3.6.20 Investing in real estate online; Clark Stinks

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 5.2K Ratings

🗓️ 6 March 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Pitches to get into private real estate ventures are prevalent now. Investors own percentages of several properties from dozens to thousands. With little disclosure required in private placements vs. publically traded ventures, the big pitch promises boosted returns. When you put your money in, you're relying on their promises and you can not get your money out of these illiquid investments. Often there are huge commission fees involved. If you don't care to own and manage individual properties, buy public investments from low cost Vanguard, Schwab or Fidelity. They all offer REITs you can buy in and out of at will, no commissions. Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's my pleasure to welcome you here to the Clark Howard Show where it's about you learning
0:10.8	ways to save more and spend the last.
0:14.2	And don't let anyone ever rip you off.
0:17.6	Clark.com is our main website, ClarkDeals.com, so you go to save money on stuff you buy and
0:24.7	we post deals for you around the clock.
0:28.7	So I have been taking, there's certain trends that happen over time.
0:34.7	And I've been taking a huge increase numbers of calls from people wanting to go into private
0:44.1	real estate deals or they're being pitched going into private real estate deals.
0:51.1	These are things that are able to use rules and the law where you don't have to provide
0:59.3	a lot of disclosure to people.
1:02.5	And so you instead of investing, owning an individual rental property or whatever, you are
1:10.9	able to own little parts of many real estate properties could be dozens or hundreds, occasionally
1:20.2	maybe in the thousands.
1:23.0	But the big pitch people are getting right now with these private real estate ventures
1:29.2	is that each of them have some kind of special thing they're able to do that will boost
1:35.8	the return to you.
1:37.6	Now remember, they're not having to give you the type of discosures you have in a publicly
1:44.6	traded real estate venture.
1:48.8	These are private placements.
1:51.7	And a lot of it is you're dealing with their promises that they are going to outperform
1:59.6	other ways of you investing in real estate.
2:03.2	But the thing is you put your money in, you're relying on their promises.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.