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2020 Investment Thread

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Probably depends on where. After 2008 crisis some areas lostore value then others.
 
Bowling4Bikes said:
I'm accumulating money on the sidelines to invest in real estate. when do you think it a good time to jump in? I'm thinking there's a correction coming as soon as the 10+ million unemployed still can't pay rent. Maybe an REIT is best for me, but I'm also thinking of biting the bullet and buying a rental property.
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And where do you want to buy?
 
Bowling4Bikes said:
I'm accumulating money on the sidelines to invest in real estate. when do you think it a good time to jump in? I'm thinking there's a correction coming as soon as the 10+ million unemployed still can't pay rent. Maybe an REIT is best for me, but I'm also thinking of biting the bullet and buying a rental property.
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What kind of real estate investing are you looking to do? Getting your own place?

Real Estate inflates as interests rates go down and don't we expect interest rates to be low for a while. I don't know what the deal is for people that can't pay their mortgage right now. Renters should be getting a break, but there are horror stories out there.

I guess market timing in Real Estate is like stocks - you can't really time the market. I bought a town home right before 2008 in this area :laughing. Of corse it recovered long ago and I'm very happy. :teeth. If the numbers work, do it.
 
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Bowling4Bikes said:
I'm thinking right now, redding, portland, reno or las vegas. I essentially have zero reason, other than anectodal. what is your opinion? I'd really like to hear from others.
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If I had the cash to do so, I'd probably look in the midwest for a multi-unit place. Pricing is cheap (by California standards) and if you buy in the right place, you can get good rent that should easily cover your carrying costs.
 
Killroy1999 said:
What kind of real estate investing are you looking to do? Getting your own place?

Real Estate inflates as interests rates go down and don't we expect interest rates to be low for a while. I don't know what the deal is for people that can't pay their mortgage right now. Renters should be getting a break, but there are horror stories out there.

I guess market timing in Real Estate is like stocks - you can't really time the market. I bought a town home right before 2008 in this area :laughing. Of corse it recovered long ago and I'm very happy. :teeth. If the numbers work, do it.
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I do, if only because REITs feel just the same as investing in the stock market.

it is like stocks but it isn't, yes? I feel like I should diversify outside of the market. no?
 
Bowling4Bikes said:
I'm thinking right now, redding, portland, reno or las vegas. I essentially have zero reason, other than anectodal. what is your opinion? I'd really like to hear from others.
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I hear there might be a great deal on a little RedHouse in Portland..
But that aside I have a couple of houses in grass valley I want to sell
5 year Tennant's never miss a payment..profet every month!..
 
Reno RE market is at all time highs right now.
Is it the top? Will it go up or down?
Go ask a fortune teller.
 
insyder said:
If I had the cash to do so, I'd probably look in the midwest for a multi-unit place. Pricing is cheap (by California standards) and if you buy in the right place, you can get good rent that should easily cover your carrying costs.
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This is what I am getting from my kid. She's in the business and looking at properties in the midwest. Ca real estate and the west coast is pretty damn appreciated right now.
 
augustiron said:
Reno RE market is at all time highs right now.
Is it the top? Will it go up or down?
Go ask a fortune teller.
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Much of the western US residential real estate is at all time highs. It can't keep going. Income isn't remotely close to keeping pace. It will be interesting to see the market when forbearance ends and the foreclosures catch up to the present mortgage delinquency rates. You know banks aren't going to extend forbearance on their own once this ends.
 
Bowling4Bikes said:
I do, if only because REITs feel just the same as investing in the stock market.

it is like stocks but it isn't, yes? I feel like I should diversify outside of the market. no?
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I've owned a couple REIT's for years, for the income. They are companies that service mortgages, sometimes originate mortgages, and buy and sell loans. It's a stomach churning product to own, but can be a profitable one. I will only buy on dips.

They are not synonymous with the market except that both stocks and REITs depend on credit to operate. Lots of it.

scootergmc said:
Much of the western US residential real estate is at all time highs. It can't keep going. Income isn't remotely close to keeping pace. It will be interesting to see the market when forbearance ends and the foreclosures catch up to the present mortgage delinquency rates. You know banks aren't going to extend forbearance on their own once this ends.
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Yeah, this. I am absolutely amazed at prices in Oakland, where cheesy 80 year old bungalows sell for a million bucks.
 
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I wouldn't want to deal with the hassle of a single out of state rental unit, but a multi unit one where you pay a management company to deal with the renters seems like a good way to go. I like reit's and have CXP, TWO, O, and AGNC, the first three I "swing" trade in, and am not too concerned if I don't own it when the dividend comes up.
 
cfives said:
I wouldn't want to deal with the hassle of a single out of state rental unit, but a multi unit one where you pay a management company to deal with the renters seems like a good way to go. I like reit's and have CXP, TWO, O, and AGNC, the first three I "swing" trade in, and am not too concerned if I don't own it when the dividend comes up.
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I own NLY, NRO, WY, MPW and a few others.
 
cfives said:
I'll have to look into those, thanks.
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IRM also

Not sure I recommend NRO, it has really been an up and down experience, but over the long run, it has paid me a nice income. I just had to watch it yo yo between $6 and $1.25. Glad I didn't buy at $15.
 
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