RE Investing - Not a good option right now

Columbus, Ohio
General Real Estate Investing
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RE Investing - Not a good option right now

Mike K.
Member since 2024 · 85 posts · 106 votes

After looking at the opportunities available in RE investing and analyzing the risks and rewards I decided that there are better options available to build wealth.  It pains me to say this since I have been an appraiser for a long time.  In my 10 year time horizon until I retire I believe I can build more wealth as a small business owner and have decided to purchase a business.  I would like to personally thank everyone for sharing your experience and advice. Best of luck to you all.

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Kevin Sobilo
Realtor · Hanover Twp, PA · Member since 2018 · 3k+ posts · 3k+ votes
2y

@Mike K. I hope that works out for you.

IMO opinion, its ALWAYS a good time to invest in real estate.

However, depending on the economic climate deals might look differently. The kind of deal that was easy to find pre-covid might not exist right now, BUT a different kind of deal might be ripe for the picking.

There are SOOOO many ways to invest in real estate that its hard to ever say with authority that "now isn't a good time to invest".

Good Luck!

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  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y

    Has anyone uncovered what this amazing online biz is that generates 1k per week doing little to nothing ? 

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y

    I just closed on a 3 br for ALL IN 75k, that will generate about 14k NET income (about 18k gross )  per year with a value of 125k, So IF I sell it, I can make about 45kish, do that only 5 times in a year that's 200k, x 10 years is 2 mill. Sure, I will have to get involved from time to time, but heck I will take it

    All the best 

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Mike K.:
    Quote from @Charles Granja:

    It's definitely tough out there right now! Best of luck.


     I'm gonna make some money with a local or web business and wait until we get some blood in the water in the housing market. It's coming and there will be good investment opportunities.


     there out there now, just need to know how to find them :) 

    0Reply
  • Paul Azad
    Member since 2024 · 162 posts · 232 votes
    2y
    Quote from @Nate Marshall:

    It is never a bad time to invest in real estate. The issue is with people that don't have the ability to analyze, structure and underwrite opportunities so they close on time and become successful acquisitions! 


    Never a Bad Time? Hold on, I have 2021/2022 on the phone for you, they're asking if you are interested in a 100 unit 1960's Vintage Multi-Fam property called "The UnderWater" at a 3.5% Cap rate....Wait, Blackrock just said "Hold my Beer" and offered all cash at a 3Cap, something about subway tile Backsplash should double NOI in 3 months.

    perhaps modify "It is never a bad time to invest in real estate." to "at a good price". :) jus playin'

    1Reply
  • Brian S.
    Member since 2024 · 8 posts · 2 votes
    2y

    This is like going onto a Motley Fool’s forum and saying that the stock market is trash. Haha


    I just bought a decent duplex that after repairs will get me over 1%. It is a low B or high C. It may not be as easy but it can still be done, you just have to work for it now. 

    0Reply
  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Account Closed:

    I was convinced to invest here by a friend I met on Biggerpocket, Her name was Annie ( now I know she could be anyone else). At first everything was going on well until I requested for withdrawal, that’s when the nightmare started… I had to put in more money before I could withdraw. Then came the unending taxes; I was fined and taxed for various reasons. There was always a reason why I couldn’t take out my money. I was tired of everything and began looking for help. Since all the payments I made were through cryptocurrencies and some transfer via zelle, my local police could not help me. Luckily I finally got help from the authorities. Wonderfully, after providing my details, it took them barely a week to trace and retrieve my funds. Get help from them if you are in a similar.


     WTH are you talking about, 

    2Reply
  • Nate Marshall
    Real Estate Consultant · Evergreen, CO · Member since 2018 · 1k+ posts · 738 votes
    2y
    Quote from @Paul Azad:
    Quote from @Nate Marshall:

    It is never a bad time to invest in real estate. The issue is with people that don't have the ability to analyze, structure and underwrite opportunities so they close on time and become successful acquisitions! 


    Never a Bad Time? Hold on, I have 2021/2022 on the phone for you, they're asking if you are interested in a 100 unit 1960's Vintage Multi-Fam property called "The UnderWater" at a 3.5% Cap rate....Wait, Blackrock just said "Hold my Beer" and offered all cash at a 3Cap, something about subway tile Backsplash should double NOI in 3 months.

    perhaps modify "It is never a bad time to invest in real estate." to "at a good price". :) jus playin'


     It is all based on an individuals ability to invest in real estate in a ethical manner. But generally there is never a bad time. There are better times like right after 2008 when you could buy up whole blocks for pennies on the dollar. 

    2Reply
  • Account Closed
    Realtor · Cleveland, OH · Member since 2023 · 340 posts · 215 votes
    2y

    Hi, people are doing well in Ohio's market and real estate it is the way to go it definitely will pay off it may take some time but, overall, you cannot go wrong with investing in real estate. Best wishes and good luck!

    0Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    2y
    Quote from @Lisa Rechsteiner:
    Quote from @John Morgan:

    It's not easy now but I'm still finding deals. I've bought 10 SFR buy n holds in the last 12 month that cash flow ok. I'm more of a dollar cost average investor and have bought on average 2 houses a year for the past 9 years. But I've found some of my best deals in the last 4 or 5 months so I jumped on them. I look 5-10 years in the future to see if I think my investments will be good so I'm ok only making $200-$500/month when I first buy properties. And many investors have paused their buying so I'm seeing less competition and able to make low ball offers to secure these homes.

    Where are you finding these deals, John. We are in TN. I’ve heard a lot of positive things about Columbus OH

     look at land and ground up not existing. you can get better locations. don't let the columbus biggerpockets agents put you into south linden or hilltop when you can get closer to downtown and better markets like Franklinton, near east, southern orchards, etc 

    [email protected]786-494-6766
    Section 8 Launch52 Reviews
    WebsiteView Page
    0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    2y
    Quote from @Mike K.:

    After looking at the opportunities available in RE investing and analyzing the risks and rewards I decided that there are better options available to build wealth.  It pains me to say this since I have been an appraiser for a long time.  In my 10 year time horizon until I retire I believe I can build more wealth as a small business owner and have decided to purchase a business.  I would like to personally thank everyone for sharing your experience and advice. Best of luck to you all.

    Hi Mike, I would have to disagree with you on your viewpoint. With real estate you get cash flow, appreciation, principal paydown, and depreciation. What other investment asset provides you those sort of returns? Not stocks, crypto, etc. Happy to connect and answer any questions you have about real estate investing!

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9121 Reviews
    WebsiteView Page
    0Reply
  • Mike K.
    OP
    Member since 2024 · 85 posts · 106 votes
    1y

    Hope everyone is doing well with there RE investments.  I wanted to follow up with some real income numbers from my blog website. These are the payments to me from the Mediavine Ad network that runs ads on my blog website.  I spend 5 minutes a day on this business.

    0Reply
  • Corby GoadeBusiness Member
    Investor · Boise, ID · Member since 2014 · 3k+ posts · 3k+ votes
    1y

    Real estate is almost always the best option. If you are in it for the long haul, just looking at cash flow and appreciation is short sighted. There are SO many more benefits, especially as your income goes up and the process becomes more and more passive. It gets better as time goes on and the cash flow is the least profitable piece of the puzzle. 

    That's okay though, more for the rest of us!

    0Reply
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