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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (2347)	7/12/2014 11:33:32 AM
From: tejek	Respond to of 2722

But this is the Cruz of it IMHO. People buying hi- priced apartments, townhouse's etc in big cities are interested in getting their grey money into something safer, or what they perceive as safer. Miami had a lot of drug money in the 80's flowing through the banks from South America and the Islands, much of it went in to real estate. Today who is buying those hi-priced condos? Mostly people from South America. Better to have a place in the U S even if it costs money each month than have it confiscated by the Government of Argentina or Venezuela. That's how I read it and much the same in London or New York just substitute Chinese and Russian grey money. Now we figured all of that out how do we profit from it? Over to you......... My game has always been to buy in neighborhoods I thought we're going to turn. Hard to find in a city like Seattle or SF or Boston or Portland but the rest of the country is pretty much an open field ripe for plucking IMO.

To: Riskmgmt who wrote (2347)	7/20/2014 12:16:17 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

Price divergence right now seems to be much higher than at any time in the past when you compare Manhattan, in town Boston, Bay area, DC ect... to small town middle America, the exhurbs ect. I believe the gap will narrow as long as interest rates stay this low. PITI compared to equivalent rent is so much lower all it takes is getting around Dodd Frank and more credit flowing to J6P and Gen Y to really light the fire under much of American RE currently a great bargain. My KISS method of 15%+ cap rates buying solid CBS homes in solid land constrained areas close to bigger cities with jobs can be replicated across most of the country even today, There are a ton of hedge fund/private equity types besides us small fish doing this right now and the inventory will all be depleted sooner than anyone thinks. It is already too late in CA, the big cities in TX and in southern FL. I know of one group that is big in Jackson, MS and Memphis TN as one example Good thread you guys got going here. Some interesting on topic posts about real estate been lacking on SI since like 2008