Updated almost 5 years ago on . Most recent reply
A beginner frustration
I am a beginner who is very frustrated in how to do well in investing I'm a beginner who read some books and did some research online. I'm interested in multifamily buildings. I want cash flow with the potential of raise in rent and appreciation of property. However, it is quite frustrating for me to spot out a good investment. I know location is important, but good location usually means huge price and the rental yield is probably low. If the location is not good, the price is low, rental yield is probably "good", but the property may face huge depreciation. Even I have chosen a location, I need to find agents, brokers, sellers to find good deals. Although the numbers maybe look "good", it may not be good only if a thorough due diligence is conducted. However, it costs lots of money. What if the properties are not worthy and I wasted lots of money. It can be lucky to find good property. But what if I find 10 "good-looking" properties, and it may already eat up my savings to do due diligence. So l'm so frustrated and don't know what to do.
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#3 Managing Your Property Contributor
You are only buying one place at a time and run the numbers before you look at it. The only money it will cost is if you put an offer in and it is accepted. Then you need to pay for the inspection. ALL houses will have problems, it is knowing what can be fixed easily and what you can use to lower the sales price.