The real secret is to buy only in situations in which debt servicing costs are less than rental income minus expenses . Investors most often get into trouble in negative cash flow situations . A bankruptcy in real estate terms is known as a foreclosure . This is when the bank or other lender takes possession of the building because the buyer can't meet payments for a period of time . Foreclosures are the closest thing to personal bankruptcy , and stay on a person's credit record for seven years . (bankruptcy stays for ten .) A more amicable situation is one in which the owner hands title (as symbolized by the keys and deed ) to the property to the lender in lieu of foreclosure , but this also involves a seven-year record . One or more missed payments followed by a catch-up will not lead to foreclosure , but this information does damage a credit record for some years .

　　To buy in a turnaround , the most promising situation is one in which the neighborhood and properties are already being improved by the current owners . It is good sign if developers are moving in . (But this is smart money . ) The largest profits are made just before the developer stage , when individuals are fixing up the property . The quality of the people is even more important than the quality of the buildings . A blue-collar neighborhood with stable incomes and families may be a better bet than one inhabited by young singles who move out every few years . Seattle , Washington , was a case in point when the aerospace industry laid off people .

　　房地产的秘密就在于只有在这种情况下才可以购房，即债务偿还开销要低于扣除份额中日常开销之后的租金收入。投资者很容易陷入负向现金流动的困境之中。止赎是房地产破产中的著名条款。此即由于买方考试&大一定时期内负担不起还款，该房产便收归银行或其他贷方所有了。止赎权与个人破产的信用记录保留期限最为接近，要保留7年（破产为10年）。一个更为和睦的处境就是所有者将财产所有权（以钥匙和契约表征）交与贷方从而避免破产，可这也要在信用记录中保留7年。一个或多个忘还的款项随后补交之后虽然不会导致止赎，可却会在信用记录中保留多年。

　　转型期购房，此时最有价值的投资就在那些已被现有业主开发的小区和物业。如果开发者进入，这就是一个好的标志。（可这获利甚微。）要想获得较大利益，就要在开发者进入之前动手，即人们开始解决物业之时。人的因素考试&大要比物的因素更为重要。有稳定收入及家庭的蓝领公寓与那些没几年就搬一次家的单身青年聚居区要更值得搏一把。对此，西雅图、华盛顿在航空和航天工业裁员时就是再恰当不过的例子了。
关键字:房地产英语
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