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It would help if the type of property was known.e.g. Rental, bare land,etc. The old adage of location ,locatio,location is so true. The best bet is to buy an unpolished gem in the best possible neighborhood. That way you have a large upside.Expect to pay a fair price but do your homework.When you become the owner you should form an LLC for each property that you own.This protects you from losing your entire estate in the event of a lawsuit that goes against you. Buy close to home so that you may oversee everything. There is nothing wrong with hireing a property manager as long as they are licensed,bonded and you are comfortable with them.If you are handy with a paint brush and hammer so much the better. There is much debate on the subject but I think now is the time to buy. Interest rates are't going any lower. Best of luck to you.
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06-07-2008, 12:20 PM
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