Comments on: Real Estate Investor Horror Story http://crosslandteam.com/blog/2007/01/05/real-estate-investor-horror-story/ Austin Real Estate Blog Wed, 08 Feb 2012 19:40:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim http://crosslandteam.com/blog/2007/01/05/real-estate-investor-horror-story/#comment-455 Jim Sun, 07 Jan 2007 17:00:51 +0000 http://ben.crosslandteam.com/blog/2007/01/05/real-estate-investor-horror-story/#comment-455 The "busload of people" comment you made reminds me of another "investment club" right here in Austin. At one of their meetings, they had a condo expert from Florida tell us how he organizes trips for investors who want to buy condos to flip. He charges something around $500 per person, loads everyone up on a bus and gives them a tour of whatever city he operates in (might have been Miami). Needless to say he probably gets generous kickbacks from all the builders. In Austin, the best investment is to buy a house in a good solid area with strong demand, like areas 10 or SW or NW, and hold it for several years. There might not be much cashflow but appreciation will more than make up for it. The “busload of people” comment you made reminds me of another “investment club” right here in Austin. At one of their meetings, they had a condo expert from Florida tell us how he organizes trips for investors who want to buy condos to flip. He charges something around $500 per person, loads everyone up on a bus and gives them a tour of whatever city he operates in (might have been Miami). Needless to say he probably gets generous kickbacks from all the builders.

In Austin, the best investment is to buy a house in a good solid area with strong demand, like areas 10 or SW or NW, and hold it for several years. There might not be much cashflow but appreciation will more than make up for it.

]]>