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Unfolding Nature Shop: Unfolding Nature: Being in the Implicate Order

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Anybody into real estate....
    #4633173 -

I plan to get heavily into real estate cuz thats the only place the real money is left these days. Gotta start out small though cuz I ain't got crap for cash yet.

I found 2 cemetary plots for $1000 apiece, is this a decent price? I was thinking of offering $1500 for the both. Cemetary is located in a suburb about 10 miles outside of the city. Anyone have any comments?

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Re: Anybody into real estate.... [Re: kronnyQ]
    #4633264 -

Cemetary plots, eh? Never really thought about that. Interesting.

I've invested in some land down in El Paso, Texas. Ranch-style land, unzoned and such.  I'm thinking about investing with the Alpine U.S. Real Estate Equity Fund [minimum 1k investment] as an aside. I read about them on Kiplinger's financial magazine. Over the past five years to June 1, the no-load fund returned an annualized 34%. That's an amazing 36 percentage points per year better than the results of Standard & Poor's 500-stock index, and it made Alpine the best-performing stock fund of any sort over that period. It is also the number-one real estate fund over the past ten years.

http://www.alpinefunds.com/

As for recommendations and advice on knowledge to absorb, I'll provide the same recommendations as I have for a long time now:

One solid, clear, and precise "nuts and bolts" book I heartily recommend is:
The 36 Hour Real Estate Investing Course by Jack Cummings

Real Estate Riches by Dr. Dolf DeRoos is a very compelling book with all the intricacies of real estate exposed, that make you jump off your seat and go: "Wow! Why didn't I get into this earlier?!"

And last, but not least:
Real Estate Loopholes by Diane Kennedy and Gary Sutton. Name says it all.


"You can't beat real estate." -Donald Trump

"Buy land. God isn't making any more." -Oprah Winfrey


I just had an :idea:

Wouldn't it be really neat for the Shroomery to have it's own little real estate consortium, where all of us REInvestors could funnel cashflow into investment projects, i.e. warehouses, certain office buildings, vacation resorts, etc. and share the profits - just like any other consortium, basically... It wouldn't happen unless there were a strong number of us though.
But cool idea, nonetheless. A "Shroomery-community owned" property. Imagine that.



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Coffee should be black as hell, strong as death, and sweet as love.

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Re: Anybody into real estate.... [Re: kronnyQ]
    #4633387 -

Watch out. Real Estate agents lose their souls quickly and turn into bitter conniving wretches.


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Acid doesn't give you truths; it builds machines that push the envelope of perception. Whatever revelations came to me then have dissolved like skywriting. All I really know is that those few years saddled me with a faith in the redemptive potential of the imagination which, however flat, stale and unprofitable the world seems to me now, I cannot for the life of me shake.

-Erik Davis

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Re: Anybody into real estate.... [Re: OneMoreRobot3021]
    #4633452 -

I don't want to sound pompous but I'd save up a little more money before you began investing.

As someone above illustrated, even if you hit it BIG TIME, an awesome return would be 34% annually. Thats $340 per year and an ideal return. I don't have an idea about what an "average" return on a real estate investment is but I would assume it's less than 34%.

Just something to consider if you want to "get rich quick"


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436

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Re: Anybody into real estate.... [Re: badchad]
    #4633506 -

As someone above illustrated, even if you hit it BIG TIME, an awesome return would be 34% annually. Thats $340 per year and an ideal return.

34% per annum is a very nice return in ANY investment.. But that kind of return is more common for seasoned REinvestors compared to say, stock market investors. If you invested 1k starting TODAY, and got a solid 34% return every year, you would have a million dollars by the year 2022.
The nice-yet-average returns in real estate usually range 13% to 16%, more or less. So let's say you have a 14% per annum return on a 1k investment. You would then have a million by 2040, and that happens to be near retirement time of alot of folks in the future - including many of us.




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Coffee should be black as hell, strong as death, and sweet as love.

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Re: Anybody into real estate.... [Re: SkorpivoMusterion]
    #4638686 -

Okay, you'll def. have to check my math (I used an investment calculator off a different website).

In any event, if you invested $1,000 and got a return of 34% for 16 years (I rounded to 2006 for simplicity). You'd have a total of $108,603. Averages to about 6K per year.

Also, keep in mind that 34% is a very large return. To sustain it for 16 years is probably not realistic. I'm just throwing percentages at you however, so I cannot comment on the reality of the real estate market. Again, if we used the second example of a 15% return on $1000, by 2040, you'd have $115,805 (about $3400/year).

But again, it's a gamble. I know people whose houses in Florida have doubled in value over a 5-10 year period (although this will prob. end very soon as all the baby boomers retire).

All in all, my worthless opinion is to wait till you have more capital. Just My $0.02 cents though.


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436

Edited by badchad (09/09/05 04:12 PM)

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Re: Anybody into real estate.... [Re: kronnyQ]
    #4638701 -

I always thought you weren't allowed to make money off the sale of a plot.


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"I have sworn upon the altar of God eternal hostility against every form of tyranny over the mind of man."

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Re: Anybody into real estate.... [Re: badchad]
    #4638703 -

Compound interest... Did you factor that in?



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Coffee should be black as hell, strong as death, and sweet as love.

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Re: Anybody into real estate.... [Re: SkorpivoMusterion]
    #4638714 -

SkorpivoMusterion said:
Compound interest... Did you factor that in?




I think so, basically I said if you made 34% off 1,000 in a year you'd have $1340. Then, after you gained 34% on the $1340, you'd have $1795.....and so on.


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436

Edited by badchad (09/09/05 04:18 PM)

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Re: Anybody into real estate.... [Re: badchad]
    #4638722 -

Oh wait.. I just realized... My case assumed that you re-invested 1k per annum. Which is a whopping $3 bucks saved a day. [Actually, less than that] Okay, now crunch the numbers.



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Coffee should be black as hell, strong as death, and sweet as love.

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Re: Anybody into real estate.... [Re: SkorpivoMusterion]
    #4638733 -

Okay, $1000 at 15%.  Re-Investing an ADDITIONAL $1000 per year for a period of 34 years equals out to:  $881,170

Which is a much better return :smile:

Here's the calculator I've been using: http://www.ici.org/cgi-bin/calcs/SAV14.cgi/investment_company_institute


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436

Edited by badchad (09/09/05 04:25 PM)

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Re: Anybody into real estate.... [Re: badchad]
    #4638740 -

:thumbup:



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Coffee should be black as hell, strong as death, and sweet as love.

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Re: Anybody into real estate.... [Re: kronnyQ]
    #4639481 -

:nonono:

the dead will eat you alive, oh wait, its the pub.  Go 4 eat!

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Re: Anybody into real estate.... [Re: Galvie_Flu] * 1
    #27555973 -

i doubt most people here have much interest in living in the Phillipines as long as people are being summarily executed for minor drug charges.

also, Americans prefer being executed by children with guns, fist bumping neo nazis and people with no respect for infectious disease.


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my mother said, to get things done, you'd better not mess with Major Tom...whose status is the baddest, everytime 'they' bless the apparatus

Edited by Anglerfish (11/24/21 09:25 AM)

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Re: Anybody into real estate.... [Re: masspan]
    #27556026 -

Where do you find all these smoking chicks?


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"The Rolling Stones will break up over Brian Jones' dead body"    John Lennon

I don't want no commies in my car. No Christians either.

Simulacrum
The truth which conceals that there is none

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Re: Anybody into real estate.... [Re: kronnyQ]
    #27556177 -

I am involved in real estate, single and multi-family housing rentals in the state of California.  A 12 unit in the City of Los Angeles is yielding about 6-7.5% annually, relative to its current liquidation value, after expenses.  The smaller duplexes and four-plex I manage in a northern suburb of Los Angeles yield about 5-5.5% annually relative to current liquidation value, after expenses.  Keep in mind that there are years when you have major repairs that can cut your annual return in half (major plumbing, electrical upgrades, new roof, these can all cost tens of thousands of dollars on a single project).

Keep in mind that these yields benefit from the fact that the properties are entirely paid off and that taxes in California are essentially locked in at a low rate from the time of purchase, thereby reducing expenses.  The properties have also benefitted from their hard-asset and limited supply status, thereby resulting in underlying capital appreciation, which is both the reason real estate is so attractive, but can also make it increasingly difficult for new entrants who utilize leverage or are otherwise capital constrained to purchase their first income property.  If you are paying an average mortgage as part of your expense load, you'll be squeezed pretty hard in the event you have any large maintenance expenses, let alone problem tenants who may lapse on rent yet refuse to move (including the probable need for the rehabilitation of their unit once vacated, before it can be re-rented for a resumption in cash flow).

TLDR: Don't expect 34% annualized returns, in real estate or any other low-to-moderate risk asset.  Even a 10% rate of return is being generous.


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┼ ··∙   long live the shroomery  ∙·· ┼
...╬π╥ ╥π╬...

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Re: Anybody into real estate.... [Re: geokills]
    #27556236 -

Good info but this is a pretty old thread.


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"Its moving of its own accord...and I like that in a shirt!" - Me, tripping.

deCypher said:
Schizophrenia beats dining alone, you know.

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Re: Anybody into real estate.... [Re: Ima Trooper]
    #27556255 -

Hah, no kidding... given that everyone who participated still has activate avatars, I'm surprised this thing is over 16 years aged! :lol:


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┼ ··∙   long live the shroomery  ∙·· ┼
...╬π╥ ╥π╬...

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Re: Anybody into real estate.... [Re: kronnyQ]
    #29223993 -

Absolutely, getting into real estate can be a smart move but like any investment, it depends heavily on timing, location, and strategy. Cemetery plots are definitely a niche angle, and while $1,000 apiece might seem affordable, their resale value can vary a lot depending on the demand in that specific area. Some people do make a profit flipping plots, especially in high-demand or sold-out cemeteries, but it’s definitely not your typical first real estate play.

You mentioned being low on cash, so it might be worth stepping back for a second and asking what your long-term goal is flipping, passive income, appreciation? If you’re looking for a more traditional route (like rental income or capital growth), you might consider markets where entry-level properties are still affordable but trending upward. For example, some people are looking internationally places like southern France, for instance, still have pockets of high potential.

That said, no matter the market, it’s smart to hold off until you have a little more saved up. Real estate can eat through your cash with fees, taxes, and repairs especially if you’re not prepared. Even a good deal can become a money sink if the timing’s wrong or the exit strategy isn’t clear.

If you’re just getting started, maybe look into REITs (real estate investment trusts) or crowdfunded real estate platforms. They’re not as exciting as flipping plots or buying a fixer upper, but they let you learn the ropes with lower risk.

Best of luck curiosity and asking questions like this is the first step to doing it right.

mod edit: link removed

Edited by Northerner (05/21/25 07:14 AM)

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Re: Anybody into real estate.... [Re: xenoash]
    #29224010 -



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:mushroomgrow::mushroomgrow:

:mushroom:Cobain can you hear the spheres
Singin songs off Station to Station?:mushroom:

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Unfolding Nature Shop: Unfolding Nature: Being in the Implicate Order

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