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Generating income through real estate investing
11-06-2018, 01:10 PM
I'm looking into possibly buying a run-down place and fixing it up, sometime in the next couple years.
I'm no expert in real estate but from what I've learned so far, it seems that this can be a good way to buy in a good (expensive) area when otherwise I might be priced out.
My question is, does anyone know of some good resources on doing such a thing? Where do I start - knowing what to look for, how much money can I save, how much will it cost to have someone else fix it up for me rather than doing it myself, etc.?
It seems to me that there's a market correction coming and that it's going to be a good time to buy, but then again, maybe I've just been listening to too many Peter Schiff podcasts.
Real estate in North America seems like an area where you can stand to make one of those 80/20 decisions that will make the rest of your life either substantially easier, or substantially harder. I'd like to make the right choice.
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Generating income through real estate investing
11-19-2018, 10:56 AM
Quote: (11-06-2018 01:10 PM)Yeti Wrote:
I'm looking into possibly buying a run-down place and fixing it up, sometime in the next couple years.
I'm no expert in real estate but from what I've learned so far, it seems that this can be a good way to buy in a good (expensive) area when otherwise I might be priced out.
My question is, does anyone know of some good resources on doing such a thing? Where do I start - knowing what to look for, how much money can I save, how much will it cost to have someone else fix it up for me rather than doing it myself, etc.?
It seems to me that there's a market correction coming and that it's going to be a good time to buy, but then again, maybe I've just been listening to too many Peter Schiff podcasts.
Real estate in North America seems like an area where you can stand to make one of those 80/20 decisions that will make the rest of your life either substantially easier, or substantially harder. I'd like to make the right choice.
Property brothers:
https://www.youtube.com/watch?v=ngirBYfzIgI
If the interest rates continue going up there´s no doubt a correction will happen. Money will be more expensive and consequently less people will afford to buy.
High end real estate is already showing cracks.
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Generating income through real estate investing
11-22-2018, 06:20 PM
The BiggerPockets podcast and website is a great resource for anyone serious about getting into RE investing.
I got in by luck 4 years ago, and bought my 2nd property in early 2015. Flipped the first one and have a buy and hold strategy on the second one. Looking back, I wish I was more aggressive in 2014, there were deals and money to be made all throughout the South.
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Generating income through real estate investing
11-28-2018, 05:27 AM
Spaniard88,
I am pretty sure that if you graphed the number of posts re. cryptocurrency on Internet forms such as this one and compared it to the price of BTC - and the others- then there would be a very close correlation, probably with a delay of several days - price movements preceding surges or drops in the volume of posting.
'Price action makes market commentary' is one of the oldest market sayings out there for a good reason.
“The world is what it is; men who are nothing, who allow themselves to become nothing, have no place in it.”
- V.S Naipaul 'A Bend in the river'
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Generating income through real estate investing
11-28-2018, 07:05 AM
"Buy when there´s blood on the streets. "
"Be fearful when others are greedy and be greedy when others are fearful"
Or just the simple "buy low and sell high."
It goes against ones gut. Because if something is priced with a high price people will believe it´s worth a lot and so everybody will want to have it because it´s precious. But if it´s worth little then it has no value and people will want to get rid of it because they believe it has no use. What you need is to see beyond the price. Something which is worth 10 euros which is worth 100. The fact it´s priced 10 is just a momentary glitch in the system. Mr Market and all that shit. For some reason some areas of cities become cheap without reason.
There´s a newsletter which have been giving great returns (incredibly from a woman originally). They check the averages of prices and buy when its 10% above the average bottom. And sell when it´s 10% bellow the average high. This basically is the Rothschilds principle. I think it´s a sound principle of investing.
https://iqtrends.com/
For me it must produce income. To buy something just because it´s low and wait 3-4 years it´s not possible. Either it produces rent or dividends. Then I can wait while the money is flowing.
As for now prices should come down if the fed keep increasing rates. But they seem to be easing the trend. Will see. Even at this level cracks are already showing.