![]() |
Foreclosure Forum |
|
Finally, here's some of the stuff you want..In Reply to: Haven't forgotten, really! posted by Ward-CA- on April 19, 2003 at 6:56 AM : : Hello Ward, : : I posted some questions awhile back but a lot of other people also posted and so my message went to the bottom of the page. So here they are again. : : 1. I often read as many books as possible on real estate investing because I am a neophyte investor and want to learn as much as possible. I turn to the L.A. Sunday Times where Robert Bruss reviews books but it seems that nowadays everybody and their brother is writing a book on the subject. If you had to make a top-ten-best-of-all-time list what would it be? : : 2. I am a member of Marshall Reddick's group and they invest in about 25 different states at this time. I also subscribe to various financial magazines (Kiplinger's, Smart Money, Money etc.). Since the stock market has been doing so terrible in the last couple of years they have been writing more and more articles on real estate. What is confusing to me is that one article will talk about a certain city or state saying that it is a great oppotunity for investing in. Later I will read another article in another magazine that will talk about the same place and how bad it would be to invest in this area. I also talk to various investors and always seem to get conflicting views on where to invest in. Some people will tell me that a certain area stinks and others will tell me that same area is great. Needless to say It leaves me confused as to who is really right. I would like to determine this no my own and learn to do my own "homework" so I don't have to rely on others. Is there anybody you know that teaches a class just on the aspect of how to study the economic factors (and which ones are most important in regards to real estate) of an area to determine which areas are ready to take off and which areas are flat or are about to take a dive in prices? Perhaps you know of a book on this subject? : : 3. You mentioned in an earlier post that you feel a "chill" coming on concerning the real estate market. Is that just for the wildly strong California market or the real estate market in general? What do you think of the Florida market? I plan on moving there in about 15 to 18 months. Prices have gone up quite a lot there and I wonder if they will level off or come down some =•=•=•=•=•=•=•=•=•=•=•= Vic, An explanation is in order. As you’re aware this board has received thousands of posts and thus there are thousands of replies. Somewhere in those thousands there’s a great reply to your post herein above. But try as I can, I can’t get to all of the past post/replies because of some broken links that prevent a simple search on key words through that mass of data. Until the search window is fixed I feel grounded. So I have taken the time to individually peruse most of those past thousands of posts trying to find what you want manually. Well it’s to no avail until the search function is restored. However, in the meantime I do have a growing list of book titles that’s better than nothing. #1. Some items on this list I’ve read and re-read and some I have not. And they’re not in any particular order, but I offer it as a temporary sop until I can pull up the real deal. Book Suggestions The Wealthy Barber by David Chilton (1998) : #2. Finding emerging, real estate growth areas is intriguing on one hand and yet not too useful on the other. I’m too conservative to ever want to buy rental property outside of my county. I’ve learned that, for the most part, property management means mismanagement. So knowing that the real estate market in Denver is poised for a take-off this year doesn’t help me here in San Diego. But it may be very helpful to someone living in Denver. What I think is more useful is the ability to read the signals of when to buy and sell here in San Diego! Books on real estate timing are few and far between. One timing book you should add to your home library is “Timing The Real Estate Market” by Robert M. Campbell (ISBN 0-9724418-0-8) available at www.realestatetiming.com. #3. I tend to feel that there are innumerable real estate markets bubbling or bobbling throughout the United States. Geographically, large states such as TX, CA, FL, etc. will have several different several real estate markets within their borders. My real estate intuitions are primarily focused on our local San Diego market and then secondarily on our Southern California market. So I don’t know anything particular about Florida or other states. There are some prognosticators of emerging real estate markets on the internet. I’ll cruise around and see if I can locate some of the better ones. Hope this helps.
Follow Ups: Post a Followup:
|
Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.
Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com
InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455