All Forum Posts by: Vaishal Patel

Thanks scott..I was really confused on this topic..you explained it very neatly.....!!!

thanks Luke,ryan and jon for sources

can anyone tell me where can i get this book?

The area i am particularly interested in has a 8.8% vacancy rate...is it too high,average or low?

The limit for interest deduction is 2 properties.I am sure many of you guys here pay mortgageson more then 2 properties...is there any way you can take deduction on your 3rd and 4th property?

Hey kamal, i am also a newbie like you so i cant really help you but here is a good article i found which may help you.
http://statewideinvestmentproperties.com/real-estate-investment/return-on-investment/

So i was watching this tv show on hgtv called "My House Is Worth What"?,and this guy bought a house for about 1 million dollars,he did few renovations and improvements and its value appreciated to 2.5 million dollars..How is this possible?Is this even possible in real life or only tv shows?Just curious :)

Btw heres the link if you want to see it(episode name:cash for kitchen):Video is divided into 3 stories,the part i am talking about starts at about 14:00

http://www.hgtv.com/hgtv32/videos/index.html

What do you look for when buying a rental property?Location?good cash on cash return? good positive cash flow? anything else??

Besides saving and paying extra money every month and biweekly payments,is there any other way to payoff mortgage faster?My goal is to own atleast 50 rental properties(all paid off) by 2035(i know pretty ambitious but i think its achievable).what plan/strategy do you recommend?is it good or bad to pay off mortgage faster?do you pay off your mortgage faster or not and what strategies do you use?Thanks :)