贵金属投资技术分析英文版 （6 4）.pptVIP

Real Estate Investments Types ?Direct As the investor, you hold the title to the property Your home as an investment A major asset of most households Tax advantages Possible hedge against inflation A home produces an after-inflation return of about 2.5 percent a year (San Diego?) But it is a home first, an investment second In my humble opinion… Examples of Direct Real Estate Investments Vacation home Tax advantages depend on if the IRS views it as rental property Rental property Whole course unto itself! (More later) Undeveloped land Can be tremendous gains but this type of investment poses enormous risks All the money is riding on a single parcel of land Plus there is no cash flow and you still have to pay the property taxes And there is often no guarantee that you will be able to develop the land Real Estate Investments Types ?Indirect Real estate syndicates or limited partnerships Real Estate Investment Trusts REITs are kinda’ like closed-end real estate mutual funds Investing in first, second, etc. mortgages Equity Sharing You put up the down payment for someone else and then share in the appreciation Investing in Commercial Property Most common investment of this type is a duplex or small apartment building Also includes hotels, office buildings, stores, and many other types of commercial establishments Look for income to be greater than expenses “Duh! Good advice, guys!” But do not be surprised if you are looking at negative cash flow for several years Rule of Thumb: Price = 7 to 10 times Rent In San Diego? Ha! Ha! Ha! Ha! Ha! Again, I think the South Bay is where the bargains are if you are so inclined Investing in “Fixer-Uppers” Concentrate on smaller properties first Two to four units and live in one of them Look for low down payments and seller financing of rundown properties Banks usually do not want to loan to distressed properties, however… Banks are all too happy to finance a rundown foreclosure on their books Stay away from property manage