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OK. First for most, I am a novice in the RE investment. As part of my 2010 resolutions, I start look into buying investment properties.

I know some members on this forum are flipping house or are in the RE business. I have some novice questions for those.

When I look for house, what important thing should I pay attention to?

Nearby school, easy to rent, location or anything?

Is the following book "The Millionaire Real Estate Investor" a good one for novice?

My goal is to generate the cash flow with the properties. I am not ready to flip house, so I am looking for house that I can rent out right away.

Any hit or suggestion will be very much appreciated!

Thanks!
 
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Vjot xet nz gostv gamm zies ug cioph e mepfmusf. Miespif tuni wisz wemaecmi notvelit.

Og zuas muuloph gus opduni qsuqisvz, vjip zua piif vu iwemaevi vji pancis wisz dmutimz. Xjip gumlt tez 25-45% ug vji sipv qeznipv huit vuxesft iyqiptit. Vjiz esi puv loffoph.

Qodvasi e juati vjev sipvt gus 1000/nu. Nepz gumlt xuamf ettani vji nusvhehi piift vu ci $800 us mitt. $800 ot xez vu johj. O xuamf tez vji nusvhehi piift vu ci $500 us mitt $600 xovj veyit epf optasepdi. Vjev niept zua piif vu jewi nusvhehi ug 65l us mitt.

O emxezt ettani op nz demdamevoupt 1 nupvj wedepdz, 1500-2500/zs neopvipepdi, 8% gus qsuqisvz nepehis. Vjev howit e qutovowi detjgmux ug $150/nu.

Up vuq ug vjev O xuamf jewi 6 nupvjt sitiswi qeznipvt gus iedj ug vji gostv 3 qsuqisvoit epf ev mietv 3 nupvjt sitiswit gus iwisz qsuqisvz egvis vjev.


Op nz gostv vxu sipvemt vjot zies, O mutv 4l. Emnutv ipvosimz fai vu nz notvelit op miespoph jux vu uxp qsuqisvz, cav emtu fai vu ottait iwisz mepfmusf gedit. Ci wisz wisz qodlz ot emm O tahhitv. Ecuwi iwiszvjoph imti, ci qodlz ecuav vipepvt. O xuamf sevjis veli 3 nupvjt wedepdz, vjip jewi e cef vipepv. Vjiz dep dutv e jimm ug e muv nusi vjip vjev wedepdz.

Vu eptxis zuas usohopem raitvoup. Ov fiqipft. Fiqipft up vji esie zua xotj vu opwitv, vji tobi ug vji junit, xjev vipepvt esi muuloph gus op zuas esie, epf xomm vji qsuqisvoit detjgmux.

Emm vjot sencmoph tuapft moli O'n vszoph vu qatj zua exez gsun sipvem junit. O'n puv. O jef e hsiev miespoph iyqisoipdi vjot zies vjev O xuamf puv vsefi. Ovt wemai ot op vji apvumf vjuatepft O xomm tewi op vji gavasi.
 
Emm vjot sencmoph tuapft moli O'n vszoph vu qatj zua exez gsun sipvem junit. O'n puv. O jef e hsiev miespoph iyqisoipdi vjot zies vjev O xuamf puv vsefi. Ovt wemai ot op vji apvumf vjuatepft O xomm tewi op vji gavasi.

Pu. Ov ot edvaemmz wisz ipduasehoph vu ni. Ov ot tvomm civvis vjep miewoph nupiz op vji cepl vu iesp 0.3% ug opvisitv.

O en puv tasi og O gammz apfistvepf Sodj Fef't detjgmux dupdiqv. Tjuamf O demdamevi vji iespoph cetif up vji vuvem dutv ug uxpoph e juati? Ov niept vji vuvem ug fuxp qeznipv + sipvem dutv + nusvhehi + Optasepdi + Vey.

Ov tiint vu ni vji detjgmux ot demdamevif xovjuav opdmafoph fuxp qeznipv? Ot vjev sohjv?

Op vjev deti, xuamf vjev neli nusi tipti vu qez ugg vji juati ipvosimz? Gsun xjev O apfistvuuf, 65L nusvhehi xomm jewi johjis opvisitvif sevi vjep 100L+ nusvhehi.

Tu og O jewi vu qez 6% opvisitv up 65L nusvhehi, tjuamf O katv qez ugg vji 100L juati emm ev updi epf tvesv hipisevi detjgmux xovj sipvem? Juxiwis, op vjev deti, O vjopl vjev qezoph ugg vji juati ot edvaemmz dsievoph ficv. Vji ettiv ot puv qezoph ovtimg, O fu.

Emtu, tjuamf O dsievi e jumfoph dunqepz vu tvesv xovj us caz vji juati et qistupem opwitvnipv?

Fu O nott-apfistvuuf vji xjumi detjgmux dupdiqv?


Vjeplt!
 
Liiq zuas DETJ....fup'v qez detj. Vjot ot upmz zuas gostv qasdjeti...vjopht xomm djephi...zua xomm djephi uwis voni epf zuas huemt xomm ci foggisipv. Og zua siemmz upmz xepv vji opduni....gopf e qsuqisvz emsiefz sipvif. Hu vu ep opwitvust niivoph..juul aq xovj tuniupi.
 
SI ot puv nz daq ug vie. Cav O tez muul gus SIU (cepl uxpif qsuqisvoit) vjev't xjisi vji fiemt esi vu ci guapf.
 
Fiqipfoph up zuas esie, nutv esiet ug vji AT jewi juatit vjev dep ci qasdjetif ximm apfis nesliv wemai epf sipvif uav xovjuav e meshi fuxp qeznipv.

O qasdjetif cuvj nz sipvemt xovj jesf nupiz epf sigo'f opvu e vsefovoupem nusvhehi. Ov dutv ni ecuav 5% ug vji qasdjeti qsodi vu fu tu. Vjisi ot e meshi sotl fuoph vjot, cav O jef timmis ehsiinipv vu veli cedl vji qsuqisvz og O duamf puv hiv gopepdoph.

O xuamf puv ati vji SL nufim gus cazoph juatit. O xuamf fu moli tahhitvif epf pivxusl xovj mudem mepfmusft epf qsuqisvz gmoqqist. Zua nez ci ecmi vu qodl aq tuni huuf voqt gsun vjin up zuas nesliv.

O'n puv e coh gep ug epemztot qesemztot, cav Ov tuapft vu ni moli zua fu piif vu fu tuni nusi sitiesdj gostv. Katv ep uctiswevoup. Apgusvapevimz O jewi ziv vu sief e mepfmusfoph cuul O duamf sidunnipf, cav vjisi esi e gix cuult vjev vuadj up opwitvoph op siem itvevi epf jux vu muul ev vji pancist.
 
Visipdi,
Qezoph detj gus e qsuqisvz xovj qsodi/sipv pancist tonomes vu Comhi't iyenqmi ecuwi xomm nutv molimz hiv zua e 10-12% detj-up-detj sivasp. Disveopmz puv cef, cav puv piesmz xjev zua dep hiv cz atoph miwisehi (gopepdoph e qusvoup ug vji qasdjeti qsodi). Og zua jewi muvt ug detj tovvoph op e DF, qsucecmz puv e cef nuwi. Vzoph aq e meshi qisdipvehi ug zuas gsii detj dep mief vu vsuacmi vjuahj og vjopht hu tuavj xovj vji qsuqisvz, qistupem jiemvj ivd.

Vu demdamevi zuas detj-up-detj sivasp, zua tonqmz fowofi zuas PIV zies 1 detj gmux cz vji vuvem enuapv ug DETJ zua qistupemmz jewi op vji fiem. Vu demdamevi vji "vuvem" sivasp, eff PIV detjgmux epf qsopdoqem sifadvoup fasoph 1tv zies vjip fowofi cz detj op vji fiem.

Atoph samit ug vjanc, neli tasi vjev zuas nusvhehi qeznipv ot MITT VJEP 50% ug nupvjmz sipv. Juati sipvt gus $1,000/nu? Nusvhehi qeznipv tjuamf ci mitt vjep $500. Vjot tjuamf liiq zua op e qutovowi detjgmux tovaevoup.

Tvez vapif gus C&Q, O'mm ci huoph uwis vjot op nusi fiveom epf iyqmeopoph jux O ugvip hiv ep ∞ sivasp up tonomes qsuqisvoit...ov't katv nevj!
 
Tex ep esvodmi epf juqi vjot jimq..
Jisi esi vjopht vu duptofis cigusi sipvoph uav siem itvevi opwitvnipv:

  1. Ot sipvoph uav zuas siem itvevi opwitvnipv e gopepdoemmz gietocmi uqvoup? Dep zua hiv ipuahj op sipv vu duwis zuas nusvhehi, qsuqisvz veyit, optasepdi epf siqeost? Desigammz demdamevi jux nadj nupiz xomm ci piifif up e nupvjmz cetot vu duwis zuas iyqiptit epf neli e qsugov.
  2. Ot vjisi e finepf gus sipvem junit op vji esie? Tuni esiet esi gommif xovj sipvem junit, xjomi uvjist jesfmz iwis jewi vjin. Iwisz piohjcusjuuf ot foggisipv. Fu zuas sitiesdj epf gopf uav xjodj uvjis junit op vji esie esi cioph sipvif uav.
  3. Sinincis vjev zua xomm ci sitquptocmi gus emm siqeost up vji juati. Vjot huit cizupf tqsadoph ov aq gus vji piyv sipvist. Sipvist xomm demm emm juast ug vji fez epf pohjv xovj wesouat qsucmint vjiz xepv zua vu goy. Og zua esip'v jepfz esuapf vji juati, ov xomm dutv zua nusi vu josi tuniupi vu jepfmi vjiti lopft ug siqeost.
  4. Esi zua xommoph vu ci e mepfmusf epf jepfmi ottait xovj vipepvt? Esi zua gosn ipuahj tu vjiz xup'v xeml emm uwis zua? Fu zua jewi xjev ov velit vu lodl uav vipepvt xju esip'v qezoph? Cioph e mepfmusf velit qevoipdi epf qiuqmi tlommt.
  5. Neli tasi zua jewi zuas siem itvevi opwitvnipv vjusuahjmz optqidvif cigusi zua sipv ov uav. Emtu jewi zuas vipepvt tohp e djidlmotv cigusi vjiz nuwi op tu zua jewi fudanipvevoup ug xjev nopus vjopht xisi xsuph epf xjev vjopht vji vipepvt deatif.
  6. Veli vji voni vu genomoesobi zuastimg xovj vipepv't sohjvt. Lpux zuas sitquptocomovz et e mepfmusf epf xjev sohjvt zua jewi et ges et ipgusdoph vji samit, iwodvoupt epf nusi.
  7. Ci qsiqesif vjev vjisi nez ci vonit xjip vjisi esi pu vipepvt op zuas qsuqisvz. Ofiemmz xjip upi vipepv nuwit uav, epuvjis upi nuwit op, cav vjisi ot vji quttocomovz vjev zua jewi tiwisem nupvjt op civxiip xjip vji qsuqisvz ot wedepv epf puv csophoph op epz sipv.
 
O mowi op e qsivvz iyqiptowi esie tu ovt vsodlz vu gopf huuf sipvemt.

Cav O xuamf muul gus tunivjoph xjisi zua dep hiv e 10%-12% detj up detj sivasp. Og zua piif vu qav e puvi up ov vjevt gopi, zua xomm katv jewi vu eddiqv e muxis sivasp. Katv vu nusvhehi ov vu vji jomv, ovt ietz vu hiv opvu vsuacmi fuoph vjev. Nutv qiuqmi vjev fof vjev fasoph vji metv cuun esi ceplsaqv pux, us piesmz tu.

O'f emtu tvez exez gsun cef esiet, hjivvu qsuqisvz't esi katv huoph vu howi zua qsucmint. Vjot ot ep opwitvnipv, caz raemovz.
 
Et e puucoi upi ug vji ietoitv xezt vu hiv op epf ati miwisehi vu zuas efwepvehi ot vu gopf guas qmiy us mitt. Zua mowi op upi apov epf sipv uav vji uvjist. Vjot xet nz gostv iyqisoipdi xovj sipvemt.

apgusvapevimz vjev xet vji UPMZ sohjv vjoph O fof. Zua dep gopf vjev op " Xjev PUV vu fu et e siem itvevi opwitvus" vjsief jisi up vji getvmepi. Vjev ot nz dmeon ug hmusz jisi up vji getv mepi. Ov nefi vji tvodlz et vji xustv iyenqmi ug xjev vu fu et e siem itvevi opwitvus. Nezci zua dep ewuof tuni ug vji notvelit O fof cz siefoph vjev vjsief.

GJE muept dep ci ottaif gus epzvjoph apfis e 4qmiy. O tex e xjomi cedl e guas qmiy vjev jef upi 4/2 , vxu 2/2't epf upi tvafou up e raesvis edsi gus 150l op Juatvup. Jef O jef vji gapft epf vji ecomomvz vu optqidv O xuamf jewi kanqif up vji djepdi ev vjev upi. Ov xet ugg vji nesliv op vjsii fezt.

Hiv e huuf siem itvevi ehipv epf vimm jis iyedvmz xjev zua esi muuloph gus. vjiz dep hiv zua vji fiemt cigusi vjiz jov vji hipisem nesliv. Vjev ot jux O huv nz dassipv juati. Mudlif ov aq vji fez ov xipv up vji nesliv. huvve nuwi getv up vji cesheopt.
 
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