|
Post by westbranch on Jan 27, 2017 15:10:02 GMT -6
|
|
|
Post by MoBuckChaser on Jan 27, 2017 15:54:29 GMT -6
I am done putting anymore money in that damn Ira's and Sep's. I like and do better buying and selling or lately holding land!
|
|
|
Post by Foggy on Jan 27, 2017 17:13:09 GMT -6
I am done putting anymore money in that damn Ira's and Sep's. I like and do better buying and selling or lately holding land! I can get that approach. But you gotta have income producing land. i.e.: "You can't eat land". Over time I have become about as comfortable with financial assets as with holding the tangible product. For example if I own a REIT....it will provide income and will go up with inflation. But if I want a different investment.....I can sell it tomorow and not pay some huge selling costs and have to wait for my money. Also, when you get older into retirement.....you don't have to make day-to-day decisions or need to manage as you would with tangible holdings. Never say never. Your day will come. Grin. Still.....with any assets......you gotta buy 'em at the right time. "As they say.....buy when blood is running in the streets. " .......and when you sell.....there has to be the appearance of a little meat left on the bone for the other guy to want to buy it. i.e.: The greater fool theory.
|
|
|
Post by MoBuckChaser on Jan 28, 2017 4:33:13 GMT -6
All my land I buy is income producing Foggy. Some get sold at a higher price at some point in a flip. Some we have yearly income off of. I would say its been way better than the stock market guessing I have done.
"Blood is running in the streets!"
I had a banker once tell me, "John, you need to be walking when other people are running, and you dam sure better be running when other people are walking if you want to get ahead in life"
I lived by those words for 35 Years!
|
|
|
Post by Foggy on Jan 28, 2017 9:03:01 GMT -6
^ Yep.....I can see your contrarian bloodlines from here. lol. I was once told something similar: "When everyone else has cleared the room.....it's time to walk up to the bar and put your money down". Lots of analogies like this.....but few folks can follow that advice.
|
|
|
Post by mnfish on Jan 28, 2017 9:16:38 GMT -6
IMHO, I "stick to the knitting".... I evaluate a potential investment by Exposure, Upside, Outs, and weigh it against alternatives...no matter what investment vehicle I choose.
|
|
|
Post by Sandbur on Jan 29, 2017 6:40:11 GMT -6
I learned a few things from somewhere when buying land from private sources. It is something that might work with an older couple and buying a smaller piece of land.
Cash and I mean green stuff for the initial payment. Of course, this might not show as initial expense when you resell the property.
It's still being done in rural America.
I have heard all kinds of stories that are too complicated to figure out. Buy a herd bull at an inflated price, then buy land, throw in swapped land and a few dollars..... I just can't remember the source of these stories.
|
|