for 500K? |
| |
| |
 |
I wouldn't recommend trying to be an absentee landlord. If those 100K homes you mention are out of your state, forget it. It's really asking for trouble. Your first real estate investment, while you are learning the business, should be within an hour's drive of your own home. Of course that's difficult in your area with prices so high. Perhaps a local agent will be interested in helping with your search.
Start by going to the library and reading everything you can find on real estate investment. |
| |
|
Edith
Originally published on May 15, 2008 |
| |
| |
|
Back to Summary
|
< Previous | Next > |
| |
|
|
