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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (7809)7/26/2006 9:29:40 AM
From: Seeker of Truth  Respond to of 218722
 
Three things I've learned about real estate.
1. Money is made quickest by developing, i.e. building and/or changing the use of the property.
2. Companies that only develop often wind up in bankruptcy when the interest rate cycle hits them.
3. People who simply hold on and collect the rents make money slowly but very tranquilly and restfully. At the end of the game the profit is great. Some good friends of mine wouldn't touch the stock market but they have made a good sized fortune simply by slowly and carefully adding to their local real estate holdings in Toronto. They recommend commercial rather than residential. It is much much easier to get rid of the nonpaying commercial tenant.
Anyway, congratulations, ElMatador.
S of T