Your Questions About Investing In Real Estate

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Charles asks…

Is it really possible for me to start real estate investing from outside the state you want to invest in?

I am currently deployed to Iraq and I have been wanting to start investing in real estate for sometime now, and I would like to get started from out here if at all possible. When I go back to the states in December, I still won’t be going back to that state that I want to buy property in for about 4 months after I get back. With the foreclosure market being kind of nice right now, should I wait?

financi4 answers:

I think you should wait until you are able to be more aware of what is happening in that state you want to invest in. It’s kind of like being blind to what’s going on if you can’t be there for a while. I think you should wait. The market will always have a favorable time again to buy if it changes.

David asks…

what are some good books or web sites to teach me how to get started in real estate investing?

I plan on investing in real estate in the next few years. Right now I want to school myself on how it’s done. Any a good references?

financi4 answers:

Do your homework. Value of real estate is dropping faster than it’s ever had since the great depression. Until you are confident that real estate has hit rock bottom, I would not invest in it. I have invested in real estate, and the value of my portfolio is really plummetting. Even though real estate is a steal right now, and I am in the business, I would not buy at this time. Tread slowly, and look both ways

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