Posted by John B. Corey Jr. on September 02, 2005 at 11:25:56:
Ann,
RE investing is a very broad topic and there are lots of ways to invest.
If you have some cash it can be easier then trying to do deals with no cash. It is also easier to make mistakes when you have cash as you do not have to work as hard.
I will send you an email as there are some questions I want to ask that are best left a bit more private. That said, there are a number of things that can be discussed publicly.
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What part of the US are you in (if you are in the US)?
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What prior experience do you have with the buying or selling of RE?
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Any special trade skills (electrical, plumbing, etc)?
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Do you like working with people and would therefore consider being a landlord or are you more a numbers and contract person so prefer to stick to paper, etc.?
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Do you like calling people who advertise in the paper or otherwise have skills common to sales people?
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Define what a good profit would be in your world? Percentage terms is fine.
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Over what time period do you hope to invest? Some of the best ways to make money in RE is to buy and hold or other things that implies that you do not make a lot of money quickly.
John Corey
Chelsea Private Equity LLC