I'm a newbie here and have been on an Australian version and wanted to expand my reach to International waters.

Do you havea plan of waiting for prices to drop and then acquire somenice properties?

I already know where I want to buy, it's just a matter of going through the hunting process to find a decent deal, and then fill in all the blanks as to what's involved in buying a property (i'm tellin' ya, i'm a major newbie, but that's part of buying this property, to get a little more than my toe in the RE water).daniel

Some other ways to make money on your rental properties:-coin laundry in the basement or each unit-offer Internet service for a fee; while water, cable, phone, electric are all regulated and you cannot sell at a profit to your tenants, Internet service is still unregulated.

You don't want to be forking out thousands in refi costs just to have rates drop again a year later.

Stay away from apartments or multi units until you test the water and make sure you are going to like the business.

The estimated cash flow is $4k/month with a list price of $375k.Of course I'm hestitant on my first endevaor and I'm feeling the waters right now one toe at a time.

As more information is available to the public and more competition comes into the marketplace comissions will continue to drop.

If anyone has more info on what alternatives are being proposed, please drop a post or a link.

These lots will retail at $250,000 to $280,000.00 with water view and $85,000.00 for the interior lots.