Choices Of Investments
Still trying to figure out what type of property I should invest in.
Ok. So still going in circles on what type of investment would best suit me? So I wanted to get an idea on how other investors is doing it. Lately I’ve been looking at areas closer to major metropolitan areas and usually looking at SFR in nicer areas. Also mainly areas where I feel have the best opportunity for appreciation. But no matter how I work it, the numbers just don’t work for those types of situations.
So I turn to the area where I see could give me positive cash flow. But they are mostly multi-unit complexes in not so nice areas or areas with not much new development. But these are cheap housing and monthly rents are low. But in the end it would give positive cash flow. The negatives, I’m sure would be dealing with below average tenants and the units would be more prone to problems like non-paying renters and vacancies.
That is why I was originally looking at SFR in good areas. Any advice for a beginner? Also one important thing is I am an out of state investor. Being in California makes it very difficult for me to excel in nearby areas.
[ Edited by SoonEnough on Date 03/31/2006 ]
Are you looking for cash flow or long term appreication?
Well. Appreciation is always something I would like to have but positive cash flow is first priority. Appreciation would just be a bonus.
Thanks. Any advice for investing out of state? I know a good property management is crucial but there must be more.
What about dealing with evictions or non payments? Even a good property manager can only do so much