All Forum Posts by: MIchael McCUe
MIchael McCUe has started 34 posts and replied 78 times.
Quote from @Jaycee Greene:
Quote from @MIchael McCUe:
Hello I've been saving up my money since I turned 19 and I'm now 30 and I've saved $120,000.00 and I'm wondering what I should do to proceed, my options are sell almost all of my stock portfolio and buy a rental house partnering up with both my brother ,this would be thier 3rd deal for the oldest and second deal for the middle child I'm the youngest so it would be my first deal mind this was what has been my plan since 16 and I've read tons of books on real-estate investing aswell, or a friend recommend I get a financial manager to stock invest for me, so I'm wondering should I sell all or most of my stocks for to get into real-estate also I'm reading a book called the intelligent investor so I could also just follow those rules and invest some in an index Berkshire Hathaway and the rest in rock solid companies that aren't going away like the book I read says, what should I do ?
Hey @MIchael McCUe! Congrats on saving up that much money from such a young age. Do you have a passion for real estate? If so, what part? There are tons of ways to be active in real estate...finding the properties, fixing the properties, managing the properties...this list goes on. But what is it that YOU have an interest in - I'd had for you to feel like you have to invest in real estate just because your brothers did. Also, where's the rental house located?
I do have a passion for real-estate and in terms of which typ I'm into more on the side of management of tenants and alot less of the renovation side of it, ill do the cleaning the drywall and painting myself doors and windows aswell and it would be a a buy and hold setup where i keep all the properties for as long as possible and have contractors do the rest my brothers on the other run a business that includez turning unfinished basments into fully legal suits to rent out so it might be more like that thiers very good with kitchens and bathrooms, window's and doors and all that sorts of stuff so I'll just be a hand to help them with what ever it Is. Also my dad dose muti family aswell he's got a 6 plex and he plans to buy more.
Hello I've been saving up my money since I turned 19 and I'm now 30 and I've saved $120,000.00 and I'm wondering what I should do to proceed, my options are sell almost all of my stock portfolio and buy a rental house partnering up with both my brother ,this would be thier 3rd deal for the oldest and second deal for the middle child I'm the youngest so it would be my first deal mind this was what has been my plan since 16 and I've read tons of books on real-estate investing aswell, or a friend recommend I get a financial manager to stock invest for me, so I'm wondering should I sell all or most of my stocks for to get into real-estate also I'm reading a book called the intelligent investor so I could also just follow those rules and invest some in an index Berkshire Hathaway and the rest in rock solid companies that aren't going away like the book I read says, what should I do ?
Quote from @Chris Seveney:
Quote from @MIchael McCUe:
Quote from @Chris Seveney:
Quote from @MIchael McCUe:
I wanna save up a down-payment, the market I'm in is very expensive so unless I move it's a bit difficult to get my down payment, I feel like a REIT might help me with that, I'm checking out Scott McGillivrays fund mainly.
There are thousands of funds to invest in, so doing the proper due diligence and finding the one that you like and fits your investment profile is key.
Thiers a fund call realty income it's publicly traded, the roI states a consistent 13% since 94 from the charts they give, what do you think should I it looks steady and I can sell it tomorrow seems like no risk with a good return.
looks like a good company - here is an article i found about them and others which was written recently
Realty Income Is Great, but This REIT's Earnings Could Grow 3x Faster in 2025
Do you recommend I do ?
Quote from @Chris Seveney:
Quote from @MIchael McCUe:
I wanna save up a down-payment, the market I'm in is very expensive so unless I move it's a bit difficult to get my down payment, I feel like a REIT might help me with that, I'm checking out Scott McGillivrays fund mainly.
There are thousands of funds to invest in, so doing the proper due diligence and finding the one that you like and fits your investment profile is key.
Thiers a fund call realty income it's publicly traded, the roI states a consistent 13% since 94 from the charts they give, what do you think should I it looks steady and I can sell it tomorrow seems like no risk with a good return.
Post: Scott McGillivray fund vs Cardone capital
- Posts 79
- Votes 13
Quote from @Nicholas L.:
how volatile can what be? i have a good amount in VNQ that I DCO'd into. it's very volatile. i don't know your whole situation and am not your financial advisor, so it's hard to be more specific. but i stand by my original statement - would i put savings into something volatile? no. what if it goes down 40% by the time you're ready to buy?
If I fail at buying and renting out property I might use it as a last resort hopefully not tho.
Post: Scott McGillivray fund vs Cardone capital
- Posts 79
- Votes 13
Quote from @Nicholas L.:
if you are saving up for a down payment i would not invest in something volatile, or illiquid
but let me know if i am missing something
It's gotta be mostly true anyway.... right ?
I wanna save up a down-payment, the market I'm in is very expensive so unless I move it's a bit difficult to get my down payment, I feel like a REIT might help me with that, I'm checking out Scott McGillivrays fund mainly.
Post: Scott McGillivray fund vs Cardone capital
- Posts 79
- Votes 13
Quote from @Nicholas L.:
if you are saving up for a down payment i would not invest in something volatile, or illiquid
but let me know if i am missing something
How about a REIT ?
Post: Scott McGillivray fund vs Cardone capital
- Posts 79
- Votes 13
I'm trying to save for a rental property and I feel like investing in a REET would be a great way to accumulate my down payment but I can't decide between Scott McGillivrays fund and grant cardone, I live in Barrie Ontario tell me what you guys think
Scott McGillivray is aiming for 20% return
Cardone capital is aiming for 10-15% ro