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Real estate
How do you recognize a good real estate investment opportunity?
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[QUOTE="cmoneyspinner, post: 196666, member: 25593"] When my late husband worked in real estate, for investment properties he looked for what was called a “bread and butter property” (usually a 3 bedroom with 1 and ½ baths, and a garage). These are single-family homes that are very easy to rent. In Texas, they have an expression called “the price of the dirt”. That means your rental property may not be in “tip top” condition, but because of where it is located, you don't have to charge a lower amount for the rent. Tenants are willing to pay because the property is located near good schools, grocery shopping is convenient, public transportation is easily accessible, etc. If you already know how to research the market value of your property to see if you're being offered a good price, then your next step is to check out the neighborhood very thoroughly. Nobody wants to rent a good house in a bad neighborhood! [/QUOTE]
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How do you recognize a good real estate investment opportunity?
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