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Originally Posted by Greg B
Yes Webby,
Asian real estate IF you can get it would be a good idea. In Thailand I have friends who are super influential. You can own property in Thailand if you have the connections. That's some sweet shit there.
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You are taking the words right out of my mouth Greg
It is correct in what you say - even if you do nothing with eg a plot of land, - it still increases annually with no effort. (Not quite the same as the net biz)
It's never exactly trouble-free, (got to deal with surveyors and others), but ideal for a biz where you can operate from home. (That's where is handy if you can build up a team of professionals who are stable and can be used on other investment projects.)
Also... again, being responsible and covering every aspect in detail before a purchase, is crucial.
And... if there is a project which comes along and it sounds on the biggish side, but fundamentally a good deal - there is no reason not to set up another corp for that project and invite others to participate as shareholders. Some stuff is just a no-brainer!
It's only me, but have a tendency to look for an "average" capital gain of around 20% annually for land alone and no or little construction on it and in locations which offer a good prospect of development at some future time. Tho that modest return seems to have shot up far more than we ever expected possible. The development aspect in a way ensures a future - where dev prospect revenue is many times more than land values.
Again.. there are niches
Suppose mine are "ecological" and "exotic locations" - eg just putting a another project together now for.. dunno yet, could be more depending on neighboring vendors, but a base plot of around 800 acres with 200+ existing home construction permits already in place. This is both a mix of ecological and exotic with around 2.5 kilometers of beaches and coves with plenty ocean view plots - got to be one of the richest places on the planet for that. It's too much work for one person to handle, so formed a corp for this one and working directors as partners.
But basically... hour for hour spent on either net or real estate - there is no question real estate is miles ahead, - not just for immediate benefit, but long term.