Rental Property Investing - Examine Leases Carefully
Friday August 17, 2007
With all the hype out there about getting rich investing in real estate, it's important that investors always think of it as a business, and not an easy one in which to succeed. Our course on math for real estate investors is popular, particularly the spreadsheet with the various valuation items on it.
Since a lot of real estate investment involves the purchase of rental property, whether a single home, duplex, fourplex or apartments, the successful investor really needs to pay close attention to the leases that are in place. It isn't just a case of how much or how long. Other factors, such as renewal options, market rents, and landlord disclosure are all important. For a list of important factors with explanations, check out our article on examining leases for rental property investment.
I’m interested in investing in properties throughout the world. I live in australia, but every time a property is purchased here, I am hit with stamp duty which is a very large government tax – I can often pay $50,000 just in tax for one property. This is needless to say unfair, and it substantially reduces profits. I would therefore like to buy property offshore where the tax is at least reasonable. I am a professional roulette system player so I travel extensively and can visit any country. What countries jurisdictions are best for property investing? Rather than pay my solicitor a fortune to determine this, perhaps someone can help me for free. Anyone with any appropriate advice of information can contact me through my site or email me. thanks.