Comments on: 5 tips to keep you in the Real Estate business. http://jonthansblog.wordpress.com/2008/08/07/5-tips-to-keep-you-in-the-real-estate-business/ Thoughts on Real Estate, Marketing. and everything else. Tue, 26 Aug 2008 00:34:29 +0000 http://wordpress.com/ hourly 1 By: Rob Arnold http://jonthansblog.wordpress.com/2008/08/07/5-tips-to-keep-you-in-the-real-estate-business/#comment-118 Rob Arnold Tue, 26 Aug 2008 00:34:29 +0000 http://jonthansblog.wordpress.com/?p=83#comment-118 You are right on with all these ideas. I spent some serious time in the last month re-evaluating my whole budget both business and personal. So many extra expenses that I things I really don't use. You are right about the rental properties also. The only thing is right now you have to buy them so cheap in order to make the rental profitable. So far all of my rentals except 1 were purchased under 100K, so they bring cashflow. The only problem is the quality of tenants is terrible and the vacancy rates are way up unless you slash your rental rates. The market is tough no matter which way you look. I've learned which people I don't want to talk to. Some people can really get you down. It is best to talk with people that are at least trying to do something positive with their business. You are right on with all these ideas. I spent some serious time in the last month re-evaluating my whole budget both business and personal. So many extra expenses that I things I really don’t use.

You are right about the rental properties also. The only thing is right now you have to buy them so cheap in order to make the rental profitable. So far all of my rentals except 1 were purchased under 100K, so they bring cashflow. The only problem is the quality of tenants is terrible and the vacancy rates are way up unless you slash your rental rates.

The market is tough no matter which way you look. I’ve learned which people I don’t want to talk to. Some people can really get you down. It is best to talk with people that are at least trying to do something positive with their business.

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