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sweet_mayhem
Joined: 13 Oct 2006
Posts: 42
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 Posted: Fri Oct 13, 2006 2:04 pm Post subject: real estate investments no-no's |
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| what should be avoided when making real estate investments (particularly in vegas)? do you have some tips that you may want to share? thanks... |
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eerie
Joined: 03 Oct 2006
Posts: 185
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| Posted: Fri Oct 13, 2006 5:38 pm Post subject: |
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| Don't buy during a buyer's market period - like now! |
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kelkat
Joined: 03 Oct 2006
Posts: 98
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| Posted: Sun Oct 22, 2006 3:20 am Post subject: |
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There is always a buy to be made, but you just have to look, dig, and be patient.
Don't rush a buy - no matter how good or perfect it may seem. Better to miss out than to be had. |
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eerie
Joined: 03 Oct 2006
Posts: 185
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| Posted: Sun Oct 22, 2006 3:05 pm Post subject: |
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| Always buy the worst property in an area, and fix it up. Make sure the improvement costs are figured into the purchase price. |
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kelkat
Joined: 03 Oct 2006
Posts: 98
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| Posted: Fri Oct 27, 2006 3:34 pm Post subject: |
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| Good one eerie. But don't over compensate (don't spend too much renovating). I mean, don't add a whole new level, or four bathrooms, or anything crazy. Just bring it up (or maybe a little beyond) par. |
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sweet_mayhem
Joined: 13 Oct 2006
Posts: 42
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| Posted: Sun Nov 05, 2006 5:39 pm Post subject: |
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| eerie wrote: | | Always buy the worst property in an area, and fix it up. Make sure the improvement costs are figured into the purchase price. |
yeah, that's a good suggestion, eerie...that's one of the reasons why some foreclosed properties can be bang for your buck.. |
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kelkat
Joined: 03 Oct 2006
Posts: 98
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| Posted: Mon Nov 06, 2006 1:59 am Post subject: |
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| And don't over customize the home. Just because it's your taste, doesn't mean it's the taste of the average buyer. That's your market, so design for your market! |
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techluck
Joined: 16 Nov 2006
Posts: 6
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| Posted: Thu Nov 16, 2006 12:28 pm Post subject: |
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| Know your contractors and be sure they don't underbid and then go over projections or not perform the work. |
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