10 Nov 06
No I dont' think it's a easy way of making money. You have to invest a large amount of money (usually over $200000) and you need to find good tenants. Not only do you have to make sure paying your mortgage, but you have to pay the property taxes , ect. You have to maintain the place such as the plumbing, water leaks, ect. So I don't think it is easy but you can money over the years.
• United States
11 Nov 06
Actually your investment can be as low as 20%. As far as finding tenants, many investors will purchase foreclosures or pre-foreclosures and fix them up and put them right back on the market. Keep in mind there is no such thing as easy money, investment is about risk and the return you get on that risk.
25 May 07
It depends upon region to region and places to places. if you are sure about the future growth of a particular area then there is no harm in investing in real estate. I too think real estate is a good business if you invest wisely considering each and every thing them returs are very fast. my problem is that i don't have money to invest. as the saying is also true money makes the mare go. I think its better to invest your money in land other than putting it in bank. as the chances of loss are very rare in real estate business. If you want to increase you income you can sell constructed houses instead just dealing with open plots. this idea is alos working great depending upon the area where the land is situated and the trend of houses wether people like to build there houses at their own or will they prefer ready made house on turn key bases. as in this busy world no one has time . so we can take advantage..happy mylotting this is a advice of an architect to you.