LETS TALK REAL ESTATE BUY SELL TRENDS NEWS ADVICE OR GOT A GOOD JOKE? BLOG IT!
Entry for August 30, 2006
Initiated and Testing Blog page
2006-08-30 21:05:10 GMT
Comments (17 total)
Author:Anonymous
Testing Blog content
--webmaster
2006-09-03 18:37:46 GMT
Author:Anonymous
simpleproperties4sale.com
--webmaster
2006-09-03 18:55:18 GMT
Author:Anonymous
LOOKING FOR LAND IN COLORADO. ANYBODY GOT ANY?
--josh merrill
<mailto:merrillcon@aol.com>
2006-09-06 23:10:53 GMT
Author:Anonymous
what is everybodies thought on the market? I am tired of hearing about softening and slowing down. what will the market do in the next 6 months? in my opinion now is the time to be buying, things are going to spring back and go even higher within a year to a year and a half, and those that didnt take advantage of buying in this buyers market will say the same things their saying now about how come they didnt see it coming and why didnt they act sooner. listen, the way it works is this.....you must buy when everybody else is selling and sell when every one else is buying. You must be opposite the crowd if you expect to get good deals and make money in the real estate market. what are your thoughts?
--buckhunter
<mailto:simplyproperties@aol.com>
2006-09-07 00:24:59 GMT
Author:Anonymous
just passed up an opportunity on a small camp and 1 acre of land in New York state for 7,000. I probably should have bought it but was nervous about my other properties selling and the state of the market, perhaps I should have read buckhunters email yesterday to give me inspiration.
--fred
2006-09-07 10:32:22 GMT
Author:Anonymous
Fred & Buckhunter..
Respectively, buckhunter's philosphy is good... but I believe there is one important FACTOR..
In a soft, unstable market... where there are few quick flips..... and you are buying with borrowed funds... you are taking a big chance that your profits will be swallowed up with the interest paid.
Real estate, unlike the stock market doesn't loose it's value... BUT there are times, where it stalls out, and you have to wait on it. These times, are when it is best not to be sitting on borrowed money.
--Mrs. G
2006-09-08 03:10:41 GMT
Author:Anonymous
thanks mrs.g. that is why I didnt buy, because it would of been borrowed money and I have more than enough property that is not selling now. are you a real estate investor?
--fred
2006-09-08 22:20:03 GMT
Author:Anonymous
come on people, you must buy now..the market will come back, obviously i dont recommend any risky maneuvors but what is $7,000, I mean really what could the interest possibly be on that amount 500 a year, how bad could you get hurt with numbers like that? Let me know next time you have a deal like that and I will buy it.
--buckhunter
2006-09-08 22:23:04 GMT
Author:Anonymous
Fred :-) No need to thank me, thank your good sense of good judgement. What is right for you, may not be for another. Yea, Fred... I have invested in real estate for several years... I have been through the 10 year droughts at least twice in my lifetime. "ONCE" I heavily experienced the sting of investing with borrowed money. The second time, well, let's just say, Thank God for ZERO percent credit cards! I switched them several times, and managed to keep them going for 2 YEARS! Fortunately, at that time (2004) Real Estate was flying high, and I made out very well! I hope that I have developed the patience needed to be wiser on my next investment.
Now... Buck :-) Your right, $7000 is not much money for you or me, perhaps. But it is all, relative to the individual.
Here is my belief:
Unless, the property has recently been valued at nearly 50% over the amount of investment... I still need to determine the percentage I would profit on that $7000, and if that $7000 investment would be better used to pay off a debt, already incurring.
Let's say you have 3 minor non- income investments , all being $7000 not much right? Only $7000 EACH. But you put them all together and you have $21,000 ( in my cash flow, that is nice little bundle). If all three of these minor, $7000 investments are purchased with borrowed money, and you need to sit on them for a year or two. How much would be the profit, after interest, improvement, marketing, taxes, attorney fees and other purchase and sales fees ? Plus during these couple years , you are increasing your debt and reducing your accessible cash flow within your own pocket and within the loan institutions, even your credit rating.
I agree that is the time to buy, but those times differ within every ones financial means. The object is to make your money work for you!
I believe there is still plenty of time to make all kinds of money in real estate, I will wait and watch the anxious "Green Horns" pull it out of their sleeve... And when they are sleeveless, I will be there picking of their remains at a fraction of their costs. Politely, of course :-)
Mrs. G :-)
--Mrs. G
2006-09-09 02:12:57 GMT
Author:Anonymous
MRs. G.....thank you so much for your input, old buck has deeper pockets than I. I have two houses right now both worth about 500,000 and neither one giving me any ROI. What is your take on the market? do you think it will get worse before it gets better or stay flat. I live in Vermont and we have not seen any decline but there has not been any appreciation in the last 12 months either. my prediction is this market will stay flat for another 6 months, until spring then bounce back and be strong next year. I think if we could get out of this damn war it would help. the terrorism doesnt really affect this market, actually makes it better if anything, because people just want to get away from the big cities and hide from the situation. obviously I am not hoping for anymore terrorism......
--fred
2006-09-09 15:54:57 GMT
Author:Anonymous
fred...keep your head up, your houses will sell, and continue to look at new investments, you must stay with the program and exercise your mind as to how you can get into this properties, but as mrs g states you must be wise about it, only buy when there is a way to get a return on your money, flips are ok but not wise unless you have the capital to back it up. if you are going to borrow money only borrow for property that you can rent or lease to at least cover the payments. we all know that if you really want out of your properties you can sell them at 30% under appraisal to just about any investor out there. but I am not advising that, hold out if you can the market will come back.
--buckhunter
2006-09-09 21:14:36 GMT
Author:Anonymous
We just came across your web site. You have a good idea here and I wish you good luck. It will be tough to move up in ranks with the larger established web sites but if you are determined, you will make it!
Best wishes,
Susan & Rob
2006-09-13 19:45:55 GMT
Author:Anonymous
Susan and Rob, thanks for the input, how did you find us? it will take time for us to become known but our intentions are not to compete with the big guys, but to keep a small dedicated following of investors and home buyers who refer their family and friends. please feel free to visit often and pass us along....
--josh
<mailto:simplyproperties@aol.com>
2006-09-13 21:35:57 GMT
Author:Anonymous
Anyone out there have any ideas for off grid power? we will be building in the Island pond area and the cost to bring in electric is cost prohibitive for what we want to build. We were thinking of a deisel generator with a solar trickle charger to keep the batteries up when we are not there......Any ideas? Bob and Eileen
--Bob and Eileen
<mailto:fisgdog5555@verizon.net>
2007-01-16 15:52:06 GMT
Author:Anonymous
Hi Bob and Eileen :-)
Sorry can't help ya much with alternative power options, but the Internet has access to all kinds of options to read upon!
Mrs. G
2007-02-06 15:09:46 GMT
Author:Anonymous
bob and eileen
Vermont is a tough one for alternative power, solar is an option, but generally not that great of one. do you have any water, a water turbine is always good but you need a steady supply of water. the generator will work but the cost is about twice of regular power. can you get gid power? perhaps wind would work depending on your spot. good luck
--josh
<mailto:josh@merrillconstruction.net>
2007-02-10 22:10:52 GMT
Author:Anonymous
NEW! Starting to list some new properties, some will be for rent! Keep looking. Should be posted within 30 days!