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it is like stocks...

there is no bad time...
when the market sours...try finding properties that cash flow monthly until the market gets better.

real estate professional invest no just their state but other states to find great deals or investments!

you just need to search more in your state or others..
thanks

sunsmicro

and studying your area is the key to success
many people thinks they need to go better cities or states
however, the best place can be your back door!

please study your area...ask realtors about comps and what they think...
and you will be okay...
thanks

sunsmicro

as long as you don't go negative...i say congrads!!

however, try finding properties that cash flow monthly...over time this will make you more money.

this investment isn't bad...over time as inflation of rent increase...you will see positive cash flow...

great job...
thanks

sunsmicro

many people do not think of the exit strategy....
are you going to sell it within 2 years.... (try for ARM, or interest only)

are you going to flip it in a month or so... (try hard money or 100% finance)

Is it positive cash flow you want to keep for a long time...(then a fixed 30 or 40 year is the way to do)

the quicker you want to sell it....put less cash
the longer you want to keep it....put more cash

thanks goodluck to you

sunsmicro

and find out what the expense are...
these are information that could be found easily...

just subtract the income from expense and you will see your numbers...

good luck
sunsmicro

florida like other booming real estate states have seen good times...
however, they will be falling or then to be flat for couple years.
find properties in your area that has cash flow monthly...for a few years and later switch to better prime location...
a great investor knows when to move money around...

i have pulled my money out of hawaii and california and put them into states that has less to do with appreciation (negative cash flow) and switch them to states that generate positive cash flow.... (less appreciation seen)

good luck to you
sunsmicro

it depends if its a buyer's market and seller's market...
in a seller's market you can see buyers paying more...and vice versa

thanks
sunsmicro

a rule of thumb is...
states that have high property tax will have lower sale price
and states that have lower property tax will see higher sale price.

texas in general have higher property tax than other states...

the best way is to check the local newspaper...i alway tend to pick on up and check the local market in that city.

the newspaper is a good source many don't use...

thanks
sunsmicro

usually mentors who are hired are working for money...
mentors that are helping you are well off and have the intention of truely helping you.
do not hire....but found someone near you!
This site and others here such as myself will be there when you have questions...

goodluck
thanks

sunsmicro

Usually low ball will get no response or rejected flat out.
However, a good rule i have used is trying to shave off at least 10% from the sale price.
In some seller's market, this is harder to do and might be less.
however, in a buyer's market i would start with a 15% reduction...
after a counteroffer, you know that the seller is willing to talk more on price rather than just rejecting your offer period.

Its something i been doing and been sucessful...give it a try.
thanks

sunsmicro