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re: Real estate or stock market?
Posted on 2/21/15 at 8:14 am to Early Riser
Posted on 2/21/15 at 8:14 am to Early Riser
Real estate is no different than actively managing your equity, or actively trading it. It is like a business, or career. One succeeds if they work both smarter and harder.
Look, I see a lot of people that seem to have hit it big without working hard. That hasn't been my experience, and I doubt it is the majority experience.
Consistency always outperforms occasional brilliance.
Look, I see a lot of people that seem to have hit it big without working hard. That hasn't been my experience, and I doubt it is the majority experience.
Consistency always outperforms occasional brilliance.
2
Posted on 2/21/15 at 8:59 am to Iowa Golfer
I somewhat disagree. I think investing in real estate is idiot proof. The math is basic. You have a checklist of things to follow and if you check everything off, your returns can be astronomically higher than the stock market.
Exhibit A. : My current project is a four bedroom house in fair condition. I purchased it for $18,000. I'll be putting about $5,000 into it and renting it for $700 a month (already have tenant waiting).
I didn't even have to look hard for this deal. It was on the MLS. $23,000 purchase for a $35,000 asset. When repairs are done, it will be generating a gross revenue stream of $8,400 per year.
Not a hypothetical....this is reality. I plan on doing 20 more just like it.
Exhibit A. : My current project is a four bedroom house in fair condition. I purchased it for $18,000. I'll be putting about $5,000 into it and renting it for $700 a month (already have tenant waiting).
I didn't even have to look hard for this deal. It was on the MLS. $23,000 purchase for a $35,000 asset. When repairs are done, it will be generating a gross revenue stream of $8,400 per year.
Not a hypothetical....this is reality. I plan on doing 20 more just like it.
This post was edited on 2/21/15 at 9:01 am
Posted on 2/21/15 at 9:08 am to Iowa Golfer
quote:
Real estate is no different than actively managing your equity, or actively trading it. It is like a business, or career. One succeeds if they work both smarter and harder.
This. I've been very successful the last 6 years actively trading. I spend 1 to 2 hours a day and sometimes more on the weekend studying charts (I spend most of my time here), investigating market fundamentals, reading Central Bank meeting notes, etc.
The stock market is similar to real estate in the fact that one gets out of it what they put into it. Dumping money in a mutual fund won't give as good as a return as putting in time and effort with trading/investing. In real estate I'd imagine that things such as small repairs, doing the yard maintenance, being good at choosing tenants, picking properties in the good areas, etc dramatically improves returns.
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