Comments on: Can You Get Started In Real Estate With $50,000?

By: Justin James

Justin James — Sun, 06 Nov 2011 07:58:08 +0000

With this amount, I guess, it is still possible. But that will be really tough. You need to be very resourceful with what you have and know how to take advantage of services you can get for free, especially online, if you will be going into marketing, too. Please visit: Encinitas Homes for Sale

By: Holly Marden

Holly Marden — Sun, 06 Nov 2011 05:25:59 +0000

I believe, starting with 50000 USD in a real estate business is a possibility. Make sure to take advantage of the free services, especially online so you can lessen your expenses. Website: Gilbert Homes for Sale

By: dzoyce

dzoyce — Wed, 24 Nov 2010 06:31:24 +0000

Instead of that you can try this site for the cheapest foreclosure CLICK HERE It's free to join and they actually own their homes and not just a broker.

By: Casey Perry

Casey Perry — Thu, 17 Sep 2009 19:22:39 +0000

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

Staten Island Real Estate Agent — Wed, 05 Aug 2009 13:35:16 +0000

$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

raffy — Fri, 24 Oct 2008 17:11:24 +0000

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

Real Estate Guru — Thu, 18 Oct 2007 22:37:16 +0000

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

Noah — Thu, 18 Oct 2007 22:17:33 +0000

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

Real Estate Guru — Thu, 18 Oct 2007 21:43:30 +0000

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

Noah — Thu, 18 Oct 2007 12:29:45 +0000

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.