« First « Previous Comments 57 - 57 of 57 Search these comments
For me, real estate is the perfect side business
For many people owning rental property is the perfect part time business. That isn't what we are talking about.
Real Estate, the business of Real Estate, is where that is your sole source on income.
I've had rentals, and provided services to other Real Estate Professionals who also had rentals. My biggest business was preparing properties for sale. As a Real Estate agent I had an advantage, and marketing tool. My original web site was for my company A Spring Cleaning; catchy name, huh? The other great thing was that a local cleaning company with the domain name of house cleaning.com would refer clients to us. They stopped that when I bought the domain names of seattle house cleaning, and the combinations there of.
There was a point in 2005, 2006, when I, along with many others, realized the Real Estate market place was highly manipulated. Some big players sold big properties in 2005 in anticipation of a Real Estate market crash. I began selling in 2006, and sold the last property, that I owned with a partner, in August of 2007.
The property in Atlanta was a Trust that was in a mix of other investments.
I'll continue to sell, now, that the market is in it's highs, for Seattle, and will invest in our cleaning business. What I wouldn't do is invest in more properties. Those are my choices.
« First « Previous Comments 57 - 57 of 57 Search these comments
I found this interesting site outlining the 1980's housing cycle based on the headlines it looks like the point we're at now is about similar to 1981.
So you've still got some time...
http://njrereport.com/80sbubble.htm
#housing