Re: Stocks and investments
Hey buddies. There is a house down the street from me for sale for 89,000 dollars. I looked online and it's estimated value is 180,000. It's almost 100 years old and has 1.6 acres which is significant as it has a flat lit which a lot of people desire. It's only 1,000 square feet which is small for this area. My neighbor just built a 4,000 square foot home which is redicoulous but beautiful. Anyway, I know the house needs a new roof, it has a barn on the property which also needs a roof. At least I figure it does. I've seen the interior online and it has nice hardwood floors but may have plaster walls which no one wants these days. Perhaps they can be sealed and sheet rocked but that is a guess. Thing is it's been on the market for a year. Me and a friend were talking about flipping it but I've never done that before and if it's been on the market for a year there must be a reason why none of the professional flippers are touching it. I fear electrical and plumbing aren't up to code. Any whooo I'm not throwing numbers to impress, if anything it scares me but I always have been interested in flipping as I know people who who have done well doing this. Anyway, what u guys think, would this stuff scare you or might you go for it.
Re: Stocks and investments
I know next to nothing and his cousin regarding most real estate and flipping but you're basically at fifty percent to a loss and partner in tow there? Plus guaranteed structural repairs going in and leaky roof mean soggy floors or walls. Huge plus might be the acres if you don't plan on raising barn shit. I see battered barn needing a roof I see potential guest house or such. Maybe some pseudo cabin you can rent out to bearded man-children who cannot change a tire but love cabin life. If you have someone in the construction-contract business get em involved. Or ideally to invest ;D. Flipping seems like the ideal gig but also very hit or miss few guarantees.
Re: Stocks and investments
Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
Re: Stocks and investments
Walrus may turn it into his own private sexual torture chamber and bring his victims there in shackles, blindfolded, under cover of night.
Re: Stocks and investments
Quote:
Originally Posted by
Master
Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
Re: Stocks and investments
Speaking about investments, I am thinking about investing in real estate in Barcelona https://tranio.com/spain/analytics/w...ofitable_5335/. They say now is the time to buy property regardless unstable economy situation in Spain and general mess in Europe. I spent 2 years in Spain (2010-2012) and faced huge troubles with finding a flat, so may suppose, there is a high demand still. Thus a buy to let apartment in a city like Barcelona can potentially bring good yields. What do you guys think?
Re: Stocks and investments
Quote:
Originally Posted by
Nicolas
Speaking about investments, I am thinking about investing in real estate in Barcelona
https://tranio.com/spain/analytics/w...ofitable_5335/. They say now is the time to buy property regardless unstable economy situation in Spain and general mess in Europe. I spent 2 years in Spain (2010-2012) and faced huge troubles with finding a flat, so may suppose, there is a high demand still. Thus a buy to let apartment in a city like Barcelona can potentially bring good yields. What do you guys think?
Interesting. I take it you are in England. Who would tend to your tenants needs? I wouldn't know what to say to that one as I don't know anything about the process of buying in foreign lands but i think it's something you should definitely investigate
Re: Stocks and investments
yeah okay well if you want to talk about things Financial? You were lucky today that the FED didn't raise any race but they are chomping at the bit just wait until the next meeting in September or November they're definitely going to raise rates two more times this year. Then you will have no furniture
Re: Stocks and investments
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Master
Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @
Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
Good luck, you won't regret it! ;)
Re: Stocks and investments
Quote:
Originally Posted by
brocktonblockbust
yeah okay well if you want to talk about things Financial? You were lucky today that the FED didn't raise any race but they are chomping at the bit just wait until the next meeting in September or November they're definitely going to raise rates two more times this year. Then you will have no furniture
.25 won't do very much. Put a squeeze on the market for a few days. We are due for a correction anyway
Re: Stocks and investments
Quote:
Originally Posted by
Primo Carnera
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Master
Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @
Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
Good luck, you won't regret it! ;)
Regarding the place i was talking about I've been checking it out and I think it's
Just too much work needed. I like the idea but that is would be biting off more than I could chew
Re: Stocks and investments
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Primo Carnera
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Master
Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @
Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
Good luck, you won't regret it! ;)
Regarding the place i was talking about I've been checking it out and I think it's
Just too much work needed. I like the idea but that is would be biting off more than I could chew
Good that you weren't swayed and you were thinking with a clear. Sometimes things are for a reason.
You never know, the right one could come up. Good luck.👍
Re: Stocks and investments
Quote:
Originally Posted by
Primo Carnera
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Primo Carnera
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
Master
Go for it, if you got the determination and will to do it. Property is a better investment that shares in the long run.
Ya master I have buddy who is a licensed plumber and another fiend who is into construction. It's just if u make a mistake and miss something major after you bought it you are screwed. It really would be a nice first home for someone if we could make it nice without sinking more than say 20,000 to 25,000 into but again the fact it's been on the market for a year gives me pause. Flippers usually find those things quickly and I know so little it makes me nervous. I'm making an appointment this week to check it out. Anyone here ever do this flipping shit. I have a minimum amount of profit I would need to make in my mind to make this even worthwhile. @
Kirkland Laing you ever get into these types of things, I know you are ZOG so you are naturally good at making money though usually at the expense of others.
Basically, if you do your homework, think it through and make a pact with your partner/mate that you need to agree on everything and not fall out , you should be fine. The key is if you buy it, get organised, flip it as quick as possible. Time is money. 3 more things spring to mind:
1. As it's been on the market for a year, make sure you knock the price down even further ! You make your profit when you buy not when you sell!
2. It's possible the professional flippers aren't going for it because they want/need a bigger margin than you. Never be afraid to take a profit, even if it's a slightly smaller one.
3. Finish it neutrally but nicely. Don't get emotionally involved, you don't have to live there, so don't overspend on dressing the house!
Good luck, you won't regret it! ;)
Regarding the place i was talking about I've been checking it out and I think it's
Just too much work needed. I like the idea but that is would be biting off more than I could chew
Good that you weren't swayed and you were thinking with a clear. Sometimes things are for a reason.
You never know, the right one could come up. Good luck.👍
Thanks. TBH real estate kind of scares me. I like mutual funds and stocks but the way the market is hitting a new high everyday it is making me nervous. I really wish I didn't have to invest and try to grow money but I don't want to end up working until I'm 80
