Property Investment

[amins]

New set of Nor-Cal (Northern California) Investment Properties just arrived on my desk this monring from my sister.

PM if you are interested: Please have your requirements set, its a list over 1000.

[amins]

Heading down to NorCal on Tuesday. Might be the last time I'm going down this year for property investment, kids due in Sept., but I should get another set of property listings in the fall.

[Vanraw]

For me, I wouldn't touch a west or north east coast property with a 1000 mile pole right now.

There a good reason the banks are still hording money. Because property values are still at levels way below outstanding debt on those properties.

Personally I think the banks and everyone else thinks some magic pill is going to make that 800 k 2 bedroom ranch that is now worth 150k pop back up to 800k.

God help us if the government pops into that one.

[amins]

Ok.

:mrgreen:

There is a difference between buying an Asset and buying a Liability: one produces cash flow. Figuring out where you sit in the market and understanding how many assest you need to meet your expenses is the true meaning of wealth: Its not how much money your job pays, but how long you can survive w/o that job.

I don't work for an income, i let my assests do that for me.

[amins]

I think I missed your point Van, as you did with mine.

I assumed those people investing wouldn't be looking for financing for that investment.

I'd rather have 100k in 2 rental properties earning $800 a month each, rather than in a retirement portfolio that's based on the 'buy & hold', long term investment style that most portfoilo/fund managers implement (not talking IPO's, fixed income, or cd's, etc).

Sorry for the confusion!

[Vanraw]

Yea I agree with you.

I was just stating the realestate in that part of the country scares me.