What real estate investment makes sense?
By Joe Pryor, REALTOR® - Oklahoma Investment Properties
(The Virtual Real Estate Team)
I just sold my personal house for a profit. We can still do that in Oklahoma and I was sitting on plenty of equity. Now I want to put that money to work. For a moment let me pretend that the equity is yours and I am the Realtor you trust to invest it. My first question to you is, what is your tolerance for risk? Any time you put money into an investment there is risk. If someone tells you that an investment is a "no brainer", reinterpret that phase to really mean you lost your brain, and judgement. Those investments don't exist. If I told you that I could get you $3 million in homes for $300,000 are you intrigued with 10 cents on the dollar? Then I tell you that the homes are in Detroit where unemployment is above 20%, and it looks like GM and Chrysler are failing. Changes things, doesn...
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