Ferrari Mailing List: Re: OT - Investing? Selling? No Ferrari COntent

[Hans E. Hansen (FList]

Ed:

At today's prices, you might be driving 911SC now, but you'll be
in a Super Beetle in a few years if you buy now.  Just wait.
Prices will be a LOT cheaper......

Hans.  (who is scared to death of real estate, but heavily into
inverse ETFs and short index futures.)

On Thu, Nov 20, 2008 at 8:30 AM, E M <pokiebaron [at] gmail.com> wrote:
> Thanks for your good advise Robert.  I'm in the trade, so I can do, or know
> ppl "here" who can do pretty much everything.  I'm on the lookout for some
> places here, but I have always thought about a place a bit further south.
> I've even thought about a place in Florida, as a few friends have them.  Of
> course, due to distance, it would have to be a more managed property, and
> not require as much hands on from me.
>
> Again, thanks for your help Robert.
>
> Ed
> 911SC
>
> 2008/11/20 robert_h_bowser [at] juno.com <robert_h_bowser [at] juno.com>
>
>> General rules:
>>
>> 1.  If you can't afford negative cash-flow:  Property value no more than
>> 100 times monthly rent (i.e., don't pay more than $200K for a house you
>> can't rent for more than $2000 a month).
>>
>> 2.  If you need a tax deduction, and can afford negative cash-flow for 5 to
>> 10 years:  Pay up to 200 times monthly rent (i.e., $400K house renting for
>> $2000 a month).
>>
>> 3.  Rental properties are like children, they need constant attention and a
>> lifetime commitment.  Make sure you are really willing to do that.
>>
>> 4.  If you are not a handyman jack-of-all-trades, forget it at any price.
>>
>> Of course, your results may vary.
>>
>> Right now, prices are still too high in most areas to make renting out a
>> house pencil out.  I've been buying and renting out houses for 35 years now.
>> Can be lucrative, but not an easy road to riches.
>>
>> Bob
>>
>> -- "E M" <pokiebaron [at] gmail.com> wrote:
>> anyone have any thoughts on buying a rental property now.  Sounds like
>> there
>> are some deals to be had.  Or is the incoming gov going to make it harder
>> than it's worth for outside investors?
>>
>> Thanks for your thoughts.
>>
>> Ed
>>
>> 2008/11/20 LarryT <l02turner [at] comcast.net>
>>
>> > Howdy -
>> >
>> > I know this is not a financial list but perhaps some of you can provide
>> > some suggestions -
>> >
>> > My (very) small portfolio has been decimated over the past couple of
>> months
>> > - heading down faster than a (well the analogy I had in mind may not be
>> > appropriate) Fast anyway.    Should I leave it in the hopes it'll return
>> > eventually?  Sell what little is left?  Keep the good stuff (Mcd,
>> Dominion,
>> > some Mutual Funds?) or just dump everything and buy as much gold as I
>> can?
>> >
>> > BTW, I'm almost 59, disabled and can no longer work - what I need is a
>> > bailout of several million - maybe 5 or $6MM would do.  Course, all my
>> bills
>> > have been paid, never late - including my mortgage so I guess I'm SOL.
>> >
>> > Thx --
>> >
>> > Sincerely,
>> > Larry T  (74 911, 91 300D 2.5T)
>> > www.youroil.net Oil Analysis Kits &
>> > Porsche Posters/Weber parts
>> > .
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