Money matters .................

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Ms.Wetback

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So outside of the market what else are peeps doing to make some crazy returns ?????

Real estate is all but dead ......... me and my husband have been in Forex now for quite some time earning 5% a month.

Love hearing new things ..........
 
Well i guess it depends on how much $ you have to invest. how safe you want to be and consistant. GO to Witchcovia (sp) they are very good w/ppl that have wealth.
 
Mick-G said:
Well i guess it depends on how much $ you have to invest. how safe you want to be and consistant. GO to Witchcovia (sp) they are very good w/ppl that have wealth.
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We do most of our investing on our own or through managed accounts. We are not a fan of banks. Word of mouth and referrals.
 
I only use bank for spending money haha. It is not an investment to keep $ in bank.
 
I am staying in real estate, rentals, apartment buildings. For us, we did not have property increase to astronomical amounts like other markets around the country did, so we are not having a big crash. Just slow and steady appreciation, and steady monthly income.
 
ALLO said:
I am staying in real estate, rentals, apartment buildings. For us, we did not have property increase to astronomical amounts like other markets around the country did, so we are not having a big crash. Just slow and steady appreciation, and steady monthly income.
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Not bad ........... we have a ginormous jump and bailed out of our last property in Dec 06'

Now we are in some private placements and Forex.
 
Ms.Wetback said:
Not bad ........... we have a ginormous jump and bailed out of our last property in Dec 06'

Now we are in some private placements and Forex.
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It is really a no win situation for us if you look at it one way or an all win situation if you look at it another. Had we had the big appreciation, we could have refinanced, drew money out, hundreds of thousands of dollars and had a good time. Problem with that is, once the market crashed, as it has done, we are left owing more than the property is worth. Having a slow moving RE market here, we avoid the crash, but we also cannot draw huge sums of money due to lack of appreciation. Rents also stay very low, 3 br apartment, central heat and air, all appliances included with dishwasher, 475.00 month.
 
Damn that is nothing. We would rent that for 1600+

And we sold everything, knew it was peaking and bailed out.
 
Why do you rent and apartments in state if in bad market? You can invest in other states. I would never invest here where i live..it is very bad market here.
 
Mick-G said:
Why do you rent and apartments in state if in bad market? You can invest in other states. I would never invest here where i live..it is very bad market here.
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There are only 2 cities that are not depreciating and everyone else is in the drink.

Also as the markets crashed so do rents . . . .
 
Ms.Wetback said:
Damn that is nothing. We would rent that for 1600+
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I know, it is unbelievable. I had stone tile floors installed in the kitchen and bathrooms, these are Amana central untis, the refrigerators have the water and ice dispensers on them, the bathroom is tiled up the wall surrounding the tub, very nice, and hell, I thought it was a steal at 500/month, but nope, dropped it to 485, no takers, and had to drop it again to 475 to get it rented. Our local job market will dictate the rent prices and unfortunately for me, that is what they dictate right now.
 
$475 .................. WOW .............. can't make money on that.
 
Mick-G said:
Why do you rent and apartments in state if in bad market? You can invest in other states. I would never invest here where i live..it is very bad market here.
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It is not a bad market, it is a STEADY market. If you are looking for quick appreciation, my town is not the place because it ain't happening, but if you are looking for slow steady appreciation over time, with steady monthly income, my town is perfect.
 
Ms.Wetback said:
$475 .................. WOW .............. can't make money on that.
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You can if your cost of living isn't in the statosphere. See everyone assumes that it costs as much to live in a small town in TN as it does in New York City, my water bill for my home, 4200 heated sq ft, 21 bucks a month. Property taxes a year on my house, 1200yr. The cost of living here is very affordable, and a person making 30 grand a year can live quite comfortably. My wife and I make a lot more then that, but you see what I mean.
 
only 2?? some are less affected AZ is one. I would buy in there NM, NV and UT. It depends how long you want to make $ I, myself am kinda strapped to where iam at for at least a yr or more. I want to actually do development in a particular state iam looking at you can get very reasonable for like 40-100 acre and plot out and make sub for about 600-700K and for that you can make prob up to 10-15 mil. depending on % of cost to construction. I would have done this a few yrs back, but i couldn't. Iam too old to worry about steady market. Iam looking more for faster returns.
 
Only 2 ...................... Charlotte and I cant remember the other.

And we have developed land before ............. right now it is cheap but no one is buying the high end stuff and there is a ton of low-middle end on the market.
 
it all depends on where you are buying.. If you buy in low market and land is cheap, it doesn't matter how much you spend you will not get return because there the customer doesn't have funds or there is lack of work or layoff, conditions. They cant affort mortgage. If you can go to these 2 cities you know of and buy cheap or moderate and iam taking you know alittle about building and how to get the look of high end without spending as much, you can make very good $. Lot of ppl in opressed areas are wanting to sell to see if they can get at least good market value on their properties, but ppl just arent buying there, and they are the ppl that are make up majority of these areas. Ppl also in these areas that are higher income can not also sell or even make market value on their homes. It is surely a buyers market here.
 
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