real estate

I’d recommend joining
“Lifestyles unlimited “

only a couple hundred dollars to join and they have a lot lot of info .

real estate can be like trucking

you can make some good money or you can lose your shirt , depending on the market timing . I have made good money and lost my shirt , in both businesses .

 

Yes. I own several rental units now. It’s primarily to support my retirement.

As noted above, lots can be made or lost. It’s wise to seek training on how to invest properly. I joined a group that teaches Real Estate investing and most of my days on the road are spent studying the business. (Audio lessons while driving, reading books or doing courses while parked).

 

Hi Pete 389 ,
I did , I started my company and had just rented a house , I got lucky , but unfortunately the guy I rented from didn't. He and his wife divorced a couple months after I moved in , and he gave me a good deal because he needed to do it fast and if I stayed it saved him money as well. It wasn't long until I was buying my next house I am not a trucker but if I had been when I could have, I think looking back , id live in the truck and save and invest. I can't think of a more safe investment than realty. Especially if you can start out young. Or anytime in life. You can't lose on property. It may go up and down in the short run but if you can wait for prices to up , it is a guarantee, you will make money. Prices and rent have gone up so much in just these last couple years that if the investors don't sell now , prices may go down , but they wont go down lower than they paid , unless you bought something terrible. I think in another post I saw you are just 16 , be grateful that you have a good head on your shoulders. It not as easy to do anything in life as it used to be. Once you make your first chunk of money , you will be figuring more ways to make it. Take care and don't forget , money will not make you happy , but it sure can make you comfortable in your misery . LOL. I have never used a realtor, but two times . I do my homework ,and talk to the people the bank.

 

Get advice , and then just keep what you like and will work for you, and , throw the rest away. I kind of fell into investing,( as I said before) I had a terrible business partner...blah blah blah....and I just constantly have my eyes an ears out for a good deal. and I pick up all the free real estate papers they have at the truck stops. And if it is your niche you can make money the same day you buy it. But I don't flip , its a lot of work. .I like to get to know the area and keep it . except now ! lol is a good time to sell ...even if it goes up everyone can make money. I am not greedy . If I make a healthy profit and someone does right after me ....good for us both !....I hear you ,I don't believe there is anything we cannot do , it we really want to. and if I can do it I believe anyone that wants to can. If I had not gotten my first break , i don't know If i would have thought of it. it takes time. ( i read you as saying you were being told you CAN'T, i see it correct now and I am in full agreement)

 

I pulled in a $100k above what I paid on a couple of flips in late 2019 and early 2020. Bought one in 2015 and the other in 2020. It wasn't really a "I want to get into real estate and make money" thing because regret selling both properties with hindsight. And I think if I tried to do that purposely it would end up a failure. Good land is difficult to find at a good price anyways and lightning struck me twice in that regard. Still looking for another one to keep this time around.

 

We bought a fixer upper 10 yrs a go for 115k and the asking prices today for same house is 600k . The rent in my area is $2500 for a 3-2 1100sq ft , I would like one more property preferably a multiunit and hold these for the next 20 yrs .