Landlord-real estate: Buildings vs. Land
HEY EVERYONE. I HAVE BEEN IN REAL ESTATE, FINANCE & BANKING SINCE 1974! WHEN THE LOS ANGELES RODNEY KING RIOTS HAPPENED, 1992, MY GUNS KEPT MY PROPERTIES FROM DAMAGE. San Bernardino, West Los Angeles, Los Angeles, Oceanside, Fontana, Huntington Beach, Anaheim, Garden Grove, etc. Since the 1990s, I sold my buildings due to low returns, 10-20% per year and switched to land & development. Yields went up to 30-99% plus IRR. No more rotten people or corporations. No more Apartments, Retail, Shopping Centers, Industrial, Office, Storage, or Medical buildings. People stress out the landlords and always try to "weasel" out of rent, CAM aka common area maintenance or sue you! Land gave me big $$$$$$$ profits and with the FREE TIME & MONEY, I Filled 5 passport books going around the world 4 times searching for better investments. The best is in USA and your back yard! Always buy Low in a Recession! :tongueout:
This is happening now, with the Obama :crying: Recession and landlords are being squeezed by the lenders and tenants. Me? I bought 9000 acres in the 1990s and sold 8000 acres in the hot market from 2000 to 2008. Wooo hooo. Now I'm buying back that same vacant land in California for pennies on the dollar. Bought 5000 acres in the last 26 months.... You guys should buy vacant land for about $300 per acre or less in your states, and wait till the market turns hot! When it does, sell sell sell!:rofl:
You guys should
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