i hear real estate is biiiiig money these days. so I'd either invest my money or buy the world's most expensive water slide. weeeeeeeeeeeee

buy inexpensive property. does'nt really matter where, just so long as there's civilization near buy. as much as your able to at the time, in time you can build on it. if you build they will come. buy low sell high.

Posted by BlueSeats:

tkf, what sort of real estate do you invest in, houses, apartments, etc? Do you rent them or fix and flip? Good neighborhoods or depressed?

Buying my house was the only good investment I've made. Wish I'd done more when the getting was good. Around here things seem so over inflated now. Now I could only afford to buy in really poor neighborhoods, and while selling in those markets might be fine, I wouldn't want to be involved with rentals there.

well Atlanta is a growing maket, simply because the city is expanding outwards, but I invest in rehabs, some in good neighborhoods, like forclosures and some in rough neighborhoods that are on the rebound. for instance, east point and college park georgia were pretty run down neighborhoods that 20 years ago used to be very good neighborhoods, now they are putting a lot of money back into those neighborhoods, young professionals are moving back in(since their location close to the city of Atlanta, downtown is good) they are putting in wal marts, targets, kroger shopping centers and these neighborhoods are booming. I just look for good deals with equity. they exists, the forclosure rate in GA is probably the highest in the country unfortunately...

The president of my company, my boss also is a home builder, he builds homes ranging from 150-350K, a nice affordable range and he builds townhomes, somewhere in the neighborhood of 200+ a year, and this guy is filthy rich, he makes a boat load of money, although he grew up rich...

But I don't like doing the landlord thing, I have access to builders prices on material and labor(subcontractors) I learned the business well, especially since I deal with the accounting side. I like to find properties, fix them up and move them. If you are fair, do things right and not get greedy, you can do well in the business. As I was told, pigs get fed, hogs get slaughtered... count your cost, have reasonable expectations and don't get greedy..

I know NY is a different market, really expensive and then in the run down neighborhoods, how well do the homes move.... Atlanta is a place that is growing so fast, the need for home, single family homes is increasing..

1. Listen to BRIGGS.

2. Short-term - theres nothing you can do with 25k that's going to make you money short-term without huge risk. Buy a joblot and sell it on ebay.

3. Long-term - buy B shares in Bershire-Hathaway.

Posted by firefly:

Posted by EnySpree:

So in other words, I should have ordered that real estate system I saw on that infomercial a few months back.

Fuck me!!!

Ask yourself Eny, why a guy/company that thinks its so easy to make money in real estate is selling the idea as an "easy money" system? If this system is such a wonderful plan, why the hell are they not doing it themselves?

Those who can, do.
Those who can't, teach.

[Edited by - firefly on 05-03-2007 2:26 PM]

yea, those carlton sheets programs are trash, they teach ways to somewhat try and cheat the system, to me it is sort of a get rich quick scheme, not true real estate investing. There is nothing wrong with real estate, it is safe if you do it right. Again location, cities, things like that do factor in, but just think of it this way, people who own their own homes and upgrade on their next purchase tend to do so because they made money off their past home.

Real estate is fine, you can make money, just don't look at it as a get rich quick scheme, it takes research, time and sound decision making, but if you apply those principles to any deal you make, you should be fine.... don't bother with the infomercial real estate crap... Donald trump put it best saying "I bet those guys haven't made any real money in real estate, but moreso selling their products".. I agree