Comments on: Advice from a successful real estate investor

By: Phil Hoover

Phil Hoover — Thu, 30 Nov 2006 15:06:56 +0000

You should realize by now that I’m just a lil warped, Galen

Galen — Thu, 30 Nov 2006 05:51:38 +0000

Phil, are you sure that is real estate advice?

Thu, 30 Nov 2006 02:38:53 +0000

[...] Advice from a successful real estate investor (hat tip: RCG) [...]

Phil Hoover — Thu, 30 Nov 2006 01:07:15 +0000

Well, there’s always that old standby real estate advice:
“Get a lot while you’re young!”.
(sorry, just couldn’t help myself Galen

Galen — Thu, 30 Nov 2006 00:57:43 +0000

Thanks buygold. I think 5 or 6 well below the historical average – try 8 or 9. http://www.bdo.com/about/publications/industry/re_fall03/

buygold — Wed, 29 Nov 2006 16:22:10 +0000

You’re correct Galen. It would be nearly impossible to buy anything within 50 miles of here for better than a 5 or 6 CAP rate.

At some point that advice would be totally warranted.