In the next 5-10 years, no sensible people are looking for serious price appreciation in real estate. The goal is to get properties cheap now, hunker down, focus on cash flow, and be in a good position to capture future gains. Of course, if you think, like a few people here, that US is going down to dismal, then all bets are off.
The good thing about real estate is that, first, it generates considerable income; second, it is very tax effective. For example, I am getting $2K positive cash flow each month per property on average, yet when the tax day comes, I am paying less than 5% on the income with all the depreciation and mileage deduction etc...
It is true that I am also a bull on gold, but I don't think gold is such a long-term investment. I have to keep a watchful eye on gold in case it tops. When it tops, gold will drop faster than Niagra fall. Gold doesn't generate income, and it has no tax benefit either.
The good thing about real estate is that, first, it generates considerable income; second, it is very tax effective. For example, I am getting $2K positive cash flow each month per property on average, yet when the tax day comes, I am paying less than 5% on the income with all the depreciation and mileage deduction etc...
It is true that I am also a bull on gold, but I don't think gold is such a long-term investment. I have to keep a watchful eye on gold in case it tops. When it tops, gold will drop faster than Niagra fall. Gold doesn't generate income, and it has no tax benefit either.
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