There are many of us wondering, with the way the economy is going, how can i safely invest what little money i have to spare?
What are your ideas? Short Term and Long Term. I understand that the higher the reward, the higher the risk. What ways can we safely invest today?
Senior agents- What would you do over if you were just starting your investment portfolio?
Give as much feedback, ideas, anything you can think of.
Thank You
Josh Murphy
Windermere Peninsula Properties.
Josh
Great question;
I would suggest consider what you want
Do your home work
Ask questions from people you trust
Get out and do the leg work
Warren Buffet Says
When every body is greedy-I get nervous
When every body is nervous-I get greedy
As an appraiser I've seen some great deals in high demand areas
Thanks again
Jeffrey
Easy starts are in college areas. These are smart investments as the kids are not going away. Usually these are tough markets to get into for a reasonable price, but the world has changed and this is a pretty safe bet. Just sold a condo to a friend that had sold for $133k 4 years ago for $40k 3 blocks from campus. Sure it is ugly, but it is $40 grand and he is getting $950/month for it. Pretty much a no brainer.
Do not buy in TODAY's market without a good cashflow as the market may still go down...........
Now is the time to start building a real estate portfolio. You're probably going to want to make sure anything you have will cash flow.
Josh, thanks for commenting on "Dual Agency or Devils agency". To answer you question, I'd invest in some rental property. Not right now, but I'd keep some cash on hand so that when you feel like it's bottomed out, I'd jump in. Here's why: First you can tell your clients that you walk the walk, not just talk the talk. Also, properties (at least in my area) as sooo beaten down that they almost automatically have a positive cash flow even with a modest down payment. As long as it's a positive cash flow, and your young, you should be fine even if it goes down again a little after you buy it. Good luck
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