Any late payment affects your credit score which is extremely important at borrowing time.

If you don't have the time to do research or go to closings, you might want to consider reits....real estate investment trusts.

One tenant I'd only deal in cash b/c I could not trust her.

I guess he'd have to find someone he trusted and that trusted him, because he'd not only own 50% of whatever was purchased on paper, but he'd be on the hook for the loan..

There are charities that will list your TS for free but you continue to pay your fees until it sells and, as it is probably becoming clear, selling one of these things is extremely difficult.

Never trust the numbers provided by the listing agent when you are looking at investment properties.

Originally posted by "juzamjedi":Rental Rule of 100: Rent X 100 = max valueFor houses that you plan to flip you just need to find an appreciating marketFor houses that you intend to rehab you should look for low days on marketIt would be very hard to find one property in my area where this could be true.any 2 bed 1 bath condo is minimum 200k in my area, and we are not getting 2k a month in rent, i trust you.i know i have looked.

You can check out the official sites on Google.In that area are a number of gorgeous, INEXPENSIVE, houses (for instance around $265,000 for a NEW 3BR/2BA/2CAR 1700 sqft, large yard house, extremely well insulated.

He is very trusting of me in this respect so I am lucky to have him .

All forums have to deal with spammers, obviously - but IMO forums that are business related, such as this one, have to have stricter policies to maintain user trust.