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People always come to TA with important decisions. now its my turn... (pg. 3)
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| diggerz |
no, you buy property...now that prices are down, and instead of selling it, you rent it out and by doing this you'll get money on a monthly basis.
or, if you have money, you buy an apartment complex and rent out each apartment for twice its price. i recommend student housing, greatest rip off in history. |
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| lücid |
| quote: | Originally posted by diggerz
no, you buy property...now that prices are down, and instead of selling it, you rent it out and by doing this you'll get money on a monthly basis.
or, if you have money, you buy an apartment complex and rent out each apartment for twice its price. i recommend student housing, greatest rip off in history. |
i always wonder if the hassle is really worth it... i mean if you're charging decent prices to rent your house out to a bunch of drunk college kids, does it cover the inconvenience of dealing with late rent checks, trashed house, broken appliances, noise complaints, etc?
granted they are bound to agree to their half of the lease, but what if they don't and you have to evict them and take it to court to see any of your money? it just seems like a chance not necessarily worth taking. |
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| flavdave |
| I agree with staying away from the cartoon characters. Think of the memorable and iconic marks used by successful companies and very few are cartoon characters outside of kids' cereal brands. I realize you're not trying to build an IBM or Coca-Cola sized business that will last for decades, but I think more people will take your idea seriously if you go another route. Otherwise they might think you're a sketchy used-car salesman. |
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| diggerz |
| but people like brands and icons. it creates brand equity in the long run... |
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| Vivid Boy |
| quote: | Originally posted by diggerz
no, you buy property...now that prices are down, and instead of selling it, you rent it out and by doing this you'll get money on a monthly basis.
or, if you have money, you buy an apartment complex and rent out each apartment for twice its price. i recommend student housing, greatest rip off in history. |
Well dude the problem is in ONtario if you are a landlord the aws make it that you are a criminal. Honestly, I hear horror stories everyday abt tennants not paying rent and legally being able to stay in the for 2 years rents free. I have picked houses off of many ppl like this.
Its all about rent to owns and quick flips (and by flips i dont mean what you see on tv)
you need to be creative in real estate. If you are a creative person you can make alot of money. from severing lots too building triplexes. the key to real estate is information and using the information in a creative way.
Heres also the problem with being a landlord. You buy a house for $125 000 (this is out of the city of course) you have to put 25% down, so now you are 30 grand out of your pocket. You put a renter in and lets say after expenses you break even. so now you have 30 grand investing and you have to wait 15 years to get your money back. Lets say you refinance every 5 years and take out equity, so you take out 20 grand every 5 years......thats in peanuts. you're ROI is .
You might as wel sink your money in a GIC and have less headaches. |
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| Vivid Boy |
| quote: | Originally posted by Agent0
what makes you think people wont start ing around and give you false information just to make you bust your ass for nothing
i would :p |
Easy I pick up the phone I say hello my name is bla bla bla im calling to se eif your looking to sell..no??? ok bye
NEXT
plus im gearing my marketing towards a certain type of ppl. notocllege kids |
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| BobDobalina |
| quote: | | If you are a creative person you can make alot of money |
You should try another line of work. I see you've been posting since 2001 and clearly havent accomplished much damn coke fiend.
Iconic characters LOL! This idiot comes up with some half-ass idea and people want advise to come up with "iconic" marketing "marks" |
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| Vivid Boy |
| quote: | Originally posted by BobDobalina
You should try another line of work. I see you've been posting since 2001 and clearly havent accomplished much damn coke fiend.
Iconic characters LOL! This idiot comes up with some half-ass idea and people want advise to come up with "iconic" marketing "marks" |
so i take it you're assuming that because I post on an internet forum my life must be ed up, upside down and I am addicted to cocaine.
so let's see you registered dec 2008. So with that logic, I take it you just hit the lowest point in your life right now, and you came to an internet forum either to escape the hell that is your life or looking for answers.
who is the true retard? |
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| zoogla |
| worst time in our lives to have this business. |
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| Vivid Boy |
| quote: | Originally posted by fayraree
worst time in our lives to have this business. |
lol bro trust me its not. its the best time. I dont work in toronto bro. toronto. Toronto is where i live i dont work here. I am actually putting a deal together for my mom and my dad in toronto. house prices dropped so low that we're picking up at amazing prices. We're buying a home which would probably sell for 500 000 last year for 280 000 this year. haha and im trying to get the bank to go lower
When the world freezes thats when you make mony buddy, u dont buy real estate when everyone else is buying.
right now is the perfect storm for investors. cheap prices, super low rates, people can't afford their homes....its beautiful! |
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| zoogla |
the problem this time around my friend is the credit crunch. people don't have access to credit to buy cars, let alone homes. your parents' case might be a good one, (hope everything works out for them! :)) but whoever's buying their existing house (if that's the case) their loan might not go through; there are so many factors in today's economy that slow down today's real estate market.
i have several contacts (brokers) in the field that i have a referral relationship with and they're telling me it sucks, and these are people who have been in the industry for 30+ years. they're probably not as risky as you are (as you mentioned, you're looking for creative ways vs. my contacts who are more conservative in their approach) so maybe you can get lucky.
definitely good deals out there but it's also all about the loan market when it comes to real estate unless you have a horse shoe up your ass and all your clients have long-term cash that don't mind locking their investment in for 10 years. |
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| Vivid Boy |
HA dude you're talking conventional real estate investing. I deal with people that use cash money and know hwat they are doing.
I dont deal with mr and mrs smith down the street looking to add to their portfolio and looking for security because retirement is around the corner.
I deal with true real estate investors that do this daily for a living. That buy apartment buildings, That buy houses and do quick flips, or bulldoze and resell. I watch these guys make money all day in this market. I service these type of people. And what do they say about this market??? its a perfect storm for them. Believe it or not no matter what the news says, if a house is priced right it still flies. |
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