All Forum Posts by: Clinton Fisher

Originally posted by @Craig Jeppesen:

@Clinton Fisher bring on the 40% decline. That is when you make money. Have you ever heard of dollar cost averaging and not timing the market ? It seems you are doing both backwards. I am a long term investor and don’t care about recessions or prices going down more. I buy every two weeks and will until I die. The same goes for real estate, but I don’t care about prices until I sell which I won’t for a long time and when I do  I won’t be selling everything at once but have a long term strategy for that as well. Fear is what is causing the sell offs and volatility and that is when wealth transfers from those that are scared to savy investors.

 Sure I've heard about dollar cost averaging and if you're in your twenties or thirties that might be a very viable way to invest in the stock market, but I'm in my later years and I'm not going to have the time to average a big-*** decline that's coming in the next year or two. many people just entering the market for the first time would be wisest to sit on the sidelines it's always at the peak of a market where the newbies get creamed.

My treasuries have outperformed the s&p 500 in this past year and there's a lot of big investors like Warren Buffett are sitting on the sidelines with loads of cash. But then I guess he can't time the market either he just knows that deals that meet his criteria are few and far between. 

@Thomas Breedlove Depending upon your unique circumstances, you might want to try making a roofer a partner on the project.

@Rachel Graves That was my thought, two agents working for the same broker and not telling you that.

@Candace Ellison It's a shame you're not in Washington state, we can pay a deputy $50 to go out and serve paperwork. Not too many people are willing to play around with an armed guy in uniform out there.

@Craig Jeppesen During the last two recessions stocks lost 50% of their peak values. The average over most recessions has been about 40%. The prices may be down now, but there's a lot further left to go. I'd advise buying well valued stocks now and holding out for another year possibly longer for the real fire sale. I have seen zero indication of a Powell put, unlike Bernanke, Greenspan and Yellen who all felt that the Federal reserve should be the stock market hero. I wouldn't count on Powell following suit, this may be a case were age has the wisdom of having seen a little bit more over youth.

Why not tie up the land with a lease option that allows you to build and then get a loan after you've got your first complex up?

@Francisco Gomez If the property is in Nevada it's a community property State and the wife owns half the property regardless of whether her name is on the deed or not. Be careful you might be committing fraud if you go through with the deal.

@Frank Boet Here's a question for you. What happens if all the older baby boomers that have been so aggressively buying real estate investment trusts decide to buy real estate instead? They might just get a little jittery in the stock market, pull out and start competing with you!

I guess they never learn in Seattle. I recall a case about 20 years ago when tenants invited the city in with complaints about rats and the city fined the landlord. The landlord went all the way to the state supreme Court and won, the court agreed that it was unlawful to search the landlord's property without his consent, even though he didn't live there.

@Cassie Chun if your local planning department has already admitted they may have lost the permit after a hurricane, I'd go ahead with the deal. Make them prove that they didn't lose a permit. In most areas the burden of proof is on the state not the individual.