posted on January 1, 2008 11:46:43 PM new
"Just because I like them doesn't mean that I have to support them financially It's not like they're my children!"
Oh LOL .... ok.
Yes, you surmised exactly what I was wondering, by the way.
posted on January 5, 2008 08:16:20 AM new
I have been pretty successful in investing. about 6 years ago, my wife was given a house (long story, but when things in the area were selling for $300,000 we were able to get $112,000. Since we sold that property, I've averaged about 35% per year return (some in cash, some in appreciation). All of that money was made in real estate. Right now, I like REITs (Real Estate investment Trusts). Specifically, I like REITs in Medical Buildings and large scale apartment building in growing cities. Medical Buildings are particularly good, because no matter what is going on, people go to the Doctor. Also, Doctor's are a conservative lot. They almost ALWAYS pay in full and on time. The cash on cash return is usually between 6% and 7%, plus there is appreciation in the share price, which is pretty minor right now, but can be significant.
posted on January 5, 2008 08:28:10 AM new
You heard the saying-dont accept any collateral which eats and get sick!
Right now,there are plenty of houses,condos,duplex etc which are sitting empty and you still have to pay electric,water,gas,property tax,assoc fee and insurance premium.
With houses,you have to mown lawn,plant flowers and kill weeds and bugs and fertilise it.
Not to mention that mortgage payment each month unless you paid for it in cash!
*
Lets all stop whining !
