Investing in real estate - eBay Suspension & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > General Discussions (Off-Topic) > Making Money

Making Money Flipping, Investing, You Name it. Let’s discuss other ways of making money!

Reply
 
Thread Tools
  #1  
Old 01-24-2017
Junior Member
 
Join Date: Jul 2014
Posts: 98
Thanks: 19
Thanked 21 Times in 9 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Investing in real estate

Hey everyone.

Ive been selling on ebay for about 2 years now , i save up some money and just spend it on car parts and other stuff that looses its value.

Ive been thinking of investing in real estate lately, but my market in nyc is not for newbies, im thinking of going to nj or pa for some properties,
I know a couple of members on here have mentioned investing in properties as well, ive been listening to bigger pockets podcast too.

Do you guys looks for deals on the mls or just go to local property auctions for deals.

Thanks
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 01-28-2017
Senior Member
 
Join Date: Jan 2010
Posts: 750
Thanks: 3
Thanked 18 Times in 15 Posts
Activity: 7%
Longevity: 75%
iTrader: (0)
Default Re: Investing in real estate

i do in nj... i have own license.
Reply With Quote
  #3  
Old 01-29-2017
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 10,467
Thanks: 2,832
Thanked 3,529 Times in 1,515 Posts
Activity: 46%
Longevity: 100%
iTrader: (24)
Default Re: Investing in real estate

Real estate is iffy.. while yes you can make money, it's not one of those things that require no time or upkeep. You have to be on top of your properties otherwise you could be looking at very costly repairs.

I try to buy as cheap as possibly because that's where you get your return. I don't really make money on the income rent provides (it just covers mortgage, tax and yearly repairs). I make money from the house increasing in value.

I do like it though. I just wish I didn't own so many houses because now it takes more of my time.
__________________
¯\_(ツ)_/¯ Get -->

Notice: A SHORT & SWEET PM gets answered before ANY other PMs sent me.
Reply With Quote
The Following 2 Users Say Thank You to aspkin For This Useful Post:
Haidukken (02-04-2017), vogeltron (01-31-2017)
  #4  
Old 01-29-2017
Senior Member
 
Join Date: Jan 2010
Posts: 750
Thanks: 3
Thanked 18 Times in 15 Posts
Activity: 7%
Longevity: 75%
iTrader: (0)
Default Re: Investing in real estate

real estate is the one the best things to have/ invest.

if you do it right, you can get it for free. and it is fun.
Reply With Quote
  #5  
Old 01-30-2017
Junior Member
 
Join Date: Mar 2013
Posts: 17
Thanks: 3
Thanked 2 Times in 2 Posts
Activity: 0%
Longevity: 50%
iTrader: (0)
Default Re: Investing in real estate

Quote:
Originally Posted by incniu View Post
real estate is the one the best things to have/ invest.

if you do it right, you can get it for free. and it is fun.
Not sure to follow what you mean by getting it for free.

Sent from my LG-H831 using Tapatalk
Reply With Quote
  #6  
Old 01-30-2017
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,149
Thanks: 1,333
Thanked 4,263 Times in 3,332 Posts
Activity: 77%
Longevity: 49%
iTrader: (346)
Default Re: Investing in real estate

I did wonder that myself....
Reply With Quote
The Following User Says Thank You to JamesNorth101 For This Useful Post:
neo2013 (01-31-2017)
  #7  
Old 02-04-2017
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 10,467
Thanks: 2,832
Thanked 3,529 Times in 1,515 Posts
Activity: 46%
Longevity: 100%
iTrader: (24)
Default Re: Investing in real estate

Well, you can have hard money lenders that pony up most if not all of the capital to purchase and than flip the house for a profit (paying off the hard money lender in the process), thus not needing money to invest. It's a high risk game but it can be very profitable.
__________________
¯\_(ツ)_/¯ Get -->

Notice: A SHORT & SWEET PM gets answered before ANY other PMs sent me.
Reply With Quote
  #8  
Old 02-04-2017
Executive [VIP]
 
Join Date: Dec 2010
Posts: 3,385
Thanks: 238
Thanked 762 Times in 564 Posts
Activity: 0%
Longevity: 68%
iTrader: (0)
Default Re: Investing in real estate

I have a small four plex apartment building, i like apartment renting over house since the renters are closer than having 4 houses around the city, it makes picking up the rent easier and faster. But to my knowledge houses increase in value more over apartment buildings.

I started with single bedroom apartments, something small so that I can build up experience with property investments. If you start, make sure you take some classes on Landlord-Tenant Laws on the federal and local levels, you will need to know those, if not, you run the risk of lawsuits. Just like their is professional buyers on ebay, there is professional tenants that know that law and will take advantage of it.

This building provides a small profit after expenses every month, they are only single bedroom so its small. The money comes from having more and more buildings, either house or apartments. Over time, you can find a management company to manage your properties, average fees are 8-12% of the rent they collect.
Reply With Quote
  #9  
Old 04-24-2017
relinquish's Avatar
Junior Member
 
Join Date: Aug 2014
Posts: 5
Thanks: 3
Thanked 3 Times in 3 Posts
Activity: 9%
Longevity: 38%
iTrader: (0)
Default Re: Investing in real estate

I'm a property developer and I'm selling up. Don't buy anything before the next crash. 2020 to 2022. 2007 was just the horderve this will be the big one.
Reply With Quote
  #10  
Old 04-24-2017
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 10,467
Thanks: 2,832
Thanked 3,529 Times in 1,515 Posts
Activity: 46%
Longevity: 100%
iTrader: (24)
Default Re: Investing in real estate

I was thinking about that recently..

It seems property prices have jumped maybe 20% in the last couple years. It's crazy!

I'm thinking about purchasing a new place but you say not to for a few years? Hmm.

You think now is the time to unload on properties or wait 1-2 years and than unload?
__________________
¯\_(ツ)_/¯ Get -->

Notice: A SHORT & SWEET PM gets answered before ANY other PMs sent me.
Reply With Quote
  #11  
Old 04-24-2017
JamesNorth101's Avatar
Super Moderator
 
Join Date: Apr 2013
Posts: 17,149
Thanks: 1,333
Thanked 4,263 Times in 3,332 Posts
Activity: 77%
Longevity: 49%
iTrader: (346)
Default Re: Investing in real estate

Quote:
Originally Posted by relinquish View Post
I'm a property developer and I'm selling up. Don't buy anything before the next crash. 2020 to 2022. 2007 was just the horderve this will be the big one.
I would agree with that. It feels like one is due in the next couple of years.

If it will be worse than 2007 I couldn't say that is the job of economics and mystics. Both have about as much chance of getting the prediction right
Reply With Quote
  #12  
Old 05-10-2017
oompaloompa's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 9,565
Thanks: 502
Thanked 1,468 Times in 1,178 Posts
Activity: 6%
Longevity: 88%
iTrader: (7)
Default Re: Investing in real estate

depends on the Country market, lower prices too where there is over-building like some of Spain and florida but at the same time you can still lose on it and the prices might not go up much longterm, you can pick up for not much as market goin nowhere.

I have some properties in UK and abroad, the UK ones have made their money just standing there...one made over x2 in 10 years, but I would not touch the UK market right now, too inflated...no idea if a big crash coming, but I agree there has got to be a correction...

I got rid of a Turkish property before the prices dropped there, but I bought it cheap so not too many issues...

PS - like the spelling of hors d'oeuvres
__________________
https://youtu.be/bn4t0BuClbw

Last edited by oompaloompa; 05-10-2017 at 02:42 PM.
Reply With Quote
  #13  
Old 05-10-2017
Junior Member
Threadstarter  
 
Join Date: Jul 2014
Posts: 98
Thanks: 19
Thanked 21 Times in 9 Posts
Activity: 0%
Longevity: 39%
iTrader: (0)
Default Re: Investing in real estate

Thanks for all info ppl,

Same reason im not going all in yet, i know there will be a crash soon, mortgage rates have been really low and home owners have been paying more than value of property cause of easy lending and low intrest, the investor looses in a situation like this.

Going to hedge by buying silver now,

Just like when in 2008 crashed happened, by 2011 silver was trending at $50

Right now its at $15 and when the next crash occurs this metal is going to explode.

Where do you ppl sell back your silver, its always a 10% loss when selling back to market.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Share your finds- Flea market, yard sale, thrift store, auctions, estate sales Sandy D Subscriber Discussions 359 07-15-2012 06:45 PM
Designer Clothing from estate sale...... cherrqell VeRO 7 08-30-2010 09:59 PM
Investing your Money - Banks, Stocks, Real Estate, Collectibles, etc. retard Everything Else 16 06-21-2008 04:32 AM


Aspkin Group

All times are GMT -5. The time now is 10:43 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts