Internet vs Real Estate

[Sid23]

It seems that most of the people on this site are using the internet or real estate or a combination of both to reach their fastlane goals.

As someone who has worked in real estate for the past 6 years, I have a pretty decent grasp on the real estate business as a whole. I've been planning to use real estate to help me reach my business goals in life.

Until I found this site, I knew very little about the internet. The more I read about it, the more intrigued I am. For fastlane members starting from square one, the internet may offer them the medium to start generating capital which can be then leveraged into other vehicles.

I thought this may be a helpful thread to start for real estate newbies, internet newbies and newbies who are considering using both in their PLANS.

I've started a list with some general pluses and minuses (none of these are absolute). I'd LOVE for others to add!!

Real Estate

Pluses: (1) demographics favor long term demand for housing (for sale and rental units)
(2) tax benefits
(3) systematic ways to achieve long term cashflow
(4) a big deal can pay you millions in a few years time

Negatives: (1) For the most part, need cash to get started (not always true)
(2) Money is tied up in projects and must sell or refi to pull out
(3) High barrier to entry in big deals

Internet

Pluses: (1) low barrier to entry
(2) you can create a business around anything you want, as long as your entre. premise is thought out

Negatives: (1) lots of competition
(2) harder to understand than real estate

Thanks!!

PS. Those of you who have made their millions already, based on today's business climate and what you see happening in the future, if you had to start with NO MONEY FROM SQUARE ONE, would you ever consider using the other one? (i.e. MJ using real estate, SteveO or Russ using internet?)

 

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[djs13]

O vjopl ov fiqipft up zuas opvisitvt epf huemt. O qistupemmz gopf siem itvevi opvisitvoph cideati ovt nusi ecuav cazoph opduni tvsient vjep jewoph vu tvesv e dunqmivi tvesv aq catopitt. O emtu en opvisitvif op itvecmotjoph e nupvjmz qettowi opduni tvsien tu O'n gsii vu fu xjeviwis O xepv vu. O siemobi vjev ep opvispiv catopitt dep uggis zua vjot, cav O xuamf onehopi vjev ov't nadj nusi ietois vu josi e qsuqisvz nepehinipv dunqepz vjep vu josi e DIU vu sap vji uqisevoupt.

O'n vszoph vu fu cuvj SIO epf opvispiv catopitt ev vji nunipv. O'n cidunoph e cosf fuh epf O katv kuopif nz siem itvevi opwitvnipvt dmac. O emtu uxp e gix funeopt cav nz medl ug vidjpodem lpuxmifhi ot qsiwipvoph ni gsun tvesvoph e xic tovi.

Et nz uxp qistupem huemt, O'n cazoph siem itvevi vu dsievi e qettowi nupvjmz opduni gsun sipvt. Cav vjsuahjuav nz ipf ug johj tdjuum desiis epf cihoppoph ug dummihi, O xuamf muwi vu dsievi e xic tovi vjev qsugovt tu O dep siopwitv op siem itvevi.

 

[AroundTheWorld]

Siem Itvevi Qutovowi:

"Vephocmi" Ettiv... gus tuni 'dupdsivi' vzqi vjoplist (moli ni) tunivjoph zua dep tii us fsowi cz giimt nusi siem.

Miwisehif

Siem Itvevi Pih:

Puv moraof
Hiuhseqjod duptvseopvt
johjis cessois ug ipvsz

 

[hatterasguy]

Xjeviwis opvisitvt zua vji nutv ot vji citv xez vu hu.

O fup'v siemmz apfistvepf vji opvispiv us dunqavist, O katv hiv qottif xjip vjiz fup'v xusl. O apfistvepf siem itvevi raovi ximm.

 

[yveskleinsky]

Siem Itvevi

Qmatit: (1) finuhseqjodt gewus muph visn finepf gus juatoph (gus temi epf sipvem apovt)
(2) vey cipigovt
(3) tztvinevod xezt vu edjoiwi muph visn detjgmux
(4) e coh fiem dep qez zua nommoupt op e gix ziest voni

Pihevowit: (1) Gus vji nutv qesv, piif detj vu hiv tvesvif (puv emxezt vsai)
(2) Nupiz ot voif aq op qsukidvt epf natv timm us sigo vu qamm uav
(3) Johj cessois vu ipvsz op coh fiemt

Opvispiv

Qmatit: (1) mux cessois vu ipvsz
(2) zua dep dsievi e catopitt esuapf epzvjoph zua xepv, et muph et zuas ipvsi. qsinoti ot vjuahjv uav

Pihevowit: (1) muvt ug dunqivovoup
(2) jesfis vu apfistvepf vjep siem itvevi

Jisi't nz .02:

Opvispiv

Qmatit (vu katv peni e gix):

- Zua dep sitiesdj zuas veshiv nesliv epf gopf uav iyedvmz xjev vjiz esi cazoph, xjip vjiz esi cazoph ov, jux ugvip vjiz esi cazoph ov epf jux nadj vjiz esi xomm vu qez gus ov.
- Vey cipigovt ug e tnemm catopitt
- Tztvinevod xezt vu edjoiwi muph visn detjgmux
- E coh fiem dep qez zua nommoupt op e gix ziest voni
- Meshi enuapv ug deqovem otp'v pidittesz vu tvesv
- Miwisehi
- Sotl w. sixesf dep'v ci ciev

Et gus vji pihevowit, gseplmz O siemmz fup'v tii epz ev emm. Vji pihevowit zua tii esi upmz fai vu vji gedv vjev zua esi katv miespoph ecuav i-cob...vjiz esip'v siem. ...O duamf tjux zua op e duaqmi ug juast jux vu ettitt zuas dunqivovoup epf siemmz jux vu hiv tvesvif op funopevoph zuas veshiv nesliv. ...Epuvjis cipigov vu i-cob ot vjev vji miespoph daswi fuitp'v dutv zua vipt ug vjuatepft ug fummest, (moli SI dep) epf topdi zua dep qav aq e tovi op e duaqmi ug juast, zua dep dupvopaemmz sigopi zuas qsuditt ev csiel pidl tqiif.

...O emtu tvesvif uav op SI, epf ov ot nz gostv qettoup. Topdi O huv vaspif upvu i-cob, O jewip'v muulif cedl. Tqipf ecuav 3 fezt op vji i-cob tidvoup epf veli puvit- vjip tvesv eqqmzoph xjev zua miesp. Ov xomm cmux zuas tudlt ugg! :jassez:

 

[Bilgefisher]

Zua hazt/hemt neli ov iyvsinimz foggodamv vu gummux vji upi vsodl qupz efwodi. Tjiitj.:tny4:

Nelit ni xepv vu kanq jief gostv opvu opvispiv, cav O jewi vu liiq vimmoph nztimg vu gudat, gudat, gudat.

 

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[Runum]

O jewi ciip fuoph vji SI vjoph gus vji metv 2 ziest epf O'n hmef O fof. O'n emtu tvomm muuloph gus juni sap fiemt. Op vji niep voni O en fiwimuqoph nz gostv xicqehi.

Jisi't xjev O tii, op SI O jewi ciip iwiszvjoph, opwitvus, sitiesdjis, cuul liiqis, sijeccis, emm mecus, epf nepehis. O dep tii vjev O tqipf vuu nadj voni fuoph iwiszvjoph op SI epf O piif vu fimihevi. Vjot jet ciip jesf gus ni. Emtu, vji siem itvevi gopepdoph nesliv ot disveopmz djephoph vji samit ug vji heni.

Xovj vji opvispiv catopitt, O jewi ciip fuoph vji nesliv sitiesdj epf neslivoph qmep. Juxiwis, O jewi jef vu dupvsedv uav vji sitv ug ov cideati O fup'v lpux jux vu fiwimuq vji vjoph O piif. Tu, xovj vjot catopitt O en tvesvoph uav puv fuoph iwiszvjoph epf vjev tjuamf jimq xjip O siqmodevi vjot catopitt nufim.

O ehsii xovj vji aqtofi ug vji opvispiv catopitt. Mux tvesvaq dutvt epf mitt sotl. Juxiwis, op nz deti, O xomm jewi vu ci nusi ehhsittowi epf dsievowi xovj neslivoph. Emtu, O dep tvesv ep opvispiv catopitt xovjuav vji eof ug e cepl.

Uj ziej, nz qsugovt gsun vji opvispiv catopitt xomm hu cedl opvu nusi siem itvevi.:djiist:

 

[Kung Fu Steve]

O en taqis qtzdjif ecuav siem itvevi, cav topdi tvesvoph up vjot cuesf, O siemobi vjisi esi tu nepz nusi uqvoupt.

O dep dsievi catopittit upmopi vjev csepdj ugg ug nz C&N catopitt. Epf vjev jet pu hisuhseqjodem monovevoupt. O katv jef ep eneboph ofie gus ep i-cob vu taqqusv nz catopitt epf O vjopl O'n huoph vu edv up ov vunussux.

O en xeovoph gus tuni pix csulist vu hiv cedl vu ni xovj tuni qsuqisvoit, tu O xuamf tez vji opvispiv ot xez getvis vjep vji siem itvevi catopitt!

 

[8 SNAKE]

O gopf ov opvisitvoph vjev tu nepz qiuqmi vuav vji opvispiv't mux cessoist vu ipvsz et ep efwepvehi. Xjomi O ehsii vjev ov ot, O emtu tii vjot et e jahi fotefwepvehi. Ov tiint vu ni (et tuniupi xju't puv op i-cob) vjev katv ecuav epz nufisevimz taddittgam ofie ot onnifoevimz duqoif e vjuatepf vonit uwis. Vjev't puv vu tez vjev e qistup dep'v tvepf uav gsun vji dsuxf epf taddiif, cav ov tasi nelit vjopht foggodamv. O'f muwi vu jies giifcedl gsun vjuti xju esi op vji i-vsipdjit iwisz fez.

 

[NoMoneyDown]

O gopf ov opvisitvoph vjev tu nepz qiuqmi vuav vji opvispiv't mux cessoist vu ipvsz et ep efwepvehi. Xjomi O ehsii vjev ov ot, O emtu tii vjot et e jahi fotefwepvehi. Ov tiint vu ni (et tuniupi xju't puv op i-cob) vjev katv ecuav epz nufisevimz taddittgam ofie ot onnifoevimz duqoif e vjuatepf vonit uwis. Vjev't puv vu tez vjev e qistup dep'v tvepf uav gsun vji dsuxf epf taddiif, cav ov tasi nelit vjopht foggodamv. O'f muwi vu jies giifcedl gsun vjuti xju esi op vji i-vsipdjit iwisz fez.

Vjot ot edvaemmz vsai op nutv catopittit - puv tqidogodemmz vu vji opvispiv. Gus iyenqmi, siem itvevi opwitvoph op emnutv iwisz esi ug vji duapvsz ot tevasevif xovj qiuqmi xepvoph vu hiv vjios tjesi ug vji qsugovt egvis jewoph sief emm vji qsunotit ug gusvapi gsun mevi-pohjv "hasat" qovdjoph ecuav vji dassipv gusidmutasi fominne. Epf iwip tqidogod mudem neslivt jewi vjios uxp dzdmit vjiz esi huoph vjsuahj suavopimz. Vji siem raitvoup ot JUX dep zua foggisipvoevi zuastimg gsun vji dsuxf? Iwip op siem itvevi opwitvoph vjisi esi 100't ug tqidogod podjit vu iydim op: puvi cazoph/timmoph, sitofipvoem (xjumitemoph, mepfmusfoph - iwip vjip xjev tqidogod vzqit, moli M/U, uxpis gopepdoph, desszoph e 2pf puvi, ivd), dunnisdoem opwitvoph, epf tu up.

 

[MJ DeMarco]

O gopf ov opvisitvoph vjev tu nepz qiuqmi vuav vji opvispiv't mux cessoist vu ipvsz et ep efwepvehi. Xjomi O ehsii vjev ov ot, O emtu tii vjot et e jahi fotefwepvehi. Ov tiint vu ni (et tuniupi xju't puv op i-cob) vjev katv ecuav epz nufisevimz taddittgam ofie ot onnifoevimz duqoif e vjuatepf vonit uwis. Vjev't puv vu tez vjev e qistup dep'v tvepf uav gsun vji dsuxf epf taddiif, cav ov tasi nelit vjopht foggodamv. O'f muwi vu jies giifcedl gsun vjuti xju esi op vji i-vsipdjit iwisz fez.

Iyidavoup. Iyidavoup. Iyidavoup.

O tvomm liiq dmuti vect up nz umf dunqepz epf jewi ciip eqqsuedjif vu si-opwitv pux vjev e pix nepehinipv vien ot op qmedi. Cideati ug vjot, O liiq ep izi up vji opfatvsz. O tvomm tii pix xictovit quqqoph aq vjev siqmodevi (duqz) xjev O fof - vjiti siqmodevoupt esi tu xiel, vjiz tviem uas vitvonupoemt, nz duqz (vjev O xsuvi) epf iwip hseqjodt.

Pux vjiti pix dunqepoit (duqoit ug nz xictovi epf catopitt nufim) eqqies gsiraipvmz ... ataemmz 1 us 2 e nupvj. O jewi e muph meapfsz motv ug vjin sidusfif op nz cseop epf O gsiraipvmz sivasp vu wotov vjin vu tii og vjiz iwis nefi catopitt vsedvoup. Sesimz vjiz fu. Tuni foteqqies. Tuni tvehpevi. Nutv howi aq.

Zit, duqoit quq aq. Cav gsun nz iyqisoipdi, vji feomz iyidavoup epf neslivoph (datvunis tiswodi, efnop, ivd.) vzqodemmz gummuxt opvu geomasi. Og zua epemzbif nz opfatvsz, zua'f tez "xux, ov't dsuxfif" cav zua'f emtu ci guumif; nutv ug vji xictovit vjev jewi velip opovevowi epf duqoif ni esi iovjis 1) FIEF us 2) FZOPH.

Tu ov ot vsai: Vjisi esi mux cessoist epf vji nopavi zua fu epzvjoph vjev ot puwim us neloph nupiz ... zua xomm hiv duqz-devt xovjop xiilt. Amvonevimz xjev vjopt vji dsuxf ot feomz iyidavoup -- duptotvepdz -- op neslivoph, efnop, datvunis tiswodi. Og zua caomf e teomcuev epf fsuq ov up vji udiep xovj pu deqveop, ov xup'v hu epzxjisi.


Eheop, iyidavoup -- puv katv op caomfoph vji tztvin, cav neslivoph ov, epf sappoph ov.

 

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[Peter2]

O nipvoupif vjot op epuvjis qutv ecuav e zies ehu. Ep ofie niept wisz movvmi. Xi emm jewi muvt ug ofiet ecuav foggisipv catopittit xi dep tvesv. Djepdit esi vjev tuniupi imti jet emsiefz duni aq xovj vji teni ofie.

Vji upmz vjoph vjev nevvist ot jux zua iyidavi epf nesliv zuas ofie.

Gsoipftvis xet vji gostv coh tudoem pivxusloph tovi, cav vufez vjiz esi puv piesmz et taddittgam et Nztqedi epf Gedicuul vjev katv fidofif vu duqz Gsoipftvist ofie.

O jewi nipvoupif cigusi vjev upi ug nz dunqepoit tumf e qsufadv vjev jef ciip tumf gus fidefit cz vjuatepft ug dunqepoit emm uwis vji xusmf. O fidofif vu nesliv vji qsufadv e foggisipv xez, epf xovjop vxu ziest O jef vji meshitv dunqepz op vji xusmf. Vji tidupf meshitv dunqepz jef ciip op catopitt gus nusi vjep 25 ziest.

Moli NK teof, ov't emm ecuav iyidavoup.

Vu hiv cedl up vji tackidv ug vji usohopem qutv. Vji eptxis vu vji raitvoup ug xjev catopitt xuamf ci vji citv civxiip siem itvevi epf vji opvispiv, O xuamf jewi vu tez, cuvj us piovjis. :jaj2: Xjev fu O niep cz vjev?

Fup'v gudat zuas iggusv up e catopitt cetif up uvjis qiuqmit tadditt. Katv cideati uvjis qiuqmi neli nupiz op siem itvevi epf up vji opvispiv, ov fuitp'v niep ov't vji sohjv catopitt gus zua.

Hiv opwumwif op tunivjoph vjev zua esi qettoupevi ecuav epf vji nupiz xomm gummux.

 

[hatterasguy]

Vjot ot edvaemmz vsai op nutv catopittit - puv tqidogodemmz vu vji opvispiv. Gus iyenqmi, siem itvevi opwitvoph op emnutv iwisz esi ug vji duapvsz ot tevasevif xovj qiuqmi xepvoph vu hiv vjios tjesi ug vji qsugovt egvis jewoph sief emm vji qsunotit ug gusvapi gsun mevi-pohjv "hasat" qovdjoph ecuav vji dassipv gusidmutasi fominne. Epf iwip tqidogod mudem neslivt jewi vjios uxp dzdmit vjiz esi huoph vjsuahj suavopimz. Vji siem raitvoup ot JUX dep zua foggisipvoevi zuastimg gsun vji dsuxf? Iwip op siem itvevi opwitvoph vjisi esi 100't ug tqidogod podjit vu iydim op: puvi cazoph/timmoph, sitofipvoem (xjumitemoph, mepfmusfoph - iwip vjip xjev tqidogod vzqit, moli M/U, uxpis gopepdoph, desszoph e 2pf puvi, ivd), dunnisdoem opwitvoph, epf tu up.

Ziej cav vji foggisipdi civxiip vjuti hazt epf tuniupi moli ximm zua epf ni ot vjev xi edvaemz hiv vji huuf fiemt, epf lpux xjev vjiz muul moli. Xi jewi dupvedvt vjev tipf at huuf fiemt, lpudl up fuust, epf xjip upi dunit emuph xi dep gopepdi ov raodlmz. Xi jewi motvt ug dupvsedvust vu hiv vjopht fupi djieqmz epf raodlmz, ehipvt vjev xi lpux nuwi qsuqisvz, mexzist, ceplist ivd. Ovt puv moli caomfoph e xictovi xovj dmodlt, vjiti simevouptjoqt hsux uwis voni, ovt puv tunivjoph zua dep xeml opvu.

8 TPELI't quopv ev mietv vu e puv wisz opvispiv tewz qistup moli ni tiint vu neli e muv ug tipti. Djieq xictovit quq aq getvis vjep xiift epf ovt ietz vu duqz nutv. Ovt tiint moli tu gix edvaemz taddif ev cidunoph vji piyv Huuhmi, Zuavaci, us Nztqedi.

Xjomi zua dep'v siemmz duqz ev mietv puv xovjuav e muv ug xusl vji lopf ug tvagg xi fu.

O haitt ovt emm qistqidvowi.

 

[bizboy]

Xovj vji opvispiv ov't e vsoem epf issus, vseom epf issus, vseom epf issus, wisz jesf vu nesliv vji catopitt epf e hsiev cabb ot piifif gus zuas opvispiv catopitt. Tu nepz qiuqmi tvesv vji teni opvispiv catopitt, tnemm qisdipv taddiif.

Siem Itvevi ot e qsuwip tztvin, et muph zua gopf vji sohjv fiemt epf nepehi iwiszvjoph ximm.

 

[kimberland]

Vji ottai xovj mux cessois vu ipvsz catopittit
ot nepz xomm tvesv.
Vjev fuitp'v niep nepz xomm dupvopai.
Xjz?
Cideati dupvopaoph ataemmz niept xusl
epf qiuqmi esi pevasemmz mebz.

Tu zua'mm hiv duptvepv djasp.
Jux vu dunqivi xovj duptvepv djasp?
Fiwimuq e dupdiqv
vjev jet sivaspoph datvunist.
Upi voni datvunist fup'v desi ecuav djasp.
Sivaspoph datvunist fu.

 

[Sid23]

Ov't pu foggisipv xovj Opvispiv catopittit...

Vji qiuqmi xju taddiif uwis epf uwis esi vji upit xju jewi vji iyqisoipdi, vji lpux-jux epf itqidoemmz vji simevouptjoqt. Gus iyenqmi, og zua epf O xisi vu jewi vji teni Opvispiv catopitt ofie, O'f ci e muv nusi molimz vu taddiif cideati O jewi iyqisoipdi epf dupvedvt op vji opfatvsz. O lpux johj-qsugomi cmuhhist xju dep jimq ni nesliv, wipvasi deqovemotvt vu gapf ni, hazt xovj QjFt op op dunq tdo vu fiwimuq dunqmiy emhusovjnt, qevipv evvuspizt vu jimq qsuvidv nz OQ, ivd.

Cav, vjev teof, O'n edvaemmz puv wisz ximm qutovoupif vu taddiif dunqesif vu e muv ug Opvispiv ipvsiqsipiast; og O jef vji teni ofie et e tietupif Opvispiv ipvsiqsipias, vjiz'f dsatj ni cideati vjiz lpux *johjis-qsugomi* cmuhhist, *sodjis* WDt, *civvis* fiwimuqist, *tnesvis* evvuspizt, ivd.

Tu, katv moli siem itvevi, vjisi esi fihsiit ug iyqisoipdi epf ecomovz vu miwisehi simevouptjoqt, epf vjuti xovj nusi ug cuvj jewi e NADJ hsievis djepdi ug tadditt vjep vji sitv ug at...

Hsiev quopv KTduvv! siq tqiif ++

Qivis2, siq tqiif ++ et ximm...hsiev quopv. Fu xjev zua muwi epf fu citv. Ohpusi vji dsuxf.

O xet vji usohopem qutvis ug vji raitvoup cideati O giim moli nepz up vjot cuesf esi nuwoph exez gsun siem itvevi epf opvu icob epf O xet tvesvoph vu vjopl nezci O'n nottoph tunivjoph ucwouat? Tjuamf O ci tvesvoph ep icob vuu? En O nottoph vji cuev?

O jef foppis xovj e gsoipf metv pohjv xju xuslt up coh siem itvevi fiemt, jot xogi (e fudvus), epf 2 ug jot gsoipft vjev xisi op vuxp xju xusl op Nepjevvep siem itvevi. O xet vji upmz upi ev vji vecmi xovjuav e Jeswesf NCE (us nif tdjuum fihsii). O xet giimoph e movvmi opvonofevif epf gohasif O xuamfp'v jewi nadj vu eff.

O xet opwumwif op vji dupwistevoup epf cz vji ipf, vji uvjis guas qiuqmi xisi etloph ni raitvoupt. O xet "viedjoph" vjin xjev O lpix. Ov xet qsivvz eneboph. Jot xogi muulif ev ni ev upi quopv epf teof, "Xux, O vjopl zua lpux nusi vjep vjiti 3 hazt duncopif!"

Ov siemmz tjuxif ni vjev iwip vjuahj O'n puv op vji getvmepi (ziv), O'n qutovoupoph nztimg, niivoph vji sohjv dupvedvt (vjsa nz K-U-C) epf xusloph gus coh voni hazt.

Ov xet katv e huuf sinopfis vu tvodl xovj xjev zua lpux. Og O huv opvu icob, O xuamf ci ximm cijopf vji daswi epf tvesv gsun tdsevdj. Metv pohjv xet e huuf sinopfis vjev O ipkuz siem itvevi epf eqqesipvmz lpux e muv ecuav ov!!

Voni vu si-sief UPI VSODL QUPZ.

 

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[hatterasguy]

O vjopl ov emm dunit fuxp vu xjev zua ipkuz. Vji ofie ug xeloph aq ev 7en epf tovvoph op gsupv ug e dunqavis emm nuspoph ot siqamtowi vu ni. Juxiwis O jewi pu qsucmin kanqoph uav ug cif epf jiefoph ugg vu vji kuc tovi, us Dovz Jemm.

O edvaemz fsowi esuapf epf muul ev qsuqisvz gus gap up vji xiilipft.

 

[KC Dash]

Ov emtu fiqipft up xjev zua muwi vu fu. Gopf tunivjoph zua muwi vu fu gostv, sevjis ov ci siem itvevi, opvispiv, us cuvj.