贵金属投资技术分析英文版 （6 4）.ppt

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1、RealEstateandOtherInvestmentAlternativesLECTUREIfyouhavetheolder(bigger,hardback)book,thismaterialisfromchapter17.DirectAstheinvestor,youholdthetitletothepropertyYourhomeasaninvestmentAmajorassetofmosthouseholdsTaxadvantagesPossiblehedgeagainstinfla

2、tionAhomeproducesanafter-inflationreturnofabout2.5percentayear(SanDiego?)Butitisahomefirst,aninvestmentsecondInmyhumbleopinion…RealEstateInvestmentsTypesExamplesofDirectRealEstateInvestmentsVacationhomeTaxadvantagesdependoniftheIRSviewsitasrentalpro

3、pertyRentalpropertyWholecourseuntoitself!(Morelater)UndevelopedlandCanbetremendousgainsbutthistypeofinvestmentposesenormousrisksAllthemoneyisridingonasingleparceloflandPlusthereisnocashflowandyoustillhavetopaythepropertytaxesAndthereisoftennoguarante

4、ethatyouwillbeabletodevelopthelandRealEstateInvestmentsTypesIndirectRealestatesyndicatesorlimitedpartnershipsRealEstateInvestmentTrustsREITsarekinda’likeclosed-endrealestatemutualfundsInvestinginfirst,second,etc.mortgagesEquitySharingYouputupthedown

5、paymentforsomeoneelseandthenshareintheappreciationInvestinginCommercialPropertyMostcommoninvestmentofthistypeisaduplexorsmallapartmentbuildingAlsoincludeshotels,officebuildings,stores,andmanyothertypesofcommercialestablishmentsLookforincometobegreate

6、rthanexpenses“Duh!Goodadvice,guys!”ButdonotbesurprisedifyouarelookingatnegativecashflowforseveralyearsRuleofThumb:Price=7to10timesRentInSanDiego?Ha!Ha!Ha!Ha!Ha!Again,IthinktheSouthBayiswherethebargainsareifyouaresoinclinedInvestingin“Fixer-Uppers”Con

7、centrateonsmallerpropertiesfirstTwotofourunitsandliveinoneofthemLookforlowdownpaymentsandsellerfinancingofrundownpropertiesBanksusuallydonotwanttoloantodistressedproperties,however…BanksarealltoohappytofinancearundownforeclosureontheirbooksStayawayfr

8、ompropertymanagersNobodycaresaboutyourpropertyasmuchasyoudo(buttherearealwaysexceptions)Investingin“Fixer-Uppers”MostImportantly,Areyousavvydealingwithrepairs?…and…Areyousavvydealingwithrenters?FixingatenantisjustasimportantasfixingatoiletOnebadtenan