any program at all, web, books or course, or even seminars?
2006-09-01 19:32:55 · 8 answers · asked by TwoRedLove 2 in Business & Finance ➔ Renting & Real Estate
Keep in mind...........
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.brokerforyou.com
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://www.brokerforyou.com/blogger/index.html
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-09-04 04:02:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The best way to play real estate is to buy and hold. In the long run you will never loose money. Think of it as a side job and the house is working for you. You may need to look at a 5 - 10 year time frame.
2006-09-02 09:50:32 · answer #2 · answered by Matt J 3 · 0⤊ 0⤋
There are so many programs out there that "promise" that you will become a millionaire over night. What out for some of them... they are sleazy. For example, one program contacted me and wanted me to put $10,000 down on my credit card for 'their' education program. Hello, I could get my degree in real estate cheaper then that. I passed. Do your homework. What are you looking to do with real estate?
-Angela
Rat Race Club: http://www.ratraceclub.com
2006-09-02 18:03:28 · answer #3 · answered by Biancoa 4 · 0⤊ 0⤋
Surely someone has made a lot of money in the past few years. Can they do the same agian for the next few years? It is unlikely as housing market continues to slump.
I don't think one can sell short on housing market.
http://money.cnn.com/2006/08/24/news/economy/newhomes/index.htm
http://money.cnn.com/2006/08/23/news/economy/homesales/index.htm
2006-09-02 04:53:24 · answer #4 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
Okay, I haven't made any real money, but I got the Carleton Sheets course and I know some people who have made a lot of money doing exactly what he explains. I just haven't followed through myself. The people I know making money doing what he explains didn't learn from his course though. I'm not sure where they learned it from.
2006-09-02 02:37:33 · answer #5 · answered by Sonny 2 · 0⤊ 0⤋
If you get a real estate license, you'll know a good deal when you see one.
2006-09-02 03:52:15 · answer #6 · answered by ? 3 · 0⤊ 0⤋
Tried three and lost on all three. then the tax's get ya.
2006-09-02 02:36:59 · answer #7 · answered by Robert F 7 · 0⤊ 0⤋
yes me.124000 $
2006-09-02 02:38:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋