Very early on in my investing career I received a great lesson in rental property ownership. In the early 1990s I saw the potential for the Las Vegas market and decided that it would be a good idea to have long-term investments in the area. At the time there were about 5,000 people moving there each month and builders were adding new housing at a furious pace. There was a good supply of resale homes and the rental market was strong. I was looking for future appreciation as opposed to immediate cash flow.
I lived in New York at the time and I would be investing long-distance. I did have connections in the area and I received recommendations for real estate agents and a property manager. I knew that investing outside of my local area would have some challenges and I was prepared to accept that. Further complicating matters was the fact that […]
Original post by Richard Warren and software by Elliott Back
Real Estate Flipping Lease With Option