Real estate. Look at undeveloped land on the fringe of whatever metro area you are near. Look at a rental(s) if you want to be a landlord, but I really don't recommend that if you have no experience with it. The main reason I would look at rentals right now is because the insanely low interest rates will allow you to leverage, but again this is a bit risky and being a landlord sucks for the most part. Undeveloped land is the best, but provides no income, and you might have to wait a boom/bust cycle or two to make a good profit. Or you develop it (This is what I do). Worst case scenario with raw land, providing you buy cash and don't leverage, you have a place to live. A lot depends on your skills and desires. The rest of your ideas: Gambling. Might as well go to Vegas and booze it up and lose it all right away.
Edit: I meant to add Gold/Silver in there. Physical only, and only a portion. And- don't do that because you think you will make a profit. And it provides no income. That is just a hedge, and probably the best inflation correcting one around.
You are correct. The reason real estate is so insane now is due to (((hedge funds))) doing exactly what you described. They drive the prices out of sight because capital is so cheap. It sucks being a landlord, but that is the best way to generate income right now. Few can afford to buy homes now. If you can, do it.
Consider the risk of the government using rent control though. It sucks having a fascist regime in power.
Yep. And, if one is interested in rentals, the shittiest ones that you are sure you can keep full are simply the best income generators. Trailers even, depending on the area. The downside to that though is that you have to deal with "Low Rent" people, and that is the worst part of being a landlord. The ones we have right now are pretty good. Lower end retirement/resort type of area, so our renters tend to be either fixed income retirees or snowbirds who want to live cheap. By cheap, the "cheap" rent here is probably 4x the mortgage on a rustbelt home.
Two tricks for better tenants:
Price your rental a bit below market. It will make your tenants stay unless they really have to go.
Make up a reason to visit prospective tenants in their current digs. This will tell you how they treat the place they live.
What’s wrong with “low rent” people? How is anyone supposed to save up money for a house or an emergency if they’re paying sky high rents?
The suggestion of rent seeking being difficult due to fascism is literally why I'm NatSoc.
Your post is fractally self-similar to the entirety of the issue. Thanks Fren!
Tax is outrageous where i live to discourage companies from doing this. I know you.can stick some cows on the land and call it agricultural land to decrease the tax burden but i'm not that experienced with real estate and will probably get arrested for tax fraud lmao. I'm afraid i don't know construction or land development work professionally so i don't think thatss a viable option for me.
You.might call me autistic but i have been considering investing in land outside of the us with up and coming economies and stable governments. But idk how viable that is with management and tax laws as well.
Thanks for your response.
Putting your money in some unknown- especially outside of the US, sounds like suicide. I would opt for the drunken Vegas binge before you do that. If you are really unsure, park it it precious metal and put your mind to work trying to figure out something (relatively) safe that will get you ahead/provide income. No need to rush into something.
I'm in the very early research stage for that. And i take my financial decisions nice and slow. Im not the type to just yolo my money into some african shithole.
Just wanted to get a feel on how others would manage the funds if they were in my position.
Moving money into assets outside the country isn't the worst idea until you remember that so long as you're a US citizen, you need to declare it and pay taxes on it. IRS has long arms until you hand in your passport.
I agree about the land, but not being a landlord. The chance to rent to niggers is way too high. You can also get some leftist activist that refuses to pay rent and squat on the property. It’s just not worth the hassle. Open land will only go up in value for the most part.
I clearly stated that being a landlord sucks, and yet you read it as a high recommendation to be a landlord? Mind boggling.
And- for what it's worth: Where I am nigras are just an unproven myth, and yet I still said that being a landlord sucks and I don't recommend it.
I have relatives that rented, pretty much everyone in my family did at some point and they are all glad to be out of it. Never had a nig tenant either, that's a given for trouble. Due to covid the tenants could literally have said fuck off when it comes to paying rent, luckly that didn't happen. But the stress of being in that situation...
Now is an amazing time to sell those properties too, what people are paying is mind-boggling.
I'm 37 no land development experience or real estate exp, what's the best way to begin learning about it?
Read what you can I guess. But the way I learned was simply to buy a piece of land and start building. I have myriad building skills though. That being said, the Gubment restrictions on what you can do with "your" property have changed a lot since then. It's getting pretty bad. My current project (several lots in an old not yet hipsterized mining town) is moving along like tar in a snowstorm. I bought them one by one (A central key one was not for sale and had to track down the owner and make a cold call offer) and now own a nice sized piece though, and could probably sell them all off as one and double my money. A high roller real estate agent friend of mine just called me a week or so ago saying he had someone who would probably do just that, but I really want to put my plans in motion. We'll see. I may just take the profit.
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