It seems there are questions about my purchase. I thought short of telling you the exact location and price, I gave you enough information. At any rate that is all I’m giving you about my purchase.
If you don’t believe me that’s okay. I guess I understand.
It does appear though that our analysis is different since I was a cash buyer and many here are doing analysis based on borrowing.
As I said, I looked upon this as a very good opportunity. I am certain others in my position will also and will also step in when they perceive the time is right.
Could it get better?
Certainly, but as someone not there everyday and with cash I need to put my cash to use, getting over 4.5% return with long term growth potential seems pretty good. Of course, you do have to have a renter for this to work.
There appears to be some here with much RE experience and finanacial expertise. I was just asking what other investments would those here look at instead.
I can tell you a little about myself.
I’m already in stocks. I’m a reasonably disciplined daily trader in the stock market and have been since 1983. I was a partner in two successful small trading firms. I also manage my own retirement portfolio.
I have cash in a number of different financial instruments from CDs and MMs, to Bonds and Treasuries.
