Zillow Advice: Investing - Hello, should I buy cheap properties here and rent them out? http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ Zillow Advice | Zillow Real Estate It is not a bad idea if you ... http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ It is not a bad idea if you can rent and get positive cash flow by renting them out. However make sure you have a good business plan in place. It is nice to cash your rent checks every month. But is not easy to be a landlord. You must be ready for this!<br/><br/>&nbsp;Also, if you decide to buy,&nbsp;and you dont have experience dealing with tenants, my advise to you is to hire a good and reputable property management service. Mistakes in this business can be really expensive<br/><br/>Good Luck! Thu, 06 Sep 2012 20:53:00 GMT http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ 2012-09-06T20:53:00Z Cheap properties are rarely ... http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ <p class="MsoNormal">Cheap properties are rarely cheap.&nbsp; Start up and ongoing costs can change a Landlords ROI in a hurry.&nbsp; Problems in cheap properties can come from within the property (maintenance or tenant issues), but they can also migrate from other units.&nbsp; Problems caused by water, bugs, foil odors and noise from other units may be another owner's fault, but may cost the landlord in the interim.</p> <p class="MsoNormal">Cash flow from a rental property is never assured, because landlords ALWAYS get paid last.</p> <p class="MsoNormal">With a limited amount of money to invest in real estate, it seems wiser these days to become a lender, and own the beneficial interest in a property rather than owning the property itself.&nbsp; I agree we all need a roof over our own heads, possible 2 or 3, but being a profitable landlord is hard work!</p> Sun, 15 Jul 2012 18:33:00 GMT http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ 2012-07-15T18:33:00Z Discuss rental history of ... http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ Discuss rental history of the properties you want to buy with a buyer agent, before you embark on your investment.&nbsp; Oftentimes it is better to buy not so cheap properties and get better and more steady rent. Fri, 06 Jul 2012 23:30:00 GMT http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ 2012-07-06T23:30:00Z do your due dilligence!&nbsp; ... http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ do your due dilligence!&nbsp; Some "cheap" properties can be a nightmare and not so cheap by the time you have them rent ready.&nbsp; More than likely you will codes and ordinances that you must abide by as well.&nbsp; There are many "investor" web sites that provide free calculators to help you decide if a property is worth the investment.&nbsp; You may also want to speak with a local realtor to get comps and rental rates over the last few months.<br/>There are several investor "guru" types in the Phoenix area - look into local real estate investor clubs as well!&nbsp; You will often find like minded people willing to help you out.<br/>-Buck Wed, 04 Jul 2012 19:29:00 GMT http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ 2012-07-04T19:29:00Z "Cheap" properties doesn't ... http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ "Cheap" properties doesn't mean you're getting a good deal.&nbsp; You want good property in good areas that attract good tenants.<br/><br/>If you can afford it, stick to single-family homes (like the ones on our website.)&nbsp; They provide cash flow, stability, and long-term growth.<br/><br/>Call us with any questions.<br/><br/>Marco Santarelli Wed, 04 Jul 2012 17:47:00 GMT http://www.zillow.com/advice-thread/Hello-should-I-buy-cheap-properties-here-and-rent-them-out/449637/ 2012-07-04T17:47:00Z