When is the "right" time to buy real estate? - GoFuckYourself.com

BradM · 09-22-2004, 11:51 AM

When should you buy real estate? As soon as you can afford it, or as soon as you have say $X amount saved up.

Obviously with houses you need a downpayment.

Aside from that I mean when should you look at a purchase?

MattK · 09-22-2004, 11:55 AM

just borrow as much money as you can and buy as many properties as you can afford, real estate always goes up at least 10% a year or more, it never goes down, ever.

V_RocKs · 09-22-2004, 11:59 AM

Quote:

Originally posted by MattK
just borrow as much money as you can and buy as many properties as you can afford, real estate always goes up at least 10% a year or more, it never goes down, ever.

What planet are you living on man?

If you spend all of your available money on real estate and the market drops out and you lose all of the equity that is being used as collateral for your investments, you will lose all of your investments because the lender will want the collateral.

Veterans Day · 09-22-2004, 12:03 PM

stay away from volatility markets like shithole california, that place is great for over inflation, FHA loans come real cheap at 3% down, or find many home builders letting you now do the grunt work such as landscaping and painting as your downpayment. BUY NOW BUY ALL THE TIME. We own 4 homes and its the best decision one can make as far as investments go.

BradM · 09-22-2004, 12:03 PM

Quote:

Originally posted by V_RocKs
What planet are you living on man?

If you spend all of your available money on real estate and the market drops out and you lose all of the equity that is being used as collateral for your investments, you will lose all of your investments because the lender will want the collateral.

No kidding. I was wondering what that dude was on.

I think he was joking.

MattO · 09-22-2004, 12:03 PM

BUY LOW SELL HIGH

Veterans Day · 09-22-2004, 12:05 PM

Quote:

Originally posted by V_RocKs
What planet are you living on man?

If you spend all of your available money on real estate and the market drops out and you lose all of the equity that is being used as collateral for your investments, you will lose all of your investments because the lender will want the collateral.

what are ya talkin about man, MANY lenders do 100-105-110 and even 115% financing. You pay the note every month is all they care about, we been in the mtg biz for over a decade. Get a clue

European Lee · 09-22-2004, 12:17 PM

It would seem that the best time to buy real estate would be after you have spoken to Rochard ;)

Regards,

Lee

VeriSexy · 09-22-2004, 12:25 PM

Quote:

Originally posted by MattO
BUY LOW SELL HIGH

Stop saying that!!!

MattK · 09-22-2004, 12:55 PM

Quote:

Originally posted by V_RocKs
What planet are you living on man?

If you spend all of your available money on real estate and the market drops out and you lose all of the equity that is being used as collateral for your investments, you will lose all of your investments because the lender will want the collateral.

I know, I was being sarcastic

09-22-2004, 11:51 AM	#1
BradM Confirmed User Join Date: Dec 2003 Location: 1123,6536,5231 Posts: 3,397	When is the "right" time to buy real estate? When should you buy real estate? As soon as you can afford it, or as soon as you have say $X amount saved up. Obviously with houses you need a downpayment. Aside from that I mean when should you look at a purchase?

09-22-2004, 12:03 PM	#4
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	stay away from volatility markets like shithole california, that place is great for over inflation, FHA loans come real cheap at 3% down, or find many home builders letting you now do the grunt work such as landscaping and painting as your downpayment. BUY NOW BUY ALL THE TIME. We own 4 homes and its the best decision one can make as far as investments go. __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated

09-22-2004, 12:17 PM	#8
European Lee Confirmed User Join Date: Dec 2002 Location: Daytona Beach Posts: 7,133	It would seem that the best time to buy real estate would be after you have spoken to Rochard ;) Regards, Lee __________________ YOUR TRAFFIC IS SAFE WITH US - CONDOM CASH PUTTING THE GAY ADULT INDUSTRY ON YOUR PC!! AFFORDABLE 2257 COMPLIANT GAY + BI CONTENT

09-22-2004, 11:55 AM	#2
MattK Confirmed User Join Date: May 2002 Location: Las Vegas Posts: 492	just borrow as much money as you can and buy as many properties as you can afford, real estate always goes up at least 10% a year or more, it never goes down, ever.

09-22-2004, 12:03 PM	#6
MattO The O is for Oohhh Join Date: Feb 2003 Location: AUSTIN TEJAS Posts: 10,861	BUY LOW SELL HIGH