Always keeping a toe in the real estate water in case a really strong deal comes along.

Hello Everyone - I was just notified that a user by the name "koffi4love" has been spamming many of you through our Private Messaging System.

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

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.

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

You can do 'in-season use' during the week, and not give up much income either, as weekends are always more popular anyway, you pick which days your unit is 'off the market' and they just make your unit 'booked' in their hotel system those days.2% rule is so far away I'm ashamed to ask about it.Cost: 195,000Annual Costs:Taxes 1633Gross Rents 2012: 24,300Annual Condo Fee: 6000Pay 22% to the front desk: 5400Pay maid fee for booked nights: 2000Pay parking fee for booked nights: 1050Electric: 1200Netting: ~7200/year or $600/month for P+Iso... to get to cashflow neutral ASSUMING NO ADDITIONAL REPAIRS(which is quite a bad assumption).

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.

I have a question about the MLS system.

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