Would love to hear what some of you are doing with your cash pile to make money
#41
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Insurance hurts but property taxes aren't going away either! I know a 35 year old guy that just built his dream home......tax bill 140K a year! Figure taxes, insurance, utilites, service people......that house is going to cost him 250K a year forever plus any mortgage expenses!
I would love to own a storage facility.......get it full of people's stuff that they can't part with and collect the $100-200 a month forever!
I would love to own a storage facility.......get it full of people's stuff that they can't part with and collect the $100-200 a month forever!
Storage is the best Gig out there. My dad and I have been looking at land to turn into covered storage lately.
From what we have found it was hard to see any real immediate worthwhile return for gambling a million or 2, on land or foreclosed developed properties at this time
.If you had land you developed years ago and have the indoor units filled with peoples chit they cant part with you are making a killing.
My dad owned strip malls for years, he got rid of all of them but one,
It is still a pain in the ass though it is on prime real estate and a great location and is paid for He is getting about 2/3rds of the square foot charge he was getting 8 years ago, and that is after giving it a decent facelift 5 years ago when things got real ugly.
Meanwhile the taxes and insurance have doubled and that is hard to pass along to your long term tenants as a cam charge in this competitive market we are in these days.
In fact 5 years ago When tenants were hem hawing on resigning leases we did away with ups and lowered their rent to keep them.
Tell you a funny story about investments . Swiss people i worked for for manyyears were very wealthy but during the building boom the family commercial construction company became sought after by investors in the early 2000s.
I remember overhearing them talking about how to disperse the money among investments to keep it safe .Were talking a billion and some change .
Being he was a corporate attorney for many years with Hwewiitt Packard when he was young and owned stock I believe many more of his new found wealth found its way there.
Than being Swiss he was invested heavily in UBS
Needless to say shortly after investing he took quite a hit. We never talked figures but he was not happy.
One thing you do not do with a Swiss person is get between them and their money.
They still have more money than God and really don't live any differently than they did before the money.
But their lifestyle taint to shabby.
Last edited by tommymonza; 09-26-2015 at 12:48 AM.
#42
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Had a friend Charlie that was doing the same thing with executive jets. Of course timing is everything and one does not want to get caught when the economy turns down and be stuck with a couple of jets or helicopters. Same for for speculators when real estate crashes.
Bob
Bob
Last edited by NORTECH-ANGLER; 09-25-2015 at 07:38 PM.
#44
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Great feed back guys. I do agree with real estate and land. But, I would think there is still a better shorter term higher cap that could be achieved rather than appreciation of land or rental property. What I like about trailer parks is that its consistent income that offers very affordable housing for all types of people. I am a firm believer that NOT all trailer parks are created equal. As the economy gets worse the demand will be stronger for cheaper housing. If, the economy goes up then I would also think the lot rents would increase with inflation rates. Self storage units are great but the cap rates seem to be much lower than just a few years ago. Maybe because more people are looking at them which in turn drive the price higher..
Would love a small marina but damn the real estate and insurance is so high they seem to make very little money for the investment. Cash is king and maybe I should just continue expanding in my existing franchise and hire a few more good managers.???
I am sure there still some great thoughts out there. It's funny to hear from most of these comments that people are a lot like me with the stock market. It just seems like its no longer worthy for the small guys to use it for more than just retirement with tax benefits. Hedge fund managers and large traders always have the inside info that gets much better returns for investors that have millions invested with them. A guy like me will always be last in line. Thanks for some great insight and thought from all.
Would love a small marina but damn the real estate and insurance is so high they seem to make very little money for the investment. Cash is king and maybe I should just continue expanding in my existing franchise and hire a few more good managers.???
I am sure there still some great thoughts out there. It's funny to hear from most of these comments that people are a lot like me with the stock market. It just seems like its no longer worthy for the small guys to use it for more than just retirement with tax benefits. Hedge fund managers and large traders always have the inside info that gets much better returns for investors that have millions invested with them. A guy like me will always be last in line. Thanks for some great insight and thought from all.
#45
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Had a friend Charlie that was doing the same thing with executive jets. Of course timing is everything and one does not want to get caught when the economy turns down and be stuck with a couple of jets or helicopters. Same for for speculators when real estate crashes.
Bob
Bob
#46
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Great feed back guys. I do agree with real estate and land. But, I would think there is still a better shorter term higher cap that could be achieved rather than appreciation of land or rental property. What I like about trailer parks is that its consistent income that offers very affordable housing for all types of people. I am a firm believer that NOT all trailer parks are created equal. As the economy gets worse the demand will be stronger for cheaper housing. If, the economy goes up then I would also think the lot rents would increase with inflation rates. Self storage units are great but the cap rates seem to be much lower than just a few years ago. Maybe because more people are looking at them which in turn drive the price higher..
Would love a small marina but damn the real estate and insurance is so high they seem to make very little money for the investment. Cash is king and maybe I should just continue expanding in my existing franchise and hire a few more good managers.???
I am sure there still some great thoughts out there. It's funny to hear from most of these comments that people are a lot like me with the stock market. It just seems like its no longer worthy for the small guys to use it for more than just retirement with tax benefits. Hedge fund managers and large traders always have the inside info that gets much better returns for investors that have millions invested with them. A guy like me will always be last in line. Thanks for some great insight and thought from all.
Would love a small marina but damn the real estate and insurance is so high they seem to make very little money for the investment. Cash is king and maybe I should just continue expanding in my existing franchise and hire a few more good managers.???
I am sure there still some great thoughts out there. It's funny to hear from most of these comments that people are a lot like me with the stock market. It just seems like its no longer worthy for the small guys to use it for more than just retirement with tax benefits. Hedge fund managers and large traders always have the inside info that gets much better returns for investors that have millions invested with them. A guy like me will always be last in line. Thanks for some great insight and thought from all.
#49
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Never has there been a better time to buy Silver.
That is the commercials that played over and over for days as my dad and I watched Silver plunge after he had been in heavy heavy. I laughed my ass off for 2 weeks as he told me it would come right back and double.
My dad has lost 20 times the money in the market the last 10 years than he ever made in his lifetime of profiting in it the last 70 years.
I keep telling him to quit gambling away all my inheritance so that some is left over for me to Blow.
Him and I have the same conversation once a month that if you had a million where would you put it . I have 5 bucks he has several million.
I used to say Swiss Francs and Storage. Now days I say Booze Boats and Hookers.
Turn on your TV and on any given night tune into Scumbags , Scoundrels and Screwyou and than question if you really want to give any of your hard earned money to somebody who says they will earn you more than anyone else on your investment.
Any investment I made today i would want to be able to touch and feel it and have utter control over selling it.
https://www.youtube.com/watch?v=auSfaavHDXQ
That is the commercials that played over and over for days as my dad and I watched Silver plunge after he had been in heavy heavy. I laughed my ass off for 2 weeks as he told me it would come right back and double.
My dad has lost 20 times the money in the market the last 10 years than he ever made in his lifetime of profiting in it the last 70 years.
I keep telling him to quit gambling away all my inheritance so that some is left over for me to Blow.
Him and I have the same conversation once a month that if you had a million where would you put it . I have 5 bucks he has several million.
I used to say Swiss Francs and Storage. Now days I say Booze Boats and Hookers.
Turn on your TV and on any given night tune into Scumbags , Scoundrels and Screwyou and than question if you really want to give any of your hard earned money to somebody who says they will earn you more than anyone else on your investment.
Any investment I made today i would want to be able to touch and feel it and have utter control over selling it.
https://www.youtube.com/watch?v=auSfaavHDXQ
Last edited by tommymonza; 09-26-2015 at 12:42 AM.
#50
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Great feed back guys. I do agree with real estate and land. But, I would think there is still a better shorter term higher cap that could be achieved rather than appreciation of land or rental property. What I like about trailer parks is that its consistent income that offers very affordable housing for all types of people. I am a firm believer that NOT all trailer parks are created equal. As the economy gets worse the demand will be stronger for cheaper housing. If, the economy goes up then I would also think the lot rents would increase with inflation rates. Self storage units are great but the cap rates seem to be much lower than just a few years ago. Maybe because more people are looking at them which in turn drive the price higher..
Would love a small marina but damn the real estate and insurance is so high they seem to make very little money for the investment. Cash is king and maybe I should just continue expanding in my existing franchise and hire a few more good managers.???
I am sure there still some great thoughts out there. It's funny to hear from most of these comments that people are a lot like me with the stock market. It just seems like its no longer worthy for the small guys to use it for more than just retirement with tax benefits. Hedge fund managers and large traders always have the inside info that gets much better returns for investors that have millions invested with them. A guy like me will always be last in line. Thanks for some great insight and thought from all.
Would love a small marina but damn the real estate and insurance is so high they seem to make very little money for the investment. Cash is king and maybe I should just continue expanding in my existing franchise and hire a few more good managers.???
I am sure there still some great thoughts out there. It's funny to hear from most of these comments that people are a lot like me with the stock market. It just seems like its no longer worthy for the small guys to use it for more than just retirement with tax benefits. Hedge fund managers and large traders always have the inside info that gets much better returns for investors that have millions invested with them. A guy like me will always be last in line. Thanks for some great insight and thought from all.
There is a marina that just went up for sale this week on the Ohio River just east of Cincy on the ky side. 1.5 mil with 460 wet slips. It use to be a nice place but has had its issues since the crash.