Put Your Worries To Rest, Read This Article All About Real Estate Investing

Investing is something that a lot of people consider, but not many know where to begin. Guides like these can help with that. If you are ready to begin learning about investments, you have come to the right place.

Always do your research, check out locations, and know about the market that you are getting into. You should view numerous properties and make a spreadsheet. This will make it easy for you to weigh the pros and cons of each property. This helps you figure out what deals are good.

Always educate yourself when it comes to real estate before making your first investment. Doing research allows you to gain helpful methods and tips to use. You can read books, watch DVD programs, sign up for workshops and take classes to learn all about real estate.

TIP! Know that your reputation will be incredibly important when you enter into this endeavor. Therefore, it is essential to be honest and forthright in all of your real estate dealings.

Before you jump into real-estate investment, educate yourself. Doing research allows you to gain helpful methods and tips to use. Your library can be a great resource for books and DVD on real estate, home repairs and other areas of real estate investing.

If you want to invest in real estate, you have to be committed to the process. You might have to reduce activities that could cost you later. Ditch the poker night or softball league that you go to in order to become a better investor.

Choose wisely who you allow to live in your rental property. The person will need to be able to give you money for the first month along with a deposit. If they do not have all of the money to begin with, there is a greater potential that they will be unable to maintain payments. So, the best idea is to rent to someone else.

Find and talk to other real estate investors. It’s important to reach out to others and get advice from those more experienced than yourself. It can be a great way to increase your personal knowledge. To find other like-minded people, the internet is extremely helpful. Sign up for some forums and start looking for area meetups.

TIP! Make sure you choose areas that have a buzz around them, especially if you can tell that early on. This is something that’s important because it will help the resale value of your purchase.

Know how much your time is worth. You may love rehabbing properties, but is your time worth the manual labor work? Perhaps you would be better off researching your next investment. When you can outsource work, do so. It is a good idea to keep some time free for the most important aspects of real estate investing.

What do you think? Does it now seem simple? Your exposure to this information should help you get off on the right investing foot. Get out in the investment world and use the tips you learned. This is the only way to put this advice to the test.

What You Need To Know About Real Estate Investing

Real estate investment can be a scary venture. You will want to do your homework. It’s profitable when you know what to do. Consider the ideas within this article as a potential starting point. Once you know more about investing, you can be more comfortable with your decisions.

Location is incredibly important in real estate investing. The condition of the property and other aspects can easily be changed. Properties in areas that are depreciating are generally bad investments. Know the area where you’re buying property.

Do your research before you start investing. Doing so can give you a lot of useful advice about how to make money in real estate. You can read books, watch DVD programs, sign up for workshops and take classes to learn all about real estate.

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Connect with other investors in real estate. It’s important to reach out to others and get advice from those more experienced than yourself. If you have friends who invest in real estate, that’s even better. Search out like-minded people online. Consider joining groups where you can learn more.

Try to invest in real estate in locations that are in-demand. This will maximize the value that you get when selling. Also, look for properties that are simple to deal with in terms of maintenance.

When contemplating your overall strategy, remember that your costs encompass more than just the purchase price. You will also need to pay staging costs, closing costs, and legal fees. When figuring out your margins, remember to include these costs as line items.

TIP! Investing in retail and industrial properties requires that you pay attention to two things. First, do not pay too much for the ground.

Don’t buy your real estate in a neighborhood that’s bad. Know the property before you buy it. The importance of research cannot be overstated. Great deals aren’t enough in a seedy neighborhood. Not only will it be harder to sell, it is at risk of being broken into or vandalized.

When thinking about buying up rental properties, you need to consider the advantages of hiring a property management company. The rent is your mortgage money and they should be able to pay for the rent. Otherwise, you may be forced to sell your rental property.

You must make sure that you’re up to date on your bookkeeping. Bookkeeping is easy to fall behind on, especially when you first start out. Your focus may be on other aspects of your investment. Good book keeping is crucial, though. If you develop the right bookkeeping skills early on, you’ll save yourself headaches and heartache down the road.

Location is critical in terms of successful real estate investing. Property condition must also be considered. Properties located in depreciating areas aren’t going to turn out well for you. You want to investigate property values thoroughly in those regions that intrigue you.

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Instead of waiting around and allowing the current market to change, you should dive right in to real estate. Procrastination is a big mistake in the real estate market. Timing is an important aspect of real estate and you don’t want to be behind the curve.

Real estate investments are slightly better than other forms of investment in that you can control risk through knowledge. This article will help. Heed the advice offered in this piece. Understanding real estate investing will help to ensure your success. You already have started that process. Continue to expand your knowledge and enjoy your real estate investment.

When you want to invest in a property, ensure that the rental income will take care of any mortgage. That way, you can get off on the right foot. You don’t want to end up having to dip into your own pocket to pay any part of the mortgage.

Have Questions About Real Estate Investing? Find Answers Here

Real estate investing can be a wonderfully rewarding way to make substantial income gains in a relatively short period of time. But, having knowledge before beginning the process is the best way to ensure success. The article ahead will give you some helpful tips to get you going.

Remember that reputation is key in this realm of business. Therefore, you should always abide by your word and never lie to a potential client. This makes you credible and people will become loyal.

Decide now what type of real estate you want to invest in. You may like flipping real estate. Perhaps, you’re more suited to doing rehab projects that need rebuilt from the ground up. The work for a property depends on what kind you are interested, so figure this out first.

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Get to know other people who invest in real estate. It is helpful to get pointers from others who have more experience. A couple of acquaintances that know real estate can help you out. The Internet is a place where you can locate help. Find forums to be active on and find meetings in your area.

If you’re considering real estate investing, you should contemplate the amount of time you can apply to managing your investment. Tenant problems can really kill your time. If you cannot juggle the responsibilities, think about hiring a property manager.

Learn from like-minded colleagues. There are many people interested in real estate investing. The fact is that such large numbers are interested in the topic, and business groups all over the country have it as their main focus. If you don’t have access to a local group, there are numerous online resources to pursue. Speak with people that are interested in this topic.

TIP! Be sure to choose investment properties that are in a well-known area in which potential tenants might be interested. You want to do this so that you will get the most value for resale purposes.

If you buy a property with a plan to rent it out, be cautious about who you choose to rent to. Also, make sure that they give you the necessary funds in advance. If they do not have all of the money to begin with, there is a greater potential that they will be unable to maintain payments. Keep searching for the right tenant.

When investing in real estate , you’ll recoup your initial investment, plus a profit. If you shoot for simply getting your investment back, you will have wasted time and energy. Renovations will need to occur and your price should be far above your cost to guarantee the return.

It is an unarguable fact that real estate investing has made many individuals wealthy. If you don’t have accurate information,it can be hard to get your foot in the door. Newbies to the field can benefit from the tips above.

Do not make the assumption that property values will always increase. This assumption can end up costing you a large sum of money. The most reliable investments are the ones that will give you a cash flow almost immediately. When your property appreciates, this will be added income.

Great Tips On How To Invest In Real Estate

Getting involved in real estate investing is a smart business choice, especially for anyone that takes the time to learn and take it one step at a time. It is essential to get the best information available prior to making any moves. Below you will find many solid tips to help you begin your real estate investment journey.

Purchase properties in a niche about which you are knowledgeable. You can have much more success at real estate investing if you stay focused within your market niche. Whether you are flipping houses, working with starters or dealing with properties with low down payments, stick to what you know for success.

Do proper research before real estate investing. Select a location, pick out a number of properties, and then go inspect and compare them. This will make it easy for you to weigh the pros and cons of each property. This will help you sift through the deals to sort good from bad.

TIP! If you plan on investing in the real estate business, you should get a business license. Not only will you receive protection, but all your future investments will as well.

If you’re seeking to invest in the real estate market, you must determine the time you plan to devote to managing your property. Problems with tenants may consume a great deal of time for you. If you are getting swamped with trying to manage it all, it can be wise to hire a company to manage your properties for you.

Try to listen as often as possible when talking to potential buyers. This will help you to get the best deal. When listening you can pick up on clues to help you succeed in getting the price you want.

Join online investment groups or locate blogs of real estate investors that are successful, globally. You will find advice and encouragement and be able to benefit from those more experienced than yourself. You can even sometimes have conversations with some of these people.

Know that your reputation will be incredibly important when you enter into this endeavor. Therefore, you should always abide by your word and never lie to a potential client. This gives you credibility with clients and helps you gain their loyalty.

TIP! Dedicate some of your time to learning what you need to know as well as running your business. You must budget your time wisely if you want to make good profits consistently.

When you are buying property for investment, you should hire an affordable handyman. If you aren’t familiar with things that need repairs, it can end up eating into your profits. A great handyman is helpful in emergencies that could occur after hours.

Don’t purchase real estate in areas where there are high levels of crime. Location is a crucial part of the investment process. Do your homework. A good deal may be because of high levels of drug use or crime. Not only could selling it be a challenge, vandals could ruin your hard work.

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The rent you collect should cover just about all of the mortgage you pay. By doing this, you will be starting on the right track. You don’t want to end up having to dip into your own pocket to pay any part of the mortgage.

TIP! Avoid bottom of the barrel purchases in real estate. There’s a reason that property is cheap, and you don’t want to be the sucker who finds out why! Invest what you have to into something of value that is more likely to return your investment.

Avoid using your emergency fund for real estate investing. Investing in real estate requires a lot of money that may be inaccessible for years. This shouldn’t affect how you live daily.

Invest as soon as you can when you learn about the business. It is important to buy into the market early and learn as much as possible. If you wait for a long time, you’re not going to be able to catch up with people that start right away.

Look at the economic forecasting in the region where your prospective properties sit. If an area has a high rate of unemployment and the job horizon isn’t forecasted to change any time soon, that can affect your property prices in a negative way. This means you could get small returns on your investment. However, a functioning city will bring you a good return on your investment.

When renting out your investment property, take great care in selecting tenants. The individual should be able to pay both the first months rent and a deposit ahead of time. If they cannot meet these basic monetary requirements, there is a great likelihood that they will be poor tenants, as well. Look for a different tenant.

TIP! Don’t buy your real estate in a neighborhood that’s bad. Pay close attention to where a property you are interested in is located.

When it comes to making real estate investment, the tips above will help. Make wise real estate choices and never rush into purchasing something based on emotions. Do your research to learn what you should know.

Handy Tips And Advice To Succeed At Investing

It’s easy to be successful with real estate investing. It is vital to learn all there is to know about the business. The information here is intended as a guide for anyone who’s ready to embark into the market of real estate.

As with any investment, you should do research, analyze the risks and invest wisely. Look at between fifty and a hundred properties in the area of interest. Compare them using good note taking and a spread sheet. Important qualities to weigh are expected rent, current prices and repair budgets. You will easily see which properties are good investments and which are not.

After you decide to start your real estate investing career, establish an LLC. This will protect you personally and professionally. As an added bonus, you should be able to get certain tax benefits because of your business transactions.

TIP! Always find out about the values of other properties in the area. Rent and mortgages in the local neighborhood can give you a much better feel of the value of a house than financial statements.

Find like-minded people and learn from them. So many people wish to become involved with real estate investments. In fact, there are lots of community groups that get together to discuss it. If you can’t find anything like this where you live, there are a lot of forums online where you can speak with investors. Get in the mix and learn from your peers.

When thinking about your real estate investments, consider the time you have available to dealing with the property. Tenants require time and energy. Before it becomes overwhelming, it can be a smart choice to get the help of a company who can handle property management for you.

Do not assume that the value of property will always go up. That can be a costly assumption. The safest investment is properties that will generate a cash flow right away. Property value increases will then add to your income and profits.

Find your comfort zone and stick with it. If you know your market, you’ll be more successful. You have a better chance of success if you focus your efforts on one area.

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A good way to make a nice income in this day and age is through real estate investing. Before starting to invest, however, people should learn more about the real estate market. When you put the suggestions and advice from this article to use, you can get your success underway and build a career.

Investing: What You Need To Know To Succeed

It might seem easy investing in real estate for a profit, but many people find out they wish they had further educated themselves first. In order to be successful, you need to have as much knowledge as possible. While the market is always unpredictable, your strategy doesn’t have to be.

Speak with people who share the same vision as you to gain helpful information. Real estate investing is very popular nowadays. So many people, in fact, that there are many community business groups that focus solely on this passion. If you cannot find a location near you, simply look online for forums and communities. So, join in and benefit from the exchange of information that networking provides.

Do not purchase anything that has not been inspected by an unbiased professional. If they offer to pay for the inspection, it may be someone that favors them. You want an unbiased report from a professional you can trust.

TIP! While negotiating, open your ears and keep quiet. This will help you to get the best deal.

Find a market you enjoy. It’s easier to manage several properties if they are in the same market segmet. Whether you plan to flip a house, purchase a rental property or buy foreclosure, you should buy what you know.

Do not make the assumption that property values always increase. Sometimes, you will lose money, which could cost you a lot. The best thing to do is to invest in a property from which you can obtain a positive cash flow right away. If the property value increases, that will be an added benefit.

You want to stay away from rock bottom real estate prices. Though the price may tempt you, you could get stuck for the long-term when no buyers are to be found. Invest what you have to into something of value that is more likely to return your investment.

If you are looking into rental property, make sure that the monthly note will be covered by the rent that it will bring in. This is a great way for you to break even. Nothing is worse than having to come up with money out of your pocket for the monthly rent because your renter’s monthly payment doesn’t cover it.

TIP! Evaluate neighborhoods just as you do the individual properties. Some neighborhoods are obviously a better value than others.

Make sure you can recoup your investment, and then some. It’ll be a waste of time if you don’t make a profit. Make necessary changes and renovations, and list the property for more than what you originally got it for.

A foreclosure listing service will keep you up to date on foreclosures in your area. Look at it this way, as others are hounding clerks at a specific court or begging a bank for information you already know the who what when and where and can plan accordingly. Finding accurate information is possible, since these tend to be up-to-date.

Endeavor to keep emotion out of the process of negotiation. Remember, you are buying this home as an investment, and you likely will not be living in it. Keep your emotions in check so that you do not overpay and end up with less profit potential. This will surely boost your takings.

When purchasing an investment property, it is a good idea to have an affordable handyman at your disposal. If you don’t, you’ll end up spending a fortune on various home repair specialists. A trustworthy handyman who is available after hours, is essential in case of emergency issues that may arise.

TIP! Should you look at investing in a variety of properties, keep them within a close, geographical area. This way, you won’t be shelling out a lot of money for gas or driving for hours to get from one to the other.

Try to buy in areas with heavy foreclosure rates if you’re able to hang onto a property for some time before you sell it again. These areas will bounce back at some point, and those who bought at low times stand to make big bucks. Remember that it may take some time before it is possible to sell and recoup your outlays.

This real estate investing information probably got you all excited. Avoid jumping right in and plan every move you make. This advice will help you to surpass the goals that you have.

Helpful Advice For Investing In Real Estate

Making money with real estate sounds easy to most people, and then they sometimes realize the hard way that there is much knowledge needed. You have to know what you are doing in order to succeed. You could not control what happens in the market, however you could certainly make the right moves.

Once you think you’re going to get into real estate investing, an LLC or a similar thing should be set up. Protecting yourself and your investments is the best way to proceed. Additionally, you may be able to get tax benefits for your business because of your dealings.

Learn about the real estate business first before investing. You might have to give up some leisure activities to accomplish this. To become a better investor, it requires total dedication each day.

TIP! When you look at the business strategy know that sunk costs go further than general home prices. You also need to factor in costs for closing, staging and legal matters.

Invest your time and energies into learning about the real estate market. You must budget your time wisely if you want to make good profits consistently. Ditch the poker night or softball league that you go to in order to become a better investor.

When you’re trying to come up with a strategy for business, know that the costs that are sunk go further than a home’s general price. You will also need to pay staging costs, closing costs, and legal fees. When you work on your margin, consider all costs and add these costs to the line item list.

When investing, you want to choose a property in a good location. This will maximize the value that you get when selling. Also, look for easily maintained properties.

Know the basics of real estate before you spend money. You can realize big losses if you don’t know what you’re doing. Investing in your own training is the best thing that you can do to protect yourself.

TIP! Don’t purchase real estate that is in a less than desirable neighborhood. Always pay attention to where you are purchasing a piece of property.

Spend more of your negotiating time listening than talking. If you do most of the talking, you may just talk yourself out of a good deal. If you listen, you may be able to get a reasonable price.

You can also pick up commercial properties to add to your portfolio and not just residential properties. Properties that are businesses can help you get rentals in the long term, and you can make a lot off of them. Strip malls and business complexes can offer you a lot of rental income streams for a single location.

You are probably excited about the real estate investing tips you have just read. Don’t start with this if you don’t know what you’re doing so you can plan out how things will work out for you. Following what you’ve learned in this article will allow you to be successful if you just try your best.

If you are thinking about purchasing real estate to rent, hiring someone to manage the property to help screen good solid tenants is a must. The rent is your mortgage money and they should be able to pay for the rent. Otherwise, you will quickly begin to lose on your investment.

Investment Advice You Absolutely Need To Know

Real estate is a great way to invest. If you choose to rent out property then you have complete control over the finances. If you would like to learn more about this area, keep reading.

Location is key when searching for an investment property. The condition of a property can be corrected; however, the location cannot be changed. If you invest in an area that is depreciating rapidly, you can count on losing your money. Know what you are doing and make sure to research the areas around where you live.

Don’t invest in real estate without educating yourself first. Doing so can give you a lot of useful advice about how to make money in real estate. Your library can be a great resource for books and DVD on real estate, home repairs and other areas of real estate investing.

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Locate and speak with other investors that are into real estate. It is essential that you connect with those who have more experience in order to get good advice. A couple of acquaintances that know real estate can help you out. Search the web for people who know what they are doing. Consider joining groups where you can learn more.

Keep up with online blogs and investment groups to keep up with the tricks of the trade of those already successful in real estate investing. This helps you stay privy to valuable information concerning the real estate market. You could even get to speak to these professionals directly.

When you look at investing in real estate properties, think about a couple guidelines. You want to make sure that you get a fair deal on the square footage. Second, don’t pay too much for the business. Think about how much the property should currently cost and figure out how much you can get for it. Both numbers need to be good for you to buy this property.

TIP! If you are looking at buying a property for investment purposes, you want the rent to be able to cover the entire mortgage payment. This allows you to feel confident about owning the property.

Choose wisely who you allow to live in your rental property. The person who is renting out the property should have enough money to come up with a deposit, along with first and last month’s rent. If they can’t manage to gather enough money, there is a high chance that they will end up falling behind on their monthly rent as well. You must then seek out a different person for the rental agreement.

When buying real estate, it’s a great thing to have an affordable and trustworthy handyman by your side. If you aren’t familiar with things that need repairs, it can end up eating into your profits. A reliable handyman can also address any emergency repairs that your tenants may spring on you at night.

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If you want to purchase different properties, make sure to do it in a certain geographical location. By doing so, you’ll control gas costs and save a lot of time when having to visit the properties. You will also learn lots about the area you are buying real estate in.

TIP! Avoid investing if you do not have cash in reserve. This is critical to have when repairs arise.

Research a city’s laws before buying real estate there. The city should have an official website. There you will find pertinent details that can influence real estate prices in the near future. It’s wise to invest in a city that is getting bigger.

Do not get too far in over your head when it comes to working to make a deal happen. You should keep some extra money in case anything unexpected comes up. If you don’t, you will eventually get yourself in trouble.

If real estate investing is something you’re considering, this article was a great start. It’s always smart to think over your options so you can make a good decision about things. Never let your money collect tons of interest while sitting in your account. This will result in more money for you in the future.

Find a county that has properties increasing in value. If there are problems with unemployment and foreclosures, then investing may not be the best choice. You’ll probably get a small return on your investment. A developing city will surely raise a property’s value.

Answering All Of Your Questions About Real Estate Investing Is Our Job

When it comes to learning about investments, you may want to keep things simple. That’s what this article is for. This article will give you advice on how to invest wisely.

Do your research on the market prior to making a real estate investment. Look at a bunch of properties to get a good idea on what locations are successful, and keep notes on it. Compare things like the costs of repairs, desirability of location and potential return on your investment. This will help you to weed out the bad apples.

Do proper research before real estate investing. Review 50 – 100 properties in a given area, and use a spreadsheet to document the info. You should look at prices, anticipated rents and repair budgets. This will help you to weed out the bad apples.

TIP! Location is definitely the most important aspect of real estate investing. Many other things like the condition of the property can be fixed.

When looking at investing in retail or industrial properties, consider two guidelines. Firstly, do not overpay for the plot. Secondly, don’t pay too much for the business. Take an objective look at the physical as-is property value and how much it could potentially earn as a rental. Each of these numbers must be good for you to decide to purchase the property.

Make yourself as knowledgeable as possible about investing before you lay down too much money. If you don’t stay mindful of your choices, you risk making some expensive mistakes. Get someone to train you on the real estate market before you jump in.

Understand that time is money. You may love rehabbing properties, but is your time worth the manual labor work? Is there another possible opportunity in play? When you can outsource work, do so. It is a good idea to keep some time free for the most important aspects of real estate investing.

Follow blogs by those who have been successful with real estate investments. Or, become a part of an online group. This gives you a place to gain valuable knowledge. You can even contact the expert directly.

TIP! Always check out the whole neighborhood where a property is before you buy anything there. Desirable neighborhoods will always hold their value, whereas depressed neighborhoods may not give you as good a return.

Don’t buy your real estate in a neighborhood that’s bad. Focus on the area of the home you are interested in. The importance of research cannot be overstated. If a deal seems too good, that may mean it’s located in a bad neighborhood. It might be difficult to sell and runs the risk of being vandalized.

Sure you could diversify your portfolio with real estate around the county, but why not look farther afield? What about the next county, state or even abroad? You will likely get some great deals in your area, and of course this is where you have the most knowledge and the easiest access. You should at least start there.

Don’t leverage yourself out all the way when you’re trying to set up a real estate deal. You should always have available cash reserves in your portfolio for unexpected expenses. If you do not do this, eventually you will suffer huge losses.

When thinking about the value of a potential investment, be realistic about the amount of rent you can charge. In the right area, you can earn thousands of dollars a year in rental income. When you are ready to finally sell the property, you can realize a much greater return on your investment.

TIP! When you purchase a property as an investment, it is a smart idea to look for a good handyman. Otherwise, your extra cash will be depleted by high repair expenses.

You should now find it much easier to start investing as soon as possible. You just need to put the advice from this article to use. When you are ready and in the game, you will be glad you did.

Want To Get Started With Investing? These Tips Can Help!

Entering into the real estate investing market can be very tricky to both seasoned veterans and newcomers. If you want to learn solid tips about real estate investing, you have come to the right place. Read on for some helpful ideas to see success in your real estate investments.

Do your research to find out what the local values are. Knowing what the rent and mortgage if other properties is will give you a better idea of what the value of your property is. When looking at things street level, you are able to make a better decision.

Make sure to gain a thorough understanding of local property values. Mortgages and rent figures are great for providing insight into home values. This will allow you to make a better decision regarding a given property.

TIP! When you want to invest in industrial properties or retail, think over a couple of things first. First one being that you don’t want to spend too much on the earth.

Do not invest in real estate without having a professional inspect the property for damage. Sellers often will cover the costs of inspections. However, it is best to use an independent contractor who is not connected to either you or the seller for best results. Hire someone you know and trust, or get a neutral party to inspect it.

If you are looking to invest in real estate, you should think about how much time you can devote to managing your property. Issues with tenants can take up a lot of your time. If you are getting swamped with trying to manage it all, it can be wise to hire a company to manage your properties for you.

If you purchase a property with the intention of renting it out, be careful of who you sign on as a tenant. Ensure the tenant can pay a deposit and the first month’s rent right away. If they are not able to get the cash together, chances are, they will also fall behind on their rent. Search for another tenant.

Find a group of other interested investors or read up on blogs from successful real estate investors. You will find advice and encouragement and be able to benefit from those more experienced than yourself. One of the bloggers may be interested in mentoring you.

TIP! Consider the possibility of renting the house out when you’re projecting how much a property is worth. This will let you make a lot of money while you’re renting the house out to the people you get to stay there.

Learn about the neighborhood and surrounding areas before you decide to invest in its real estate. Location is very important, and it is also important to understand the zoning laws. You should also investigate the special attributes of the property. Speak to potential neighbors to understand the rental potential.

Location is a big part of real estate. The most run down home or building on a great piece of property is often a much better investment that a great house in an undesirable area. Remember to keep the location in mind when you are choosing your next investment property.

As you can probably tell from the information here, you have to know what you are doing in order to be successful at real estate. You should now be armed with the basic knowledge that will help you to make successful decisions. You will be successful as long as you follow the advice here and keep these tips nearby.

Don’t purchase real estate that is in a less than desirable neighborhood. Location is a crucial part of the investment process. Do your homework before you make a decision. A good deal on a beautiful house may mean that it’s in a bad place. It may be hard to sell and it may be easily vandalized.