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What % of your investment assets = hard assets (ex, Real Estate)
Posted on 8/11/13 at 10:52 am
Posted on 8/11/13 at 10:52 am
And, yes, I am including equity in your primary residence.
4
Posted on 8/11/13 at 11:16 am to Sternocleidomastoid
95%. Foolish or not, I don't like to invest in things that are not tangible.
I'd be willing to bet my ROI for real estate smokes any of the stock gurus here. I bought another house this year as my primary residence. I utilized a $100 down payment program offered by HUD. The house was picked up for $52,000 with $12,000 more dedicated to repairs(new windows, refinishing the hard woods, new appliances, etc.)
I could sell the house tomorrow for $125,000 or wait a few months and get closer to $135,000.
So I only put $100 of my own money into a tangible asset that I can sell tax free in two years or less (if certain requirements are met) and make a profit of near $50,000 - $60,000 dollars.
I've done numerous deals like this and so can anyone else. The average Joe can find great RE deals if they are patient but I feel like even the most seasoned stock investor can easily get burned.
I'd be willing to bet my ROI for real estate smokes any of the stock gurus here. I bought another house this year as my primary residence. I utilized a $100 down payment program offered by HUD. The house was picked up for $52,000 with $12,000 more dedicated to repairs(new windows, refinishing the hard woods, new appliances, etc.)
I could sell the house tomorrow for $125,000 or wait a few months and get closer to $135,000.
So I only put $100 of my own money into a tangible asset that I can sell tax free in two years or less (if certain requirements are met) and make a profit of near $50,000 - $60,000 dollars.
I've done numerous deals like this and so can anyone else. The average Joe can find great RE deals if they are patient but I feel like even the most seasoned stock investor can easily get burned.
This post was edited on 8/11/13 at 11:18 am
Posted on 8/11/13 at 12:47 pm to Sternocleidomastoid
~25%
Posted on 8/12/13 at 9:57 am to Sternocleidomastoid
About 1/2, not including residential real estate at all because it is not an investment. It's an expense. 
Posted on 8/12/13 at 1:38 pm to Sternocleidomastoid
Close to 18% RE excluding personal residence (commercial and residential, directly owned, not REITs), 40% public equity, 5% small business, and the rest in cash to short duration fixed income, and ~ 90 lbs silver/gold.
I'm not knocking the flipping as being single and able to move easily is one thing, but it would be so cumbersome to move out of our existing house to go flip an owner occupied investment property I would not consider it and my wife would say F no regardless.
I'm not knocking the flipping as being single and able to move easily is one thing, but it would be so cumbersome to move out of our existing house to go flip an owner occupied investment property I would not consider it and my wife would say F no regardless.
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