Another way experienced property investors make good money is that they search for and find properties that are not well taken care of financially. Sometimes an investor has a good property, but it is mismanaged and they are either losing or not making as much money as they should.

You see this in really large apartment complexes. If they are under bad management, they investors are probably losing money because of low rent amounts or because the manager does nothing about late or non existent rent payments. Some tenants will take advantage of you in a second if you let them. You give them an inch, they take a mile. You must nip things like this in the bud.

So what can you look for to find this type of property? As mentioned earlier, checking the rent amounts will be a good indicator, you don’t want them too low. Also if the owner has maintenance problems, or needs money, or they have high vacancy rates.

These are all good signs that the property is being mismanaged.

If you can find this type of property I say jump on it. Generally you can get great terms and you should get a great return on your real estate investment.

Of course you should look at the numbers seeing what potential is there and what is needed to realize that potential. Only get into the investment property if you can see on paper that you will be making enough money to justify the investment. Look at the condition of the property and see how long the spaces have been vacant. The longer a space has been vacant the more poorly it has been managed.

Some of the other things would be easy to notice. The cleanliness of the vacant apartments, how much are they promoting the available spaces, things like that.

For more property investment advice to assist you in everything from finding foreclosures to buying rental property, please visit our real estate investing advice site.

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Question by Miao Tsetung: Will China’s new divorce ruling discourage women from marrying for money?
Or will it cause an added burden to women when they divorce?

Previously, brides in China usually received 50% of the house when their marriage ended. It is usually a requirement for a man to own a house before a woman will mary him. So, many families purchased a house for their sons so they could get married, but they resented their son’s bride receiving half of that house upon divorce. This new law is designed to protect the man’s investment in the house.

It may be that China is trying to establish something similar to community property laws that are common in the west. In this case, all property owned by either spouse prior to marriage is considered “separate property” and is returned to them upon divorce. But all property earned during the marriage is divided equally upon divorce.

Will this new ruling encourage young couples to marry and then jointly save for a house purchase, as is often done in western countries?

http://www.financeasia.com/News/268763,chinas-new-marriage-law-set-to-stoke-home-sales.aspx

Best answer:

Answer by She comes often.
yes, some ppl in china sign pre nup too, like in the west.
but really ”owning” a house is hard for ppl living in beijing or shanghai for example, because many apartments cost between 2 to 4 million yuan. it’s hard for many guys in their 20′s to pay off so much money at a young age unless their parents are rich. many married couples pay the morgage together every month after they get married, the guy may pay the downpayment first.

many laws in China are becoming more and more similar to the west. it’s just more reasonable that way.

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Question by yes345: FHA Owner Occupied Duplex Rental Income?
I am looking to buy an owner occupied duplex or an outright investment property. I am waiting until I save up a bit more, but have started to do some research. I keep finding conflicting information about using potential rental income to qualify for an owner occupied duplex. I have found information like this, “Rental income may be added to the Borrower’s wage income…For purchases, the appraiser is responsible for documenting the “market rent” for the property”. I have also seen sources that say lenders do not allow rental income to qualify for a property. Also, does anyone have firsthand knowledge of average LTV for investment/rental properties? I have seen 95% on Sun trust’s website that also says rental income may be used to qualify for properties. I thought that was a bit strange, I have never seen 5% down for investment properties. Any help is greatly appreciated!

Best answer:

Answer by Janet P
No lenders count rental income until you can document you collected it for 2 years. 30% down is the norm for investment property.

What do you think? Answer below!

Technorati Tags: Duplex, income, Occupied, Owner, Rental

Question by Chica: Can a loan be denied due to lack of comparables in our area?
So I applied for a morgage loan back in Oct. We found an investment property, and we were pre qualified. It seemed like everything was a done deal 100%. 2 weeks before the closing the underwriters start to ask for lots of things, income not enough because they can only count 75% of the income coming from the investment property, to solve that we put about 10% down on an FHA loan( that we qualified for since we would live in part of the investment complex) Now today on closing day that seemed for sure on Monday we hear that our loan has been denied due to “declined due to the lack of recent comparable sales in the area of like properties”. That’s after we put earnest money down and paid for an appraisal and sent all of our information to the company( bank balances, account #’s, business acct and personal acct., ssN’s everything. Can a loan be denied because of lack of comparables in the area? And now I feel nervous about them having all of our personal info and acct #’s.
We had 4 comparables all within the same price give or take 10 to 20k one was right next door, other 1 mile away and two 10 miles away
The appraisar came with a value for the place and the 4 places it compared it to. The mortgage company had the appraisal for a month and never said a thing until 2 days before closing.

Best answer:

Answer by jim
It means the appraiser didn’t have comparable sales of like properties with in the last 6 months to use on the appraisal. He is suppose to have 3 comparable. Maybe the ones he used are not considered close enough to the type of property your trying to purchase, or maybe there were not any sales of same type properties.
Good Luck
Jim

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Question by Dump the liberals into Jupiter: Is Libertarianism a bunch of hogwash?
Scenario #1.
A certain man who lived in a village made many clever trades and accumulated a lot of money by buying low and selling high. He used this money to purchase a strip of land in a circle around the village and began charging toll for people who wanted to travel into or out of the village. The villagers said that the owner of the circular strip of property had no right to make them pay for passage across his property. The owner, however, insisted he did. The case ended up in court. You’re the judge. In whose favor should you decide?

Scenario #2.
Include the history of Scenario #1, except assume that the judge sided with the villagers. Frustrated in his ambition to extract the villagers’ coins with his first investment venture, the land owner builds a wall around his property, “incidentally” enclosing the village, and, because he was forbidden to collect passage toll, he does not put a gate anywhere in the wall. The villagers are “incidentally” trapped inside the village! The wall is too high to climb and too deep to dig under. The villagers sue the property owner again, and again you are the judge. Whose side do you take? Why?

Scenario #3.
Include the history of Scenarios #1 and #2, and assume that the judge sided with the villagers both times. The property owner, feeling very much as if his property rights are being horribly abused by the “socialistic” government, grudgingly puts a single gate in the west side of his wall to allow villagers and visitors to enter and leave without having to pay the property owner any toll for passage. (The judge was even mean enough to deny the owner a tax-paid reimbursement of his expenses for installing the gate, on the theory that he should have known better than to omit it in the first place.) The property owner tries a third time to make his property’s location pay off. Calling himself an artist, he stands before his gate at sunset every evening and loudly takes credit for the scene. He begins charging people money for “viewing the sunset,” which “incidentally” has the same effect as a passage toll would have had if applied during the hour of sunset. The villagers demand to know why the owner of the narrow circular strip of property is entitled also to own the sunset. And he replies: “Because I could have built a wall between your eyes and this beauty–and I did not!” Back to court they go, the villagers complaining that the property owner’s claim of title to the sunset is spurious. Again, you are the judge. With whom do you agree?

Scenario #4. Include the history of all previous Scenarios. The property owner buys several more adjoining circular strips of property and builds a circular wall on each. As previously mentioned, the gate in the innermost wall is in the western most side. The gate in the next wall outward is in the eastern most side. The gate in the next wall is again in the western most side… and so on to the owner’s outermost wall. The villagers complain to the judge that the owner has no right to inconvenience their travels in this manner. How do you decide this case?
Adam C – In ruling in the property owner’s favor in the first case, how do you know that the burden is a small one?

Furthermore, if someone can’t pay the toll to leave the city, how is that different from being unable to climb a wall in order to do the same thing?

Best answer:

Answer by Don’t Tread
Too many details for this hour. Libertarianism is the opposition to authoritarianism/statism.

No it isn’t hogwash.

Give your answer to this question below!

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Great investment property. Fabulous newly converted stone Church in town of Lucknow with attached hall. Currently rented out on 1 year lease to great tenants. Large lot with fruit trees and backing onto Nine Mile River. 3 bedrooms, 3 bathrooms, 3800 sf of living space. Huge master loft…
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Question by fluffball1986: Investing in Silver Bullion?
Suppose I wanted to invest in silver bullion, partially as a serious investment, partially for the novelty of having some “portable property”.

Suppose I went to a coin dealer and bought several silver 1oz pieces, or a large bar, would I be able to sell them later without excess testing and fees? Assuming that I took and kept possession of the bar(s) to avoid storage fees.

What I mean is when I go to sell the bars (back to a dealer) will the process be: “Your bars have the right mass, here is your money”. Or will it be more convoluted?

I’ve heard stories about a person who took his bars in, and had to pay for the dealer to drill holes in bars to ensure that the bar hadn’t been hollowed out and filled with a cheaper metal.

What is a typical pathway from purchase to sale of a bar of silver?

Best answer:

Answer by rjs9009
not really sure but do you really think silver is a good investment? most silver goes to old school photo development. I can only see deamnd shrinking from here. still it would be kind of cool to own big hunks of silver.

What do you think? Answer below!

Technorati Tags: bullion, investing, silver

Question by Untied States Of Latina: I can’t believe the Richardson campaign would discriminate against a worker like that. What bigots! Can you?
LAS VEGAS (AP) – One of Democratic presidential candidate Bill Richardson’s top organizers in rural Nevada resigned Thursday after the campaign learned he had worked for a brothel and was wanted on a felony arrest warrant in California.

“We did not know about all of this,” Richardson spokesman Josh McNeil said after the staffer’s record was brought to the campaign’s attention by The Associated Press. “We accepted his resignation today.”

Kristian Forland, the campaign’s eastern Nevada field director, is being sought by Los Angeles County authorities for failure to appear on four counts of writing bad checks. Forland also was arrested twice, once last year and again last month, in his home of Elko, Nev., on a similar bad check charge out of Las Vegas.

In both arrests, Forland posted bail and was released. It’s not clear from court records if the case was resolved.

Forland also was investigated by Elko police after women working at Mona’s Ranch, a legal brothel, complained he was shorting them on their pay. An investigator described Forland as “at best a manager of the property,” according to a June 2006 police report obtained by the AP.

No charges were filed.

Forland said the bad check charges have come out of business transactions gone bad. Forland said he has hired a lawyer who is working to resolve the California case.

Forland failed to appear in Los Angeles County Municipal Court on four counts of insufficient funds in January 1999, a felony.

As for the brothel, Forland said he worked for a defunct investment group that briefly ran the bordello.

“I oversaw the bookkeeping only,” Forland said Thursday. “I never handled cash, I didn’t deal with the girls per se.”

Forland was listed as the resident agent and officer for Mona’s Ranch LLC from September 2004 to October 2006, according to the Nevada secretary of state’s office.

Forland was hired this month as Democratic hopefuls competing in the state’s first early caucus began turning their attention to solidly Republican rural Nevada, where Democratic organizers are a rarity.

He was vice chairman of the Elko County Democratic Party before taking a leave of absence to accept the campaign job with the Richardson campaign.

This disgraceful person probably went over immediately to join Hillary’s campaign.

http://www.breitbart.com/article.php?id=D8R2DIA00&show_article=1&catnum=0

Best answer:

Answer by youarewrongbobisright
I like the part where he was “shorting them” on pay.

he he

What do you think? Answer below!

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Question by Julie M: pipe fencing costs…?
I am looking into buying some property, but I would need to put up some pipe fencing to make a pasture and riding arena. So I want to consider that cost into my over all investment into turning this property into “horse property.” Any rough estimates would help! THANKS

Best answer:

Answer by Madison A
You can call a fence company and most do a free appraisel. It all depends on how big the property is and what not.

What do you think? Answer below!

Technorati Tags: costs..., fencing, pipe

myforeignhomeonline.com If the market is slow, you can still sell your property if you make your listings and signs professional and appealing. Make sure that your flyer is intriguing and well put together as well.

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