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| investor |
 Posted: Tue Feb 08, 2005 3:46 pm Post subject: What would be the price of an Average home and ... |
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Investing Associate
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What do you think the Average price of an Independent home in big Cities like NY, LA etc.
How would be the construction market in big cities like above.
Whether to Invest? or not? or where to invest?
Any companies one would like to suggest.... |
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| AndrewZ |
| Posted: Tue Feb 08, 2005 5:54 pm Post subject: |
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Investing Associate
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| Invest in new small flourishing towns. A buddy of mine bought a couple properties in a small town in British Columbia, Canada... a very buetiful place, and the values have skyroketed. Hes up about 260k on each. |
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| ammo |
| Posted: Wed Feb 09, 2005 7:48 am Post subject: |
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Investing Sr. Associate
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| my friend did simliar, he brout several properties that were quite run down, did them up and it simply skyrocketed, not sure how much he made on each of the 5 but hes pretty loaded now, Do your homework buy in a very disirable area as cheap as you can, and you will get something out of it. |
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| dc1pop |
| Posted: Wed Feb 09, 2005 8:06 am Post subject: |
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Investing Associate
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i do agree with ammo's comments here. My dad also buys into property/real estate and rents it out to pay off the morgatge on the home which then leads you to the house.
This can be profitable if you buy houses on the cheaper side which need work doing to them as he has found. |
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| ammo |
| Posted: Wed Feb 09, 2005 8:31 am Post subject: |
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Investing Sr. Associate
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| yeah, if you buy a house, then do so additions to it, then after a few years its going to of shoot up with the way its all going at the moment. Just a matter of going for it, bit risky unless you have the money to throw around like that, could be a good chance tho. |
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| trixiezzz |
| Posted: Sat Feb 19, 2005 6:22 am Post subject: |
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Investing Manager
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| I've got a question. If something goes wrong and you're faced with foreclosure or a liability lawsuit or something, is your personal home/money at risk? Do you have some kind of separate insurance to protect your personal assets? |
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| chop456 |
| Posted: Sun Feb 20, 2005 6:55 am Post subject: |
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Investing Sr. Associate
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| A friend of mine bought a condo in Vegas about 8 years ago and just sold it for a $150,000 profit. |
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| paula0000 |
| Posted: Mon Feb 21, 2005 3:23 pm Post subject: re prices |
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Investing Manager
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| I am also in canda so I don't know the prices for the areas you are looking for. But I liked reading the other posters who mentioned purchasing re and then selling it later for a profit. Thats what our r.e. agent does and is loaded now. |
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| kimber |
| Posted: Tue Feb 22, 2005 7:50 am Post subject: |
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Investing Associate
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| Buying a house when the rates are lower and then selling it a later time can make alot of money if the market falls you can rent the house and then sell when the market goes up again I have seen alot of people make a ton of money that way. Although you do need some cash to start the ball rolling. |
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| mrsboz |
| Posted: Tue Feb 22, 2005 9:25 am Post subject: |
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Investing Sr. Associate
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| I know someone who bought a whole street of run down houses in a nice town and now he is worth a ton of money. The street has been neglected for about thirty years. Everyone told him he was crazy. The street is absolutely beautiful now and he is looking for more places to demolish and totally rebuild. |
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| wallace6 |
| Posted: Thu Mar 03, 2005 9:17 am Post subject: Buying Real Estate |
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Investing Sr. Associate
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| We have bought several houses and duplexes that needed some work done to them. We fixed them up and rented them. We have eventually sold several of them. We came out great on the sale and made money renting them. |
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| zerolikedis |
| Posted: Mon May 16, 2005 4:53 am Post subject: |
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Investing Manager
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| when you sell and make 100,000 dollar how does that affect or effect your yaxable income. what do peoople do to get a tax break on cap gains? |
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| Dave Rathbun |
| Posted: Mon May 16, 2005 5:28 am Post subject: |
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CFO
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You get an exclusion of $250,000 gain from sale of your primary residense. If you own a house for a minimum of two years, and you lived there, when you sell it gains to $250K ($500K if filing jointly) are tax free.  The kicker is that you have to live there, it can't be a rental property.
I'm not a tax accountant, but I believe that's the way the rule currently is. |
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| zerolikedis |
| Posted: Thu Jun 02, 2005 10:39 am Post subject: |
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Investing Manager
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| chahsiubow |
| Posted: Mon Jun 27, 2005 6:03 am Post subject: |
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Investing Sr. Associate
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| A friend of mine bought a condo in Brooklyn, NY for $150k 3-4 years ago. Now she's selling for almost $400k. I wish I could go back in time and do that. |
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