Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: REITs finally taking a dive??
Old 05-19-2007, 07:19 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

im more than happy with the apple hospitality reits.

becareful some are nothing more than feeing you to death.
__________________

__________________
mathjak107 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: REITs finally taking a dive??
Old 05-19-2007, 07:26 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,263
Re: REITs finally taking a dive??

Quote:
Originally Posted by CMAN
Is anyone on the forum familiar with non-traded REITS? These are advocated by Ray Lucia on his show. His claim is that they will create an income stream (between 6 and 8 percent) with little market fluctuation.

That is a stupid statement....

it is not tradeable, so little market fluctuation means it does not get repriced like all the others, BUT IT REALLY DOES... if the market value of the assets goes down, the value of you REIT goes down... you just don't know it has... because you can not readily see it listed on an exchange.. but go and try to sell prior to the end and then tell me there is no fluctuation...
__________________

__________________
Texas Proud is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 07:48 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

its not nearly as volatile though as the swings of reit stocks. stocks swing wildly more from perception of what will be than what is. the unlisted reits pay around 8-1/2% and in 7 years when its sold what you get will be based on the actual value of the sale.
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 08:14 AM   #24
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: REITs finally taking a dive??

They lack liquidity and must be sold to the REIT company itself. Since REIT NAV generally fluctuates less than market price, the lack of liquidity may mitigate volatility in price. However, if you have to sell during a market downturn, the buyer may offer a price significantly discounted from the NAV.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 08:14 AM   #25
Confused about dryer sheets
 
Join Date: Oct 2004
Posts: 5
Re: REITs finally taking a dive??

Thanks mathjak107,


That is my understanding. I am not seeing the wide swings that you see in traded REITS.
__________________
CMAN is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 08:22 AM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

Quote:
Originally Posted by Spanky
They lack liquidity and must be sold to the REIT company itself. Since REIT NAV generally fluctuates less than market price, the lack of liquidity may mitigate volatility in price. However, if you have to sell during a market downturn, the buyer may offer a price significantly discounted from the NAV.
i would not reccomend doing it unless you plan on holding the full 6 or 7 years until the properties are sold.
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 08:24 AM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

i can only vouch for the one i use which is apple hospitality , i did look at some others but the fees were rediculous.
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 09:57 AM   #28
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Re: REITs finally taking a dive??



What is apple hospitality?
__________________
Sam is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 10:56 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

http://www.applehospitality.com/investors/index.php
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 11:36 AM   #30
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Re: REITs finally taking a dive??

Thanks. I looked but could find a stock symbol for it. Any idea?
__________________
Sam is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 11:44 AM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

there isnt a symbol for it, its un-traded. thats the beauty of it.
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 11:49 AM   #32
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Re: REITs finally taking a dive??

Thanks again. So how does one buy it?
__________________
Sam is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 12:46 PM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

its bought thru david lerner
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 03:11 PM   #34
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: REITs finally taking a dive??

Quote:
Originally Posted by mathjak107
i would not reccomend doing it unless you plan on holding the full 6 or 7 years until the properties are sold.
I tend to agree. "un-traded REITS" are illiquid and expensive but do not provide any significant advantages.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 03:57 PM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

thats where you are so wrong my friend. we collected 7to 8-1/2% interest for the last 7 years. thats in a world ranging from less than 1% to between 4-5% in bonds cd's mm . only 80% is taxable too as you get to share in the actual depreciation. the properties apple 2 had was just sold off and with the gains we got a total return per year of 17.5 % for 7 years . all with next to no risk a fixed 10.00 per share price if we want to sell early, it just goes in the reinvestment pool and no wild daily swings.

if thats not an advantage for a conservative income producing proxy for a bond on steriods then ill eat my hat.,

we arent talking stock risk or volatilty we are talking quality bond like risk.. all properties are extended stay hiltons and marriotts only

apple vii pays 8-1/2% right now and will be closed when it hits 1 billion. we are about 3/4 of the way there now

unlike buying bonds inflation protection is built in. what happens to real estate during inflation? it usually goes up while bonds tank.

all for a cost of a buy in 0f 6%. like i said try buying commercial real eestate directly and see what the buy in costs you. as a bonus you get the 8-1/2% on the full investment amount not on the amount after the 6% is subtracted too.
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 05:28 PM   #36
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Re: REITs finally taking a dive??

mathjak107,
I must say this is a good deal.

Spanky
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 05:36 PM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

i was sooooo sceptacal at first too. being from the savy school that said "what me pay a 6% buy in?


on the advice of some other savy investors i took a look and looked to poke holes every where. it was tough because as you know these things arent very transparent but heck i bought worst investments in my life. with cd's and money markets at near record lows of !% i said hell i cant do worse even if i collect 7% for 7 years and get my 10 bucks a share back when sold.


it turned out better than i ever imagined and i bought into the new apple vii which is only about 14 monts old and already owns a nice collection of marroitts and hiltons.


wells reits looked very expensive to me ,so do your homework.

__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 05:56 PM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: REITs finally taking a dive??

Quote:
Originally Posted by Spanky
I must say this is a good deal.
Which means, yet again, that theres something we probably dont know. Wait for the other shoe to drop...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 05:58 PM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,408
Re: REITs finally taking a dive??

well i had a lot worse shoes drop then these. actually i combine them with publically traded reits too. but since public reits are still stocks first they go in my stock bucket. un-listed reits are more like bonds so they go in my income bucket.
__________________
mathjak107 is offline   Reply With Quote
Re: REITs finally taking a dive??
Old 05-19-2007, 08:43 PM   #40
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
Re: REITs finally taking a dive??

Quote:
Originally Posted by chinaco
I noticed that mine was down.

Oh well, wait for the carnage to finish and pick some up cheap!
Can you please let me know exactly when that happens.
__________________

__________________
JustCurious is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
finally taking trip to argentina newyorklady Travel Information 1 03-06-2007 01:52 PM
Too late for REITs...again? mickeyd FIRE and Money 9 11-11-2006 09:33 AM
Finally on the road MJ Other topics 11 08-19-2006 08:55 PM
My Roth/401k are taking a dive! thefed FIRE and Money 12 02-10-2006 08:01 PM
Finally, finally out of lurkerdom.... panhead Hi, I am... 1 06-26-2002 11:18 AM

 

 
All times are GMT -6. The time now is 10:56 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.