Hypothetical Monetary Question
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Joined: Apr 2002
Posts: 2,535
From: VA
Originally Posted by phinsup' date='Jan 7 2005, 08:28 PM
Yea my bro in law has two places in Middleburg. One is a townhouse and he paid more then 200k.
Actually, because of its proximity to the Northern Virginia/DC area and the fact that its a quaint old town smack in the middle of some very nice horse farms owned by movie stars and other rich folks, Middleburg, Virginia probably is one of the highest priced markets in the state.
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Joined: May 2002
Posts: 22,465
From: California
Originally Posted by 1988RedT2' date='Jan 7 2005, 05:15 PM
And, BTW, there is no such thing as a "Financial Adviser". They are all ******* salesmen, and all they want is your money. I have seen some wealthy people get absolutely fucked by "Investment Counselors". I worked with a "full service broker" for a while back when I first started investing, and I learned in a hurry what they were all about. If you choose to invest in stocks, and you should, just do a little homework and do it yourself.
thats what my dad does, he's been making money (for his clients) every quarter for the last 2 years. in fact last quarter was his biggest ever. in 20+ years
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Joined: Dec 2001
Posts: 2,934
From: Jensen Beach, FL / Sylva, NC
If someone handed me 200K I would pass out.
What to do?? With the real estate in Florida doing what it is doing? I would go over to the west coast of Florida and buy up about 150K in vacant land and sit on it for about 3-5 years then unload. That 150K should be over 500K if you picked the right town at the right time.
Picking the right town at the right time would be the trick part and would take a LOT of research and road trips to decide properly.
I would bank avbout 20K and play with the other 30K in the stock market.
Once I had the 500K in hand I would explore developing a subdivision. Where and when would be my next bridge to cross.
What to do?? With the real estate in Florida doing what it is doing? I would go over to the west coast of Florida and buy up about 150K in vacant land and sit on it for about 3-5 years then unload. That 150K should be over 500K if you picked the right town at the right time.
Picking the right town at the right time would be the trick part and would take a LOT of research and road trips to decide properly.
I would bank avbout 20K and play with the other 30K in the stock market.
Once I had the 500K in hand I would explore developing a subdivision. Where and when would be my next bridge to cross.
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Joined: Jan 2003
Posts: 983
From: redondo beach
Originally Posted by Seppuku' date='Jan 8 2005, 08:27 PM
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Joined: Dec 2001
Posts: 2,934
From: Jensen Beach, FL / Sylva, NC
Originally Posted by Eric Happy Meal' date='Jan 8 2005, 11:15 PM
id either buy lots o land, then sell it later when its more valuable, then buy more. or start a business of some sort.
The house I just bought for my office was purchased by the previous owner 3 years earlier. He paid 90K for it and then 3 years later I pad 186K for it.
A lot in Port St. Lucie 3 years ago could be purchased for 5K-10K now you cannot buy one for less than 60K...... 3 years!! 150K invested would get you 900K.
Word is that on the west coast of Florida South of Tampa this is about to happen if it isn't already happening.