Buying apartment buildings.QA I would like to get into real estate. Where can I find out how to start buying investment property such as apartment buildings? --K. Kendall Ken·dall , Edward Calvin 1886-1972. American biochemist. He shared a 1950 Nobel Prize for discoveries concerning the hormones of the adrenal cortex. Via the Internet A significant amount of study is required before you can begin looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. investment property. You must be prepared to make a financial commitment--generally a down payment of 15% to 20% of the cost of the property you seek. Your initial financial outlay will also include at least three months worth of mortgage and maintenance expenses held in reserve. You'll also have to familiarize yourself with the process and paperwork involved in obtaining the title of, and closing on, the property, not to mention handling all of the responsibilities of being a landlord. You'll need to know how to properly evaluate the physical condition of the property you want to purchase, understand the different types of inspections your property must pass, and perhaps even choose someone to manage the property for you. Check with your local housing authority, local community organizations, or local colleges or universities for classes on these subjects. There are several good books See how to find a good computer book. available on buying apartment buildings. Novice real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. can benefit most from Investing in Real Estate, Fourth Edition by Andrew McLean and Gary W. Eldred (John Wiley John Wiley may refer to:
Mail your money management questions to Ask B.E., BLACK ENTERPRISE 130 Fifth Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to scottm@blackenterprise.com. |
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