Quote:
Originally posted by sebastian_dangerfield
FWIW, this is what I've seen:
Guys who flip land do well with least annoyance, but its tricky, because you need to cover carrying costs with no cash flow from the property.
Guys who put up cheap boxes (Wal Marts, drug store chains - nice, fat long term leases) do well. A Rite Aid can be a fucking sweet cash machine.
Mini mall guys have problems (shit tenants, lousy leases).
Residential development is a pain unless you're just flipping lots. Don't get into building homes. That shit can become a nightmare.
YMMV
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I have a line on the first, cheap property that for a variety of specific reasons will appreciate well beyond the market for the next 5 years no matter what I do.
I have a sort of line on a combo of 2-3. Awesome commercial property. Next door to recently rehabbed commercial district that is now trendy. This is the next block that will go but it is still priced with a premium to be realized.
I have considered residential on the first cheap property, but I could always hold and just make 20% a year on my money.
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