anyone here ACTUALLY made $$$$$$ on real estate? - GoFuckYourself.com

TimBlaze · 06-04-2007, 03:00 AM

people keep telling me to get into real estate while im young, duplexes, etc. buy income bearing properties. but they are all old broke alcoholics, i prefer to take financial advice from the wealthy

BucksMania · 06-04-2007, 03:01 AM

i used to have real estate agency
we did rents mostly, there are lot of money to be made, but the competition is very HIGH as well

en21 · 06-04-2007, 03:07 AM

I've just bought a house 2 months back and now the value of it has increased by 30k

JFK · 06-04-2007, 03:12 AM

yes, I do it all the time

but wait, I could be an old broke alcoholic

TimBlaze · 06-04-2007, 03:13 AM

Quote:

Originally Posted by JFK

yes, I do it all the time

but wait, I could be an old broke alcoholic

sweetcuties · 06-04-2007, 04:20 AM

Most people get wealthy in the US thru real estate... if you have enough rentals, you'll be easily making a few thousand a mth. The only thing about real estate I don't like is that it ties up $$. Long term tho, you can't go wrong... if you buy smart

Barefootsies · 06-04-2007, 05:01 AM

Quote:

Originally Posted by sweetcuties

Most people get wealthy in the US thru real estate... if you have enough rentals, you'll be easily making a few thousand a mth. The only thing about real estate I don't like is that it ties up $$. Long term tho, you can't go wrong... if you buy smart

Right.

Real estate is a long term investment. You can benefit on the short term with rentals, but once you start hitting the 10/20/30 year marks you are cruisin'. It ties up a lot of capital, but in the end will give it back with appreciation.

It's not a get rich quick scheme.

Klen · 06-04-2007, 06:10 AM

There is no profit in real estate.You need to buy apartment for 70000 EUR minimal and you can rent if for barely 250$ which is nothing.

SinisterStudios · 06-04-2007, 06:16 AM

Real Estate is tricky, with the laws in favor of the tenants it really is a craps shoot. I had issues with a tenant that dragged on for sometime and hit me hard in the pocketbook.

Rental properties are a great investment, if you have a strong stomach and some extra money for lawsuits.

avalanche · 06-04-2007, 06:18 AM

Been in real estate for 7 years....Key to real estate is knowing when your financial situation can handle getting in. Sometimes it's a quick deal, but most often you have to be prepared to stay for the long term. Historically, atleast in the US, it is physically impossible to lose money on real estate if you simply buy and hold. If you're looking for rental opportunities look to 4+ units in a building. Single Family homes to 4 units typically don't get enough rent in the current market to be positive on a monthly basis without a large down payment.

(Yes, there are exceptions, but remember exceptions don't come everyday)

06-04-2007, 03:00 AM	#1
TimBlaze Confirmed User Industry Role: Join Date: Oct 2006 Posts: 1,625	anyone here ACTUALLY made $$$$$$ on real estate? people keep telling me to get into real estate while im young, duplexes, etc. buy income bearing properties. but they are all old broke alcoholics, i prefer to take financial advice from the wealthy __________________ Roll that shit, light that shit,

06-04-2007, 03:07 AM	#3
en21 Confirmed User Join Date: May 2006 Posts: 2,640	I've just bought a house 2 months back and now the value of it has increased by 30k __________________ Free Asian Sex : http://www.asian4free.com Free Amateur Sex : http://www.lustamateur.com Free Porn : http://www.mysexbookmark.com Free Sex : http://www.goliathlist.com Free Hardcore : http://www.xlust.com Sex For Free : http://www.sexforfee.com

06-04-2007, 03:12 AM	#4
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,382	yes, I do it all the time but wait, I could be an old broke alcoholic __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

06-04-2007, 04:20 AM	#6
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	Most people get wealthy in the US thru real estate... if you have enough rentals, you'll be easily making a few thousand a mth. The only thing about real estate I don't like is that it ties up $$. Long term tho, you can't go wrong... if you buy smart __________________

06-04-2007, 06:16 AM	#9
SinisterStudios Confirmed User Join Date: Nov 2003 Location: New Joisey Posts: 3,087	Real Estate is tricky, with the laws in favor of the tenants it really is a craps shoot. I had issues with a tenant that dragged on for sometime and hit me hard in the pocketbook. Rental properties are a great investment, if you have a strong stomach and some extra money for lawsuits. __________________ SEOIP.com Multiple IP Webhosting Shared and Dedicated IP's - Multiple Class A's - From $1.99/ip

06-04-2007, 03:01 AM	#2
BucksMania Confirmed User Industry Role: Join Date: Oct 2005 Posts: 3,758	i used to have real estate agency we did rents mostly, there are lot of money to be made, but the competition is very HIGH as well

06-04-2007, 06:10 AM	#8
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	There is no profit in real estate.You need to buy apartment for 70000 EUR minimal and you can rent if for barely 250$ which is nothing.

06-04-2007, 06:18 AM	#10
avalanche Confirmed User Industry Role: Join Date: Feb 2005 Location: SoCal Posts: 1,922	Been in real estate for 7 years....Key to real estate is knowing when your financial situation can handle getting in. Sometimes it's a quick deal, but most often you have to be prepared to stay for the long term. Historically, atleast in the US, it is physically impossible to lose money on real estate if you simply buy and hold. If you're looking for rental opportunities look to 4+ units in a building. Single Family homes to 4 units typically don't get enough rent in the current market to be positive on a monthly basis without a large down payment. (Yes, there are exceptions, but remember exceptions don't come everyday) __________________ Avalanche CherryPimps - Daily Pornstars, LIVE and more!