Real Estate investing gives us options: Should we hold rental real estate, or turn it over for faster profit?

There are a lot of real estate investors who have a great fear, or dislike of keeping property for more than a short time. They only want to wholesale, or rehab and sell the property. I understand the fears of being a landlord. You can have tenants who mess up the property, don't pay, and you have to evict them, buildings have unexpected maintenance issues, there will be vacant units you need to have rented, a multitude of problems. But there are a few ways to deal with those issues, let's take a look at some of them.

First, let's start at the very beginning.

When you buy a property, you have to buy right. By that I mean you have to have enough income from the property to pay for all the costs, including mortgage, taxes, insurance, maintenance, vacancies, & repairs. Then you want to have some money left for you. Remember, you are in business to turn a profit! If there is not enough profit in the deal, walk away. You will be glad you did. There are many deals out there, don't be too anxious and buy the wrong one. One of the biggest mistakes investors make is too pay too much for the property, then they are under a lot of pressure to get units rented quickly, and that can cause them to rent to some people they may not have rented to, if not under that pressure.

Once you purchased at the right price, this gives you more options. You can manage the property if you want, but if you intend in buying a lot of properties you may either need to hire a property management company, or start a management company. If you are a person who does not want to deal with the daily problems of maintenance and tenants, using a management company may be your best option. Then all you need to do is keep your eye on the management company to be sure they are doing their job well, and you will be free to find more deals.

Why do we want to keep property instead of selling for profit? Real estate builds long term wealth. When you wholesale properties, or buy and resell, there are a lot of profits to be made, but you have to continue to do that for your income to continue. When you buy a good property, you will have rental income, (possibly lease option fees), and almost always you will have appreciation. Renters are paying for your houses, and apartments. At some time in the future, those properties could be paid off. Think of the income you can have with houses that are paid off! How may houses would it take to give you an incredible income?

I actually choose to do both. I buy some properties to resell for quick profits and I keep rentals to continue to build my future wealth.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

How To Sell My House Fast In Boise Idaho
Selling your home in Boise Idaho these days is not an easy and quick process. Boise is the capital city of Idaho and is located in Ada County along with Eagle, Star, Meridian and Kuna. In July 2007 there were 5,198 houses for sale in Ada County and only 12.4%, 648 of them sold. That means the rest ... more...

10 Quick Tips for Home Sellers
With today's changing real estate market, home sellers need to take extra care preparing their home for a top-dollar sale. Home buyers have more houses to choose from and will select the home that stands out from the other houses they preview. These tips will help you attract a buyer: 1. Start at ... more...

For Sale by Owner in Michigan-A Huge Growing Trend That Helps Motivated Home Sellers and Buyers
One of the biggest advantages when you list your home for sale by owner in Michigan is that you know you are going to make the profit, not a real estate agent. The real estate agent can charge up to 6% commission of the total price, which can severely cut into your bottom line. Although it's not ... more...

Negotiation Of House Property
House property can be sold in the market in different ways. There are more number of ways can be followed in the sale of house property. Any buyer or seller can enter in to or exit the house market. Most of the people know that the real estate market is the profitable market and it is good ... more...