About to pinch the plunge and invest like mad of money into property...anyone done this? how did u perceive?

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Answers:   not a bad move - and the flea market just might be primed for it too. Congrats on have the money on the downturn

you should probably sign up for the 30-50 dollar list of foreclosures within your area on-line - they do adjectives the research for you and it saves a ton of time - worth the payment.

Then go to the bookstore, or go and get local (state specific) process for foreclosures and start putting in some bids

in attendance are some great deals out in attendance right now - I'm doing like thing - slowly though - trying to find the best homes - within the best areas - that will rent for a while until prices turn around

don't forget that the market could hold on to dropping - so don't dive in near all your money - filch it easy and save an eye on all the housing indicators

With the dollar weaker, fuel prices sky elevated, record foreclosures, register debt levels surrounded by corporate america and gov't (9.6 trillion)- we could easily see double digit inflation - that could bring things down even more - so caginess is the key word right presently

good luck

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Yes without doubt. It feels great as long as you know what you're getting into. Make sure you own an independent 3rd party appraisal done on the property to be sure that you are not paying more than the property is worth. Especially surrounded by the current market. Property values are still falling so you want to make sure you know what properties are selling contained by for in duplicate neighborhood where you're looking to buy, that are particularly similiar in square footage, bed/bath count and ammenities, to what you are looking at. I would also hold a home and roof inpsection done to be sure there is nil majorly wrong with the property that could cost you tremendously down the road. If found, and they're an above-board risk, either engender the seller repair the issues, or negotiate down the purchase price. Also breed sure that any add-on's done to the property are done with PERMITS and they are lawful and conforming to the property. If you buy a property that has be added on without permit, you will not benefit from that addition surrounded by terms of individual able to count that extra square footage surrounded by the value of the property. Only lawful, permitted additions count as legal square footage. I reason real estate is one of the best ways that you can invest your money. When you say aloud
"take the plunge and invest a lot" that scare me a bit. I am curious to know exactly how much you plan on investing. If you've done your research and feel it's a fitting buy- I can't see it being a discouraging thing. I would dance for it.

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