Tips on Property Investment|The Best Investment Properties Advice
Oct
31
Filed Under (Property Investment Advice) by admin
J Rizzle asked:
I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.
Charlene
I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.
Charlene
Oct
31
Filed Under (Property Investment Advice) by admin
Sacha Tarkovsky asked:
If you want to invest in property then there are several methods of cheap property investment that are low risk and can offer high rewards and here we will look at one of these methods. Let’s look at this proven method of cheap property investment in more detail
A Paradise and a Profit
Rather than buy property in North America or Europe where property is expensive and gains un certain, its time to look at booming emerging countries with a track record.
Here we are going to look at one that offers a track record of fantastic returns, low risk, cheap property and a secure investment market and its just a two hour direct flight from the USA:
The country is Costa Rica.
Consider this:
A house bought just 15 years ago near the popular resort of Jaco for $30,000 is worth in excess of $750,000 today and this has been achieved with little downside risk. Not only could you have made great capital gains, you could have made a valuable rental income, or had a holiday home to enjoy as well.
In excess of 100,000 foreign investors have bought property in Costa Rica and buying remains strong and will continue to do so.
Why?
Because, it offers beach front property at affordable prices – at up to 70% less than in Texas or Florida.
This demand looks likely to remain strong as baby boomers continue to look for holiday homes and retirement properties.
Other advantages.
Costa Rica is a safe, stable democracy, that offers the same buying rights to overseas investors as residents. Furthermore, the buying process is easy, tax efficient and property taxes are low.
As a country it’s beautiful with pristine beaches, rainforest, volcanoes and all the shopping and comforts of home and an affordable standard of living – you can live well on $2,500 a month.
Costa Rica therefore offers an affordable slice of paradise.
Of course there are other destinations to look at but many are merging and don’t have the track record of gains Costa Rica does. As a general rule, property booms last for decades or longer and money attracts money as confidence in an investment grows and the expat population expands.
The Risk to Return is Great!
If you are looking at cheap property investment, you want a market that is growing, will continue to grow, that’s safe and stable and Costa Rica ticks all the boxes.
Discover property investment in Costa Rica and you can enjoy long term capital growth, low risk great rental income and a holiday home in paradise.
Look at the potential of Costa Rica and you may be glad you did.
Sally
If you want to invest in property then there are several methods of cheap property investment that are low risk and can offer high rewards and here we will look at one of these methods. Let’s look at this proven method of cheap property investment in more detail
A Paradise and a Profit
Rather than buy property in North America or Europe where property is expensive and gains un certain, its time to look at booming emerging countries with a track record.
Here we are going to look at one that offers a track record of fantastic returns, low risk, cheap property and a secure investment market and its just a two hour direct flight from the USA:
The country is Costa Rica.
Consider this:
A house bought just 15 years ago near the popular resort of Jaco for $30,000 is worth in excess of $750,000 today and this has been achieved with little downside risk. Not only could you have made great capital gains, you could have made a valuable rental income, or had a holiday home to enjoy as well.
In excess of 100,000 foreign investors have bought property in Costa Rica and buying remains strong and will continue to do so.
Why?
Because, it offers beach front property at affordable prices – at up to 70% less than in Texas or Florida.
This demand looks likely to remain strong as baby boomers continue to look for holiday homes and retirement properties.
Other advantages.
Costa Rica is a safe, stable democracy, that offers the same buying rights to overseas investors as residents. Furthermore, the buying process is easy, tax efficient and property taxes are low.
As a country it’s beautiful with pristine beaches, rainforest, volcanoes and all the shopping and comforts of home and an affordable standard of living – you can live well on $2,500 a month.
Costa Rica therefore offers an affordable slice of paradise.
Of course there are other destinations to look at but many are merging and don’t have the track record of gains Costa Rica does. As a general rule, property booms last for decades or longer and money attracts money as confidence in an investment grows and the expat population expands.
The Risk to Return is Great!
If you are looking at cheap property investment, you want a market that is growing, will continue to grow, that’s safe and stable and Costa Rica ticks all the boxes.
Discover property investment in Costa Rica and you can enjoy long term capital growth, low risk great rental income and a holiday home in paradise.
Look at the potential of Costa Rica and you may be glad you did.
Sally
Oct
30
Filed Under (Property Investment Advice) by admin
Javaid Kiyani asked:
I recently read that 8/10 millionaires made their millions through real estate. Whether this statistic is entirely true or not, I dont know. However, what I do know is that A LOT of people have made their millions from property. In fact, I would even go so far as saying that more millionaires are created from investing in property than any other industry.
If you are interested in obtaining a good passive income, then I would definitely recommend you consider property as one of your strategies for wealth creation.
But be warned, property investing is not a short term get rich quick scheme. Done properly and with guidance, you will gain:
-Amazing capital growth your portfolio will increase by 100,000 pounds a year.
-Great cash flow: you will obtain an amazing monthly passive income.
-A legacy to pass down to future generations.
If you are seriously considering property investment as a career choice, please note that you need to look at it as more than just a hobby. In other words, you need be put some effort in for it to work. If you do only look at property as a hobby, you will only ever achieve hobby profits. Your dreams of earning millions from property will remain just that – dreams!
Property investment, like any business, is a serious business and you need to start investing with the right attitude. Working just one day a week on this business is simply not enough especially when youre starting out. Ive known a lot of people who have started investing in property only to fail miserably purely because they expected too much in too short a time.
So how do you become a serious property investor? Simple.
As a minimum, you need the following three traits to succeed
1.Knowledge
This can be obtained from mentors, books and seminars. To do well in any business, you dont just need specialised knowledge but will also need to develop yourself personally.
I would encourage you to attend personal development events to help you to move forward quickly.
2.Personal Motivation
You need to be motivated to do well any aspect of your life. A lot of people fail because they give up too soon! They try one or two techniques recommended to them, find they dont work and decide property investment doesnt work!
Model yourself on a successful property investor that you know. Keep going and dont give up.
3.A Team
To do well in property investment by your self is almost impossible. All successful property investors that I know have built a team of clever people around them. You need to do this also.
As a minimum you need access to good solicitors, accountants, financiers, builders, other property investors and finders. Become a prolific networker, show people that you are a doer and expect results in your business and allow like minded people to join you in helping you to grow your business.
David
I recently read that 8/10 millionaires made their millions through real estate. Whether this statistic is entirely true or not, I dont know. However, what I do know is that A LOT of people have made their millions from property. In fact, I would even go so far as saying that more millionaires are created from investing in property than any other industry.
If you are interested in obtaining a good passive income, then I would definitely recommend you consider property as one of your strategies for wealth creation.
But be warned, property investing is not a short term get rich quick scheme. Done properly and with guidance, you will gain:
-Amazing capital growth your portfolio will increase by 100,000 pounds a year.
-Great cash flow: you will obtain an amazing monthly passive income.
-A legacy to pass down to future generations.
If you are seriously considering property investment as a career choice, please note that you need to look at it as more than just a hobby. In other words, you need be put some effort in for it to work. If you do only look at property as a hobby, you will only ever achieve hobby profits. Your dreams of earning millions from property will remain just that – dreams!
Property investment, like any business, is a serious business and you need to start investing with the right attitude. Working just one day a week on this business is simply not enough especially when youre starting out. Ive known a lot of people who have started investing in property only to fail miserably purely because they expected too much in too short a time.
So how do you become a serious property investor? Simple.
As a minimum, you need the following three traits to succeed
1.Knowledge
This can be obtained from mentors, books and seminars. To do well in any business, you dont just need specialised knowledge but will also need to develop yourself personally.
I would encourage you to attend personal development events to help you to move forward quickly.
2.Personal Motivation
You need to be motivated to do well any aspect of your life. A lot of people fail because they give up too soon! They try one or two techniques recommended to them, find they dont work and decide property investment doesnt work!
Model yourself on a successful property investor that you know. Keep going and dont give up.
3.A Team
To do well in property investment by your self is almost impossible. All successful property investors that I know have built a team of clever people around them. You need to do this also.
As a minimum you need access to good solicitors, accountants, financiers, builders, other property investors and finders. Become a prolific networker, show people that you are a doer and expect results in your business and allow like minded people to join you in helping you to grow your business.
David
Oct
30
David M asked:
I live in Texas and I’m planning on buying a property to rehab. Unfortunately I don’t have the money to pay cash so I was wondering if anyone could give me some information on other financing options. Should I go to a bank or a mortgage company? Are there special loans to apply for? I plan on starting a small L.L.C. company for my investment properties. Is there any government assistance for small businesses such as this? I don’t really know anyone in the industry so I am having trouble finding a lot of the information I need.
Jeremy
I live in Texas and I’m planning on buying a property to rehab. Unfortunately I don’t have the money to pay cash so I was wondering if anyone could give me some information on other financing options. Should I go to a bank or a mortgage company? Are there special loans to apply for? I plan on starting a small L.L.C. company for my investment properties. Is there any government assistance for small businesses such as this? I don’t really know anyone in the industry so I am having trouble finding a lot of the information I need.
Jeremy
Oct
30
ceeze07 asked:
I have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!
Holly
I have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!
Holly
Oct
29
Filed Under (Property Investment Advice) by admin
Carlton Johnson asked:
Over 90% of the richest people in the World have become wealthy through investing in property. As well as this, a large portion of the people that didn’t become wealthy through property, now use property as their preferred investment vehicle to either create more wealth or to protect the wealth they already have.
This article will teach you 5 steps to property investing success. After reading it you should have a better understanding of what it takes to become wealthy through property and what sort of sacrifices you will have to make to get there.
1. Make better use of your time. What do you currently spend most of your time doing? Most people spend the majority of their time indulging in two activities. They are either at work or they are sleeping. In fact, including the commute to work, many people spend about 18 hours of every working day doing these activities. However, what they do with the other 6 hours and what they do with their days off (assuming they have that luxury) is what holds the key to their property investing success.
You might do vital things like get time with your family, but what about things like watching T.V. or playing video games, or even going down the pub. If you sat down with a pen and paper and wrote down how much time you spend on these, none essential activities, you might be surprised at how much time you are wasting that could be spent doing other things, such as learning about money making or actively investing in property. Including the weekends, many people spend about 18 hours a week, watching T.V. If you could cut this down to about 5 hours a week, it could have a massive impact on your life.
Successful people generally don’t spend every afternoon, sat glued to watching Eastenders. Do you really think that this is how Richard Branson or Philip Green spends their time?
Cut down, or cut out totally, anything that you currently spend your time on that has know real benefit to your future happiness, wealth and prosperity. Once you have decided what you want out of life, then focus your energy into activites that will help you achieve your goals.
2. Make your money work for you. If you are used to getting paid an hourly or a daily rate, then the chances are you are probably not very wealthy. It’s a fact that the richest people in the World do not get paid by the hour. They master how to get their money to work for them so that even while they are sleeping they are accumulating wealth. This maybe the single most important thing you should learn to you help get you out of the rat race.
3. Set goals. Setting goals is crucial to your success. You need to set clear goals otherwise you will lack focus and purpose in your plans. There is a small chance you might be successful, but if you set goals you are much more likely to be even more successful. You need to plan where you want to go and what you want to do. On top of this you need to understand why you want to achieve what you want to achieve.
4. Strategy. Setting you goals will set out what you want to achieve, but planning your strategy will tell you exactly, HOW you are going to achieve it. Goals are useless without a strategy of how to achieve them. When you are writing down your strategy you need to think of everything that might crop up and put a spanner in the Works, then you need to plan how you will overcome it.
5. Mix with the right people. This can be online through property forums or in person at property networking events or any other way you can think of. It is vital to your investing success that you mix with people that have similar goals to you and/or that have already achieved what you want to achieve. You might find that most of your friends tell you that there is no longer money in property and to give it up. The only way you are going to be able to continue to believe in the face of negativity from those who care for you is if you have proof around you of those that have succeeded and continue to do so.
It still is, and perhaps always will be, possible to achieve property investing success. This success is available to anyone who is prepared to follow the steps and make the sacrifices today that will insure their future tomorrow.
Carla
Over 90% of the richest people in the World have become wealthy through investing in property. As well as this, a large portion of the people that didn’t become wealthy through property, now use property as their preferred investment vehicle to either create more wealth or to protect the wealth they already have.
This article will teach you 5 steps to property investing success. After reading it you should have a better understanding of what it takes to become wealthy through property and what sort of sacrifices you will have to make to get there.
1. Make better use of your time. What do you currently spend most of your time doing? Most people spend the majority of their time indulging in two activities. They are either at work or they are sleeping. In fact, including the commute to work, many people spend about 18 hours of every working day doing these activities. However, what they do with the other 6 hours and what they do with their days off (assuming they have that luxury) is what holds the key to their property investing success.
You might do vital things like get time with your family, but what about things like watching T.V. or playing video games, or even going down the pub. If you sat down with a pen and paper and wrote down how much time you spend on these, none essential activities, you might be surprised at how much time you are wasting that could be spent doing other things, such as learning about money making or actively investing in property. Including the weekends, many people spend about 18 hours a week, watching T.V. If you could cut this down to about 5 hours a week, it could have a massive impact on your life.
Successful people generally don’t spend every afternoon, sat glued to watching Eastenders. Do you really think that this is how Richard Branson or Philip Green spends their time?
Cut down, or cut out totally, anything that you currently spend your time on that has know real benefit to your future happiness, wealth and prosperity. Once you have decided what you want out of life, then focus your energy into activites that will help you achieve your goals.
2. Make your money work for you. If you are used to getting paid an hourly or a daily rate, then the chances are you are probably not very wealthy. It’s a fact that the richest people in the World do not get paid by the hour. They master how to get their money to work for them so that even while they are sleeping they are accumulating wealth. This maybe the single most important thing you should learn to you help get you out of the rat race.
3. Set goals. Setting goals is crucial to your success. You need to set clear goals otherwise you will lack focus and purpose in your plans. There is a small chance you might be successful, but if you set goals you are much more likely to be even more successful. You need to plan where you want to go and what you want to do. On top of this you need to understand why you want to achieve what you want to achieve.
4. Strategy. Setting you goals will set out what you want to achieve, but planning your strategy will tell you exactly, HOW you are going to achieve it. Goals are useless without a strategy of how to achieve them. When you are writing down your strategy you need to think of everything that might crop up and put a spanner in the Works, then you need to plan how you will overcome it.
5. Mix with the right people. This can be online through property forums or in person at property networking events or any other way you can think of. It is vital to your investing success that you mix with people that have similar goals to you and/or that have already achieved what you want to achieve. You might find that most of your friends tell you that there is no longer money in property and to give it up. The only way you are going to be able to continue to believe in the face of negativity from those who care for you is if you have proof around you of those that have succeeded and continue to do so.
It still is, and perhaps always will be, possible to achieve property investing success. This success is available to anyone who is prepared to follow the steps and make the sacrifices today that will insure their future tomorrow.
Carla
Oct
28
hjtys asked:
I own my primary in CA free and clear and have another investment in Arizona that is also underwater. I can afford AZ but cannot afford the Texas property but am tied to a lease from the renter for an another 9 months. I need out on Texas. I tried to sell it for the last year with no luck. Is my primary safe and what is the best way to get out without much financial penalties?
Glenda
I own my primary in CA free and clear and have another investment in Arizona that is also underwater. I can afford AZ but cannot afford the Texas property but am tied to a lease from the renter for an another 9 months. I need out on Texas. I tried to sell it for the last year with no luck. Is my primary safe and what is the best way to get out without much financial penalties?
Glenda
tianhaolai asked:
How to use for Modern Portfolio Theory in property investment.
Reason of use for the Modern Theory Portfolio in Property Investment.
Problems and disadvantages when using this Theory.
You can give me the sources to let me know more about it.
Nicole
How to use for Modern Portfolio Theory in property investment.
Reason of use for the Modern Theory Portfolio in Property Investment.
Problems and disadvantages when using this Theory.
You can give me the sources to let me know more about it.
Nicole
Oct
26
Maika asked:
I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren’t too concerned about figuring this out we bought the property.
I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this up. Being close family members, we weren’t too concerned about figuring this out we bought the property.
I would really appreciate any suggestions from real estate investors experienced with partnership investments like this.
Here are the figures for the capital and work/mangement invested by each party.
Investor #1:
Invested $150, 000 by taking out a regular home loan.
Lived at the property and payed rent.
Did 85% of the maintenance, improvements and rental property management.
Investor #2:
Invested $75,000 from a home equity line of credit.
Did 0% of the maintenance, improvements and rental property management.
Investor #3:
Invested $25,000 from a home equity line of credit.
Did 15% of the maintenance, improvements and rental property management.
Thank you!
Zachary
Oct
24
Filed Under (Property Investment Advice) by admin
Michiel Van Kets asked:
Around 400 miles from Africa’s west coast, Cape Verde is an area of 10 small islands in the North Atlantic Ocean. The islands already have tourism on the islands and due to plans to promote the area internationally as a tourist destination, tourism population are predicted to rise over the next few years. As the islands gain in popularity with tourists, they are increasingly seen as a promising property investment.
The summer months of July and October are an ideal visit the islands as the weather is warm and the winds are milder. The interesting mix of Portuguese traditions, African scenery and European architecture provide a uniqueness that will appeal to all types of travelers. The wonderful scenery is different on each island with some flat and desert-like while others are volcanic and mountainous; all of them offer magnificent coastlines.
The biggest and most popular island in Cape Verde is Santiago; it also has the main airport in the capital city of Praia. Nearly 50% of the area’s populace inhabits this island and there is a vibrant atmosphere. Praia, being the capital city is located on the island and has scenery made up of mountains and deep valleys with a beautiful coastline of white sand beaches and black reefs.
Around the island are numerous diving opportunities including exploring shipwrecks on the ocean floor, and the winds are perfect for windsurfing activities. The local people love their music and the islands hold many carnivals, live music venues can easily be found and folk music is a proud tradition.
If you do visit the islands don’t miss the salt mines in Sal, located inside a dormant volcano they are a must for every visitor. Fogo is a single volcanic peak whose slopes are marked with rivers of frozen lava and the beaches of Sal and Boa Vista are spectacular. There are plenty of water activities including surfing, water-skiing and scuba diving, these can easily be booked at your hotel and then relax on the beach with a bottle of the local rum.
Airlines have already established direct flights to Cape Verde from Europe, opening up the islands to international travelers which will assist its progression as a tourist destination and make the area an attractive choice for real estate investments.
Due to the islands natural beauty, friendly people and expected rising economy, the islands are attracting more and more interest from investors. Interest is being shown from all types of investors, including corporations looking for a new area to develop, business people in search of new opportunities and those wanting a holiday or second home. You will find inexpensive flights from Europe and once you are there, it’s hard not to fall in love with the islands.
Anyone looking to invest in a foreign country should really visit there themselves to experience it firsthand. Only you know what you require concerning climate, opportunities and people and taking the time to travel there will answer many of your questions. Once you have paid a visit and decide that it would be a good place to invest in then take a second trip and learn the business practices of the country, they will probably not be the same as in your home-country. If you are planning on running a business there be aware that business practices will be different than they are at home and learn their customs so as not to make mistakes.
If you compare Cape Verde to the rest of Europe properties are inexpensive, you can even find beach front properties still realistically priced. This gives investors the opportunity to establish a new business on the islands in expectation of the increase in tourism levels. Currently the islands are not set up for thousands of tourists and the opportunities are there for the picking. When you consider the low airfares, direct flights to the islands and the spectacular landscape on offer, it is obvious why Cape Verde Property Investments would be an excellent choice for individuals and corporations.
Glenn
Around 400 miles from Africa’s west coast, Cape Verde is an area of 10 small islands in the North Atlantic Ocean. The islands already have tourism on the islands and due to plans to promote the area internationally as a tourist destination, tourism population are predicted to rise over the next few years. As the islands gain in popularity with tourists, they are increasingly seen as a promising property investment.
The summer months of July and October are an ideal visit the islands as the weather is warm and the winds are milder. The interesting mix of Portuguese traditions, African scenery and European architecture provide a uniqueness that will appeal to all types of travelers. The wonderful scenery is different on each island with some flat and desert-like while others are volcanic and mountainous; all of them offer magnificent coastlines.
The biggest and most popular island in Cape Verde is Santiago; it also has the main airport in the capital city of Praia. Nearly 50% of the area’s populace inhabits this island and there is a vibrant atmosphere. Praia, being the capital city is located on the island and has scenery made up of mountains and deep valleys with a beautiful coastline of white sand beaches and black reefs.
Around the island are numerous diving opportunities including exploring shipwrecks on the ocean floor, and the winds are perfect for windsurfing activities. The local people love their music and the islands hold many carnivals, live music venues can easily be found and folk music is a proud tradition.
If you do visit the islands don’t miss the salt mines in Sal, located inside a dormant volcano they are a must for every visitor. Fogo is a single volcanic peak whose slopes are marked with rivers of frozen lava and the beaches of Sal and Boa Vista are spectacular. There are plenty of water activities including surfing, water-skiing and scuba diving, these can easily be booked at your hotel and then relax on the beach with a bottle of the local rum.
Airlines have already established direct flights to Cape Verde from Europe, opening up the islands to international travelers which will assist its progression as a tourist destination and make the area an attractive choice for real estate investments.
Due to the islands natural beauty, friendly people and expected rising economy, the islands are attracting more and more interest from investors. Interest is being shown from all types of investors, including corporations looking for a new area to develop, business people in search of new opportunities and those wanting a holiday or second home. You will find inexpensive flights from Europe and once you are there, it’s hard not to fall in love with the islands.
Anyone looking to invest in a foreign country should really visit there themselves to experience it firsthand. Only you know what you require concerning climate, opportunities and people and taking the time to travel there will answer many of your questions. Once you have paid a visit and decide that it would be a good place to invest in then take a second trip and learn the business practices of the country, they will probably not be the same as in your home-country. If you are planning on running a business there be aware that business practices will be different than they are at home and learn their customs so as not to make mistakes.
If you compare Cape Verde to the rest of Europe properties are inexpensive, you can even find beach front properties still realistically priced. This gives investors the opportunity to establish a new business on the islands in expectation of the increase in tourism levels. Currently the islands are not set up for thousands of tourists and the opportunities are there for the picking. When you consider the low airfares, direct flights to the islands and the spectacular landscape on offer, it is obvious why Cape Verde Property Investments would be an excellent choice for individuals and corporations.
Glenn
