Discussion in 'Making Money' started by GreenGoblin, Jan 19, 2013.
anyone here actively investing in real estate?
I Do not think so Because everyone here for one reason, Make money Online
I'm investing in Online Estate
Not yet, but I'm planning to invest in gold. Real gold, not just the one on paper.
Don't know about you but investing in gold is very tricky. I got a few years of experience and the most important thing that I can tell you is that buying is not a problem, selling is a gamble and because of this you will hit empty months when you will not be able to make a profit, just buy buy buy and when you see the price going up.. you need to move fast and sell.
Although it is a 100% secure business, if you can't afford to stay put and not make any money for a couple of months you already lost.
Thanks for the tips bro, but I'm not planning to make money by trading gold, I just see it as the safest way to hold my riches, as money is losing value and I dont thrust banks
Real Estate is my next step, it's one of the most stable passive incomes out there.
Gold is valuable in any cases. Its nice investment, but you also need to k ow that gold value goes up because money lose value.
I'm in real estate, and have been for many years.
Yes, I believe gold will become much more valuable in the future
I invested in a Plot a month back. Bought it for $5k. By next year the price will increase to $10k as the area is developing. You can invest in both Gold and Real estate as its not risky at all. My plan to invest more into real estate next year and maybe flip lands later
I wouldnt exactly call it investing but i did buy a shitty apartment once, fixed it up and sold it for a clean â‚¬10.000 profit after all costs and taxations.
Gold bullion isn't an investment. It's a form of savings in an alternative currency.
You are 100% right. Land is the most stable income. In fact its also my next step as you said.. Planning to buy land near my own town with my past 2 month earnings.
I own a duplex a couple towns over that's giving me positive cash flow as well as capital gains. Pretty stable investment in the long run.
I'm working with a realtor to by my first property now. To those of you looking at gold, I think land will be a much more stable and valuable commodity in the future. If gold were such a sure thing, why are so many companies trying to sell it to you with such huge advertising budgets? One thing we all agree on: the US dollar is a poor way to keep your money.
To clarify, I plan on buying land as a way to store wealth, like my own personal bank, not as a means to a passive income. So I'm doing with land what most are doing with gold.
real estate is what actually got me started in IM. I made a few thousand from flipping land, made a little as a landlord but hated dealing with tenants. I made the mistake of not reinvesting into my business, and instead buying "toys" and ended up bankrupt. I'm hoping to get back into buying land to flip. That was some of the easiest money I have ever made.
Every freakin "multimillionaire" documentary I watch, the billioanire dude or woman always
says they are into Real Estate, haha. Time to fire up a Red Bull, light some candles and read:
The Foundations of Real Estate and5 Techniques To Get You Started :smoker:
Land is going to have higher % of elevation as compared to gold. Land is in any case a safer and stable investment than Gold. So if you have $$ I would suggest go with Gold.
If you build apartments for students, thats a sure win for passive income.
Separate names with a comma.