Posted by David Krulac on May 30, 2005 at 12:15:51:
I’ve owned property in 7 states. In general, Iwould not recommend for newbies. However, if you have a well thought out plan for buying, managing and exiting the investments and are doing it because you feel that there are bargains elsewhere, then MAYBE it would be a good idea. Often times as an outsider everything looks like a baragin. For example I went to Las Vegas on an real estate investment buying trip. Most of the people were from CA and thought that everything was a bargain because it was half priced compared to CA. That’s not the right comparision. Vegas property should be compared to other Vega sproperty to determine if its a bargain or not.