I have to admit right up front I had trouble with today's lesson (I'm a great leader,LOL). Don't get me wrong, I totally agree with Donna about real estate being a great investment, but let's talk turkey here!!! You have to have some big bucks to make this work and in this day and age, even with having a pristine credit rating it hard to find a lender who wants to part with their cash. So I will be honest I didn't even read all of Tamara,s strategies (hence not reading the entire lesson, if I missed something please let me know).
I'm sorry to be such a spoiled sport about it, but I not really sure if this lesson applies to any of us at this point in our lives. However, if and when you come into some money to invest, I wholeheartedly agree with Donna, real estate is the way to go!
Nola
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Oh the joys of real-estate. My parents joked with Aaron and me saying that we should just sell our house NOW since we bought it WAY below market value since it was bank owned. But there's no way I'm going to sell my first house that soon...then we'd REALLY be homeless!
I agree with you, Nola; you need money in order to MAKE money in this particular field, not to mention time. If any of you have watched "Flip This/That House", I get nervouse just watching it b/c I'm so nervous that the people trying to flip the house won't get a cent from their initial purchase...or end up losing a bunch a money YIKES! Anyway, this realm of money making is definitely not for me...not now, later, or ever. haha. Cheers to the people who are more ambitious than me!
hey everyone,
i have heard there is a way to do the real-estate thing with hardly any out-of-pocket money, but have yet had the time to check it out. i am with both missy and nola, usually it takes money and the return can be risky and lenthly. but if i every find our info. or decide to give it a whirl (someday when i actually have money left after payday! LOL) i'll let ALL my sisters know and we can share the wealth on on island selling banana's and getting a good tan along with some good "eye" candy!!! (LOL, for those of you who get it! sorry i have a strange sense of humor when i am tired after a long day at work and remember i did grow up in the "corn fields" of a small town)
love ya all lots,
missy bailey
My mom was a realtor for a time, and that lead me to dislike this area of business with a passion. Too confusing and too demanding. Buyers would often drop out, and sellers would put her through the ringer with their demands. We didn't see much of her due to her clients' schedules and needs.
As attractive as making signficant money would be, I am afraid that real estate is not going to be the way that I will do it.
I would definitely be interested in investing money as a group project, if someone else manages the investment. I would just collect my portion of the profit. I wonder if there is something like this available?
Remember girls,
This book was not written this year. When the market is good it's not quite as scary. My parents bought a home that was not yet built in Acton 5 years ago.The market was very strong and builders couldn't keep up with the demand. They paid 450,000 with many upgrades. By the time the house was built, 3 months later, it was worth almost 600,000(I said sell it,they didn't). Not a bad return. Some people are gifted in being able to somewhat read the market. Right now might not be the time, but keep the info tucked away, God never wastes what he teaches us :)
Have a great day.
This is actually something that my husband and I would love to get involved with someday (when we have some extra money). My husband and his father are very handy and they have a good eye for what needs to be done. Anyway, as Theresa said, I am going to tuck this info away for later when we have some extra finances! :)
I agree with you Nola, if I had the money for real estate, then I wouldn't be in an apartment now. I love those "Flip This/That" type of shows, as I love building things but I'll put this lesson away for now as Sarah said.
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