How can I make a killing in real estate?
Started by tommy2tone
over 14 years ago
Posts: 218
Member since: Sep 2011
Discussion about
How can I make a killing in real estate or anything else? I want to get rich quickly and quit my job so I can move to Buenos Aires or Rio or Paris.
well, we're all waiting???
"With a second hand guitar chances are you'll go far if you get in with the right bunch of fellows"
Forget about the Killing and just move to Buenos Aires. Real cheap there, you can live on your WIC check.
How do you make a small fortune in real estate?
Start with a large fortune.
short Manhattan RE for next 2 yrs.
By going where other people tell you that you are crazy for going, and by being patient. This might not work with your plan to retire early though.
You need to have money to get money. But if you had said money, you could buy a collection of income producing rental properties with tenants in place that are paying you more than you are paying in monthlies and mortgage. This means you have positive cashflow from the properties and also receive tax benefits that allow you to substantially reduce what you pay in taxes. So effectively, you will be making money, saving more of your own money and own properties that will potentially increase in value.
Rents are high, sales prices are low and money is cheap.
SALES PRICES ARE LOW?!?!?!?!
Not in the investment market... You have funds buying little buildings at no return just to show activity, and foreign buyers who are just looking to park their money in Real Estate.
Little inventory, cheep $ and LOTS of buyers looking is a perfect storm for HIGH prices...
Should have purchased in the 80s.
place classified Ads in the newspaper
http://www.nypost.com/p/news/national/fraud_in_jail_suicide_nHQa48j2O89yTIxohGOY9O
Newark rental properties, that is where it is at
Don Lepre is dead, so maybe you are SOL
throw your landlord off the roof.