concur with Kurt. ...for the most part Real estate is not
liquid...however its not designed to be nor is it that type of
investment...stocks and bonds in my opinion, cd's and mutual funds
are...and of course gold. Real Estate in my opinion should provide a
residual income. Folks buying up properties now hopefully have
renters or a plan to rent these foreclosed properties...most don't.
Unless they're subsidize through a fund otherwise they will be
foreclosed on in a year or two. However, there is a way to have a
continuous residual income using Real Estate and Debentures to have a
10 plus cap rate and not content with the day to day rental tripe
that many investors don't like. Especially with apartment buildings.
Currently I have a Business Plan using Bonds and Real Estate to
create a nice income or residual retirement income. In many cases tax
free.
--- In entrepreneursathome@yahoogroups.com, "Kurt Schweitzer"
<kurt@...> wrote:
>
> Rhea,
>
> Personally, I have done real estate investing in the past, and have
> decided I don't want to do it anymore. It doesn't fit with where I
am
> in my life, or what I want to do anymore.
>
> The main disadvantage I see with real estate is that it is an
illiquid
> investment. If you want to get the cash out of it you either have to
> put a second mortgage on it (and the current mortgage crisis drives
> home the fact that that isn't always such a great idea) or you have
to
> sell it (which can take months).
>
> About a decade ago I switched to mutual fund investing simply
because
> of liquidity. You can sell your holdings most any day of the week
and
> get your cash the next day.
>
> Liquidity is a big issue to me - it may not be such an issue for
you.
>
> The second issue I have is that real estate isn't one BIG market,
but
> rather a large collection of little local markets. I live in a
section
> of the country where real estate values are almost static. In the
past
> 20 years the price of the average house has risen by only 30%, or
1.5%
> per year. While this means that the recent FALL of housing prices
> nationwide hasn't noticeably affected us, it also means that I can
get
> a much better return for my investment elsewhere.
>
> You could argue that I should be investing outside of my area. But I
> don't KNOW the RE markets outside my area. I prefer to invest in
> things that I already know about and can easily follow.
>
> The last issue I have is the whole landlording bit. It's no fun
having
> to go unclog someone's toilet at three in the morning. I looked into
> hiring companies to manage the properties for me, but THEY would
wind
> up profiting from the rents, NOT ME.
>
> Yes, I'd still get the tax write-offs, but the financial gain simply
> wasn't worth the headaches.
>
> I think EVERYONE should invest in real estate as early in their
lives
> as possible. The education they'll get from it is GREAT. But for me,
> part of that education was that I really don't like real estate. I'd
> rather rent, let my landlord mow the yard, plow the driveway, and
fix
> the plumbing, and invest the bulk of my money in something else.
>
> Like learning how to sell scooters! ;-)
>
> Kurt Schweitzer
> Urban Village Scooters
> http://urbanvillagescooters.com
>
>
>
> --- In entrepreneursathome@yahoogroups.com, Rhea! <rhea@> wrote:
> >
> > Forgive me for questioning this but I don't understand
> > something and I sincerely want y'all's feedback.
> >
> > I am hosting a real estate event where 10 very successful
> > experts will teach at least 10 different ways to make serious
money
> > in real estate using the Internet.
> >
> > Most of these folks are millionaires. Most of them are
Christians.
> >
> > Most real estate investors do not know how to use the Internet
> > to automate their businesses like these guys and girls do.
> >
> > So here's my question.
> >
> > Why on earth are thousands of people not racing to get this
> > information and taking their teens? ("Kids" are not usually
> > allowed at professional events like this.)
> >
> > The registration is only $347.
> >
> > Do people not realize that the knowledge they will get at an
event
> > like this will enable them to purchase property at 50 to 10 cents
on
> > the dollar with no money down?
> >
> > If they just buy one property with what they learn, they could
earn
> > an entire year's salary in just one deal.
> >
> > (That means they would get their $347 back.)
> >
> > I am simply amazed.
> >
> > I know it takes a lot for folks to leave home for the weekend,
but
> > with the economy like it is, I think if I were facing hard times,
I'd be
> > doing everything I could to get the education I don't have to do
> > something to better my situation.
> >
> > Can someone explain to me how anyone could decide to miss this
> > one-of-a-kind event?
> >
> > In case you don't know what I'm talking about, here's the
website:
> >
> >
http://www.RealEstateDays.com.
> >
> > So many books, so little time...
> >
> > Rhea!
> > who really wants to hear what you think
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
------------------------------------
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