The owners have MUCH deeper pockets. To most of them, owning an NBA team is just a side gig. None of them got wealthy from owning their team. They all made their money elsewhere first. The players obviously don't have that luxury
The owners have MUCH deeper pockets. To most of them, owning an NBA team is just a side gig. None of them got wealthy from owning their team. They all made their money elsewhere first. The players obviously don't have that luxury
Hey VaGixxer,
where did you learn about the different types of real estate investment? I learned most of what I know from a college professor who basically taught us how he got rich based on the income producing properties. I have most of my capital tied up in that now, but I'd like to learn...
The reason you can do that is because depreciation is supposed to just be deferring taxes. Not sure if you know anything about accounting but I"ll try to explain in the simplest terms possible:
Say you buy a house for $500K (cash, assuming no mortgage).
If you sell that same house tomorrow...
Of course you have to educate yourself. There's no such thing as a risk-free investment (apparently not even US Treasuries..hah).
But housing prices are so low now, that the rental market makes a lot of sense. Run the numbers and see for yourself. All those homeowners that foreclosed on their...
Real estate is a local game. If you're inexperienced, don't buy property halfway across the country that you can't keep tabs on. Start by buying in markets that you're familiar with. Something might look attractive on paper, but most likely you'll run into all types of little problems that you...
Are you familiar with the bay area?
You can get a fairly new house in the Antioch/Brentwood area for about $100/sq ft. So a 2000 sq foot single family home will run you about 200K. Market rent is between 1800-2000 a month.
So assuming you put 25% down (typical for an investment property), your...
Another great thing about investing in income producing properties vs flipping are the tax benefits.
When you flip, you have to pay tax on the capital gains.
When you invest in an income producing property, you can take depreciation on the property every year, so its possible to report a new...
You know rents have dipped in the last year? People are sharing dwellings due to the economy. You up the rent, tenants will up and leave.
If you're trying to flip, make a quick buck, then yea, it's not a great time. I'm talking about long term investment. You won't see any meaningful...
you should check out www.biggerpockets.com
if you have the means, right now is the BEST time to get into real estate investment (income producing properties). You know how everyone always says 'buy low, sell high?'. Well now is the time to buy low. You have a perfect storm:
1) Housing prices...
OOO, Vegas, what a feat.
"income property" doesn't turn into "income". You use that "income" to pay off your mortgage. If you're lucky enough to get more then that goes to paying maintenance, property taxes and insurance (if not included in escrow mortgage) and utilities if you're providing...