Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.
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Yeah, more people go bankrupt doing just that than anything else in the world of real estate investing.
I built my own 4-plex in the late 90's.
After a couple years of managing, I'd had enough.
I would probably still own if I used a management company.
I still own several nice, developed building lots in Iron county.
Raw land never recovered here as much as actual houses.
I have lots in Cedar city and Parowan, if anyone is looking.
Bought that cedar lot around 2007--price just over $80,000
Like I said, raw land hasn't rebounded.
Yeah, I was sorta half joking. If done correctly, you can make a good chunk of change. The problem of course is that every Joe Shmoe thinks they know how to do, but most don't. But in the last 36 months I've probably financed $30 million in subdivision developments and haven't lost a dollar yet.
looks like it will break out of the last 2 days, to the upside.
Some friends and I were having a discussion about this topic over the weekend. The real estate market (at least in Utah) is now at or above 2008 levels. It just seems like there is no correction in the current market. It's all UP, UP, UP, with no end in sight.
But this can't be maintained forever. At some point, it's all gotta come crashing down. I know the market conditions are different than they were 10 years ago, but that still doesn't dismiss the fact that a large correction is looming on the horizon....just when tho?
When 1500 sqft unfinished houses in SLC are going for over $400,000 you know the market is off the rails...
I don't see a big real estate correction ever coming to the SL valley. The reason is the buildable land is nearly gone. It's all supply and demand.
Canadas parliament has passed legalization of mj.
Some formalities yet but mostly a done deal.
If you don't own any Canadian mj stock, it's too bad.
^^^ GASP!!! Canada just legalized a gateway drug?! Brace yourselves boys, Armageddon is imminent!
But seriously, it looks like most cannabis stocks are up between 3% - 7%. Dang I should've gotten in on that.
I used to have a neighbor that was an LDS guy and did a ton of gambling. He said he liked it because he didn't have to pay his 10% on his winnings because the church didn't want "ill-gotten gains". The LDS folks on this board should do the same with MJ stocks.
Canadian MJ will be available to the public on 10-17-2018
My experience from last weeks Ogden Twilight concert with Little Dragon, it pretty much already is. Just based on the number of people lighting up all around me and the number of police officers standing nearby that did absolutely nothing about it.
Just saying.