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| dman81 |
 Posted: Mon Jan 02, 2006 1:13 pm Post subject: Out of State Real Estate |
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Investing Sr. Associate
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Does anyone have experience? My friend just purchased 2 homes in Houston, TX and is basically letting the homes pay themselves off.
I was thinking of perhaps just purchasing a home within the state but away from the housing boom. Would that be a pretty good idea? Give some cash down so that the house leaves a positive cash flow of $300+. |
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| stockmarkettips |
| Posted: Thu Jan 05, 2006 1:37 pm Post subject: |
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Investing Manager
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| Where do you search online for homes in Texas? |
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| frusnak |
| Posted: Thu Jan 05, 2006 3:11 pm Post subject: |
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CFO
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Check on national realestate company web sites, on line newspaper classifieds and any search engine will get you started!  |
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| crazymonk |
| Posted: Fri Apr 28, 2006 3:04 am Post subject: |
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Investing Sr. Associate
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| stockmarkettips wrote: | | Where do you search online for homes in Texas? |
realtor.com is good, a couple days behind the market though. We bought a house in Texas too. Beside the changing weather, bad foundation, high property tax, weird laws, Texas is a good place to live |
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| annjohn2 |
| Posted: Sat Feb 21, 2009 4:56 pm Post subject: |
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Investing Associate
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| I decided it was not very ethical to buy tax liens in Texas. The intrest rate is too high! |
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| Rental Lease |
| Posted: Sat Nov 28, 2009 8:54 am Post subject: Rental Investment Performance Calculator |
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Ideally, you want to find an area with a strong rental market but an affordable buying market (easier said than done).
You can check out Rentometer Pro for market rents, and you can get real estate sales trends on Zillow. Also, I know EZ Landlord Forms has buried in its site a rental investment performance calculator (here's a link to help find it easier).
As a general piece of advice, multi-unit buildings tend to have better cash flow than single family residences.
Best of luck with your rental investing!
Cheers,
_____________________
This Guy |
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| blackfoxtrade |
| Posted: Sat Nov 28, 2009 4:58 pm Post subject: Re: Out of State Real Estate |
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Associate
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| dman81 wrote: | | Give some cash down so that the house leaves a positive cash flow of $300+. |
Get ready for tax increases. The government will do anything to 'boost' revenues and landlords are the next ones in line. Not trying to be a doomer or anything, just pointing out a possible rake in the grass you would want to avoid stepping on. |
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