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re: What % of your investment assets = hard assets (ex, Real Estate)
Posted on 8/11/13 at 11:16 am to Sternocleidomastoid
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
5
Posted on 8/11/13 at 11:22 am to I Love Bama
How did you buy the house for so cheap? Also, what was the time frame from purchase, repairs, available to sell for $100,000+? Really curious, almost sounds like one of those too good to be true deals.
Posted on 8/11/13 at 11:38 am to I Love Bama
quote:
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.
Real estate is an area where you actually can know more about an investment that someone else. This is far less likely to be true for stocks. So yes, the patient investor can do well.
The other difference of course is the amount of time you have to put into it.
Posted on 8/11/13 at 1:12 pm to I Love Bama
quote:
The house was picked up for $52,000
quote:
Alabama
Were all the tires flat?
Posted on 8/11/13 at 2:00 pm to I Love Bama
quote:
ROI for real estate smokes any of the stock gurus here.
what is your return annually on your RESIDENTIAL rentals? not commercial, not fix and flips, not foreclose and flips. Those returns are astronomical(types of flips). Just give me the residential rental return rate you get annually. I want to compare it with mine. Oh and it has to be a property you have financed,20 to 25% down, not one you bought all cash.
This post was edited on 8/11/13 at 2:03 pm
Posted on 8/12/13 at 10:52 am to I Love Bama
quote:I'm becoming increasingly convinced that smart money should start looking at hard assets. 95 percent is alot but I get what you're saying. The profit from selling a hud house is tax free? And are you just talking about picking a foreclosed house up cheap and making it look respectable before selling it?
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.
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