Quote: (11-26-2018 04:10 AM)Australia Sucks Wrote:
Off the Reservation, not that I am a real estate expert or anything (although I do own some rental properties), but I am not convinced your idea is a sound one. In a developed economy like Australia or U.S.A. buying an apartment complex or office building (even a small one) for $300,000 U.S. dollars would be well below the replacement/construction value of the building (not even considering the land value). During a global financial crises/recession when real estate markets are depressed it might be a viable idea. But at this point in the real estate cycle you will likely be looking at dogs with some pretty serious fleas on them. If you find such a property with such a price tag most likely it will either be a dilapidated building which needs serious repair/renovation, a declining/dying town, a place with crippling property/land taxes, a place with horrible tenants, etc. Such a strategy may work for an experienced and professional/semi-professional real estate investor but it is unlikely to be a good strategy for a real estate novice. It would be like a stock market novice trying to invest in junior mining stocks.
I wasn't writing to you, Investment Troll. There are millions of commercial buildings in the US, and many markets and many situations.
Your broad generalizations and down talking to the readers (fleas / dogs / etc) is just more of your whining. Your post does not amount to more than a tiny wasted server space. Let the 1s and 0s be in peace ready and waiting for an actual response pls - A sound idea!
Should the OP or someone else be interested it could be a valuable conversation. Everyone knows there are horror stories possible and no one is suggesting that type of investment nor do we need your dismissal of the idea all the way from Sydney, a dismissal formed from regurgitating financial talking heads.
The only thing that sucks is your attitude.
Add this post as Blame the Market:
Quote: (10-26-2017 08:30 PM)Off The Reservation Wrote:
....
The rules of game repudiation / game envy:
Blame the city.
Blame the country (your username.)
Blame the circumstances.
But never, ever blame or work on your self.