Comments on: How I Started Investing In Real Estate

By: credit card debt

credit card debt — Wed, 28 Mar 2007 11:23:00 +0000

That’s an inspiring story! I think that’s what you call the american dream!

By: Anonymous

Anonymous — Sat, 15 Apr 2006 22:00:00 +0000

Dear Blogger and Anonymous:
That’s so interesting! Thanks for sharing. I think that 1998-2005 have been really unusual years in RE, the likes of which we won’t see in another 12-15 years at a minimum, in fact, it may be decades before we witness another craze like this, with prices going up for more than 20% for several years in a row. All those rent signs in (traditionally undesirable) desert communities are a clear sign that a lot of people got in the party a bit late. So, lots of “investors” will be holding mortgages worth a lot more than their properties, in a context of declining rent incomes. It may be worth considering buying in those places after the dirt settles, meaning after prices drop.

By: Anonymous

Anonymous — Sun, 15 Jan 2006 01:28:00 +0000

I was up in Boise the past 2 weeks looking for homes as investments, no way would I buy there now. my brother bought 3 homes in late aug. 05, meridian area, for $137,500 to 140,000 newer within 7 yrs old, 1,200 sq as smallest. the same size homes in same neighborhood are now going at 185,000 to 193,000. all the agents up there are saying what a great deal and you can rent out for 950- 1,100 a month. Well at my P& I, ins & taxes, that may be fine, But and the real word is But, checking many, many homes in same area for rent, rents are down to 750- 850 month and taking 3 months to rent. This i do not call any deals, i am now looking at Palmdale to buy in as i can get homes there for 185,000 -200,000, just as nice as boise, BUT can rent them out for $1,600 to $1,900 a month, now that I call a investment. I have never seen so many rental signs out as i have these past 2 weeks up there. Seems like every 4th home on a street has a for rent sign out front. What a sorry mess you agents have done to that city and area. Regards, Dan Winters, investor from Calif.