Technorati Tags: Cheap Land in America

I live in a flat and I want to know if a neighbour has had the lease extended, how much they paid for the lease extension and the value of the property at the time. Will the valuation Office give me that information?

nope

How can I genuinely buy property with no money down?

easy.

call up ever seller in your area and offer a lease 2 purchase contract for $1. Most do not even know they can sell the home that way.

What real estate/mortage investments will survive? I own several REITs and similar investments. Don’t worry, they’re a part of a diversified portfolio. I was happy with them until the recent subprime mortgage meltdown. Now, most of them are down. That’s ok with me if they’re going to recover, but I keep hearing rumors of bankruptcy. What companies do you think will disintegrate and which ones do you think will eventually recover? I personally own NHI, IMH, NFI, NCT, AEC, and AHR. I’m not going to panic sell or anything. In fact, I was thinking of buying some more in about six months if any are good.

The 4 most secure are nly, cmo, lum, tma

I see all of these infomercials that talk about how easy it is to invest in real estate with little or no money down. I was just wondering if anyone has tried this, if so does it work and how?

If it seems to good to be true then where’s the catch? I have owned apartment buildings before, and if you are around long enough you get to know people in the banking business. At one point I got to know the vice-president in charge of real estate at Hudson City Savings Bank in New Jersey. I had already been a party to one transaction with the bank, a 29-unit half-abandoned building in Jersey City. One day he offered me a property, and suggested I go take a look at it. Turns out it was a massive brick apartment building, totally abandoned, sitting on on entire city block just off Bergenline Avenue in Jersey City. As I recall it had something like 42 apartments. He offered to sell me the building for just one dollar.

I turned him down. That is as close to ‘no money down’as you can get, heck, this was no money at all, yet even at that price it was a terrible deal. Sure, you can get these things for no money, I’ve been there, but you better have access to massive amounts of capital for renovation and upgrades, and I’m talking anywhere from tens of thousands to millions. If you don’t have the means to carry it and improve it, you better think twice before you get into something that can literally slay you.

A lot of the real estate moguls who sold seminars on no money down deals in the late 70s and 80s ended up bankrupt, which ought to tell you something.