2 ms·
Real estate has been my best investment sector to date. I bought 33 acres of raw land in rural NC in 1997 and sold it 7 years later for twice what I paid for
by uslic001 10y ago
Real estate has been my best investment sector to date. I bought 33 acres of raw land in rural NC in 1997 and sold it 7 years later for twice what I paid for it. I rolled that money over into another piece of land so the profits would not be taxed and sold it in 2007 for twice what I paid for it. I was heavily into REIT's for a time when I was getting 20% returns for 4 straight years and sold before they tanked. Given all the crashes since 1997 in the stock market my brokerage account has not done nearly as well as my real estate investments. The problem is the right pieces of property are few and far between so they are much harder to find. Timing of when to get into and out of REIT's is also very tricky. I don't have the skills to be a landlord. My personal house has not done nearly as well in regards to appreciation. My business real estate has also not done nearly as well in appreciation. So over all I find it best to be diversified in my investments. It is never good to have too many eggs in one basket.