There are groups of ya on here, plan for making your future. By real estate as a team effort. Make sure its a killer deal, needs work, put in sweat equity and resell it. Do it till you all can have our own places. Use them student loans to better your life not for leather coats and cd's and shit. Just think if 20 of your friends all chimed in $2000 as a down on a fixer property. Then stocks are risky but real estate if bought right pays real good.
thats what a lot of asians do in boston (not sure about other places). but yea, they pitch in and buy a place, fix it up, sell it and move 1 family into another place and do it all over again.
Same in Washington state too when I lived there. Fantastic people they are to sacrafice a bit to better the whole.
seriously, its smart. sacrifice for a few months cramped in a house, and you sell it for a lot more than you bought it. they're taken over parts of dorchester (neighborhood in boston)
Back home it was split level homes, 4 bd homes with rec rooms, they would have 4 families for 1 yr use there incomes to qualify for the 1 home, then they could save money for the 1 yr and the 3 other families would leave after the 1 yr with good money to put down on a home and they would host families for one year ect. So worse case you lived cramped 1 yr in host home and 1 yr your home and then you were good to go.
thats too much for me to do, i'm gonna wait for my friend john to become a famous rock star and support me, cause thats the plan...now i just have to find him, cause he ran off with some chick :&
yea, i might talk to friends about this now. these people are buying up condos, for a few hundred thousand, and selling for million (some cases)...its crazy.
Im on my second spec house as well as working for two builders and have found that around here its not slowing down but the market is changing, a year ago 2000 sg ft was about 200k now its went to as high as 280k and homes are not selling. Now homes in the 1300 sq ft range around 150k are sell as well as smaller places too. Alot of folks have not the cash to spend on a second place. Ive got my lots cheap by looking at the county tax web site and find out the specifics on properties and find the good ones that canbe bought cheap or for the back taxes. I honestly dont feel safe with real estate or the stock market, in alot of ways im stocking up on alot of material things and stashing them cause if the world does goto shit some things you might not just be able to get.
Tax records are great for good deals. Look for homes/land that looks vacant for long time then look up records too is another good way. My next pruchase shall be some land, then I want to build a small 16x40'ish 2 story home with basement.
I told my son"boy,don't end up roofing like dad---get real estate.He's 26 and bought his 3rd house today.------The markets went crazy,I guess everywhere this last year.Prices went way up,interest was down--but there will come a day of reckoning.There always is and people lose their houses.But it makes sense to get a group together and invest ,especially if some in the group can do the necessary work.For example--there's a 30 unit apt house here in Eugene for 716 thousand.Do the math--with a suitable down,there' positive income immediately.We just can't do it right now but I wish we could.8keeper--there are a lot of material things,but only so much land.
Im looking for the mad max type days when ya got what ya got, kill to keep it and kill to take it.....
