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Real Estate vs. Stock Trading
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Kickb Away
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Post: #51
RE: Real Estate vs. Stock Trading
Make sure you guys put away 20-40% of the profit each month to pay for damages that you will find when the tenants move out.
04-08-2013 10:51 AM
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jmoney29 Offline
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Post: #52
RE: Real Estate vs. Stock Trading
Its totally possible if you have drive and the connections. Check out this link: http://www.crainsdetroit.com/article/201...ate=mobile

(11-16-2012 12:36 AM)pittsburghkid Wrote:  I've been looking into real estate investment for some time. I'm currently a junior on college and am learning about REIT's. It seems to me that after the initial startup process, legalitys and gathering your 100 investors this is a way to get rich, like your own island rich. And while Im sure that its not easy to start one of these complicated endeavors, every community has like minded professionals with expertise in these areas, and a wallet to invest. So, my question would be is it realistic to expect a kid with a state university degree and 4 years of sales experience to be able to start a trust out of college. I suspect Im being naive. What do you guys think?
04-08-2013 01:19 PM
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Kickb Away
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Post: #53
RE: Real Estate vs. Stock Trading
Especially if you get in now. Prices are rising but are still low (Same for interest rates but those will be expiring soon) So now is the best time to buy an investment property and sit on it for a few years or rent it out.

This is for my area. Not sure what's going on in the rest of the country.
(This post was last modified: 04-08-2013 03:28 PM by Kickb.)
04-08-2013 03:27 PM
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MongolianAbroad
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Post: #54
RE: Real Estate vs. Stock Trading
Real estate ownership has fantastic tax advantages. Stock ownership doesn't. Just a consideration.
04-10-2013 09:12 PM
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Pancho Offline
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Post: #55
RE: Real Estate vs. Stock Trading
Bumping this thread.

Anybody own homes and renting them out?

How do you find reliable Tennants who will actually pay
01-01-2018 11:24 PM
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BlueMark Online
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Post: #56
RE: Real Estate vs. Stock Trading
I found my tenants on Craigslist, selecting for young single professionals. I ask for their LinkedIn profiles and work references. I've found that if they are reliable people who have their professional lives in order, they will also reliably pay their rent.

Craigslist won't allow you to post anything discriminatory in the housing ad, but they can't stop you from asking prospective tenants for their personal and professional info over email.
01-02-2018 03:48 AM
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Cyril Offline
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Post: #57
RE: Real Estate vs. Stock Trading
You find reliable tenants by going for the boring professionals. The people who have their lifes figured out for the next ten years and are in a stable career. Couples are a bit double-edged as a couple living together can leave your house in better condition, but also break-ups do happen and the last thing you want to do is finding new tenants multiple times a year.

Personally haven't tried it but heard good things about finding tenants through Facebook groups. Similarly to BlueMark's idea of checking LinkedIn profiles, it helps having a look at the future tenants personal life.
01-02-2018 02:10 PM
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Pancho
bgbusiness Away
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Post: #58
RE: Real Estate vs. Stock Trading
I am going to add more to this thread later on, but if you are trying to learn real estate, go watch Grant Cardone on youtube. He has amazing insights for free on youtube, puts new content every week. He already has a lot of free content on his channel. There isn't much to learn when you have the basis down and if you have a business background, pretty much everything is easy to absorb. Read couple books, you don't need to read like 10 books.

What you have to is work the properties, go to the neighborhood and investigate, really know inside and out.
Look at deals, hundreds of deals before you buy one. Just like you have to go through several girls and go approach many chicks before you consider one of the chicks that you are interested for LTR.

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
01-03-2018 12:15 AM
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Pancho
Pancho Offline
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Post: #59
RE: Real Estate vs. Stock Trading
(01-03-2018 12:15 AM)bgbusiness Wrote:  I am going to add more to this thread later on, but if you are trying to learn real estate, go watch Grant Cardone on youtube. He has amazing insights for free on youtube, puts new content every week. He already has a lot of free content on his channel. There isn't much to learn when you have the basis down and if you have a business background, pretty much everything is easy to absorb. Read couple books, you don't need to read like 10 books.

What you have to is work the properties, go to the neighborhood and investigate, really know inside and out.
Look at deals, hundreds of deals before you buy one. Just like you have to go through several girls and go approach many chicks before you consider one of the chicks that you are interested for LTR.

Thanks for this. I checked the guy out on YouTube and he has alot of helpful information. That's pretty much what I want. A passive income. Make money work for you.
01-04-2018 07:46 AM
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bgbusiness Away
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Post: #60
RE: Real Estate vs. Stock Trading
(01-04-2018 07:46 AM)Pancho Wrote:  
(01-03-2018 12:15 AM)bgbusiness Wrote:  I am going to add more to this thread later on, but if you are trying to learn real estate, go watch Grant Cardone on youtube. He has amazing insights for free on youtube, puts new content every week. He already has a lot of free content on his channel. There isn't much to learn when you have the basis down and if you have a business background, pretty much everything is easy to absorb. Read couple books, you don't need to read like 10 books.

What you have to is work the properties, go to the neighborhood and investigate, really know inside and out.
Look at deals, hundreds of deals before you buy one. Just like you have to go through several girls and go approach many chicks before you consider one of the chicks that you are interested for LTR.

Thanks for this. I checked the guy out on YouTube and he has alot of helpful information. That's pretty much what I want. A passive income. Make money work for you.

(Just in case you are looking for a short-cut or an easy way out to get easy money...)
Np, but you will realize that "passive income" is not really "passive".
Grant Cardone works super hard for his money. Any investor who has net worth over 10mil or 100mil works super hard for their money.
It's not like they just invested in a stock or real estate and sit around eating chips on the couch watching Netflix.

Yeah, it is "passive" in the sense that the money is working for you.
However, Warren Buffett goes to his office and reads fucking 8 hours a day and keeps up with everything that is going on. He still works his ASS OFF.

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
(This post was last modified: 01-04-2018 12:32 PM by bgbusiness.)
01-04-2018 12:31 PM
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Pancho
Australia Sucks Offline
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Post: #61
RE: Real Estate vs. Stock Trading
O.P. I would start by putting money in stocks first then when later on when you have built up your capital base to a more reasonable level you can consider property.
01-04-2018 12:45 PM
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Beirut Offline
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Post: #62
RE: Real Estate vs. Stock Trading
I build and invest in real estate but market and rules are so different that i dont think i can offer much help to an american.

It was very good to me then market slowed to a halt due to Syria situation.

Overall, i feel real estate ownership is at its core the most solid investment.

Until Elon colonizes Mars, noone is making more land.

Only problem is its not liquid enough to gtfo when shit hits the fan somewhere, which is causing me some anxiety.

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01-04-2018 04:15 PM
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Denzel Offline
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Post: #63
RE: Real Estate vs. Stock Trading
^
If it causes anxiety, then you do not diversify in other areas -enough-. My two cents.
(This post was last modified: 01-04-2018 07:43 PM by Denzel.)
01-04-2018 07:35 PM
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bgbusiness Away
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Post: #64
RE: Real Estate vs. Stock Trading
(So coming back to this thread...as I didn't have enough time to check where I am getting my info on real estate)

I mentioned Grant Cardone dominating social media and youtube in terms of real estate investing.

Here are other people that I am learning from especially on youtube.
1. BiggerPockets
2. GrahamStephan
3. Ricky Gutierrez

Even Tai Lopez has a little bit of real estate videos. He has a product on it.

There are also just real estate coaches that you can go to seminars for if you are really dedicated.

I would read maybe 5 books, but not a lot really especially if you have a business background.
Donald Trump's Art of the Deal is really good, Grant Cardone has some books also, but they are not real estate focused.

"Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner."
- Heat

"That's the difference between you and me. You wanna lose small, I wanna win big."
(This post was last modified: 01-05-2018 03:29 AM by bgbusiness.)
01-05-2018 03:28 AM
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Beirut Offline
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Post: #65
RE: Real Estate vs. Stock Trading
(01-04-2018 07:35 PM)Denzel Wrote:  ^
If it causes anxiety, then you do not diversify in other areas -enough-. My two cents.

Its true but the good options to do that here are limited

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01-05-2018 08:30 AM
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Hell_Is_Like_Newark Offline
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Post: #66
RE: Real Estate vs. Stock Trading
(01-01-2018 11:24 PM)Pancho Wrote:  Bumping this thread.

Anybody own homes and renting them out?

How do you find reliable Tennants who will actually pay

Run background checks:
http://www.tenantsafe.com/

Also make sure the rent does not exceed 35% to 40% of the tenant's gross income. When you go above that, you run the risk of a tenant getting over-extended.

Except for the 2008 crash, I have had very little turnover as far as tenants go. Just recently I got some turnover because my tenants of 6+ years bought a house. I go for 'mid-market' rentals which is basically affordable for lets say two people, in their later 20s to early 30s, making about $45k a year each. The high end stuff there is too much competition and those places empty out in a recession. Or they are 'affordable' by H1B Indians who pack 10 people into a 2 bedroom (not an exaggeration).

I avoid trying to rent to Section 8, though I can't legally say 'no Section 8'. Criminal and credit background checks generally filter them out. Section 8 is a great way to make money with the taxpayer paying the bulk of the rent, but Christ, a lot of your Section 8 people are horrific. In my city, the Hasids specialize in renting large apartment buildings (without Section 8, they would be rent controlled) that are the source of all the major crimes in the neighborhood.
01-05-2018 08:39 AM
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kosko Offline
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Post: #67
RE: Real Estate vs. Stock Trading
I've had a renewed interest in this as I recently discovered my credit is actually not bad. It's is decent and above average for when I thought it was in the dumps. I thought RE would be out of reach for me but in leaning this now there is a renewed energy to get strategy in place to attain a income property of some sort. I've done some work with appraisals and entitlements, and have done stints with doing market research for a big pension fund that builds Commercial RE so I have some background knowledge on how it all works.


But all that leaves a financial knowledge gap to an extent. I've been trying to figure out ways to pick up RE finance knowledge and I have signed up for some professional development courses as a start. They are not taxing in their size and just teach what is important at a high level which is all I need.

I find the education part to be a toss up. I've taken many courses but still I can't build a decent proforma as every course has a different approach and you really have to learn good assumptions and inputs to really make your model do anything. I also think courses over complicate things when you basically need to understsnd the time horizons for your debt and what cash flow you can squeeze which seem simple enough on their own when you think about it. If anyone has any recommendations on some books it would be greatly appreciated.

Market research is underrated. Census data will tell you where young working professionals are moving too. Monitoring business activity in a market also helps as you can piggyback on jobs or find up and coming areas that trendy business are moving too. Much of this data isn't behind paywalls as most cities keep track of this stuff for thier own internal reports. You can find business and employment data with your city or county and census data is all there for you to compile yourself or most cities have some data nerds who have blogs that pump out the data and you can find maps and tables on stuff you need lots of the time.

No need to buy shit shacks in the hood nobody wants to live in aside from criminals. You can find cheap homes in up and coming areas that the general public just isn't aware of yet on the mainstream.

Another good tip is to piggyback public investment. Try to get in good with your city councillor to learn about capital improvements to things such as parks, hospitals, or transit. These projects are planned and budgeted for years in advance so you can jump on future upside in areas of you learn what areas money is being funneled too. This is how the big dogs get major upside as they get insider information on future capital projects and then go swoop up acres of land and sit and wait for the appreciation.

Transit and hospitals are a good one. As they are a magnet for jobs or to facilitate access to jobs. A new hospital means nurses and med-techs with good incomes will want to be close to work and want a nice play to live in. Government never will build this in expensive areas not because of the costs, but because rich homeowners don't want a bunch of sick fuckers next door to them so they usually pick more outlying areas which have discounts for property surrounding it.
(This post was last modified: 01-17-2018 06:51 AM by kosko.)
01-17-2018 06:48 AM
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edlefou Offline
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Post: #68
RE: Real Estate vs. Stock Trading
Don't overthink it. Instead of taking finance courses you're better off taking shop class and learning to use tools.

Before you buy location will be the biggest factor on your return.

After you buy biggest controllable impact on cash flow is maintenance and management costs. If you do it yourself you'll put way more money in your pocket.

Stay away from condos.

I don't know anything about commercial, so this applies to residential.
01-19-2018 11:20 AM
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gework Offline
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Post: #69
RE: Real Estate vs. Stock Trading
Posting here, rather than starting a new thread.

Does anyone know if there are any companies that will manage your property for vacation rentals as well as pay the bills, do any paper work?

At a glance I can see various AirBnB management services, but the coverage appears to be largely limited to places I'm not interested in; and I can't see anything about them managing bill payments etc.

I can't imagine it would be to hard for someone to pay the bills. I paid a lawyer about $100 to do it before. I didn't have to do anything beyond give him the money.
10-04-2018 06:02 PM
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jcrew247 Offline
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Post: #70
RE: Real Estate vs. Stock Trading
(10-04-2018 06:02 PM)gework Wrote:  Posting here, rather than starting a new thread.

Does anyone know if there are any companies that will manage your property for vacation rentals as well as pay the bills, do any paper work?

At a glance I can see various AirBnB management services, but the coverage appears to be largely limited to places I'm not interested in; and I can't see anything about them managing bill payments etc.

I can't imagine it would be to hard for someone to pay the bills. I paid a lawyer about $100 to do it before. I didn't have to do anything beyond give him the money.

Many Real Estate offices have management services. In Boston, my landloard lived in NC and he just had the Realtor handle any mantenance requests. They do charge an extra management fee, but I think the REaltors just want the broker fees whenever they rent out a new lease. So its just a tool to keep the landlord as a customer.
02-28-2019 04:48 PM
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jbkunt2 Offline
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Post: #71
RE: Real Estate vs. Stock Trading
I have capital but don't have the time or desire to learn and research all the various institutions and outs of RE investing.

Is it easy to find someone reliable that will find a good property for you that's could get a solid rental return?
03-02-2019 12:42 AM
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JohnQPublic Offline
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Post: #72
RE: Real Estate vs. Stock Trading
(03-02-2019 12:42 AM)jbkunt2 Wrote:  Is it easy to find someone reliable that will find a good property for you that's could get a solid rental return?
That's a whole business called real estate sourcing. I think it's more developed in the UK than in the US and they might have a different term for it. Basically there are people that spend their time trying to find deals that give good ROI, distressed properties for sale below the market price, etc. They will give you access to these for a price. I think there are subscription based websites for this too.
(This post was last modified: 03-02-2019 02:11 PM by JohnQPublic.)
03-02-2019 02:10 PM
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