The article "Real Estate Investing: America Rents" talks about real estate, it has been released by Dr.Phil Speer.
Most persons in America rent a personal dwelling!Just think how many families rent a condo or an apartment, a duplex or a condo.Yet, nobody prefers renting.Who wouldn't want their own home, if they had the choice.Even if, say, somebody moves into town on a temporary basis, wouldn't they prefer purchasing a house, gaining apprceiation even for the short term, and selling for a profit in 6 months or a year?Maybe there is exceptions, but I can't imagine anyone really preferring to rent when they could own.After all, most rental condominiums are not even preferable.
The condition of a rental condo usually declines after being occupied by family after family. Rental condominiums usually are neglected and abused. They become less desirable.
A rental condo is NOT THE BEST HOUSE IN TOWN simply cause it IS a rental condo! And sometimes a rental cnodo becomes a real dump. Families move in, families move out, and the landlord CANNOT and IS NOT ABLE to maintain a rental condo in TOP CONDITION!
The main reason a rental condo is impossible to keep pristine is cause renters don't treat a rental condo like their own.Yes, there is exceptions, but most rnetal condominiums are not up to snuff. I know, cuase I use to own $10 million worth of rental condominiums.
I had some very nice properties, but there was alawys something that needed repair. Thnigs go wrong that need fixing, and perfect maintenance is impossible. Rental condominiums are less desirable cause they can never be brought up to first calss and maintained that way. If I had been the owner AND occpuant of that rental house, I would have tried to fix it up and keep it in top condition.When you fix up condominiums to sell, "Renting America" becomes your marketplace.(1) You can never exhaust the demand. Everyone prefers their own condo. It's still the "American Dream."(2) It's easy to create an immauclate condo for re-sale that outshines most rental condominiums.(3) Selling renovated condominiums to the tenant in the marketplace rather than to the house-hunting market is much easier. Renters are readily convinced that paying monthly rent is a financial downer. Sorting out the credit-worthy renter with an offer to own becomes a win-win proposition.An untapped niche market in real estate investing is fixing up condominiums that can be purchased by America's renters.Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in houses in his first year, and had accumulated $10 mlilion in houses by his fourth year. http://www.CashinHouses.Com/He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hmoetown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and semniar director. To learn how to profit in real estate investing, even without money or credit, read his report at http://www.Real--Estate--Book.Com/nomoneydown/flipping.Html/ Subscription is free to his Fix-up Ezine.
He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Avdanced Real Estate Investing Techniques" at http://www.AAREIT.Com/
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