Very interested in real life cons to this approach to real estate investing.Thanks.Hi Pamela,Investing in a resort condo in vacation spots like Kissimmee or Orlando can be an appealing real estate venture due to the high tourist traffic and the potential for steady rental income.

My concern revolves around potential increases in taxes or fees for owning an investment property in NY while residing in FL.

We recently received a quote for a commercial property buy. I am looking to gather a few more quotes from local lenders. There are two tricky areas with this building and the buy:1) It is owned by the company operatin...

It's not so hard to manage an LTR from close by but if you're thinking of being more than an hour away, you might also need to factor in PM costs which might take away from your potential cash flow. 

I would also argue that there are plenty of landlords out there that have rentals which are currently below market rental price.I assume that this part of the tax code was created to prevent those with multiple homes from letting relatives live in one for almost free, while potentially hiding that rental income and not having it registered as a business and pocketing the money.  

After a while you learn the area and values and can easily spot a good value but for the most part we ignore the asking prices and send offers that make sense for OUR numbers and goals.We have to send a lot of offers yes but it ensures we don’t overpay or if we do pay full price it’s because we absolutely loved the asset and see growth potential.

Most should be able to give you an idea about what they will look for in you and a potential deal.You should look for money as hard as you look for properties.

I think a more prudent (and achievable goal, not to mention far less financially risky) would be to start free classes/seminars to teach them how to delay gratification, increase their education and earnings potential, find quality and affordable child care (perhaps creating a "swap group" within your group for free trade-off CC), learn how to properly manage finances, and all of the other tools needed before you can even begin to invest in real estate.

Interested in LTR’s, Multi-family, hard money lending, creative financing and potential partnerships     🏠 💵 📈

I wanted to create a checklist of potential major problems to look out for when considering older properties (pre-1960 build), especially regarding deferred capital expenditures.