| Invest in RE is more of buying yourself a job... |
2009-01-31 07:35:52 |
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anyone that is in RE longer than 10 years should already know the growth pain, when you first started, only few units on hand, you do everything yourself, 90% of RE investor quit at this stage, but as you grow to 30 or more units, you can afford to have full time helps, bank will look at you in a better way, then your job become a bit easier, but compare to putting money in CD or I-bond, it still is a hard job, and requires patient and consistency over long period of time.
I never encourage people invest in RE blindly, I always tell them to think not only twice but three times before they do, I had post here many times to discourage people to chase high appreciation on RE investing, but RE's 四重魔力 is definitely there, it just take a long long time for you to know it, 8% return on CD or I-bond maybe great but will never make you financially free.
I believe all the people comes to this forum are highly educated, and I bed most of you are MS or PHD or even higher, but how many are you working at a dead end job that you hate and worry about lay off tomorrow? I am glad I never have to worry about it. |
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| Rental Market Trent |
2008-10-12 08:31:51 |
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since my last purchase back in march, I decided not to buy any more units this year, we now know we will facing a long period of economic downturn and financing will be really tight, cash is king.
last few month, on average I have 4-6 units turnover every month, I can see the trend is that family try to combine and move in a bigger house and share expenses, I been raising 3 or 4 bedroom single family house rent 5-10% and find no problem renting them, but 1 or 2 bedroom apartment complex have harder time to fill even with a move in special discount. |
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| Devaluation of the currency can only differ what is inevitable |
2008-07-17 19:22:44 |
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devaluation of the currency can only differ what is inevitable, but can not stop the bear from coming. Fed keeps printing more paper out of air and we as the american people are going broke, I hope we are not heading a recession like Japs did the last 10 years. |
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| I think we have to give back 50% of the gain from this boom |
2008-07-17 19:22:17 |
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cycle next 2 years, then we will see the bottom.
again, RE is about cash flow, cash flow and cash flow, this down market will wash out all the flippers, short term investors, and or anyone that is highly leveraged but no cash flow but only bet on appreciation, good luck everyone. |
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| finally, I feel the credit crunch... |
2008-07-17 19:19:03 |
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the bank officially shot me down for a commerical refi, on 60% LTV with good positive cash flow and fully occupy, the official answer from them is the bank are longer interest in non owner occupy commerical RE.
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