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Updated about 9 years ago,
I'm a new investor looking for a startup strategy.
Hello,
My name is Matthew and I'm am looking to jump into real estate but, I have a couple of question as to investing in property.
1.) When bidding on a house and you find that there are building code violations, do you - by law - as a new owner have to address these issues? I'm sure it's a stupid question I'm just trying to figure out if I can just short sell a home.
2.) Would it be better to buy a rehad and upgrade the home or should I go for the low risk home as I am a new investor?
3.) What should I look for in terms of whether or not to invest in a market?
4.) And I know that this maybe just an amatuer question but, I'm just curious to know whether or not changing weather patterns can greatly affect an area? For example, I live in Boston and the winter last year was unbearable with record snowfall. If this is a growing trend of severe weather storms would that have any impact on whether to buy or sell in that market? This just goes back to my experience with stock market. If you invest in agriculture and a severe drought happens, say goodbye to your investments. I'm just wondering if the housing markets happens the same way.