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#71
09-26-2006, 09:30 PM
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Re: all you college drop outs...
For all of you thinking you'll get 8-10% compound growth for years to come, you have no idea what you're talking about. That may have happened in the past, but there is no way you can apply this to the future. Same with real estate .
If you are investing in real estate and cannot get 8% you should not be anywhere near real estate. 
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#72
09-26-2006, 09:34 PM
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Re: all you college drop outs...
IMHO anybody with $500k, and enough intelligence to have earned that money through poker, should never have to work again if they don't want to.
Couldn't agree more
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#74
09-26-2006, 10:16 PM
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Post deleted by Mat Sklansky
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#75
09-26-2006, 10:23 PM
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Re: all you college drop outs...
Do you do this?
I was thinking more along the lines of owning a home type of appreciation. Of course buying rental properties can be a good investment. It does take some work though - just like anything else.
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#76
09-26-2006, 10:28 PM
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Post deleted by Mat Sklansky
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#77
09-26-2006, 10:49 PM
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Re: all you college drop outs...
[ QUOTE ]
yeah right - 8% returns in real estate above inflation - not easy, especially now that insane upward markets in real estate are slowing down... [/ QUOTE ] If you know how to invest in real estate, this is very easy. For someone just buying on speculation I totally agree, it would be tough to make that money. If you are a real estate investor though 8% is a VERY low return.
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#78
09-26-2006, 10:55 PM
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Re: all you college drop outs...
[ QUOTE ]
[ QUOTE ] yeah right - 8% returns in real estate above inflation - not easy, especially now that insane upward markets in real estate are slowing down... [/ QUOTE ] wrong buy property. rent it out. get a mortgage that is cheaper than the rental price. profit. repeat. retire. [/ QUOTE ] no doubt. You think along the same lines as me Degen. I don't know why it's so hard for most people to understand things like this. I'm not doing rentals right now; doing flips, but anyone who studied real estate, got a mentor, networked, found deals, etc... can make a great return in real estate, whether it be flips or rentals. Too many people just listen to what they hear on the news and assume they will lose their shirt if they invest in real estate. As long as you know how to buy and have a plan, it's probably one of the safest if not the safest investment out there.
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#79
09-26-2006, 10:56 PM
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Re: all you college drop outs...
[ QUOTE ]
[ QUOTE ] Do you do this? I was thinking more along the lines of owning a home type of appreciation. Of course buying rental properties can be a good investment. It does take some work though - just like anything else. [/ QUOTE ] The hard part is finding the properties. Right now with how much prices have gone up, it is very difficult to find anything that you can rent out for more than the mortgage price. As prices come down, interest rates go up, rental prices go up and single mothers working at Wal-Mart who can't afford their mortgage payment go busto... I think there will be opportunities for this, and I can't wait to do it. [/ QUOTE ] amen to busto moms who will make us rich!
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#80
09-26-2006, 11:02 PM
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Post deleted by Mat Sklansky
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Linear Mode
