Real Estate
 

I cannot believe we are still going down. The crisis was 4 years ago and we still losing ground. Just did two flips and got out with just a few k each. Could have gone the other way pretty easily. Porn and real estate.... fuck!

It is not time yet by far, flipping aint easy right now and making a few k is better than losing it :winkwink:

if you have a good porn site know just think what will happen when the economic climate changes

Who the fuck is gonna be flipping houses right now. It's not 2007. Buy it and rent it out.

I bought a condo, a model home, for $50k - that's the price of an SUV. Rented it out to my best friend who's spent the past fifteen years renting an apartment. Can't loose.

I have a lot of rentals and I have been flipping since 2008. It was pretty profitable but the margins are thinner as the prices are still dropping. As well as the stuff you can buy is not as nice as it was in 2008 and 2009. Stuff that sold for big money in 2005 has been pretty beat up by 2011.

I have been adding rentals every year. You cannot beat the rent to price ratios right now.

I just looked at a residential/commercial property yesterday that is 2.5 acres with a modest house that honestly isn't that bad. I mean it's not any thing to boast about but it's also not some shitty cracker box.

The thing is next to the house is a 30x36 garage/building (tall enough to get a tractor tailor in) that is only 1 year old. The property is on a state rd with access to a major highway less than 1 mile away and access to one of the major toll rods in MA just another mile or two away (ie goes straight to Boston which is about 1hr away)

The place sold for $147k in 2001, then they flipped it for $255k in 2005 and is now foreclosed and listed at $69k.

Personally, I'd love it for the garage and property size but I don't think I could live there as it's not a great location for me and it has a hotel butting up to the property that I don't think I'd want to live next to and as a investment I really don't want to do the rental shit.

It's just insane how much property went up then back down and I'd assume this place would at least go back to it's 2001 price range.

Aside from that there are duplexes and even 3 and 4 unit apt town houses all over in this area that are very cheap. (ie 100k to 170k) and this is in or around Worcester, which is a decent sized city but of course no Boston.

All the way down

Well this thread is no longer true. Up up and away! :)

Because the game is not flips. Its buy and hold or position buying.
I make $50,000 on my last real estate deal.

It depends were you live, parts of NY and Cali still very expensive :2 cents:

They are going back up. But there are still a lot of good deals out there.

Looking at Condo's now in Chicago. Plan on moving to Florida in the future but prices on some really nice ones 67k, 89k etc... so pretty sure I'm gonna make a move and hopefully I can dump it or rent it out in a couple years when I leave.