There’s a whole investment world out there beyond the stock market called real estate. And at one time, you could hardly turn on the TV at 3am without seeing an infomercial from a guy — one of several — who could make you rich beyond imaging for no money down (except the $295 for his audio tapes, “normally a $795 value”).
Well, John T. Reed publishes a newsletter for folks who buy/run rental properties. He has had his good times and his bad times investing in real estate, and is quite candid about it all. Now, as faithful reader George Fescos pointed out to me (thanks, George), he has a web site on which you’ll find a list of every real estate guru you ever heard of, and many you haven’t, along with Reed’s comments: http://www.johntreed.com/Reedgururating.html.
For those who wonder, “what ever happened to?” or “could a deal like that really work?,” this page gives some answers. The word bankrupt appears in bold face several times.
John is not exactly all sweetness and light — in reading his newsletter from time to time I find myself wondering which he dislikes more, tenants or government. (Answer: lawyers!) But he is a straight shooter who admits his mistakes (the only mistake I’ll admit to ever having made was buying that stupid LaCie external hard drive; but I’m happy to tell you it’s now finally formatted for my PC and working brilliantly), and it’s kind of fun to see him rank his competition.
Quote of the Day
Total abstinence is so excellent a thing that it cannot be carried to too great an extent. In my passion for it I even carry it so far as to totally abstain from total abstinence itself.~Mark Twain
Request email delivery
- Jan 20:
- Jan 18:
More on the Conversation
- Jan 17:
Putin’s Sneak Attack: He’s Winning
- Jan 16:
But Mainly . . . There Is No Crisis
- Jan 15:
Alexandria Ocasio-Cortez: The Green New Deal
- Jan 14:
Elizabeth Warren: Not Who You Think
- Jan 11:
- Jan 10:
Two Sonnets And An Investment Strategy
- Jan 9:
- Jan 8:
“Be Kind And Be Useful”
- Jan 20: