Cashing out.. What to invest in ??

smartc0000 · #1 (**permalink**) 05-04-2009, 07:55 PM

Right now my business is going down hill similar to a lot of other locals. I am located in Miami and am thinking of the smartest thing to do right now. I am thinking about selling everything i have including my cars and home and just buying a apartment near the beach and just lease something for a year until i get back on my feet, which isnt going to be to much with this economy. I am trying to figure out what to invest in or what to do as far as work. I am going to sell the current location that my office is at and rent something that is a bit smaller since we cut down our employees from 8 to 2.

I really need some advice right now and just some thoughts....

Thanks

Russk · #2 (**permalink**) 05-04-2009, 10:47 PM

Sorry to hear the bad news, but you need an investment website.

Good Luck,
Russ

Chris D · #3 (**permalink**) 05-05-2009, 05:39 AM

Quote:

Originally Posted by smartc0000

Right now my business is going down hill similar to a lot of other locals. I am located in Miami and am thinking of the smartest thing to do right now. I am thinking about selling everything i have including my cars and home and just buying a apartment near the beach and just lease something for a year until i get back on my feet, which isnt going to be to much with this economy. I am trying to figure out what to invest in or what to do as far as work. I am going to sell the current location that my office is at and rent something that is a bit smaller since we cut down our employees from 8 to 2.

I really need some advice right now and just some thoughts....

Thanks

Invest in real estate. Anything but commercial which won't bottom out for another year.

Keatonus · #4 (**permalink**) 05-05-2009, 12:54 PM

Quote:

Originally Posted by Chris D

Invest in real estate. Anything but commercial which won't bottom out for another year.

Correction. Office and Retail is pretty stagnant right now. Apartment Complexes are a solid investment right now for the next however long the recession will last.

But anything can be a good buy if you get it cheap enough when it comes to real estate, be safe and buy at a 15% cash on cash return, I'm not too sure about Miami, if you wanna be mega conservative, 20% Cash on Cash. You won't find a lot at 20% CoC, but it's possible.

smartc0000 · #5 (**permalink**) 05-05-2009, 04:26 PM

Something i was looking into was opening up a radio station. Here in miami we have hiphop/r&b; jazz; rock; alternative, everything but house and trance music which over in euorpe is one of the most listened to music, and here in miami we have some people that come from everywhere. This is just something i am reading up on, and as far as a current station that has that is on sat area 33. Just a thought.!

slicebo · #6 (**permalink**) 05-05-2009, 07:31 PM

Quote:

Originally Posted by Chris D

Invest in real estate. Anything but commercial which won't bottom out for another year.

Waiting for this myself...

Commercial that is...

slicebo · #7 (**permalink**) 05-05-2009, 07:33 PM

Quote:

Originally Posted by smartc0000

Something i was looking into was opening up a radio station. Here in miami we have hiphop/r&b; jazz; rock; alternative, everything but house and trance music which over in euorpe is one of the most listened to music, and here in miami we have some people that come from everywhere. This is just something i am reading up on, and as far as a current station that has that is on sat area 33. Just a thought.!

Yeah sorry to hear... but you sound inventive...

Should be able to find a forum somewhere that has some people well versed in the radio biz...

Good luck and prosper!

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