Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 124

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 155

Strict Standards: Non-static method modules_html::modoutput_table() should not be called statically in /home/marketne/public_html/includes/frontend.html.php on line 102
Main Menu
Home
News
Contact Us
Search
News Feeds
Articles
Financial News
Real Estate News
Directory

Strict Standards: Non-static method modules_html::module2() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 155

Strict Standards: Non-static method modules_html::modoutput_table() should not be called statically in /home/marketne/public_html/includes/frontend.html.php on line 102
Home arrow Real Estate News arrow General News arrow Thumping the path to income-producing property

Strict Standards: Non-static method mosMainFrame::sessionCookieName() should not be called statically in /home/marketne/public_html/includes/frontend.php on line 33

Strict Standards: Non-static method mosCache::getCache() should not be called statically in /home/marketne/public_html/components/com_content/content.php on line 33

Strict Standards: call_user_func_array() expects parameter 1 to be a valid callback, non-static method HTML_content::show() should not be called statically in /home/marketne/public_html/includes/Cache/Lite/Function.php on line 114

Strict Standards: Non-static method HTML_content::_Itemid() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 434

Strict Standards: Non-static method HTML_content::_linkInfo() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 437

Strict Standards: Non-static method HTML_content::Title() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 452

Strict Standards: Non-static method HTML_content::PdfIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 455

Strict Standards: Non-static method mosHTML::PrintIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 458

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/marketne/public_html/includes/joomla.php on line 2216

Strict Standards: Non-static method HTML_content::EmailIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 461

Strict Standards: Non-static method mosAdminMenus::ImageCheck() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 709
Thumping the path to income-producing property
Strict Standards: Non-static method HTML_content::EditIcon() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 611
Print E-mail

Strict Standards: Non-static method HTML_content::Section_Category() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 493

Strict Standards: Non-static method HTML_content::Section() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 734

Strict Standards: Non-static method HTML_content::Category() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 737

Strict Standards: Non-static method HTML_content::Author() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 496

Strict Standards: Non-static method HTML_content::CreateDate() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 499

Strict Standards: Non-static method HTML_content::URL() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 502

Strict Standards: Non-static method HTML_content::ModifiedDate() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 518

Strict Standards: Non-static method HTML_content::ReadMore() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 521
Thursday, 14 September 2006

Strict Standards: Non-static method HTML_content::TOC() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 508
CHICAGO--  Real estate investment does not immediately give a quick result, which was the usual promise of many who has been in this business for so long.  But for investors willing to do some hard work, making a good purchase and proper management can make substantial rewards. 

One of the approaches is to get an income-producing property like a single-family home, apartment building, an office or retail building or farmland. These forms should have the intent to rent the property or units within it.  Investors benefit from rental cash flow.  Also, there is an inflation protection as operating cost increase.  Rents can increase as well. 
  
Real property investment is not as liquid as putting money into the stock market.  Also, they are often cyclical in nature. 

"Everyone brings a certain amount of sweat equity," said Kyle Cascioli, an adjunct professor of real estate at the University of Denver's Burns School of Real Estate and Construction Management.

The value is on the management side. Those thinking about becoming landlords should do some soul searching before deciding whether they can handle the job, said Thomas Lucier, a Florida-based real estate investor and author of "The No-Nonsense Real Estate Investor's Kit." Nine out of 10 people aren't suited for the business of managing tenants or the constant upkeep that the property will require, he said.


Deciding whether the property is affordable involves a little more homework.
Budget every cost that will be tacked on to the price, including closing costs and insurance. If the property is a fixer-upper, inspections should prove its structure is still sound; make sure to add improvement estimates into the equation, including a cushion for unforeseen extras.

Just as important as having a plan to enter the market: having an exit strategy. Investors should estimate how long they expect to hold the asset, said Joseph Fisher, president of Indianapolis-based Real Estate Investment Services Corp., which specializes in developing, leasing and managing investment real estate.


Many investors partner with others to afford a purchase, but you'd better be comfortable with the arrangement, Fisher said. Sometimes a partnership teams up a novice with a real estate professional who has knowledge of the business. Especially for the newcomer in this scenario, review a real estate investor's past performance before agreeing to work together. 


Edwina Baniqued

 
Strict Standards: Non-static method HTML_content::Navigation() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 532
< Prev   Next >

Strict Standards: Non-static method mosHTML::CloseButton() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 535

Strict Standards: Non-static method mosHTML::BackButton() should not be called statically in /home/marketne/public_html/components/com_content/content.html.php on line 538