/biz/ - Business & Finance

Realestate is comfy but i wouldnt say safest
You could go very deep under very fast with a single bad move

*land
They aren't making any more of it

>>11862392
Yes, it is the best investment.
It produces rent and a high resell value.
Perfect.
t. 4 condos and a huge house owner

It’s not safe. Too many local level events could devalue properties. What if niggers move in to the neighborhood? Many real estate people got wiped out when Detroit went south.

>>11862432
stay a way from nigger infested land should be rule No1.
>>11862429
do you leverage or how can you own that much?

>>11862392
> taking a big loan
Unlike most investments, real estate requires servicing (property tax, insurance). That isn't necessarily prohibitive but servicing a loan on top of it is is you don't have capital reserves.

> enough to flip
Now you're talking about houses, not "houses/land." "Flipping land" would probably require inside knowledge of future development.

I know it's been almost 10 years but there are tons of amateurs who got involved in flipping (usually entering the market through scam seminars) and cratered back in 2007/08.

If you can't afford to float a house for at least a year (probably longer) from straight cash, you won't be the guy that flips houses. You'll be the guy whose house was repossessed and auctioned and flipped by someone else.

You lose money to inflation.
Unless youre leveraged to the hilt in stocks you're going to stay poor.
T. Fucking rich.

>>11862565
>to the hilt
you make it riskier than it should.

>>11862422
empires don't last forever, anon

>>11862461
>stay a way from nigger infested land should be rule No1.
that's everywhere soon bucko