All Forum Posts by: Jerry Ricci

As far as "crashes" I would agree, once in a lifetime. I think you are talking about corrections though.

Keep your eyes on the T Bills....everything will follow that thermometer. Usually every 7-10 years you see corrections....much more noticeable in the sun belt, but really anywhere there is rampant speculation.  

Plus condos are the first hit by a market downturn...and the last to recover.

My concern with condos is two-fold. Difficult to view and homeowner's association problems i.e. condo fees high and associations going belly-up.

what is your best "Lonnie" book recommendation for mobile homes?

Thanks Charles,
Kinda new to this forum...are there groups here or are you suggesting some other areas online?

Thanks for the welcome Charles and Brian,

To answer your questions my current investment strategy is via lease/purchase and subject to. I did just pay cash for a house, but will quickly turn this to recoup investment funds. I plan on flipping some and holding some. I'm currently living just south of Erie, PA now.

Hi All,
Jerry from the shores of Lake Erie. Just wanted to introduce myself. I have done some "conventional" investing and am looking forward to a more creative approach. I currently have a great mentor...and he's young enough to be my son...karumba. In any event, the kid is brilliant and I can put my ego on the shelf for as long as he's willing to put up with me.

We actually make a great team as I'm throwing a whole bunch of deals into our partnership and he's teaching me how to put them together successfully. Each time I learn what I need to put different scenarios together. Ultimate Win-Win.

Looking to invest out-of-state (Sun-Belt) and any advice would be appreciated. Focused on lease/purchase and subject to investing right now.