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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.
Response by urbandigs
over 14 years ago
Posts: 3629
Member since: Jan 2006

well, we're all waiting???

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Response by walterh7
over 14 years ago
Posts: 383
Member since: Dec 2006

"With a second hand guitar chances are you'll go far if you get in with the right bunch of fellows"

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Response by stevejhx
over 14 years ago
Posts: 12656
Member since: Feb 2008

Forget about the Killing and just move to Buenos Aires. Real cheap there, you can live on your WIC check.

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Response by HK306
over 14 years ago
Posts: 62
Member since: Oct 2009

How do you make a small fortune in real estate?

Start with a large fortune.

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Response by ab_11218
over 14 years ago
Posts: 2017
Member since: May 2009

short Manhattan RE for next 2 yrs.

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Response by MAV
over 14 years ago
Posts: 502
Member since: Sep 2007

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.

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Response by MRussell
over 14 years ago
Posts: 276
Member since: Jan 2010

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.

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Response by MAV
over 14 years ago
Posts: 502
Member since: Sep 2007

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...

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Response by mutombonyc
over 14 years ago
Posts: 2468
Member since: Dec 2008

Should have purchased in the 80s.

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Response by Brooks2
over 14 years ago
Posts: 2970
Member since: Aug 2011
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Response by Apt_Boy
over 14 years ago
Posts: 675
Member since: Apr 2008

Newark rental properties, that is where it is at

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Response by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009

Don Lepre is dead, so maybe you are SOL

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Response by matsonjones
over 14 years ago
Posts: 1183
Member since: Feb 2007

throw your landlord off the roof.

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