All Forum Posts by: Corazon B.

Oh yes, homelessness will be reduced for sure. You can basically purchase a home for $4,000 in the future. I even heard of China 3D printing an apt building in a matter of days. And even rockets are being built in such a short time. 
Do you think it's probably better to invest in 3D printing companies than it is to invest in real estate in the future?
Or invest money in vacant land?

In 30 years or so, with the creation of 3D printed houses, do you all think houses will depreciate? If so, how will real estate investors invest their money if they still want to be in the real estate industry? Will they invest on their own 3D printers to print houses? Invest on companies who own 3D printers? And will the cash return be attractive enough to invest?

3D Printed Homes and the Future of Real Estate

Do you guys have any recommendations on website resources where I can see if a neighborhood is doing well or not, if it has high crime rate or it is about to turn into a ghetto? Or maybe see the income of the majority of people living there?

@Brad M. , you said you own 2 homes in Fort Myers but you live in Ohio. How does that work out? I guess you have to hire a property manager that you really trust? What about if you need house repairs? Hiring a contractor, fixing the place and making sure that the money actually goes to repair can be difficult to monitor. When you say proper screening of tenants, do you mean you do background checks on them? Does the property manager that you hire do these checks?

@Stetson Miller , I want to stay away from loans simply because I really don’t want to go in debt. I mean what if I lose my job or my online business and unable to pay off the mortgage, I have to sell the house and possibly lose money. It is fear that is keeping me from getting a loan. I feel less risk paying everything cash.

@Christian D. , that is cool that numbers and people is what is drawing you to real estate investing. Because those things I’m really not used to. What is attracting me to real estate investing is I really don’t have to deal with a lot of people, I can just hire a reliable property manager to deal with tenants. And I can see money coming in every month if I get the right place. Correct me if I'm wrong....

Stetson, I am not fully set on buying a condo. Maybe as I learn more and more about the real estate business, I might go with the single family home. I have to do more research. Yea I get you man with the crazy association fees. So when a condo is rented out, do landlords include the association fees with the total rental cost?

And about purchasing a property in North Fort Myers or Lehigh, I’m not so sure about that because I don’t think those are the best areas because of crime rate and choice of schools. I’m looking more to purchase in Cape Coral or Fort Myers. If I was to purchase a single family home in these areas, I would need more than 120k though. That is why I'm looking to purchase a condo instead, unless I wait a few more years and then just go with the single family home. 

Chris, oh yea I will definitely continue learning. Good thing I find the real estate subject very interesting otherwise it will be very difficult for me to even pick up a book!

Christian, that is a great advice about making sure that the condo can be turned into a rental. So when looking for a condo, will the real estate agent inform you though if the condo can be rented out or not? Or should one ask the association directly? And yes, I agree with you that knowing the numbers will alleviate fear, gosh math ..I'm not that good in math, but thank goodness there are lots of different types of calculators for almost everything in the internet nowadays. :o

Hi,

I have never invested on a property before and I would like to get in the game just for passive income because I think it might be good for long term wealth/retirement. 
Next year, I am planning to invest on a property, and I believe I will be able to purchase a condo on which I will use to rent out. Currently, I have 70k in my savings and next year I should have enough money($120k) to pay cash for the condo. But what I am scared about is not purchasing the right condo at the right price and at the right location. And paying thousands of dollars on a property is daunting especially if I am not that knowledgeable in real estate. I read a few books and spoke to a few people yet I am still not that confident. How exactly do I know if the condo that I will purchase is a good deal? How do I know if what I am buying is at the right location and at the right price? I live in Fort Myers, Florida. Does right location mean there is low crime rate, no flood zone, and low unemployment rate? Does right price mean I must know what is the average per sq ft for houses in Florida and do my calculation on condos being sold making sure I get the best deal? Also, are condos better for rentals than single family homes? 

Any tips/advice would help. 

Great info! Thanks.