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Old 02-28-2006, 11:37 PM
PPPJJJFFF PPPJJJFFF is offline
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Default Real Estate Investing?

Can anyone recommend a book or course on Real estate investing. I've never gotten involved in the past but would like to learn about it. Great people on this board. I thought some could steer me in the right direction.

Thanks in advance! Patrick
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Old 03-01-2006, 01:23 AM
Pantera Pantera is offline
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Default Re: Real Estate Investing?

First off, You should have bought a bunch of it about 25 years ago....

LoL....



Seriously there is a lot of pitfalls in investing that way. It is best if you are in a cash situation where you can own it with out debt.

Some of the best places to pick up good deals on property is at your local courthouse on tax sale properties. Be carefull or you can still get a so-so deal on one there. Do a great deal of research and study before you jump into this form of investing. If you are one that doesn't want to get your hands dirty then you might want to consider the stock market instead.

Real-estate residental investing can be a lot of work. I grew up in it and man if you could see some of the mess's that I have had to clean up and haul off it would make you sick. It offers great tax advantages and the income when they pay is great. When times get tough it is tough on you too. For the last 8 to 10 yrs. with the low interest rates most of the better renters were able to buy instead of renting. That has left me with a lot of vacant houses. By the time you get them out and clean up the mess it has cost you 2 mo rent and then you loose another (snd sometimes more than that) just getting it rented once again. Most just want it for 6 mo till they can find a place to buy of their own with the cheap interest rates lately.

I would recommend looking at commerical property instead of residental homes. The purchace price is much higher, but it is a lot less of a hassle and they tend to stay longer. I have one commerical property and they have been there since 1990. I originally rented it back in 1972 for a few years until I could get a bank to finance it for me. Best thing next to my Motion Cars that I ever invested in. Of course when the interest rates went up to 21% on me back in the early 80's it about broke me. But since I shut the used car lot down and rented it, they have made every payment for me and now it is paid off and all mine. This is big part of my retirement plan.


I am sure there are many on here that will have advice also. but I thing all will agree with me that the old addage of

Location, Location, Location, is still the most important thing to consider when investing in real-estate.

Good luck..

Pantera
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Old 03-01-2006, 02:51 PM
69 Code51 Z 69 Code51 Z is offline
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Default Re: Real Estate Investing?

Sent you a PM Carl
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Old 03-01-2006, 04:53 PM
SamLBInj SamLBInj is offline
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Default Re: Real Estate Investing?

[ QUOTE ]
Can anyone recommend a book or course on Real estate investing. I've never gotten involved in the past but would like to learn about it. Great people on this board. I thought some could steer me in the right direction.

Thanks in advance! Patrick

[/ QUOTE ]
Ive got a 4 lot subdivision for sale on the Jersey shore for $525,000. right now if you are looking for a decent investment. all approvals and all 1 acre lots in an area of 600K-3Mil homes. Either develop or sit on. either way youll do pretty well..Ive got too many irons in the fire right now to deal with it...
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Old 10-24-2022, 05:08 AM
Dalary Dalary is offline
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He is no longer a member.

Thanks to those who notified me!
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Old 10-24-2022, 05:41 PM
markinnaples markinnaples is offline
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I've been finance and banking with real estate experience, and from what I have seen over the years and through my own RE buying experience and familial RE ownership experience, I would recommend single family real estate as your first step into that realm. Commercial RE is much more stable as far as rentals from my experience. People generally will spend their last dime to stay in their home versus if the business environment goes south and they can bail on their commercial leases. And, you can always hire a rental agent and management company if you don't want to deal with renters. Just my experience and opinions. PM me if you want to hear more. Best of luck.
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Old 10-24-2022, 08:43 PM
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This topic is from 2006.
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Old 10-25-2022, 09:24 AM
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Quote:
Originally Posted by Mr70 View Post
This topic is from 2006.
Raised from the dead. :-)
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Old 10-25-2022, 04:54 PM
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Seeing this made me think of an old saying i heard from a wise man many years ago...
"Don't wait to buy property....Buy property and wait".
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Old 10-26-2022, 02:43 AM
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I sold my house a couple months ago. I feel a storm brewing.
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