#1 Dating Site for Successful Singles and Admirers

Home > Millionaire Forums > Topics gerry3525 has created > Real Estate Investing without the Smoke Previous topic Next topic
Real Estate Investing without the Smoke
Available only
to logged in members
Posted on Wed, Nov 16, 2005 15:54

in the shorter version of that, in fla, we call it flipping properties...many are getting rich doing it here, from all walks of life, so until you have been here to check out the market, plus the fact that the travel channel and other national magzs. called naples the nicest beach in the usa for 2005, i still think all the long comentary is useless, i know what i am talking about...



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Wed, Nov 16, 2005 14:46

I'm admittedly a cautious, conservative r/e investor. In the long run, it has served me well. Consequently my personal definition of a hot market is one that I could pick a location from the phone book, buy it at whatever the seller will sell it to me at and know that 12 months later re-sell the property and know I'll make money.



Available only
to logged in members
Posted on Wed, Nov 16, 2005 14:21

trust me, Naples is hot, believe who you want, i still do not agree with you on this one sweety



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Wed, Nov 16, 2005 14:11

The trouble with looking making a decision on a specific property based solely on statistics drawn from a national data bases would be foolish at best. Much more important are the specifics/characteristics of the property and it's appropriateness (or lack thereof) for the owner or buyer.



Available only
to logged in members
Posted on Tue, Nov 15, 2005 06:10

postcircle0 write:
At least one national survey that I am aware of lists Naples as being over-priced/bought. Meaning in this publications opinion,prices arelikely toactually fall for existinghousing stockwhich may mean that ownersof property will owe more than the property will sell for. This happened in Silicon Valley when the tech bubble broke and also years prior in Houston when the oil market collapsed. But, each market and each property is its own situation. However, those who bouht property at the current market assumming that property will inevitiably increase in value due to abnormally price inflation are in the most vulnerable position.

sorry, don't agree...It's the price you pay for sunshine...That price will never go down...and Naples is so different then say Miami, the price will not be falling....there is much more to read on this then one publication...and I have baby boomer friends that won't be moving to Tenn. to retire...



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Fri, Nov 11, 2005 12:53

At least one national survey that I am aware of lists Naples as being over-priced/bought. Meaning in this publications opinion,prices arelikely toactually fall for existinghousing stockwhich may mean that ownersof property will owe more than the property will sell for. This happened in Silicon Valley when the tech bubble broke and also years prior in Houston when the oil market collapsed. But, each market and each property is its own situation. However, those who bouht property at the current market assumming that property will inevitiably increase in value due to abnormally price inflation are in the most vulnerable position.



Available only
to logged in members
Posted on Wed, Nov 09, 2005 17:51

naples is hot for the biz, check it out...



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Tue, Nov 08, 2005 12:39

I am a 9 year full-time residential real estate investor in nashville, tn. I can tell from your questions that you are not ready to begin a real estate investment program. Going into an investment that you know will be cash negative from the beginning is inviting a financial disaster. You do not yet have sufficient information re real estate investment in general and your specific market in particular. Suggest you contact a local non-profit residential real estate investment such as the Minnesota Real Estate Investment Association, contact Mike Jacka



Available only
to logged in members
Posted on Sat, Nov 05, 2005 22:12

I am looking for a established female who enjoys the world of investment and real estate. I woman who is eager to share her life and dreams with a man of the same interest....Let me put you on a pedestal and make you my Queen as I reign as your King!



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Thu, Aug 11, 2005 22:12

Dear Gerry,
I live around Dallas, Texas. I'm eyeing to get my first home nest year as investment. What would be your suggestion for first-time buyer.



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Mon, Aug 01, 2005 20:38

Thanks Gary.


I would like to pass on a little advice from a banker cousin of mine who was quite rich by the time he died.

He said that you can make money on property anywhere. (He lived in a very small town, poor area, and made his money right in that area.)

The secret was knowing the local market value of everying - land, timber, houses, tractors, cows, goats, pigs, whatever. Then only buy those things that were seriously undervalued. He knew the value of almost everything in the local area.

Another way I have observed is to buy portable items in places that are depressed and move and sell them in towns or areas that are booming. For instance, I have seen people get rich moving large farm or construction equipment from areas that were hit with bad weather (wet or dry), to areas that were having good crops or good construction weather.

My problem has always been that I can find many more bargins than my pocketbook will allow. They are everywhere.


my 2 cents



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Sun, Jul 31, 2005 22:02

I believe 12 percent is usually obtainable, especially on smaller tracts.
I did manage 100 percent over 3 years on one tract, but that is probably pretty rare, but I am not sure about that either, since I haven't been shopping for land in 7-8 years. The key the way is see it is to convert it to a higher use, such as housing development, but that takes money for roads, etc.

Thanks for the numbers.

wwwww



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Sun, Jul 31, 2005 14:10

I am at a decision point on property investments. I have rental houses in Houston that I need to sell because I have moved to Arkansas, and so I am thinking about selling those and using the money to acquire some raw commercial property in Arkansas that is severely undervalued. Another investment I like is timberland, but you really have to know what you are doing in timber and its hard to find the great deals.

The main kicker is that there is low risk on renting a house in Houston and timberland and raw commercial property is usually a much longer term investment with little or no cash flow. However, managing the rentals is getting to be a problem for me because of the distance and my busy schedule.

My estimate on return on timber is about 5% per year in timber growth plus the rate of inflation. If you happen to find land with development potential also, the return can be much much higher.

Since I would look for land with commercial potential I would expect the higher return, but the cash flow could creat problems for me if I bought a large tract. Of course the large tracts are less per acre so the incentive is certainly there to go big.

I am rambling too much. What is the normal expected return on commercial property with risk such as I have indicated.



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Sat, Jul 30, 2005 23:45

Gerry, what is the current "rule of thumb" on rental price vs house or property value. Many years ago, it was recommended that you charge 1% of the market value of the house as rent. Thus a $120K house rented for $1200/mo.

Is this still a valid number? I have had rental property for 30 years and it has worked out reasonably well for me, but I haven't bought any property in a long time.



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Thu, Jul 28, 2005 08:34

wow, you make it sound so easy, Why a broker indtead of an agent or attorney?

Available only
to logged in members


Available only
to logged in members
Posted on Wed, Jul 27, 2005 07:47

Hey thanks for all the tips..i am buying only one property at a time...am just starting out on the first foreclosure and had equity upon closing...what are the most important remodeling tips you can give to still earn a profit upon selling...I hope to move on to the next project by next year.

Available only
to logged in members


Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Wed, Jul 27, 2005 03:20

Hi Jerry, I live in las vegas, I want to invest without doing any thing else, I guess what I need is a team, group, firm, brokerage company, whatever it's called, that specialize in purchasing non-commercial properties, such as single family homes. Then they live in it about 6 months, make a few upgrades then sell it, After all the research i've done, I feel this to be my favorite, any thoughts, suggestions, warnings, or referals.



Available only
to logged in members
Posted on Mon, Jul 25, 2005 23:05

Quite informative...thanks



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Sun, Jul 24, 2005 13:18

I was thinking about NY and GA. I would be using USD.



Reply / add comments      Quote      Report abuse   Bookmark and Share
Available only
to logged in members
Posted on Sat, Jul 23, 2005 04:57

HI GERRY,

I WOULD LIKE TO INVEST BUT HAVE NO CLUE WHERE TO START. COULD YOU HELP ME?



Reply / add comments      Quote      Report abuse   Bookmark and Share
Previous topic     Next topic