Quote from: ranochigo on Today at 04:04:16 AM

That sounds like a lot of middleman fees ain't it. Have you tried out real estate investments yourself?

kind of but not as an active investor just as a passive one where i handed over some money and trusted someone to manage the investment for me. that didn't work out though as far as me receiving a return.

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Larry, could you share how easy and practical is it for you to invest in real estate? Of course, include upfront capital costs, upkeep, bookkeeping expenses, taxes, etc.

for me, not practical. for someone else maybe it's practical but they are going to have to work their butt off most likely. take an active role in doing everything unless they can find a cheap property manager. and tax professional to handle all the tax return paperwork which i would have no interest in doing... Shocked

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From what I'm hearing now is that it all seems to be a rather complicated process for very little gain. I would appreciate a little bit more clarity on this regard, not just hypothetical scenarios.

ok it is a complicate process. and if it's just one property then it probably wont make you much. if a tenant moves out and you have a mortgage to pay, you might be having to come out of pocket so you don't end up at the tax sale. i think the only people that make money in real estate is people who own alot of properties like 10 or more.

none of that is for me i now know. if i had 100k i would put it into an annuity paying 5% per year or something like that. guaranteed income. then take that $5000 per year which is $480 per month and use it for whatever i wanted to. maybe buy a little bitcoin here and there. i'm pretty risk averse as you can see based on my past experiences...

thanks for the questions and responses. i appreciate them all.