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Investment Property – Find Yourself A New Condo

By Marie Pillsbury

The benefit of investment property is that you can build for yourself and your family, positive cash flow. This simply means that you take in more money than you send out.[I:]

For instance, if the property you rent out has a loan payment of one thousand dollars per month, and you rent the house for eleven hundred dollars per month, then you have a one hundred dollar positive cash flow. As you can see, this is a great benefit of investing in real estate.

There are many ways you can find good deals on homes you can buy and rent out for a profit. You can look at the foreclosure market. The country is experiencing a large number of foreclosures because many people have lost their jobs and cannot pay their home loans.

Some signed up with variable mortgage rates and when their monthly home payment increased, they were not able to pay the extra amount and lost their home to foreclosure. Some people counted on the hope that their home would appreciate in value and that they would be able to refinance at have a lower home payment. But many did not count on their home going down in value and not being able to refinance.

These are only some of the reasons banks have a large inventory of foreclosed property. Many of these foreclosures need repair because the homes were allowed to go into disrepair by the people who realized they had to leave soon and chose not to take care of the house. But you can find homes that are in good to fair condition in the foreclosed market.

You need to decide the time frame for your land investment. Will you be in it for the short term or for the long term. If you are looking at long term investment, twenty years or longer, you should calculate the repairs you will need to pay for over the years.

You will need to replace the roof over the years and you will need to buy new appliances every five years or so. You have to decide that you want to be a landlord. You have to be ready to deal with difficult tenants and in some extreme cases you will have to evict people who refuse to pay the rent.

You need to figure that you will have various expenses if you plan to keep the property as a long term investment. The positive side of long term ownership is that you will be able to weather any drops in the real estate market. Real property tends to appreciate over the years and if you hold onto the land for the long term you will not be affected by a sudden drop in the property values compared to if you were only keeping a parcel of land for five years or less.

If you are serious about real estate investment, join your local real estate investors club. There are many clubs in major metropolitan areas that feature guest speakers who are experts on various subjects from short sales to buying foreclosures from the bank in bulk. This is a business you can do part time so if you have a full time job, you will be able to run your business and still keep your day job.

How to make yourInvestment Property worth it, visit this page New Condo and you will learn more great things.

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Article Citation
MLA Style Citation:
Pillsbury, Marie "Investment Property – Find Yourself A New Condo." Investment Property – Find Yourself A New Condo. 12 Jul. 2010. 3 Aug 2014 <>.

APA Style Citation:
Pillsbury, M (2010, July 12). Investment Property – Find Yourself A New Condo. Retrieved August 3, 2014, from

Chicago Style Citation:
Pillsbury, Marie "Investment Property – Find Yourself A New Condo"

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