I recently sold my house for about 225k and I have that available to invest. I am looking to invest it in real estate but have never owned rental properties in the past.

I am thinking of finding 4-5 homes that are bank owned or maybe foreclosed and putting 25% of each one and renting them out to pay the mortgage and waiting about 5 years for the market to come back and than selling them.

Any advice or opinions you have for me would be GREATLY appreciated.

 

  • AnnB 9:08 am on March 18, 2010

    I would say that investing in properties right now isn’t as great as it sounds, there are better ways to make money on the money that you have. Also, if you want to invest in that many properties, you will need more money and some back up assests. Be careful here when people answer, there are a lot of business people who don’t want to give you the best advice, they just want to get you to invest in their business or give your money to their company. Email me at my profile and I can tell you of a great investment that will return more money that you would get on real estate. It is not a business and no risk at all, also no property involved. Your investment is guaranteed which is not typical in this economy. Your return on a $225,000 investment would be $72,000. Its at least worth finding out about.

  • zeuz 9:08 am on March 18, 2010

    As soon as you buy the 2nd property as a rental, you’ll find the bank will insist upon 40% to 50% downpayment as you will be deemed an investor.

  • JohnLydic 9:08 am on March 18, 2010

    Hey, Fam!

    I’m a real estate wholesaler who might be looking for a funding partner for a wholesale operation in San Antonio.

    Send me your email address, and I’ll send you my eBook. It will give you a good idea of who I am and what I do. The book focuses on wholesaling by tying up contracts, which is how I got started. However, buying from the banks is a much easier route.

    A practical ROI would be 18% – 30% annually, or $36,000 to $60,000 per year on a $200,000 investment. It can be virtually hands-off on your part and give you an excuse to visit San Antonio once in a while. I have a business plan I can share with you, too.

    Thought I’d throw it out there.

    John Lydic
    440-454-4321
    wholesaleproperties@cox.net
    http://www.myspace.com/i8hotpizza
    http://www.real-estate-wholesaling.com
    http://www.how-to-wholesale-houses.com

  • Yuval 9:08 am on March 18, 2010

    Please go to http://www.nn-capitalgroup.com, you will find the properties that will allow you to do so.
    the only issue is, its ALL cash !! as of now, no mortgage.

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