07-22-2011, 04:16 PM
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working on my tan
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
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Quote:
Originally Posted by Fornicating
Guys down is Brasil are buying Apartments when the property has not even started to get built, they wait 3 years for the property to be constructed and then sell for 50% more than they paid, or, they keep the Apartment, rent it out for a thousand or more per month, and their investment just keeps increasing while they earn a living from it. No work, very little risk, solid investment.
One guy I know, paid $90,000.00 3 years ago, now worth $260,000.00. Is going to sell and re-invest in another Apartment.
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You are describing Arizona, California and Florida a few years ago. Your friend should keep that in mind .....
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