Quotes of the Day

Real estate is truly international. Of course some countries like Japan make it exceedingly difficult for foreigners to invest in their country. But there are many countries where there are no or minimal restrictions. Right now the prospects for Prague and Budapest are tremendous. [2001] - Dolf de Roos

To ensure marital bliss, a man needs to be 1.09 times taller than his partner. [2004] - Allan Pease

7% of the selling price is an estimate of cost of sale that has traditionally been popular among income-property investors. This amount would presumably be sufficient to cover the legal and brokerage costs for a typical transaction. [2004] - Frank Gallinelli

Renting seems to be more advantageous for people who do not plan to stay in the same premises for more than four to five years, and buying is more advantageous for those who decide to stay for a longer period. [2013] - Dan S. Barnabic

Apartment houses and commercial properties offer greater opportunities, but these tend to come with higher risks, more problems, and require greater knowledge. The cost of buying an apartment building as a multiplier of the total rents is much less than for single-family residences. If you have your expenses under control and factored into your purchase price, they could show a better cash flow. You acquire tenants much faster. And it's easier to raise the rent in apartments. [2004] - Mike Summey