I am still waiting on hearing what Allan’s definition of real estate investing is though…[/quote]
Jumby: Wait a minute. You own “top ranked RE investment sites”, and have hundreds of deals passing across your desk, but you’re waiting to get my take on real estate investing?
Uh, is it just me, or does that not seem to make any sense at all?
As I stated in my earlier posts, my approach is simple and driven by the Balance Sheet, not the P&L. Think Graham’s Theorem versus Carlton Sheets. I don’t consider residential RE an investment, as I think a house is just somewhere you live and, historically speaking, housing barely outpaces inflation.
As far as CRE goes: I have a passing familiarity with it, having worked the institutional side before, but my investing knowledge and strength is on the corporate side, specifically bonds.
There are some solid investment hands on this board (like Davelj), but most of the “advice” comes from traders and speculators and is either momentum driven or herd following and thus not worth the time it takes to read it.
