Quote:
Originally Posted by island911
"...position in secured RE that will eventually grow in value "
So, you want granny to invest (risk) in a long-term (risk-filled) pay-out?
From what I know of you, you are not the dishonest guy you sound like right there.
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Buying non-inflation protected 30 year treasury bonds is risky, but lots of folks do it. The primary difference is that I don't have access to a printing press.
I see what you guys are saying. My perceptions are unrealistic. I know real estate inside and out. I'd rather have MY money in something I control, generating a stable return. That's me. Conversely, I'm expecting granny, who knows nothing about real estate to buy into my idea. I can see where she needs a high return, and all I can say is good luck to that. I'd buy a property for $95k, invest another $5k and 3 weeks worth of labor. That property would show a cap rate/return of around 11%. Then, I'm supposed to not only invest $30k of my own money, but also pay granny 8-12% for her money. I can quickly see I am not investing, but working for someone else.
Oh, well, back to the drawing board.
