> I'm new here, and I'm considering investing
> in property. However, I don't want to make
> any big mistakes. I was wondering if anyone
> has good advice on this topic. I've heard of
> many different ways, but I could really use
> some pointers in the right direction.

> If you have any advice for a newbie, or some
> books you recommend, I'd be grateful!

> Thanks, Lea

A great discussion for real estate investing is
is creonline.com

My general advice is do a cash on cash analysis
compare all your costs like purchase, repair,holding cost, closing cost and down payments to your net profit. Rule of thumb is
make sure you are getting at least 10% annual return on your money.

why?

Because you could take your cash and invest in a no load index stock fund and expect 10% return without having do anything whereas real estate you are taking on a part time job so you need to get paid more to make worthwhile.

Make sense?




real estate investing advice