what to buy with 400K/500K for investment?

Started by hjf200074

almost 17 years ago

Posts: 18

Member since: Nov 2008

Discussion about

New development? Manhattan or Brooklyn? where in Brooklyn? Williamsburg, BK High, Downtown Brooklyn? Cobble Hill? SqF vs. location? I'll appreciate any desinterested advise? Thanks all!

Response by columbiacounty

almost 17 years ago

Posts: 12708

Member since: Jan 2009

how much do you want to lose and how quickly?

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Response by bdg1972

almost 17 years ago

Posts: 9

Member since: Nov 2008

General Electric Stock

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Response by hjf200074

almost 17 years ago

Posts: 18

Member since: Nov 2008

Come on! I expect a little more help from you expert guys!
I am a complete uneducated person in all these kind of business...
Thanks again!

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Response by tina24hour

almost 17 years ago

Posts: 720

Member since: Jun 2008

Look, I'm a broker and even I don't recommend buying an "investment" property right now. If you want a home to live in for the next 7 years, it's a good time to be looking because homes are more affordable and there is plenty of inventory. Many sellers are offering incentives. But it can be a mine field, and you could indeed lose money in the short term. Possibly in the longish term, too.

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Response by bugelrex

almost 17 years ago

Posts: 499

Member since: Apr 2007

Hjf

What is your idea of investment?
- buy and then sell after property appreciates? What is your expected perecentage gain over how many years?
- buy and rent, how much do you want to cashflow every month. Or do you want to subsidize the renter

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Response by angler7

almost 17 years ago

Posts: 193

Member since: Oct 2007

According to a friend of Peggy Noonan, a place with land where you can grow your own fruits and vegetables; amongst other suggestions.

http://online.wsj.com/article/SB123689292159011723.html

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