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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: margaret tasset who wrote (20642)	8/22/1998 10:00:00 PM
From: billwot	Read Replies (1) \| Respond to of 27012

Margaret-I was going to Private Message you about my real estate dealings, but since we seem to have the thread to ourselves anyway, I guess it doesn't matter. I started out buying VA foreclosures as rental properties. Until '95 they were no money down, even to investors. They now require 10%, still a great deal. However,with the raging economy, quality foreclosures are hard to come by. The market here around Raleigh/Durham/RTP is even stronger than the market nationwide. I haven't bought a foreclosure for about 2 1/2 years now. Anyway, I have 7 single family rentals. No junk-market values from $90-120,000, rents from $850-1100 mo. I have been in this about 6 years, and my occupancy rate is virtually 100%. Resale home values are rising about 6%, so I am accumulating significant appreciation, tax-deferred, and get a big write-off for depreciation. I also my doing my first small subdivision. I have 7 lots, with one house complete (and under contract), and will be starting 2 more in the next 30 days. I got my Realtor's license and my General Contractor's license both last year. I phased out my engineering work and am now doing real estate and construction full-time (along with monitoring SI and the stock market<gg>) Anyway, at this point in time, there seems to be lot less risk buying more real estate and building more houses than putting money in the market. I am about 4 1/2 hours from beautiful Cape Hatteras. We go to Nag's Head for weekends, and to Duck (about 90 miles North of Hatteras) for a week each year. I'm sure I'll meet Sonny on the Outer Banks sometime. Intel?-I'm down to 350 shares, and will continue to hold it unless I really start liquidating. How to play this market?-As I said earlier, I think volatility will continue for some time, and then I'm very uncertain about the longer trend. Be careful out there!! billwot