Buying real estate with lottery winning

Reply #14

MeFirstYouLast — Sat, 24 May 2008 01:14:27 GMT

Just my opinion here, but to me, anyway, part of the dream of hitting a jackpot is having enough money to always be able to do what you want to do when you want to do it.

This is exactly how I feel. I have reached the senior age status. Putting away money for the next 100 years is no where on my goals. I want to enjoy the luxury of life as soon as I win. I also don't need a hundred million for myself. Let the kiddo claim the ticket, however she wants, and gimmie the amount agreed upon. The pu... [ More ]

Reply #13

Coin Toss — Fri, 23 May 2008 22:25:14 GMT

Just my opinion here, but to me, anyway, part of the dream of hitting a jackpot is having enough money to always be able to do what you want to do when you want to do it.

Whatever the endeavor, doing anything that you would be married to that doesn't allow you to be away from it when you ant to be doesn't quite provide one with true independence.

Nothing wrong with wanting to be an altruist, but I really think any jackpot winner who doesn't do something like that completely anonymously is... [ More ]

Reply #12

MeFirstYouLast — Fri, 23 May 2008 21:08:00 GMT

George Clooney's hypociry is important. He is using his wealth and popularity to advocate a change in the life style of the world, and is not private. Privacy is when he keeps his mouth shut and some one invades his space. When you put a spotlight on yourself and try to influence the goofy, privacy no longer applies. He opened his mouth, now he is air game. When you type and entry on this site, you are agreeing to receive responses. You have no special right to say something and have the world k... [ More ]

Reply #11

TheGameGrl — Fri, 23 May 2008 03:52:30 GMT

By land , not buildings. Land will eventually go up in value whereas properties fluctuate with the economy. Its a shot in the dark philospohy on multi tenant properties. There is insurance, overhead cost, and taxes.

As for the idea of shelters, teach a man how to fish and he fishes for life, put him in a bungalow and he cant fish. I am all about helping folks get a fresh start, but I dont beleive that includes being their caretaker or not giving them the due respect of doing for themselves. H... [ More ]

Reply #10

psykomo — Thu, 22 May 2008 23:44:45 GMT

congrat'ssssss.......but, it take's about 30 YEAR's

on averagage to make a REAL PROFIT on RE .......BUTT if U get in A

big HURRY (BY) 2038 ................... CA$H-IT-OUT $$$$

write a B@@K and retire$$$$$

LOL

PSYKOMO

Reply #9

ambelamba — Thu, 22 May 2008 23:34:43 GMT

Investing in REIT can be a good idea. I wouldn't put all the money in REIT, though. I still want to have my own real property.

*EDIT*

No, these days are certainly not the good time to invest in REITs. REITs are losing money this year.

Reply #8

EZMoney — Thu, 22 May 2008 22:38:34 GMT

Find me a REIT that will guarantee me to double my money in 10 years. Oh, hey, thats right you cant. Real Estate has always been a good bet, especially now.

Reply #7

psykomo — Thu, 22 May 2008 21:57:11 GMT

ea ta U ambelamba:

R U a SPAMMER too?

LOL

PSYKOMO

Reply #6

psykomo — Thu, 22 May 2008 21:40:37 GMT

ULAST :

Why do U have to B so negative ??????????/??? but, yes there is

alway's a BUTT out DARE somewhere PSYKO respect's U!

BUTT, ........... YouLast may not be qualified to comment on RE ??

You seem to have ..........answer's ??.........BUT, no solution's !

TRANSLATION:

The Lottery Post is full of $UCCE$$FULL real estate investment deal

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$'s!

DO the REARSEARCH !

LOL

PSYKOMO

Reply #5

MeFirstYouLast — Thu, 22 May 2008 17:49:04 GMT

You big problem is that you do not have the ultimate Liberal ego. They cannot survive without the being adored by the masses. How else can you tell people how to live, then do everything to contradic that imagine? drive a small ec-car around town and be glorified. Then drive that car to a private airport and get on your private jet and fly around the world week after week. That is exactly what George Clooney does. I don't begrudge him a penny of his wealth, or the way he spends t. I wish I could... [ More ]

Reply #4

savagegoose — Thu, 22 May 2008 17:22:36 GMT

nice plan, sounds like you have it all figured out. now just to win the jackpot hehe.

Reply #3

lottocalgal — Thu, 22 May 2008 14:32:07 GMT

Hear, hear, MFYL, I'm with you.

Now that's the thing I like hearing about. I would do it anonymously, but happiness for me would be winning enough to retire on and doing something for others less fortunate, someone that really needs help. (and no, not these organized charities ) For me, if I won enough to really live one say 15, 20 million, I would have no problem helping others with it like shelters. I look at someone like Brad Duke who won what, 85 millon and now wants to get to 1 billio... [ More ]

Reply #2

MeFirstYouLast — Thu, 22 May 2008 13:45:26 GMT

It could be a great tax write off. Buy a block of houses and set them up as shelters for abused wifes, or some other group. Then you can get you name in the paper as being a great and generous person, and it costs you nothing. Alla Hollywood! Isn't America great

Reply #1

Coin Toss — Thu, 22 May 2008 06:36:37 GMT

For the kind of score a jackpot would provde why mess with real property (other than some nice digs to live in), and upkeep, and maintainence, etc...just invest in REITs instead (Real Estate Invesntment Trusts).

Buying real estate with lottery winning

ambelamba — Thu, 22 May 2008 05:51:44 GMT

Sorry for posting a similar posting again. But no one seemed to have come up with this.

Why do I hear so little about lottery winners investing in real estate, especially income-generating commerical properties?

Investing in some income-generating property is the way to go for winners with medium-size winnings. Say I won 17 millions as the net. I'd put 11~13 millions for a multi-tenant property. I am a Korean. Most Koreans with a lot of money tend to invest in this way. Koreans, especial... [ More ]