Comments on: Real Estate Investing Niche

By: Administrator

Administrator — Sun, 25 Sep 2005 11:51:13 +0000

Alexander, if you can get these homes at a price that allows you to make a very good profit then it’s good. I have seen where builder start a “spec” home and than move on to a new development or simple run out of money. Often times, depending on the local market, you can get them at a good price.

By: Alexander Kintis

Alexander Kintis — Sat, 24 Sep 2005 21:34:09 +0000

Another option that people may like is buying pre-constructed houses. These types of purchases take a long time to be fully complete because, in essence, what you are doing is buying a lot of land which a construction company is building a house on. Also, there is a certain degree of customization which you can have, i.e. telling them you want wood floors, tile, the works, etc.

By: Administrator

Administrator — Sat, 24 Sep 2005 12:01:12 +0000

Alex, you make some very good points. Most novices don’t realize it takes time and effort, but the savings can be substantial.

Regards

By: Alexander Kintis

Alexander Kintis — Sat, 24 Sep 2005 03:58:01 +0000

For my investment I bought a small condo that was somewhat beat up. Many people who take this route, and buy property that is fixable, for a cheap price, can get a substantial discount off the final price. Or, if you and the seller decide that you will fix it up and incorporate it into the final price, that still works out. I bought my piece of property at about 10-20K cheaper than other pieces in the same area. Buyers be forewarned, this is a somewhat time-consuming responsibility – about a month working on it full time – which could get put off for months and months. If proper care is taken, a decent amount of money can be made. All this is based on, however, if one gets the mortgage for the property!