1. Is investing in real estate time consuming?2. What's the cheapest way to invest in real estate?3. Can you buy a house or property in any state? Is it a good idea to buy a hourse or property outside of your state?If you think there are any other details I should know, please let me know.Thanks!
simpleist way to invest n real estate is invest in a stock or mutual find that does all the work for you. if yo purchase yourself you are dealing with: - real estate agents and property owners, then - notaries and lawyers - banks and mortgages - cities and taxes - post offices for correspondance - public vandalism and trespassing - ...
1. Yes, very. 2. im not sure what you mean, if you want cheap land look at places like Kansas and Oklahoma (although they may not apreciate much). REITs are a good option if you want to spend no more than a couple K's and want to benifit from land appreciation. you could just buy at a low point in the market (which certainly isn't now) 3.yes, although if you are planning to rent it you should probably buy land that you have quick, easy access to. if you are looking at running a multi-property out of state operation you could hire a manager to look after your places, find tenants etc. You should know that the US is way overbuilt housing wise and you would do well to wait a good 8-36 mos before investing.
