 |
gregorygarver.com San Francisco Real Estate Forum
|
| Author |
Message |
mazziatplay
Joined: 07 Apr 2006 Posts: 7
|
Posted: Sun Apr 15, 2007 1:03 pm Post subject: As you know there's crisis in real estate sector of USA, Whi |
|
|
| which one is more reasonable:buying homes and foreclosures or buying commercial or residential land ( a huge land)? |
|
| Back to top |
|
 |
SuperCactus
Joined: 31 Mar 2007 Posts: 2
|
Posted: Tue Apr 17, 2007 11:37 pm Post subject: As you know there's crisis in real estate sector of USA, Whi |
|
|
| More people buy single family homes than commercial property, so if you are looking to turn or sell then homes is the better solution. Land is great for long term near residential areas |
|
| Back to top |
|
 |
zoplokd
Joined: 20 Dec 2007 Posts: 2 Location: Bahrain
|
Posted: Fri Apr 20, 2007 10:10 am Post subject: As you know there's crisis in real estate sector of USA, Whi |
|
|
| There are always deals to be found in all types of property. It depends on what your skills are. If you are a handyman type or have good people skills for landlording, then houses are probably better. If you have cash (don't need as much financing) and prefer to be more of a passive investor, holding land is a lot less hassle. |
|
| Back to top |
|
 |
online-df-cialis--gdsas
Joined: 18 Jan 2008 Posts: 1 Location: Antigua and Barbuda
|
Posted: Sun Apr 22, 2007 8:44 pm Post subject: As you know there's crisis in real estate sector of USA, Whi |
|
|
| Purchasing large tracts of land is usually an excellent long-term investment, particularly in an emerging market. The single largest argument against this tactic is that, while ownership makes us feel good and it may be beautiful to behold, it typically is a drain on resources and doesn't generate revenue for the investor during the holding period.The term "reasonable" is subjective, and as one of the other posters suggested, really depends upon your personal interests and skill-set. If your goal is to buy low, then possibly sell high when the market recovers, the question then boils down to choosing between:1) raw land which produces no income2) a commercial building with great tenants & high CAP rate3) income-producing vacation rental / holiday home properties located in high traffic tourist areas4) fix & flip5) long-term rentalsIf you're a frequent traveller or vacationer, (or want to be one), suggestion #3 may be a nice fit, as you would likely be able to fit more properties into your acquisition budget, diversify your portfolio by purchasing in more than one location and have the opportunity to enjoy some nice write-off's, all with minimal effort. Recommend you speak to your financial advisor to learn more about the benefits of vacation rental / holiday home ownership and tax benefits relevant to your country of origin.Fix & flip and long-term rentals require too much effort and headaches, in my opinion.So to answer your question:Given a hypothetical $1M US budget and the choices of owning a large chunk of land which produces no income, owning a single commercial building located in a city somewhere and owning possibly three or more income-producing vacation homes anywhere in the world..... I'd go with #3, but that's just me, (and several of my Clients ;-)Hope this helps, and Good Luck! |
|
| Back to top |
|
 |
|
Powered by phpBB © 2001, 2005 phpBB Group
| Gregory Garver