One Million Dollars: food for thought

[finch63tsi]

i think the best thing is to do is invest in real estate lots and lots of it. then just sit back work a little and get $$$ every month from it.

[Kracka]

Real estate isn't quite that easy. Like any other market, you can make huge returns, but you can also take huge losses. Is real estate in that certain area growing faster than what the non-homesteaded tax rate will be? What sort of costs are involved in capital improvements to the house in order to sell it for a higher price? The list goes on. "Don't put all your eggs in one basket." I would deffinately have certain real-estate in a large portfolio while being sure not to over-invest. One more thing, real estate prices in many urban and lake-front areas is overvalued right now and will probably drop or at least slow within the next few years.

[dylan]

Rental real estate is the way to go. I will be getting my real estate license within the next month and if I come across a huge chunk of money I will be investing in real estate. Real estate is a much better investment than say a DSM or a couple 4 wheelers or just about anything else. You just have to know what you are doing.

[1Fst14B]

anybody ever think about retiring overseas?
1 million in say, south america, or africa would do alot....

Adam