After you produce a good relationship with some local realtors, you may commonly receive a phone call whenever they find their desk is reached by a property that is good. Another very useful way of sourcing excellent property deals is the usage of foreclosure lists. All you have to do would be to search Google for "foreclosure lists" in your local region. Commonly, you'll have to pay a subscription fee to obtain this, but it is certainly worth the cost. Once you have decided a few properties that are possible, then request your realtor to take you for a viewing. Then hire a real estate property surveyor to make sure the home is structurally sound if you're joyful with this real estate.
Nevertheless, Vahe Hayrapetian Real Estate has set you at a great edge in the real estate market. The commercial real estate I'm referring to is multi-unit apartment buildings. Yes, you are going to become a landlord, and No you do not have to do the work by yourself. You're the owner and not the supervisor of the apartment building. The rent income will a part of your expenses and covers the expense of owning and managing the edifice. Apartment buildings are thought to be commercial real estate if there are more units. To get the numbers work you need to consider to either own multiple small apartment buildings, or you also must go for larger buildings. This will definitely keep the cost to income ratio at a positive cash flow. Possessing rental properties is all about positive cash flow.