Comments on: Real Estate

By: T-MobileSignal

T-MobileSignal — Wed, 27 Jun 2007 08:07:22 +0000

Too bad you couldn’t cash in all of them!

By: The Dino

The Dino — Sat, 07 Apr 2007 19:03:11 +0000

I see that US properties are realy cheap… Are there realy people who do have to rent and cannot buy?

By: Glenn Hawkins

Glenn Hawkins — Fri, 30 Mar 2007 22:44:14 +0000

Real estate is a real good idea, you can read off this guys blog I have run accross: http://www.livelearninvest.com/2006/04/12/condos-2-3-are-sold/

He has turned around a couple of properties for a large amount of money and he has lost money as well. He writes about why he lost money too so he tells you what to do and not to do.

By: Miami Realtor

Miami Realtor — Thu, 15 Mar 2007 23:29:38 +0000

It’s actually a good idea to manage your own income producing property for a minimum of a year if you really want to be serious about real estate investing in the long term. You’re a young guy Jon, you can handle it. It’ll give you GREAT experience and allows you to better choose a property manager once you’re ready to delegate the task.

Although I usually recommend to very busy middle-aged investors to hire a manager for their first property, in your case, definitely manage it. The potential for learning is invaluable.

By: CL

CL — Wed, 28 Feb 2007 02:50:56 +0000

“(1) land/property is unique and also scarce”

If every single person on earth were divided into 4 person groups and each group was given 1500 sq feet of living space you could fit every human being on this planet into the state of Texas.

I don’t dispute that real estate can be a good investment. I’m just skeptical that it’s a good investment now.

By: jerkybeef

jerkybeef — Mon, 26 Feb 2007 15:34:37 +0000

shit man… you don’t want to be a landlord… I hated it… three houses in Michigan, too many problems and too many late night calls to fix things. Get a good management company if your residentail portfolio is big enough. If not you may take a hit on your profits.

If you really want to turn a profit, look into commercial or multi-family units with a management company… Then you collect a check minus the tenant bs…

By: David Lithman

David Lithman — Mon, 26 Feb 2007 14:05:03 +0000

Like Will said, if you go through with this, just hire a propety management firm. The places you listed are for very low level income residents. I’m not trying to stereotype, but there might be a lot of BS going around. It would be best if you just had someone else deal with it all.

By: Will

Will — Mon, 26 Feb 2007 12:32:38 +0000

Everyone here makes good points. I would say, however, that Real Estate is still the best investment anyone could make, some of the reasons being: (1) land/property is unique and also scarce, (2) as cities and towns and populations grow so too does the demand for property which in turn drives up the land value (appreciated land values) – which also means that land closer to the center of cities and towns are more valuable (collect higher rents and better resale value), so if you’re in it for the long-run then you’re fine, (3) owning and renting even at a breaking even point (making no profit) will still yield longterm returns which can still amount to a return on investment which is better than what you’ll get by keeping your money in the bank – this also depends on whether the location is right (gotta do your homework on the location), (4) rich people everywhere (ex. Warren Buffet, Oprah, Rupert Murdoch, etc.) have all purchased investment properties, even property without tenants on it, either they know something or their just blowing money – my guess is that they know something. I could go on forever about it but I’ll just say that its a good idea to invest in Real Estate. I also see a lot of comments stating that there’s a lot of headache when dealing with renters, and what not. Well to answer that, you never have to deal with renters/tenants because there are professional property managers (usually a firm), who will do all the paperwork and dealings with the tenants for a small portion of your profits. I know that sounds bad but if you think about the money being made while the property appreciates in value along the headache saved by not dealing with idiot tenants then it makes sense to hire a property management firm (google it). At the same time you will still make a good chunk of money on the monthly rents received and still be able to concentrate on making bucks online. Making your money work for you is the goal.

By: Tim R

Tim R — Sun, 25 Feb 2007 18:54:27 +0000

The cost of homes for sale is now on the decline. Buyers go out and negotiate.

By: Jane

Jane — Sun, 25 Feb 2007 18:04:10 +0000

I may be mistaking, but your last post has a hyperlink titled “One more dick.” This may be a long shot, but I don’t think you meant to say that did you??