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PURSUE HAPPINESS

I just got back from a short vacation to Washington DC and then to Virginia.  It gave me a chance to rest up and I got to see for the first time a lot of historical places in our country.  I got to sit in the Supreme Court gallery although the court was not in session.  I saw the Capital, the White House, and most of the monuments.  The tour of Mt. Vernon was especially interesting.  Arlington Cemetery put in perspective just how many people have given their lives for the freedoms we have.

WORRIED ABOUT PROPERTY MANAGEMENT

One of the great advantages of buying well located investment property is that in most areas it is fairly easy to find a competent professional management company to run your investment property.  The usual fee for that is between 5-7% of the monthly gross of the property.  For that fee you will literally be able to have the company handle all aspects of running your property and just send you a check and report every month.  It doesn’t get much easier than that and the great news is you still retain 100% ownership of your property and you will be making all the major decisio

Availability of Capital

  As in any investment, the availability of capital (that is, money) limits the size of your investment.  The capital to purchase property traditionally comes from two sources: (1) the investor and (2) the lending market.   The first source of capital is the investor.  When property is purchased this capital is called the “down payment.”  Down payments generally range from 10% to 30%.  Therefore, the amount of money available to the investor limits the size of the property he can purchase.

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