Q. I'm thinking about investing in a rental property. As I understand it, prices are trending up on average nationally here in the states, but I'd like to find out more specifically if this is the case where I'd like to buy.
A. Check out the statistics on City-Data dot com. They have tons of different stats and cover all major U.S. cities and have a forums section where you can ask questions as well.
Purchasing a rental property - where should we start?
Q. My husband and I are dissatisfied with the return we are getting in the current stock market. Instead of continuing to dump our money there, we thought we might try investing in a rental property. We are not sure who we should talk to first - a loan company, a realtor, a lawyer? What is the first step? Also, what are some things we might be overlooking as we consider this option? Any advice is welcome!
A. I always suggest you speak to a banker first. It is most important to be aware of the expenses associated with the investment before you do anything. Plus, it will enable you to identify how large of an investment you can make.
Second, go see the lawyer or whomever you need to help in forming an LLC or other corporation that will seperate your personal liability.
Third, you need to identify the right Realtor who can help you with investment property. While you may be thinking in residential terms, rental property is often better understood by commercial Realtors who might have some other options you haven't fully considered too.
Fourth, make a date with your calculator to make sure everything adds up!
Second, go see the lawyer or whomever you need to help in forming an LLC or other corporation that will seperate your personal liability.
Third, you need to identify the right Realtor who can help you with investment property. While you may be thinking in residential terms, rental property is often better understood by commercial Realtors who might have some other options you haven't fully considered too.
Fourth, make a date with your calculator to make sure everything adds up!
How do I find out who owns a property?
Q. We are in Pennsylvania, and I want to invest in Tampa Florida. I have my eye on a rental property that is for sale, and I want to contact the owner directly. I don't want to contact a Realtor. Is there a service on-line that I can use?
A. Hillsborough County Property Appraiser
http://www.hcpafl.org/www/search/index.shtml
Select "Address Search" on the left column. Enter the address information.
Pinellas County:
http://www.pcpao.org/
On left side select: Search our Database > By Address
http://www.hcpafl.org/www/search/index.shtml
Select "Address Search" on the left column. Enter the address information.
Pinellas County:
http://www.pcpao.org/
On left side select: Search our Database > By Address
What can I do to become a better investor?
Q. I invest in rental properties, small businesses, stocks and commodities in Michigan, Italy and Egypt.
Every advice is appreciated.
Every advice is appreciated.
A. Sounds like you are way ahead of most of us already.
The best way to learn is from a book and good reference material.
There are some good reference websites
http://www.howthemarketworks.com./
http://stockmarket.makemoneyideas.in/
http://simulator.investopedia.com/home.a�
http://www.top10traders.com
http://investopedia.com (for finance terms and definitions)
http://investing.sitesled.com/
www.stockcharts.com
www.freestockcharts.com
http://www.fool.com/school/basics/basics�
http://beginnersinvest.about.com/library�
http://www.mysharetrading.com
http://help.yahoo.com/help/us/fin/
And there are some timeless and excellent books
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, Edwin - Reminiscences of a Stock Operator
about Jesse Livermore
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
Schwager, Jack D.New Market Wizards
Sperandeo, VictorTrader Vic-Methods of a Wall Street Master
Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay
The Intelligent Investor, by Benjamin Graham
One Up on Wall Street, by Peter Lynch
Common Stocks, Uncommon Profits, by Philip A. Fisher
Stocks for the Long Run, by Jeremy Siegel
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
Trading for a Living, by Alexander Elder
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
The best way to learn is from a book and good reference material.
There are some good reference websites
http://www.howthemarketworks.com./
http://stockmarket.makemoneyideas.in/
http://simulator.investopedia.com/home.a�
http://www.top10traders.com
http://investopedia.com (for finance terms and definitions)
http://investing.sitesled.com/
www.stockcharts.com
www.freestockcharts.com
http://www.fool.com/school/basics/basics�
http://beginnersinvest.about.com/library�
http://www.mysharetrading.com
http://help.yahoo.com/help/us/fin/
And there are some timeless and excellent books
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, Edwin - Reminiscences of a Stock Operator
about Jesse Livermore
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
Schwager, Jack D.New Market Wizards
Sperandeo, VictorTrader Vic-Methods of a Wall Street Master
Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay
The Intelligent Investor, by Benjamin Graham
One Up on Wall Street, by Peter Lynch
Common Stocks, Uncommon Profits, by Philip A. Fisher
Stocks for the Long Run, by Jeremy Siegel
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
Trading for a Living, by Alexander Elder
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
Powered by Yahoo! Answers
No comments:
Post a Comment