Wow Max you must be psychotic. I mean psychic.

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
ink.net...

"DSK" wrote in message

Maxprop wrote:

Two years ago I bought some land along Lake Michigan for $200K and sold
it this summer for well over two million dollars.

Oh wait, I just made that up. Like you.


Might as well have been 3 mill, then.

On second thought it *was* $3M.


Shucks I bought IBM stock at $35 a share, kept it for two years during
which time it not only went up to $90 but split, while paying a 4%
dividend, then I not only sold it all but shorted twice as much... guess
how much that netted?

Not knowing how many shares you bought it would be difficult. Care to
tell us?

Real estate speculation of the nature you describe is highly risky and
seldom pays off the way you claim it did. Being in the right place at
the right time is great, if you have a crystal ball or a clairvoyant
aunt. More often the costs involved with such speculation eat the
investor alive and mitigate any possibility of a decent return. For the
average person, such a lofty return on investment is simply not in the
stars. For the average person, the investment opportunities available,
whether real estate or paper, won't return anything near the interest
rate paid on a boat loan.


Yep, think about it... why would the bank loan you money at X% if it was
a sure thing they could earn X+% on these wonderful real estate deals?
There are very few REITs paying over 8.5% nowadays, and there are a few
that specialize in rehab real estate.

Well, you must be wrong, Doug. Capt. Bubbles and Mr. Ganz are both
realizing monster profits from straight RE investments. Bubbles is, no
doubt, the RE rehab king of NYC. And those stupid banks just don't get
it, do they.

Max

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