http://www.minnesotainvestmentrealestate.com/buying-property/why-buy-investment-property-anywhere-buy-minnesota/ How to find, buy, and own investment property. Tue, 07 Feb 2012 17:08:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.minnesotainvestmentrealestate.com/buying-property/why-buy-investment-property-anywhere-buy-minnesota/comment-page-1/#comment-1592 louis lewis Sun, 03 Jan 2010 17:03:58 +0000 http://minnesotainvestmentrealestate.com/uncategorized/why-buy-investment-property-anywhere-buy-minnesota/#comment-1592 I've been a small real estate investor for years, and have done quite well, and I am an ex real estate broker from the USA. You don't need spread sheets or real estate consultants to prosper. You just need common sense and then to go to MEXICO, or someplace like it. Invest in BEACHFRONT property. Meaning land for future speculation and single family homes you can rent by the week in tourist areas that are flourishing.NOT CONDOS! Case in point. I live near Cancun, and have turned over several properties at a profit over the years. I currently own a beachfront home valued at 1.2 million, and the lot next door, with a value of $600,000. The property generates 3-4 times what it costs to pay ALL operating expenses for the year, and the appreciation, though it slowed down last year, has grown an average of 30% per year for the last eight years since they began developing the area, with no let up in sight. I operate my properties myself, and have a full time caretaker to do the maintenance. Several of my neighbors are from guess where?... MINNESOTA!, and doing the same as myself. I also use the property when not rented. It's in paradise. I'm probably going to sell this year because I'm retiring. The area is booming. Occupancy is terrific. Why don't more people take advantage of this and places like it? Because they listen to the doom and gloomers who scream idiotic things like RISK!, FOREIGN COUNTRY! etc. What a crock! Who do you think is filling the resort hotels all year? Americans and Canadians, that's who! Many from Minnesota and Wisconsin every year. Some of the smarter ones have decided to jump in and own down here. Chew on this...my property taxes for last year, 2009, was $200 US for both properties! The investment advantages are many, if the investor doesn't subscribe to the media hype in the USA. If you could reason with real estate "PROS", there would be no real estate "PROS". I’ve been a small real estate investor for years, and have done quite well, and I am an ex real estate broker from the USA. You don’t need spread sheets or real estate consultants to prosper. You just need common sense and then to go to MEXICO, or someplace like it. Invest in BEACHFRONT property. Meaning land for future speculation and single family homes you can rent by the week in tourist areas that are flourishing.NOT CONDOS! Case in point. I live near Cancun, and have turned over several properties at a profit over the years. I currently own a beachfront home valued at 1.2 million, and the lot next door, with a value of $600,000. The property generates 3-4 times what it costs to pay ALL operating expenses for the year, and the appreciation, though it slowed down last year, has grown an average of 30% per year for the last eight years since they began developing the area, with no let up in sight. I operate my properties myself, and have a full time caretaker to do the maintenance. Several of my neighbors are from guess where?… MINNESOTA!, and doing the same as myself. I also use the property when not rented. It’s in paradise. I’m probably going to sell this year because I’m retiring. The area is booming. Occupancy is terrific. Why don’t more people take advantage of this and places like it? Because they listen to the doom and gloomers who scream idiotic things like RISK!, FOREIGN COUNTRY! etc. What a crock! Who do you think is filling the resort hotels all year? Americans and Canadians, that’s who! Many from Minnesota and Wisconsin every year. Some of the smarter ones have decided to jump in and own down here. Chew on this…my property taxes for last year, 2009, was $200 US for both properties! The investment advantages are many, if the investor doesn’t subscribe to the media hype in the USA. If you could reason with real estate “PROS”, there would be no real estate “PROS”.

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