"Dan,
if Real Estate goes up 25% and wages were already at a level to support this pricing and they go up 2% more, what then?"
please tell answer me this, what are the percentages of homes bought by Investors? Bought with I/O Loans? Bought with conventional mortgages? Bought with pure cash?
Dan732,
Do you realize that all you do is spew negativity and never supply any specific data? I am sure you do and I hope it is on purpose. Otherwise, you are just a disgruntled person who is mad at the world because you failed to take advantage of an investment or made a mistake and now hopes everything crashes to make you feel better.
Because I like to think you actually KNOW something, please go on, specifically, about Las Vegas wages, land mass, etc you spoke against. If I am wrong, I would love to know where.
And no, we don’t have almost 2,000,000 investors here. Some are actual residents. Imagine that!
Thank You
“Here is how I see it: Speculative.”
For some reason…some people use the word Speculator as if there’s something wrong with it. I do see it that way.
Speculators create volatility which makes for a situation in which greater returns are possible (greater losses are the potential downside). However, if one knows what they are doing & has a reasonably functional crystal ball…you might make some pretty good coin.
In fact I’ll be flying in the first two weeks of October to have a look around myself.
-Infowell
Infowell,
I used Speculative not TOR. One is a market the other is the person. I think everyone who makes at least decent earnings should have a small % of their money set aside as speculative investing capital. For example, if you made $100,000 annually in profits, put 1-10% of that into calculated speculative investments.
I don’t think speculating is bad when you have the money to do it and do it with a small portion of that capital.
Take a peak at anyone who has gained mass amounts of money through their own works, they probably speculated at least some.
And put another 1-2% into a really nice satellite dish system right EVERGREEN! LOL
[i][b]I don’t think speculating is bad when you have the money to do it and do it with a small portion of that capital.
Take a peak at anyone who has gained mass amounts of money through their own works, they probably speculated at least some.[/b][/i]
Agreed
I don’t always spew negativity. You only remember the negativity. It’s kinda like when you grew up, everyone remembers all the dumb things you did as a kid, but a few only remember the good things.
REO,
I really think 900 numbers are the investment of the future 
“It’s kinda like when you grew up, everyone remembers all the dumb things you did as a kid, but a few only remember the good things.”
Personally…I never did anything that wouldn’t evidently get me elected to the highest office in the land.
So you don’t ever again have to watch and listen to Jim Kramer on CNBC with his MAD MONEY. That whole CNBC station is a comedy show, and people actually listen and invest with these clowns.
CNBC- Comedy Central of financial TV. Better be nice about Jim Kramer, he was touting Real Estate as a great investment, and we all know when Jim starts touting something, it starts to go down…
I turned on that show for the first time the other day (on my way to CSPAN) and was like what the heck. There was this big sweaty guy frothing at the mouth shouting garbage quickly. Buy, sell, I like this, boooo yah, back the truck up.
He should just list everything he owns, it would be quicker than watching this dumb show.
Think you could do better by putting a wheel of stock fortune up in your home, spinning it, and going all in on whatever comes up.
“That whole CNBC station is a comedy show…”
Didn’t use to be that way. They had plenty of viewers during the stock market run-up. However, after the market crashed…viewership is WAY OFF.
Now they’re on the “Housing Bubble Bandwagon.” It’s putting my feet asleep already…4…5…6 times a day…“Housing Bubble,”…“Housing Bubble,”…“Housing Bubble.”
I emailed Ron Insana & told him after nearly 5 years of “Housing Bubble Mania” his credibility must be questioned. I mean…I remember Ron talking about a Bubble back when he was wearing a rug!
I wish it was like Y2K…where we had an end…the “Housing Bubble,” however, will soon be on par with the Energizer Bunny.
-Infowell
Instead of you working for someone for 40 years, the real estate works for you in less than 5. It is residual income every month if that is how u want to work it. You could possibly buy a house then sell it for a good profit. It’s your money making money. Best of luck!
Hello to all,
I was just reading all the post about Las Vegas, China, No more land, outsourced job, commutes, lay offs down sizing, and the property has to cash flow to be an investment, appreciation does not matter etc etc etc…
Humm… Here is what has happened to me on One of my properties I just boutht not long ago.
In Feb 03 I bought a Fixer-up at the Atlantic Beach in NC for $135K and put $15K into it to get it to rent (So $150K) it cash flows about $200 a month. Its a 1200 sq 3/2 1 car garge on 1/4 acre built in 1960 with beach and sound access for your boat. I owe $110K on it now.
My Realtor from NC e-mailed me and said she could sell it this month for $320K because prices at the beach are still climbing. I would make about $170K minus 6% realtor fees and capital gains tax.
So I guess around $120K or so profit? Would have to figure it all out?
Not sure what to do, hold on since it is a cash flow property a block from the ocean and sound or sell it and invest in something else?
Anyway the point is I enjoy what I do and hope you do to.
Gee Wallace, you and your problems !!! ;D
Wallace -
You poor dear!
At the rate of $200 a month cashflow, it would only take 600 months (50 years) to break even on $120K profit.
I think you’re throwing this out just to give the rest of us an ‘ice cream headache’…
Let’s see, you can keep it and the renters and mabye it will appreciate more (maybe not) or you can take 50 years rental profit now and go buy 10 more with OPM…
No, no wait…it’s coming to me…
Keith
Keith,
Thanks for your input. You are the Man!
There is no problem with the property at all. It just is appreciating at a fast rate. (kinda scary I feel)
I had thought about tearing the old house down a building a new spec 1600 sq ft 3/2 2 car in its place. The neighborhood range is $320K (mine) to about $1.5 Million. Most are say $400k to $900K range depending on location. Its on an island is why.
I think it will hold its value and maybe go up a little more each year because it is in an ocean neighborhood in NC.
Anyway, have a great day…
Oh, I just got a lead on a High Rise in Vegas just off the strip, breaking ground in Sep or Oct 2005. $300K to $700K large condos. 900 to 2200 sq feet.
$5K to hold one in a trust acct, but you can’t assign reservation., so I will have to close on it. I was thinking about buying 2 and then selling them the same day I close on them. Expected profit on each $70K to $100K?
Is Vegas cooling down or is it still safe to invest there… What do you think about this opportunity? Play? or Pass?
All these deals and so little time… 
Happy Investing!
Wallace,
I’d give the same advice that my Dad gave me, Take the money and run! You would guarantee yourself a profit. If it goes up next year, so what, if you it goes down, you would be kicking yourself for not selling.
Dan,
Thanks.
Should I maybe do a 1031 exchange into another property?
???