Comments on: Can You Get Started In Real Estate With $50,000? http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php Ramblings and Advice From a Passionate Real Estate Investor Fri, 30 Jul 2010 16:31:36 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Casey Perry http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-1350 Casey Perry Thu, 17 Sep 2009 19:22:39 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-1350 I think that you can get started with that amount. And i think proper promotion that will support your demand is a must too. There a lots of ways to do it economically like internet marketing. <a href="http://southbendbankowned.com" rel="nofollow">SouthBendbankOwned</a> I think that you can get started with that amount.
And i think proper promotion that will support your demand is a must too. There a lots of ways to do it economically like internet marketing.

SouthBendbankOwned

]]> By: Staten Island Real Estate Agent http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-1109 Staten Island Real Estate Agent Wed, 05 Aug 2009 13:35:16 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-1109 $50,000 is definitely more then some people start out with. I would say start out by reading a few books on investing on a limited budget. There are endless amounts of ways to invest. $50,000 is definitely more then some people start out with. I would say start out by reading a few books on investing on a limited budget. There are endless amounts of ways to invest.

]]> By: raffy http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-209 raffy Fri, 24 Oct 2008 17:11:24 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-209 Drop The Rent!!! At HometownRenter.com we understand that you want to get the highest rent for your property. Our advice to owners is to make sure to stay competative in the market. A property not rented in most cases is another mortgage payment paid. If the property is worth $1,000 a month but everyone in the community is at $1,000 a month, the chances of you renting your place are very slim. If you drop it to $950 you will be able to rent your place fast and not miss another month. Well qualified applicants are aware they are a hot commodity in this era of tarnished credit and lost jobs. They are shopping their well qualified applications out to the large inventory of investment property on the market. How do you attract them? Drop the rent! Gimmicks do not work--these people have worked hard to keep their credit scores up, their incomes stable and their rental history in tact. Drop the rent...it really is that simple! Prompt placement of a qualified applicant immediately stops the bleeding of lost rents, continued advertisemement expenses and the real possibility of a break in or vandalism. You may not receive top market rent--but you will see regular income that you can count on. Find your best tenants and rental properties for FREE at HometownRenter.com. Your local and national rental site. Drop The Rent!!!

At HometownRenter.com we understand that you want to get the highest rent for your property. Our advice to owners is to make sure to stay competative in the market. A property not rented in most cases is another mortgage payment paid. If the property is worth $1,000 a month but everyone in the community is at $1,000 a month, the chances of you renting your place are very slim. If you drop it to $950 you will be able to rent your place fast and not miss another month.

Well qualified applicants are aware they are a hot commodity in this era of tarnished credit and lost jobs. They are shopping their well qualified applications out to the large inventory of investment property on the market. How do you attract them? Drop the rent! Gimmicks do not work–these people have worked hard to keep their credit scores up, their incomes stable and their rental history in tact. Drop the rent…it really is that simple! Prompt placement of a qualified applicant immediately stops the bleeding of lost rents, continued advertisemement expenses and the real possibility of a break in or vandalism. You may not receive top market rent–but you will see regular income that you can count on. Find your best tenants and rental properties for FREE at HometownRenter.com. Your local and national rental site.

]]> By: Real Estate Guru http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-199 Real Estate Guru Thu, 18 Oct 2007 22:37:16 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-199 Sounds like you've really put some thought into this Noah. I have a friend who does something similar here in the SF bay area. He pools together $50k per investor and usually buys older apt buildings to refurbish. His company is called <a target="_new" href="http://www.drakepropertygroup.com/" rel="nofollow">Drake Property Group</a> and you might be able to get some ideas from his business model. I hope things work out for you...it's really a great idea and once you get the investors (maybe family and friends first), then it's much easier to get off the ground. Sounds like you’ve really put some thought into this Noah. I have a friend who does something similar here in the SF bay area. He pools together $50k per investor and usually buys older apt buildings to refurbish. His company is called Drake Property Group and you might be able to get some ideas from his business model.

I hope things work out for you…it’s really a great idea and once you get the investors (maybe family and friends first), then it’s much easier to get off the ground.

]]> By: Noah http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-205 Noah Thu, 18 Oct 2007 22:17:33 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-205 I agree. It will be a very tough sell; and no, I have never organized an s-corp before. I will have to put together a strong team of advisors (accountants, attorneys, real estate professionals, bankers) in order to add credibility to the endeavor (which will all be needed to organize it anyway, not just to add credibility). Plus, I would not mind bringing in someone to head to corporation instead of me if that makes it easier for investors. Yes, I have put together a five year plan (based on the numbers I have personally put into my four properties over the past five years) which would allow for at least one other property to be purchased in the area and be able to service the debt for five years. All of this in mind for ten investors (including myself). If I opened the opportunity to more investors, more money would be available and more properties could be purchased and even extend the debt serviceability beyond five years. If anyone else has organized, worked or invested in a similar situation, I would love to hear about it; and everyone, I really do appreciate the interest and responses thus far. I agree. It will be a very tough sell; and no, I have never organized an s-corp before. I will have to put together a strong team of advisors (accountants, attorneys, real estate professionals, bankers) in order to add credibility to the endeavor (which will all be needed to organize it anyway, not just to add credibility). Plus, I would not mind bringing in someone to head to corporation instead of me if that makes it easier for investors.

Yes, I have put together a five year plan (based on the numbers I have personally put into my four properties over the past five years) which would allow for at least one other property to be purchased in the area and be able to service the debt for five years. All of this in mind for ten investors (including myself). If I opened the opportunity to more investors, more money would be available and more properties could be purchased and even extend the debt serviceability beyond five years.

If anyone else has organized, worked or invested in a similar situation, I would love to hear about it; and everyone, I really do appreciate the interest and responses thus far.

]]> By: Real Estate Guru http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-204 Real Estate Guru Thu, 18 Oct 2007 21:43:30 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-204 I think that's a great idea Noah but the hardest part would be convincing other real estate investors that it's a good idea. They'd need some sort of guarantee besides just ownership in the s-corp. If you've got legitimate experience that would help. Would you have enough capital to invest in other real estate once your mortgages are paid off? I think that’s a great idea Noah but the hardest part would be convincing other real estate investors that it’s a good idea. They’d need some sort of guarantee besides just ownership in the s-corp. If you’ve got legitimate experience that would help. Would you have enough capital to invest in other real estate once your mortgages are paid off?

]]> By: Noah http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-208 Noah Thu, 18 Oct 2007 12:29:45 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-208 That is a very good point, and there is no guarantee; but I do feel positive about the market in this area. All of the latest towers are nearing completion, and I have seen no new foundations started for more towers so it is a matter of the market absorbing the existing units. I would have more concerns if many towers were just starting and would be flooding the market in the next few years with brand new units. Plus, if this is set up as a corporation and people purchase shares in the corporation, the investors can sell their shares which are a lot cheaper than purchasing an entire property as a single investor. That is a very good point, and there is no guarantee; but I do feel positive about the market in this area. All of the latest towers are nearing completion, and I have seen no new foundations started for more towers so it is a matter of the market absorbing the existing units. I would have more concerns if many towers were just starting and would be flooding the market in the next few years with brand new units.

Plus, if this is set up as a corporation and people purchase shares in the corporation, the investors can sell their shares which are a lot cheaper than purchasing an entire property as a single investor.

]]> By: John http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-207 John Thu, 18 Oct 2007 07:57:50 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-207 Hi Noah, You say that the market will eventually recover. How can you be so sure that the time of recovery will be less than the time of loss on your investment? John www.listpropertiesnow.com Hi Noah,

You say that the market will eventually recover. How can you be so sure that the time of recovery will be less than the time of loss on your investment?

John
http://www.listpropertiesnow.com

]]> By: Noah http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-206 Noah Thu, 18 Oct 2007 00:36:19 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-206 The title of this blog caught my eye as I had the same dollar amount in mind for a deal. I just came up with this new idea tonight and am interested to see what people think about it: Real estate on the Gulf Coast (I live on Perdido Key, FL) is at a stand still. I have, however, two condos that I have got to sell. Now with the market flooded with other units for sale, there is no way anyone is going to pay a good price for either of these units. I have come up with an idea that might work. Please read through it and let me know what you think: I would create an s-corporation and recruit real estate investors. I would sell my shares in the s-corp for say $50,000 a share. The money that is collected, I use to pay off my mortgages, and I then roll the paid off property into the s-corporation as assets for the corporation. Money that is not used in the deal is retained by the corporation and can be used to invest in other properties on the Gulf Coast where there are plenty of great opportunities. I would keep a minority share of the corporation and would stay on as the managing director as I live on Perdido Key and know the market and the real estate options well. The real estate investments would be rented out as possible as these are mostly vacation and resort properties. Plus, the market will eventually recover and the properties can be sold for a good profit when that happens. What do you think? Is this just crazy or is it just crazy enough to work? I think $50,000 as an investment might open doors for some people who might not be able to invest more, but still want to invest in real estate. I welcome all comments, but please be constructive. Thanks. noah The title of this blog caught my eye as I had the same dollar amount in mind for a deal. I just came up with this new idea tonight and am interested to see what people think about it:

Real estate on the Gulf Coast (I live on Perdido Key, FL) is at a stand still. I have, however, two condos that I have got to sell. Now with the market flooded with other units for sale, there is no way anyone is going to pay a good price for either of these units. I have come up with an idea that might work. Please read through it and let me know what you think:

I would create an s-corporation and recruit real estate investors. I would sell my shares in the s-corp for say $50,000 a share. The money that is collected, I use to pay off my mortgages, and I then roll the paid off property into the s-corporation as assets for the corporation. Money that is not used in the deal is retained by the corporation and can be used to invest in other properties on the Gulf Coast where there are plenty of great opportunities. I would keep a minority share of the corporation and would stay on as the managing director as I live on Perdido Key and know the market and the real estate options well. The real estate investments would be rented out as possible as these are mostly vacation and resort properties. Plus, the market will eventually recover and the properties can be sold for a good profit when that happens.

What do you think? Is this just crazy or is it just crazy enough to work? I think $50,000 as an investment might open doors for some people who might not be able to invest more, but still want to invest in real estate.

I welcome all comments, but please be constructive.

Thanks.

noah

]]> By: John http://www.realestateweblog.org/can-you-get-started-in-real-estate-with-50000.php#comment-203 John Wed, 17 Oct 2007 13:34:33 +0000 http://www.realestateweblog.org.php5-7.websitetestlink.com/?p=98#comment-203 I think that you can get started with that amount. But, without a doubt you need an advertising tool that will support your demand. Newspapers, internet, email marketing. There's a ton of ways to do it economically. John www.listpropertiesnow.com I think that you can get started with that amount. But, without a doubt you need an advertising tool that will support your demand. Newspapers, internet, email marketing. There’s a ton of ways to do it economically.

John
http://www.listpropertiesnow.com

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