All Forum Posts by: Galit Garsiel

Someone told me you can't trust a real estate investment advisor, because they want to make money and don't care about your interests. I don't know whether this is true or not. And their advice costs money. From your experience, is a real estate investment advisor worth it?

In the town, where I live, there are buses that take you to the big city. Bus stations are everywhere. But they're building an easy train thirteen minutes walk from my building. 

There are bus stations much closer than that, some two minutes walk from my building. They go to the big city, where the train will go. 

The question is, will the train that will be ready in a few months raise property value, and to what extent? Taken into account that most people have cars, and as I mentioned, there have always been bus stations anyway. 

If I sell my apartment, buy an apartment in need of rehab, and pay professionals to do the rehab, then sell it, can I still make money?

Because I know a lot of house flippers do at least some of the rehab themselves, which helps them save money. I can't even paint. And there are all these costs, paying a real estate lawyer, real estate agent, taxes, etc. 

When buying a smaller home and building a room or two as an addition, when I pay someone to do it, and then sell it, is it worth the investment?

Adding legally, of course, with all permits required. 

If you have 500k, and you want to buy and rent, which is more profitable, buying two houses for 250k and renting them out, or buying one house for 500k and renting out? 

Which method will bring more money? Will it take less time to rent out 250k houses?

And which improvements are NOT worth it?

When buying a house in a horrible condition that needs plenty of fixing, will the cost of the renovation be as high as the cost of buying a better house that doesn't need fixing?

Say I want to buy a house to rent it out. If I buy a derelict house, fix it up until it can be rented out at a certain price, say 700$, or buying a house in good condition that can be rented out at 700$ without renovation? What costs less? What is more profitable?