Real Estate Investing?

I can see why a lot of people recommend real estate investing as a good way to make money. It's one of the few ways that I know of where you won't have to pay taxes!

But there are some things about it that I'm not too comfortable with. For one there are expenses involved when you buy and sell real estate and the longer you hold on to the property the more in expenses you are going to have to pay. If you put a tenant in your property then you have to make sure that its a good tenant that will pay their rent on time every month because if they don't then that will be more expenses that you may have to incur. It may even get to the point where you will have to legally evict your tenant. I have had some experience with this and though it may be different for each state I can tell you that the process of legally evicting a tenant is not a pleasant process to go through. It also give you that stereotype of being the cruel landlord!

Another thing is foreclosures. While foreclosures may be a good deal for real estate investors I can't help but think about the people who owned the property in the first place. It is not a very pleasant thing to go through when your home is being foreclosed on.

I know that Donald Trump is a big advocate as far as real estate investing is concerned and why wouldn't he be? Real estate investing is where Donald Trump has made a lot of his money.

So if you're thinking about investing in real estate then there is a lot of research that you should do because you do not want to get in way over your head!

Do You Want To Buy Property Cheaply?

I have always had mixed feelings about about buying foreclosures and buying property "on the cheap". The problem I have with it are the people that don't want to lose their homes and they are forced to lose their homes - sometimes at a price less than the equity that they already have in their homes.

With that being said there seems to be a lot of talk about real estate investing and opportunities for people to buy their first home or for investors to buy property. Unfortunately there will be a record number of foreclosures this year and a lot of people and investors are taking advantage of it. I even posted earlier about how one county sells delinquent property tax bills to the highest bidder. The county gets their money and the highest bidder now has a valuable lien note.

There are different types of property sales all over the United States and when you figure in how many different counties there are in different states then the number of opportunities increases. I have seen properties sold for less than 1/10th of their appraised value! And that is where the money is being made as far as investing in real estate is concerned.

However if you're not a real estate investor and are just looking for property that you can live in you should definitely check out some of these opportunities. You may be able to get a good piece of property very cheaply!