Thread: Real Deal

Good points! Your poor Tekno? I wish I had your type of poor though. Most people I know that deal in real estate tell me that if you deal in real estate multible properties is better because the market will depreciate from time to time and you may have to sell a property to pay the others mortgage.

Wait a couple years............:^

tsptorture wrote:

Wait a couple years............:^

Wait for what?

teknobucks wrote:

real estate can help stupid, poor folks(like me:P)build wealth much quicker than stocks for the following reasons:

1) leverage with safety...one doesn't need the luck required with stock options.

2) tax sheltering

3) appreciation

4) location dynamics

5) reits, partnerships, etc.

6)all while it cangive one a nicehome to live in!:^

looking forward to any ideas this board has!

tekno

Good points. Are you talking about someone's primary residence or rental property or both?

greg wrote:

teknobucks wrote:

real estate can help stupid, poor folks(like me:P)build wealth much quicker than stocks for the following reasons:

1) leverage with safety...one doesn't need the luck required with stock options.

2) tax sheltering

3) appreciation

4) location dynamics

5) reits, partnerships, etc.

6)all while it cangive one a nicehome to live in!:^

looking forward to any ideas this board has!

tekno

Good points. Are you talking about someone's primary residence or rental property or both?

both! also commercial stuff (can be bought for 100k in many small towns in usa)

rocket ship: http://tinyurl.com/428n8

greg wrote:

tsptorture wrote:

Wait a couple years............:^

Wait for what?

that is what most folks do. "u have to think and act now"

GOOD START: every bank has a list of REO's(real estate owned)...go in to the manager and ask to see it.

quite often they will give u the keys to go check it out. the financing they offer on this dead weight property is incredible!!!!! remember these properties are just sitting on the books NO INCOME at all for the banker.

stay away from any ARM's longer than 3 years...JMHO

My opinion on this you don't have to act now! Real estate will always be there, someone will always be willing to sell. Many investors are selling the appreciation idea but the truth is I feel the money to be made is in the location dynamics more than anything else. If your looking to buy real estate there is always good buys. Look for properties that have been miscared for and avoid anything with structural damage. If you have big money a person I know was telling me now that the larger investor is now buying properties then tearing themdown and building brand new and making money on it depending on the economics in the area. Real estate is not all glitter and a fast buck. Now if your into construction of buildings or homes many constructors will build a house and live in it until they sell it and then build a new one. In doing so they can keep it off the tax rolls. How do you do this? You never finish the construction until you sell it.

cowboy wrote:

My opinion on this you don't have to act now! Real estate will always be there, someone will always be willing to sell. Many investors are selling the appreciation idea but the truth is I feel the money to be made is in the location dynamics more than anything else. If your looking to buy real estate there is always good buys. Look for properties that have been miscared for and avoid anything with structural damage. If you have big money a person I know was telling me now that the larger investor is now buying properties then tearing themdown and building brand new and making money on it depending on the economics in the area. Real estate is not all glitter and a fast buck. Now if your into construction of buildings or homes many constructors will build a house and live in it until they sell it and then build a new one. In doing so they can keep it off the tax rolls. How do you do this? You never finish the construction until you sell it.

you r right on re: location!!!

and it depends on your location as to what style will work. around here folks are buying pre-construction and selling prior to completion for a handsome profit. waterfront on the ocean, rivers, or even marsh has been climbing at an incredible rate. (so have the taxes:X)***seems like we need some kind of corection to make it sane.

the beauty of the whole thing is you r buying a chunk of america!!!

check out this cool patriotic link that just came in the mail: http://www.jacquielawson.com/viewcard.asp?code=1545489532

this area has been rampant with folks fliping a property prior to occupancy:

http://www.northhampton.com

another real shaker:

http://realestate.aipfl.com

getting ready 2 retire...can not go wrong with this : http://www.ameliapark.net

or god's waiting room: http://www.osprey-village.com/Our_Community.html

and as you can see the pricing on this stuff is a far cry from the crazy prices in calif. or the NE! http://www.ameliaislandliving.com/em...icle_325.shtml

http://tayloredwards.com/searchlistings.htm

tekno

better post this before some ho jumps me...LOL

http://www.ameliaislandliving.com/em...icle_297.shtml

teknobucks wrote:

or god's waiting room:

hahahha

At Osprey Village, first impressions become lasting memories.

Ummm.....or not!