There's always a downside and then there's a worst-case-scenario, it's happening to me:
https://firechecklis...e-crowdfunding/
Posted 20 April 2018 - 09:06 PM
There's always a downside and then there's a worst-case-scenario, it's happening to me:
https://firechecklis...e-crowdfunding/
Posted 20 April 2018 - 11:34 PM
You might want to consider investing in foreclosures and fix and flip them. You can hire crews that remodel foreclosures for a living
if you don't want to do the work. The hardest part is being the winning bidder, competition is fierce. It's good part time work and a sense of accomplishment making something that is run down or uninhabitable like new. If you buy a property you have full control over the investment unlike a RE fund. The usual profit on a flip is 20-30K.
Edited by CLK, 20 April 2018 - 11:34 PM.
Posted 21 April 2018 - 07:52 AM
Posted 21 April 2018 - 08:12 AM
It's not much time if you just check on the work being done once or twice a week, doing the work or being there every day, is very time consuming. It's just a way to work minimal hours part time making decent money not having to answer to anybody. Retirement is probably not going to be what you expect, just leisure activities all the time. I have been without a regular job for over a year, I wouldn't want to go back to full time, but part time and work when I want to, yes.
Edited by CLK, 21 April 2018 - 08:13 AM.
Posted 21 April 2018 - 08:33 AM
Real Estate is the LONGEST of all the economic cycles...
This is about the RETURN OF your CAPITAL now...
There's going to be a lot of failures at these prices... Watch.
I suggest raising cash... as much as you can
The peak of a cycle is a bad time to invest in anything.
a "CycleTimer" should know this.
Unless your "investment" has a direct tie to the deed, it may be subject to the health of the "aggregator".
Posted 21 April 2018 - 01:22 PM
If you are really that bullish on housing, I guess you could buy this thing...when it levels off around 48-50...
For a Trade... on a countertrend bounce... see if it morphs back into a bull market, doesn't look like it to me...
Posted 23 April 2018 - 12:07 AM
Posted 23 April 2018 - 07:18 AM
Yes it is late, very late... The Real Estate crash has started at the top of the market in highly taxed states like CA, NY, MA, CT etc... At the high end...and filter down...Already started in NY and NYC... with not only selling prices under duress, but rents as well...
Of course RE is local, and I believe you live in Austin, TX or near there as I recall...
You don't suffer those taxes, and in the short term the exodus from these states will benefit states like TX...
In the long term though the defaults on the high end will bring the entire market down with it.
Posted 23 April 2018 - 08:01 AM
Posted 23 April 2018 - 08:25 AM
As the US 10 year crosses 3%, it's apparent that CASH IS A POSITION... It's time to raise cash IMO. Sell everything and put a death hug on your US dollars...
This is not going to be a smooth transition, head for the fallout shelters...
Edited by SemiBizz, 23 April 2018 - 08:27 AM.