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Thread: Investing..

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    Elliot's Avatar
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    Investing..

    I was wondering... since this site is filled but finacially savy people.. i have about 10-15k to invest for about a 12-18 month period. I don't want to take the chance of buying stock which has the slightest oppourtunity to go down since im playing with my college money... im looking for any sort of growth in that time span..

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    Sun Microsystems. They are concocting a new type of Java Script. Supposed to be pretty beneficial.

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    Xmsr I bought this a 6.00
    Best Buy this stock will always do well, long term
    Ericy I bought this at 5.00 long term

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    Look Into A Short Term Cd But I Am Not Sure That They Come In That Short A Term. Banks Also Offer Accounts Like High Dollar Savings Accounts That Have Higher Interest Rates. Other Than That I Am Not Sure It Is Tough To Make Money In That Short Amount Of Time Unless You Go Stocks But Them You Can Always Lose Too.

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    cd's offer about 2% for 2 years.. thats really nothing.. im a make like 200$ in 2 years..? either way guys thenx but i feel that stocks are too risky..

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    siri...........sirius sattlelite radio,i bought this at $1.70 a share

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    Quote Originally Posted by jbol
    siri...........sirius sattlelite radio,i bought this at $1.70 a share
    I bought it at 1.19

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    Quote Originally Posted by Elliot

    it will still be a good long term stock.....but if you want to play it safe look up acas american capitol stratigies= big dividend yield,i believe their yeild is around 8.5% right now,they have never cut thier dividend and have only increased it.
    Last edited by jbol; 02-10-2004 at 01:48 PM.

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    Quote Originally Posted by mass junkie
    I bought it at 1.19

    see, mass knows itll be a good stock.

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    REAL ESTATE dont even waste your time or money in stocks, take 10k of that loot you got and put it down on a rental property, anyone who wastes there time in stocks just doesnt want to make the real money, and the real money is in real estate. youll get better tax advantages at the end of the year. if you loose money in stocks you cant claim it as a loss, but if you make any you have to pay tax on it. buy a property, you can write off the mortgage, which your renters will be paying anyway, you can claim depressiation on the property itself at tax time. youll end up making a hell of alot more money in real estate then stocks. i for one will never play the stocks game again. not worth my time to tell ya the truth
    Last edited by jcstomper; 02-10-2004 at 12:15 PM.

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    I am looking into some mutual funds. I am not sure what that would be like in the short term, but the avg yeild is higher than almost any other investment type. And there is safety in diversity.

    I know there are some brokers on here - where are you guys?

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    Quote Originally Posted by jcstomper
    REAL ESTATE dont even waste your time or money in stocks, take 10k of that loot you got and put it down on a rental property, anyone who wastes there time in stocks just doesnt want to make the real money, and the real money is in real estate. youll get better tax advantages at the end of the year. if you loose money in stocks you cant claim it as a loss, but if you make any you have to pay tax on it. buy a property, you can write off the mortgage, which your renters will be paying anyway, you can claim depressiation on the property itself at tax time. youll end up making a hell of alot more money in real estate then stocks. i for one will never play the stocks game again. not worth my time to tell ya the truth

    wrong,you can claim losses on stocks...and id like to see the property you get for 10k.....

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    PM Da Bull........


    Although the market is over bought...... he should have some suggestions..

    as for real estate... it is good......... but you don't want to tie up your money that long.. (you said 12-18 months.)

    And it depends on the risk and interest you want to get on your money.....

    good luck..........
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    Quote Originally Posted by jbol
    wrong,you can claim losses on stocks...and id like to see the property you get for 10k.....
    Actually he is right.........Real Estate is def the way to go.....I think he meant to put the 10gs down on the house...and just mark up the rent a bit...

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    Quote Originally Posted by mass junkie
    Actually he is right.........Real Estate is def the way to go.....I think he meant to put the 10gs down on the house...and just mark up the rent a bit...
    like spy says,that ties up your money for a long time.
    Last edited by jbol; 02-10-2004 at 12:43 PM.

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    Quote Originally Posted by mass junkie
    Actually he is right.........Real Estate is def the way to go.....I think he meant to put the 10gs down on the house...and just mark up the rent a bit...
    If this is school money, you won't need all of it at one time either. If you have real property you can also borrow towards it, like when tuition comes around and continue to pay just the mortgage off of the rent you are collecting. Just a thought. Real Estate is definitely a good way to go if you can do it!!

    peace,

    ttgb

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    Which real estate companies are thriving right now?

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    Ok.........lets go through a typical creative manner in which to purchase property...

    all conforming issues
    1... you have 3% as a down payment... you will pay a premium in in interest... lets assume 7% interest.... but it is tax deductable.. as is all closing cost in the year you make the purchase.. however since you will not be able to "Homestead" the property, your annual property tax is higher, thus higher cost of ownership..

    As i write this.. i have decided to cut to the chase.. lets assume you break even with the mortgage, and cost of everything to operate the property..

    thus you are working with the appreciation of the property.. 12-18 months which is the time you want to tie up your money... in my part of Minnesota.. i am enjoying 8% increase in property values.. sustained over the past 8 years......

    You would have to find a property that is suitable.. but lets assume you are able to do that..

    And you are able to keep the property occupied, with no losses.. like a water heater (this can be taken care of with a warrenty from the utilities company), roof, etc.....


    I could go on and on.......... what it comes down to is it takes time for real property to be of value in obtaining money on an investment..

    If you had invested $10,000 in United airlines 1 year ago.. you would have $50,000 today............. in the stock market..........

    That's why i said ask DaBull........

    Good luck..........

    If you want real property.. buy a duplex.. live in 1 side, and rent out the other........ wait 5 years, and sell it yourself, after you get your real estate license... cause that is 6-7% of the cost to sell property also..........




    Quote Originally Posted by tryingto******
    If this is school money, you won't need all of it at one time either. If you have real property you can also borrow towards it, like when tuition comes around and continue to pay just the mortgage off of the rent you are collecting. Just a thought. Real Estate is definitely a good way to go if you can do it!!

    peace,

    ttgb
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  20. #20
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    Put it in a cd or a solid dividend paying stock.
    You can't recoup the principle in 18mths if you invest in real estate. Rental prop is more for the long term.

    In the long term, you should invest in as many different ways as possible: stocks, bonds, cd's, your 401k, real estate, etc.

  21. #21
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    hhmmmm....interesting read spy....you are right on....all investments take time to make money....real estate just happens to be one with lower risk association and as a whole typically turns profit quicker..as a whole...hard to go wrong in real estate...not saying you can't...but it is hard to.

    Many, many tax breaks available from real estate, business expenses, etc. Plus, once you buy one, it only gets easier to buy the next!!

    And I agree...ask dabull...I don't have any money in the stock market anymore...just real estate.

    peace,

    ttgb

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    That's very true.......... I even know people that will let me purchase property for them.......... as long as it shows a loss for at least 3 years.........

    Best investment for return is multi's ........... 6-24 unit buildings..

    thier rent roll can cover 100% of the mortgage........60% LTV.. thus the extra 40% value can be borrowed against to develop other property........

    Just one tactic we are seeing right now......


    Quote Originally Posted by tryingto******
    hhmmmm....interesting read spy....you are right on....all investments take time to make money....real estate just happens to be one with lower risk association and as a whole typically turns profit quicker..as a whole...hard to go wrong in real estate...not saying you can't...but it is hard to.

    Many, many tax breaks available from real estate, business expenses, etc. Plus, once you buy one, it only gets easier to buy the next!!

    peace,

    ttgb
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    Quote Originally Posted by spywizard
    That's very true.......... I even know people that will let me purchase property for them.......... as long as it shows a loss for at least 3 years.........

    Best investment for return is multi's ........... 6-24 unit buildings..

    thier rent roll can cover 100% of the mortgage........60% LTV.. thus the extra 40% value can be borrowed against to develop other property........

    Just one tactic we are seeing right now......
    That's exactly what I'm trying to do now...I'm building up as much equity as I can in the few properties I currently have so that I can buy a duplex/quadplex next, then a small apartment complex...eventually getting into commercial property. Just takes time!

    peace,

    ttgb

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    very good read on real estate bros

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    With interest rates down........... you can get commercial loans easier.. pay a premium on the interest.. 8%........ and raise the rents giving 60 day notice.. the mortgage is made on the rent roll..... the total amount collected..

    example..

    6 units each $600 =$3600 per month x 12 =$43,000 X 6 = $259,200 + LAND AND BUILDING VALUE.. $300,000 + 259,200= $559,200 (loan value) x 60% =$335250 cash is what the bank will lend...

    the offer to purchase is $335,250...........

    And the new owners take all the depreciation........ cool......


    Quote Originally Posted by tryingto******
    That's exactly what I'm trying to do now...I'm building up as much equity as I can in the few properties I currently have so that I can buy a duplex/quadplex next, then a small apartment complex...eventually getting into commercial property. Just takes time!

    peace,

    ttgb
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    Quote Originally Posted by spywizard
    With interest rates down........... you can get commercial loans easier.. pay a premium on the interest.. 8%........ and raise the rents giving 60 day notice.. the mortgage is made on the rent roll..... the total amount collected..

    example..

    6 units each $600 =$3600 per month x 12 =$43,000 X 6 = $259,200 + LAND AND BUILDING VALUE.. $300,000 + 259,200= $559,200 (loan value) x 60% =$335250 cash is what the bank will lend...

    the offer to purchase is $335,250...........

    And the new owners take all the depreciation........ cool......

    ok,i think i need spy as my financial advisor

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    thenx guys.. really good read on the real estate side.. however i live in nyc... around where i live a single fam house goes for 350k so that idea is pretty far fetched.. thenx spy for explaing it. and yeah i'll try to get a hold of da bull

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    take the money and move from nyc...you'll thank me one of these days!!

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    Quote Originally Posted by tryingto******
    take the money and move from nyc...you'll thank me one of these days!!
    i couldnt agree more.......

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    SIRI is up .15 today...this stock is a head-ach tho

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    Quote Originally Posted by jbol
    wrong,you can claim losses on stocks...and id like to see the property you get for 10k.....
    what losses can you claim on stocks????????????? none, sorry you have to claim all your profit but your not aloud to claim any of your freaking losses.

    and if you cant buy a nice duplex in the city near you for 10k down then you have real problems or you need to find a better agent, of coarse i dont mean that 10k total price, im talking about 10k down and mortgage the rest. if you really want me to i can send you a list over 100 properties in my city alone that you could by with that 10k

    you said you live in NYC? well you can still get some good rentals around there. remember, the property doesnt have to be in a good neighborhood, it just has to stay rented, and to be honest, ive found the crappier the neighborhood the easier it is to keep it rented. people dont have the money up front to go and buy a house but they have enough to pay rent to live in one. you can have your taxes rolled into the mortgage, and you wont even wanna think about taking your money back out after the time your saying cause youll make more if you leave it in. get equity, and take it out to go buy something you want or another property. that equity loan you just took out is again tax free. you dont have to pay ish on it
    Last edited by jcstomper; 02-10-2004 at 02:30 PM.

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    I'll jump.............. what state......???????? and city...............



    Quote Originally Posted by jcstomper
    what losses can you claim on stocks????????????? and if you cant buy a nice duplex in the city near you for 10k down then you have real problems or you need to find a better agent, of coarse i dont mean that 10k total price, im talking about 10k down and mortgage the rest. if you really want me to i can send you a list over 100 properties in my city alone that you could by with that 10k
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    Quote Originally Posted by spywizard
    I'll jump.............. what state......???????? and city...............
    need a roomie???

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    Quote Originally Posted by spywizard
    I'll jump.............. what state......???????? and city...............
    philly,PA... sh-t my moms house cost her 42k, she pays 348 a month for mortgage, my **** car payment is more then that lol. and she has 3 floors and a garage, and is in the north east which is a nice area of philly... remember you can make alot of money in the bad parts of the city. its not to bad being a slum lord, and my moms area is by no way in any means a slum

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    True true............

    will do a little research now.............

    talk about it later......

    do you have anyone else in your mom's area/????

    like a cousin, or sister...... or something........ age should be 21 +

    thanks......


    Quote Originally Posted by jcstomper
    philly,PA... sh-t my moms house cost her 42k, she pays 348 a month for mortgage, my **** car payment is more then that lol. and she has 3 floors and a garage, and is in the north east which is a nice area of philly... remember you can make alot of money in the bad parts of the city. its not to bad being a slum lord, and my moms area is by no way in any means a slum
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    go read any of robert kiyosaki or dolf de roos's books, them guys know whats up with real estate. my friend in vegas fly's to arizona on a regular basis for seminar's with this guy. you wanna talk about money. these guys have so much they dont know what to do with it. hows 60k a week sound? thats on a bad week for these guys

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    Quote Originally Posted by spywizard
    True true............

    will do a little research now.............

    talk about it later......

    do you have anyone else in your mom's area/????

    like a cousin, or sister...... or something........ age should be 21 +

    thanks......
    haha, yeah i have family in that area. serious though theres so many ways to make money in real estate, i just hate seeing people down talk it, and say stocks. they sound like how i used to talk when i was 18 or so and didnt know jack. then i actually started researching it all and saw how much more less risk and more profit there is in real estate

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    i agree that real estate is definitely the way to go and invest $$$$$$$

  39. #39
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    best way to take money fast in realestate..

    control the developement...


    would you be suprised if i said i can build a house for $27 per square foot?? without the cost of the land..........

    and the average new house here is $95 and $128 per square foot....

    remember though........... he only wanted to invest for 12-18 months....


    realestate, and land development are always the way to go..

    also.. check with local area's there are alot of low interest rate loans for redevelopment in housing areas.... and grants if you are a minority or hire mostly minorites.........

    just a thought..........


    Quote Originally Posted by jcstomper
    haha, yeah i have family in that area. serious though theres so many ways to make money in real estate, i just hate seeing people down talk it, and say stocks. they sound like how i used to talk when i was 18 or so and didnt know jack. then i actually started researching it all and saw how much more less risk and more profit there is in real estate
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    Quote Originally Posted by jcstomper
    what losses can you claim on stocks????????????? none, sorry you have to claim all your profit but your not aloud to claim any of your freaking losses.

    and if you cant buy a nice duplex in the city near you for 10k down then you have real problems or you need to find a better agent, of coarse i dont mean that 10k total price, im talking about 10k down and mortgage the rest. if you really want me to i can send you a list over 100 properties in my city alone that you could by with that 10k

    you said you live in NYC? well you can still get some good rentals around there. remember, the property doesnt have to be in a good neighborhood, it just has to stay rented, and to be honest, ive found the crappier the neighborhood the easier it is to keep it rented. people dont have the money up front to go and buy a house but they have enough to pay rent to live in one. you can have your taxes rolled into the mortgage, and you wont even wanna think about taking your money back out after the time your saying cause youll make more if you leave it in. get equity, and take it out to go buy something you want or another property. that equity loan you just took out is again tax free. you dont have to pay ish on it

    you can claim losses on stocks when you have held them for over 1 year,i do it all the time...its on your schedule d on form 1040,same form you use for capitol gains..
    Last edited by jbol; 02-10-2004 at 03:41 PM.

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