Investing 102

[Vince@Meanstreets]

Originally Posted by GregWeld

It's these kinds of tales that keep me out of the individual unit investments.... I invest in large apartment LLC's that are professionally managed -- get really nice returns (7 and 8% annual cash interest) ... upside cap, if any when they're sold... income tax depreciation.... and no phone calls about someone's toilet plugged up!

That's where investing into an organized property maintenance company would come into play.

With proposition 19 in play back in 2010 your other reference would have been a great move but you would have to keep it low key. I was planning a nice 10,000 sq ft green house where we would cultivate "artichokes" and sell to whole sale sellers. Since 19 failed I will not risk the move. I love my guns too much on that risk. I haven't been a user since the 80's but I think it could have been a good cash crop.

Since we are on a commercial flow, what would you do with 12 acers of high desert just out side of Lancaster? 5 miles from hwy 395 and hwy 15?

Mini-mall? Retail coops? Self Storage complex?