So You Want To Be A Real Estate Investor? - Part 1

Real Estate Agent with Keller Williams Capital Partners Realty

With all of the press about the Columbus real estate market, foreclosures, mortgage crises, etc., it is no wonder many folks are jumping on the bandwagon to take advantage of opportunities a down market often provides.

In my humble opinion, real estate is a great investment, especially in a market where properties may be purchased at truly "wholesale" prices.  If you are new to the world of investing in real estate, however, there are a number if things you should consider and understand before diving in.

For the sake of this post we will discuss the concept many "flippers" are focused on which is purchasing and renovating properties to re-sell at a profit.  Part 2 of this post will focus on acquisition of income producing rental properties.

I use the term "flipping" cautiously as it can have negative connotations tied to scams involving fraudulent lenders and appraisers over valuing properties and taking advantage of Buyers.  Here it simply refers to buying a property below market, making improvements and selling for a profit.

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Comments (1)

Dale Campbell
Virginia Real Estate - Mechanicsville, VA
I agree that real estate is still a great and stable investment, but not necessarily for the "flippers" on a short term basis.  I have noticed a lot of them that I was working with in my area get out of the flipping or at least slow down their operation somewhat, waiting to see what the market will do.
Nov 27, 2007 02:45 AM