Re: is your boat paid off or on a loan ?
 

Mine is paid for, 10 yo, runs 84-85 mph, still looks good even if it is a Baja. Whenever I think of trading up I look in my checkbook and wonder where the payment would come from!

Re: is your boat paid off or on a loan ?
 

I owe, I owe, so off to work I go. But it is almost paid for.

Re: is your boat paid off or on a loan ?
 

Bottom line..Realestate for me. Forclosures, Bank repo's, unpaid taxes or buy tax liens and so on. So many things to do in this business, it also helps if you know or understand the business and the returns are always better than in a fund account. Jeff

Re: is your boat paid off or on a loan ?
 

yeap :D

Re: is your boat paid off or on a loan ?
 

Realestate at 20% is a minimum. Building spec homes the margin's are at a given 20%....minus the deductions. Land purchases depending on what the anticipated value is ...300k investment will earn you 1-1.5k return in 1-2 years. Condo development deals like that all around, thats how my partner and I structure them. Jeff

It help's being at the right place at the right time.

Re: is your boat paid off or on a loan ?
 

Bottom line.... I think everyone has learned (unfortunately from National Marine, and the likes thereof), that financing the purchase IS A MUST. What one does after that depends on each person's mind-set and financial options (and/or opinions :D ), whether to immediately pay-off or continue the finance option.

Joe

Re: is your boat paid off or on a loan ?
 

20% annualy on real estate in this market ? I want in
:eek:

Re: is your boat paid off or on a loan ?
 

Do you mean 1-1.5 points

Re: is your boat paid off or on a loan ?
 

I would be happy with the 15% conservative that was mentioned. Do tell how

Re: is your boat paid off or on a loan ?
 

No, I mean 1-1.5 million return for a 300k investment. We are located in the deep south, MS coast. Katrina hit us extremely hard, our complete coast from Bay St louis to lakeshore is under extreme development. Hi-rise, and some mid-rise condo's are where the $'s at. We have investors, from all over the world that my partner deals with. Also doctor's, lawyer's and so on, we form LLC Co's and sell land to these larger developers, which turn them into condo's. You get paid a certan amount off each unit. The FLorida market is so saturated, sale are somewhat slow, so developers are moving West. MS also has gaming to offer along with the water, so it's a double edged sword. Also now the gaming has been approved so it doesnt have to be on the water, so everything is across the street, leaving open miles of undisturbed beachs for our tourism. We are also working on a first class marina, which means PR's for all involved, but thats down the road. This area will be a beautiful place in years to come. :cool: Jeff