I have sold my rent house and need to reinvest the money. We did well with the rent house but I didn’t enjoy dealing with renters very much. Any suggestions out side the norm? I would really like to invest in land but I’m not sure I can get the returns I want.
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When I went through a real estate phase I bought shares of a REIT. It was a way to invest in real estate without the hassle and with liquidity. The one I was in invested primarily in apartment complexes in the South. I don't like having to do much work on investments. I like the set it and forget it approach. What is your risk tolerance and do you want to be hands on?
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Originally posted by thegrouse View PostWhen I went through a real estate phase I bought shares of a REIT. It was a way to invest in real estate without the hassle and with liquidity. The one I was in invested primarily in apartment complexes in the South. I don't like having to do much work on investments. I like the set it and forget it approach. What is your risk tolerance and do you want to be hands on?
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Such a loaded question. It all depends on many different factors.
Is this play money? Are you contributing to a retirement plan on a regular basis? Do you have an emergency fund? If you invest in land or real estate will you need the money on short notice because real estate is not liquid.
I have done financial planning for over 40 years. Shooting from the hip is not a good idea. Meet with someone who can look at your overall situation and give you practical advice - good luck to you
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Originally posted by Huntingfool View PostSuch a loaded question. It all depends on many different factors.
Is this play money? Are you contributing to a retirement plan on a regular basis? Do you have an emergency fund? If you invest in land or real estate will you need the money on short notice because real estate is not liquid.
I have done financial planning for over 40 years. Shooting from the hip is not a good idea. Meet with someone who can look at your overall situation and give you practical advice - good luck to you
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