|
|
 |
 |
|
 Elite Fitness Bodybuilding, Anabolics, Diet, Life Extension, Wellness, Supplements, and Training Boards
 Chat & Conversation
 Does anyone here invest in REAL ESTATE???
|
| Author | Topic: Does anyone here invest in REAL ESTATE??? | ||
|
Moderator 
Posts: 1925 |
Just wondering if anyone here has any experience with real estate investments, eitherin development or as a landlord. Advice from realtors is always welcome.     | ||
|
Amateur Bodybuilder 
Posts: 105 |
Realtor here Mav. What is the problem bro assuming there is one. E-mail me if I can help. | ||
|
Elite Bodybuilder 
Posts: 1261 |
I don't have experience myself, but I have help my parents locate and find good sites, I have taken 2 or 3 real estate courses, once I graduate, I will get some loans and get involved. There is some serious money to be made in this business. ------------------ | ||
|
Pro Bodybuilder 
Posts: 543 |
my grandfather left me two houses in his will. He passed on about a year ago. I have since sold the houses,reason being they were in a bad part of town,and the tenants were just uncooperative. Sometimes i would have to go to court to get them to pay. Before my grandfather passed,one of his houses was destroyed in arson. The tenants always wanted everything updated and fixed on the spot,etc. It was in my best intrest to sell the damn things so i wouldnt have to deal with all the bull shit | ||
|
Pro Bodybuilder
Posts: 456 |
Why do you ask? From my point of view Real Estate investments beat out any other type of investments, nothing compares to the after tax returns within a C corp. Matt, read Rich Dads guide to investing, it should point you in the right direction ie real estate... Good luck..bro ------------------ | ||
|
Moderator
Posts: 1925 |
Thermo - interesting story to the downside of real estate. Zeacky - I hear you bro - I am actually looking into different methods of tax relief and this is one I am pursuing. More input from others...... | ||
|
Elite Bodybuilder
Posts: 1260 |
Matt, My parents have reits, my mother is a realtor, and we have 3 houses, 2 of which are rentals...any other questions IM me... ------------------ | ||
|
Amateur Bodybuilder
Posts: 51 |
I am a Realtor and also own 3 multi family homes which I rent out and 2 single family homes. Real Estate can be a great investment and good tax shelter. This year I sold a multi family home for 280,000 i paid 125,000 2 years ago.Prices in my area are increasing about 20% per year, especially near the beach. | ||
|
Moderator
Posts: 1925 |
FloridaGuy - I was just in Ft Lauderdale not too long ago - I see all kinds of new development going on. I assume it is the same where you are and that it will continue. Blackhaus - I will IM you. Has anyone ever bought a home at an auction? | ||
|
Elite Bodybuilder
Posts: 1260 |
Matt, R u looking to buy a house?? Look into forclosures....thats a good way to a NICE house that ends up being less costly... ------------------ | ||
|
Elite Bodybuilder
Posts: 1042 |
bump | ||
|
Guru
Posts: 3325 |
HUD homes hud.org I deal in the industry in a related way, all I know is its a shitty time to be buying a house (for investment not tax purposes) at least in So Cal, everything is so inflated right now. I will be buying a house after the new year, Id rather buy when the prices are deflated and make more money, but I need some help on these damn taxes now. Slopain | ||
|
Cool Novice 
Posts: 15 |
negative  | ||
|
Freak 
Posts: 1803 |
Matt, Rental Property Pros: 1. Income above the mortgage. Rental Property Cons: Anyway, thats all I got. ------------------ | ||
|
Amateur Bodybuilder
Posts: 51 |
i am 20 miles north of Ft. Lauderdale. And there is alot of development in this area(Boca Raton, Delray Beach) the prices tend to be higher than Ft Lauderdale. And yes they do expect the building boom to continue because Florida gets a net migration of almost 700 people per day. | ||
|
Moderator
Posts: 1925 |
FloridaGuy - that's fucking incredible - 700 people per day.....but I've been visitng Ft Laud regularly for about 3 years and there is always something new being built. BlackHaus - this is the most we've talked in months :-). I am looking into buying a house, although right now the prices are inflated, (here too Slopain in NY), but as the economy correcrts itslef, the prices will drop. I am looking into foreclosures although with the current economy, there are fewer of them.
Great stuff so far. Keep it coming.... | ||
|
Elite Bodybuilder
Posts: 1260 |
Matt, We don't talk anymore b/c SOMEONE FELL OFF THE FACE OF IM! ------------------ | ||
|
Amateur Bodybuilder
Posts: 51 |
If you want to make big money in real estate in south Florida buy historic homes. Florida has so many new cookie cutter homes that people crave something different. I sell historic homes in Delray Beach (which is next to Boca raton) left and right. An example I just sold a 2 bedroom 1 bath 70 year old home 1300 square feet for $325,000. This same home sold for $180,000 in 1998 and $85000 in 1993. Also anything near the beach is good to buy. A home just sold in Manalapan 5 miles from here for 24 Million.But usually ocean front homes sell between 3.5 mil. to over 10 mil. | ||
|
Moderator
Posts: 1925 |
Florida - I'll email you. I may email some others as well, but thanks for your help to this point. | ||
|
Cool Novice
Posts: 43 |
I had a condo rented out for the last 7 years. I've had 2 tenants during that time and have had no problem with rent collection(maybe a bounced check once which was cleared up quickly)or damage to the property. I'm constantly looking for other income property which I could be cash positive on. That is pretty difficult given the current market in CA. This market can't go on forever. Any tips you bros have would be appreciated. |
All times are ET (US) | |
 |
Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.45c
posted November 26, 2000 03:06 PM
AACK!!!