Feb 3, 2012 reiclub Says:
If you are referring to the price going up after you sold it at $105K, then I would have to agree with you. But if what you are saying is, you priced it at $105K when the market clearly stated $120K, then you did lose money on the deal, because you could have made an EXTRA $15k if priced correctly.
Feb 2, 2012 bdot21 Says:
You CAN'T loose something you never had. So, if you buy at 100,000 the market goes up to 120,000 and u sell at 105,000 u didn't loose 15,000 because you never had it to begin with. The potential was there but you didn't act on it so you never had it to begin with. You can't loose something you never had in the first place...
Dec 7, 2011 BigBearFromDaChi Says:
He is correct. I've found something that has helped as an investor, entrepreneur, As well as my business and retirement portfolio. Here's a link if you want to check them out. rafaelnegron.strongbrookoffice.
Thanks reiclub. You have taught me alot.
Dec 5, 2011 oeojb Says:
THANK YOU - GRASIAS - :o)
Nov 14, 2011 HomesWOWrealestate Says:
Excellent :) Check out HomesWOW.com it has Yahoo! Real Esatte, zillow, trulia, har, zip realty and all home searches. It is now the largest Homes, MLS Real Estate site.
Nov 14, 2011 LuJackCity1964 Says:
Folks, if you're fortunate enough to live in Southern California, PLEASE COME BY OUR OFFICE, AND LET US BUY YOU LUNCH!!! We'll show you what we're doing--BUYING FORECLOSURES & NOTES DIRECTLY FROM THE BANKS--and if you like what you see, you can join us!!! We're not Seminar Salesmen; we're ACTUAL INVESTORS IN THE FIELD, and we're looking to ACQUIRE MORE PROPERTIES: 310.356.7027 or Dare2Dreamdotbiz, or WhereToInvestUSDOTnet or biz. Once again, 310.356.7027.
Oct 6, 2011 reiclub Says:
- shoot me a personal message and I can contact you.
Oct 6, 2011 reiclub Says:
- Hey! If you go to reiclub.com and go to the left "site navigation" toolbar. You can check out all the programs we carry, there's a lot. Let me know if you can't find what you are looking for, so I can further assist you.
Sep 17, 2011 charlesfuchs Says:
Buying a home now is just dumb and ignorant. With the debt bubble happening soon in 3-4 years. there will be higher unemployment and interestes rates to hike.... housing will take another %20 hit....
Sep 11, 2011 khayelitshaissafe Says:
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational tool, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
Sep 8, 2011 kd4slm Says:
Hey Frank,
Great Video.. What program (manage your real estate rental properties) software would you recommend to use as a part of doing your own Property Management. Thanks & Great Job!!
Sep 1, 2011 rbbellejr Says:
I would like to chat with you, do you have a contact number?
Aug 17, 2011 motownbeard99 Says:
Great video. I will be investing in Manhattan, NYC (rental property) and found your video helpful. Thank you!
Aug 4, 2011 steventb100 Says:
I just got my first rental home and tenents. Any advice.
Jul 29, 2011 reiclub Says:
- As of now I have 3 of my own, but my family business owns 35+ rental properties that we manage ourselves. No management companies.
Jul 21, 2011 omarabdallah92 Says:
the banks are still holding out on a lot of foreclosures and will have to dump them soon..i think theres gonna be another drop in real estate prices so i wouldnt count on "appreciation" when purchasing a rental in the short term
Video Details
http://www.REIClub.com - Why Is a Real Estate Rental A Good Investment In A Down Market? Here's Why Real Estate Rentals Are A Good Option For Real Estate Investors...
Current Real Estate Rental Market:
Sources from Fannie Mae and Freddie Mac expect the total number of renters households to in... More
http://www.REIClub.com - Why Is a Real Estate Rental A Good Investment In A Down Market? Here's Why Real Estate Rentals Are A Good Option For Real Estate Investors...
Current Real Estate Rental Market:
Sources from Fannie Mae and Freddie Mac expect the total number of renters households to increase by another 4.4 million in the next few years, from the already 37million.
With the current Unemployment rate being at an all time high, more families are turning to renting than buying because of a) affordability b) flexibility. Buying a home has more liability especially for someone who is unemployed, so renting is safer.
Right now, the rental property market is one of the only areas of real estate investing that has increased in the past year. It is expected to grow even more until property values decide to stabilize.
One of the main reasons to rent properties is to collect on the appreciation, AND you also get pretty good cash-flow.
Why Not Sell in a Down Market
- Right now is NOT the best time to sell - Buyers market
- Miss out on appreciation
- Unless you bought the house during a down market - you're selling for a loss
Pros to Rental Properties
- Passive Monthly Income
- Commercial Rentals have Exponential Growth
- Appearance - does not have to be as nice as "for sale" property
- Good Tenant - maintains home and pays rent on time
- Security - more options if market changes than stock or bank institutions
- Tax Perks
- Depreciation - annual tax deduction for the loss in value of your real estate
- Tax break may offset Income tax from rent
- Appreciation - increases in value more frequently than it loses value
- Existing mortgage - rent covers principle
Cons to Rent Property - drastically reduced by good screening
- Late rents
- Vacancy periods
- Damages to property
- Issues with Tenants
- Maintenance / Insurance
Additional Tips:
- Owned real estate rental property 5+ Years - Contemplating selling - most likely lose money on a sale - renting is best right now, and you can claim your losses as a tax deductible.
If you're not in a rush for immediate capital, one of the best options for your money is to invest in rent / lease properties. It allows you the flexibility to wait for the market to appreciate, all while building equity and maintaining a steady cash flow. Many homeowners become "secret investors" because they never sell their previous home, they rent it. For the ones that move more than others...well you get the point. So leasing properties definitely has its long term advantages compared to selling.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v =YEvvKsqvZhwLess
adszicom: For Rent House in Phoenix Ready to Move IN! (2808 N 59th Lane Phoenix, AZ 85035): For Rent House in Phoenix Rea... http://t.co/LX3YVf05View Tweet
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Youtube Comments (20)
MagneticRealEstate Says:
great video. Keep them coming
reiclub Says:
If you are referring to the price going up after you sold it at $105K, then I would have to agree with you. But if what you are saying is, you priced it at $105K when the market clearly stated $120K, then you did lose money on the deal, because you could have made an EXTRA $15k if priced correctly.
bdot21 Says:
You CAN'T loose something you never had. So, if you buy at 100,000 the market goes up to 120,000 and u sell at 105,000 u didn't loose 15,000 because you never had it to begin with. The potential was there but you didn't act on it so you never had it to begin with. You can't loose something you never had in the first place...
BigBearFromDaChi Says:
com
BigBearFromDaChi Says:
He is correct. I've found something that has helped as an investor, entrepreneur, As well as my business and retirement portfolio. Here's a link if you want to check them out. rafaelnegron.strongbrookoffice. Thanks reiclub. You have taught me alot.
oeojb Says:
THANK YOU - GRASIAS - :o)
HomesWOWrealestate Says:
Excellent :) Check out HomesWOW.com it has Yahoo! Real Esatte, zillow, trulia, har, zip realty and all home searches. It is now the largest Homes, MLS Real Estate site.
LuJackCity1964 Says:
Folks, if you're fortunate enough to live in Southern California, PLEASE COME BY OUR OFFICE, AND LET US BUY YOU LUNCH!!! We'll show you what we're doing--BUYING FORECLOSURES & NOTES DIRECTLY FROM THE BANKS--and if you like what you see, you can join us!!! We're not Seminar Salesmen; we're ACTUAL INVESTORS IN THE FIELD, and we're looking to ACQUIRE MORE PROPERTIES: 310.356.7027 or Dare2Dreamdotbiz, or WhereToInvestUSDOTnet or biz. Once again, 310.356.7027.
reiclub Says:
- shoot me a personal message and I can contact you.
reiclub Says:
- Hey! If you go to reiclub.com and go to the left "site navigation" toolbar. You can check out all the programs we carry, there's a lot. Let me know if you can't find what you are looking for, so I can further assist you.
charlesfuchs Says:
Buying a home now is just dumb and ignorant. With the debt bubble happening soon in 3-4 years. there will be higher unemployment and interestes rates to hike.... housing will take another %20 hit....
khayelitshaissafe Says:
The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational tool, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.
kd4slm Says:
Hey Frank, Great Video.. What program (manage your real estate rental properties) software would you recommend to use as a part of doing your own Property Management. Thanks & Great Job!!
rbbellejr Says:
I would like to chat with you, do you have a contact number?
motownbeard99 Says:
Great video. I will be investing in Manhattan, NYC (rental property) and found your video helpful. Thank you!
steventb100 Says:
I just got my first rental home and tenents. Any advice.
reiclub Says:
- As of now I have 3 of my own, but my family business owns 35+ rental properties that we manage ourselves. No management companies.
omarabdallah92 Says:
the banks are still holding out on a lot of foreclosures and will have to dump them soon..i think theres gonna be another drop in real estate prices so i wouldnt count on "appreciation" when purchasing a rental in the short term