Comments on: Top 10 Tips For Real Estate Investors

By: Brian Kline

Brian Kline — Fri, 16 May 2014 18:16:19 +0000

Hi Bill,
I can’t make specific recommendations because of possible liability reasons. There are countless websites offering hard money loans, private loans, and equity partnerships. With a little research you should be able to find one matching your specific needs.
Brian Kline

By: Brian Kline

Brian Kline — Fri, 16 May 2014 18:13:53 +0000

Thanks Bill,
I suggest that you find a good realtor in any local market you are interested in. He or she should have the local information you are looking for.
Brian Kline

By: Bill H

Bill H — Fri, 16 May 2014 18:09:18 +0000

Question: I am curious to know if there is a “rule of thumb” for residential real estate where the rent s/b X% of the current market value? I understand property values and rents will vary depending on local areas, but is there a conservative number as a percentage that one would expect to see at least as a baseline, where it would vary up or down depending on local conditions? Another question: where would I go to get a complete picture of the local real estate market conditions, including number of homes for sale vs sold in the last year, average length of time listed before sold, vacancy rates, rental property, etc.? Where would be the best place to start?

By: Bill H

Bill H — Fri, 16 May 2014 16:35:11 +0000

I would like to learn more about: “…easy to find private lenders who will put up the money to buy investment properties using equity participation financing.” Where would you recommend the best place to start for someone new to real estate investing?

By: Brian Kline

Brian Kline — Thu, 15 May 2014 20:52:05 +0000

Thanks Uwe,
That’s sound advice.
Brian

By: Uwe Jacobs

Uwe Jacobs — Thu, 15 May 2014 20:43:22 +0000

I certainly agree with the opening statement; not a get rich quick scheme AND in my books it’s about the only way to get rich with some degree of certainty if you follow a well thought out plan. For what it’s worth let’s bring it right down to basics. Here is our (Australian) formula:
1) Know where you are at
2) Know where you want go
3) Device a Plan/Structure
4) (often forgotten) Check that one is prepared to do what it takes to follow the Plan to reach the Goal….
Simple and so worthwhile.
Regards Uwe Jacobs
Director of Property Friends Melbourne / Australia

By: Brian Kline

Brian Kline — Fri, 09 May 2014 15:02:16 +0000

Jackie, Thanks for the comment.

By: Jackie Lange

Jackie Lange — Wed, 07 May 2014 14:50:50 +0000

It is really not necessary to get institutional financing to buy investment properties. You have to jump through a lot of hoops and pay high loan fees. Plus you are usually personally liable for the loan.

Instead, you can buy with seller financing when you are dealing directly with the owner of the property. You will often get a much better interest rate and term too. If that’s not available, it is also easy to find private lenders who will put up the money to buy investment properties using equity participation financing.