bobbydigital

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Right now, the only solid investment that I see is owning property. So i'm in the process of buying a fixer upper. I have the know how to do pretty much all the work myself along with my brother. Then after everything is in good shape, I'm going to rent the property hopely to college students. Is this the route I should go? Anybody have any advice if you have done this or should I stay away? Thanks.

csw1608

I invest in fixer uppers. It is great but you do not want to rent your property to college students. It will be a nightmare. When they leave you will be fixing your house up.....again and again if you rent out. I fix up and sell. It's the way to go. I bought a Forclosed house for $30,000.00 and fixed it up. I will have had the property for about 4 months. I'm selling in a month for $80,000.00. I have only put in about $8,000.00 but you have to learn how to do everything. See if you rent and want to rent again, you will have to refinance the rental property (after you have fixed up), then your small monthly payment you have is now a big one(if you take the equity money and use it to buy another property). It will be hard to have 3 motgages...you know what I mean?

keybrent64

sirus satelite radio is a very good investment right now

mw5

I agree about the not wanting to rent to college students. if you have to do it, try to at least use grad students.
that being said, if able to do the work, fixer-uppers are a great way to invest

TravelFreak

Off shore investing is where it is at. Easy to do and the ROI (Return On Investment) is incredible! You can nearly double your money every month - do the math.

tombb25

I was in the process of opening a poker room in California, but it seems that one of the stupid ass propositions decided that no more card room permits were to be distributed until 2010, unless you buy an existing

ET1(SS)

Bobby-
“Right now, the only solid investment that I see is owning property. So i'm in the process of buying a fixer upper. I have the know how to do pretty much all the work myself along with my brother. Then after everything is in good shape, I'm going to rent the property hopefully to college students. Is this the route I should go? Anybody have any advice if you have done this or should I stay away? Thanks.”

I really like doing MFRs.




CSW-
“I invest in fixer uppers. It is great but you do not want to rent your property to college students. It will be a nightmare. When they leave you will be fixing your house up.....again and again if you rent out. I fix up and sell. It's the way to go. I bought a Foreclosed house for $30,000.00 and fixed it up. I will have had the property for about 4 months. I'm selling in a month for $80,000.00. I have only put in about $8,000.00 but you have to learn how to do everything. See if you rent and want to rent again, you will have to refinance the rental property (after you have fixed up), then your small monthly payment you have is now a big one(if you take the equity money and use it to buy another property). It will be hard to have 3 mortgages...you know what I mean?"

I like renting to college students.

Look I buy a MFR [Multi-family-Residence] like a Tri-plex, Quad-plex, 5-plex, 20-plex building. I buy them with HUD FHA no-money down loans [they are called first-time home-owners loans].

I buy them, loaded with renters, leaving only one unit empty. I move my family into the empty unit which is usually the bigger ‘Manager apartment, and I collect the first month’s rent BEFORE the first mortgage payment comes due.

Two units will normally cover the mortgage payment, and maybe some part of the property taxes, by the time you are holding 5 unit’s rent money, you have covered all expenses and just need to begin making repairs from the money in you hands.

These MFRs can be used to keep you fully-tax-sheltered. So that you will never again pay income tax.

College students should never be rented a nice complete apartment. Rent to them a dorm room, but keep in mind that their lease is going to be different, they are only in the building for 9 months a year. You never have to evict them; they are gone at the end of each school year. But never give them anything they can break.

Patching the holes in the walls and re-painting is just standard, but it is not hard.

I don’t like ‘flipping’ houses; you have to pay taxes on that money.

When you buy a MFR with no-money-down, it will pay for itself and it will provide you with a home for your family. It will build equity for you, which you can re-finance and use as you wish, all without paying income taxes. MFRs will also have a huge depreciation, which will keep them ‘losing’ money on paper. That loss of money is subtracted from your AGI [Adjusted Gross Income] so that it shelters you from income taxes. They don’t just shelter the money that you made from that MFR, but they shelter all your other incomes from taxes too.

By ‘flipping’ some old fixer-upper, you make money that once. And it is not guaranteed that you will make any.

A MFR makes money every month, every year. Ten years later they will still be making you money.

The ‘First-time-home-owners’ loan, requires that you buy in a slum neighborhood, requires that you agree to live in the building for the first year, and they may require that you rent to ‘low-income’ people. They also require that this be the first time that you have ever bought a home in that state ever.

We have done this in Southern California. And in Connecticut, and in Washington, and Scotland.

It works.

:-)

styx

Try buying into established businesses.

yorksm33

big scam selling land without planning permission with the massive increase in value (when planning is granted ) used as bait!!! been doing the rounds in the uk, i know of atleast 3 companies now marketing uk land in the usa, prices circa 10k investment with a return of 150-200k in 5-8 years , sound too good to be true????........thats because it is... stay away, if you need any advice just e-mail me, obviously dodgy ground posting companies names, no fees, ill tell it how it is. (used to sell for major land investment co in the uk)

quirin

i would suggest that u invest in property in dubai, i personally invested there and the outcome is more than double with in less than a year. if u have any qustions concerning property in dubai, feel free to ask.

ET1(SS)

I bought 42 acres of forest land one year ago, I got buildng permits and have been in the process of building our new home.

Today I was offered twice my purchase price.

hmm. a good investment.

tuathal

Eastern Europe is another good place to shop for Houses or Land, such as Bulgaria or Hungary. Very cheap at the moment. And with these countries joining the EU, in a few years house prices are gonna go through the roof.

zippy

I invest in Tech stocks, One I have been following is Ticker; IAUS, International Automated System

ET1(SS)

'Tech stocks'?

The stock market is like gambling. two folks put out their money, one wins one loses. Do it once you might 'win', but the more often you do it, the more likely you are to lose. Only the 'house' wins.

There is a whole world of really good investments out there.

My father buys mortgage notes, he makes a solid 20% APR on his money, if the mortgage holder defaults on the mortgage then the he gets the property, and he sells it for it's full-market value. If the home-owner makes all payments on time, the holder of the note wins. If the home-owner defaults, the holder of the note wins.

I do MFRs, their fully insured and I clear a solid 16% APR on every penny that I invest. AND they fully shelter me from ever paying any income taxes.

There is nothing at the stock exchange that can do this.

:-)