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  1. #16751
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    17,495
    Now that we are retired, I am glad we went with paid off rentals, rather than the stock market. Sure RE goes down in value, but in 10 years it has always been higher in my lifetime. Rents help with inflation and rarely go down much, if at all. If you're younger, consider buying rentals, (2-4 units pencil out best). You can buy a duplex with as little as 3.5% down (FHA) or 5% down conventional (the way to go). Live there a few years, save and buy another. I have done loans for a few young men that did this over the last 10 years and the guys are on a solid path to a great retirement. Fuck the Casino, errr, stock market.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  2. #16752
    Join Date
    Dec 2010
    Location
    Last Best City in the Last Best Place
    Posts
    5,734
    Rentals are a good investment but what a hassle. I watched my parents go through hell with that shit. Finally they said fuck it and sold them all.

  3. #16753
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    3,355
    Huge up day. Guessing we rally back to SP500 at 4000 before testing the recent lows yet again.

  4. #16754
    Join Date
    Oct 2013
    Posts
    786
    FNHC for the win today... Last week BEAT n SOBR were my wins... ya baby..UVXY has been a money maker too... die SPY die.

  5. #16755
    Join Date
    Oct 2007
    Posts
    11,434
    Quote Originally Posted by yeahman View Post
    Rentals are a good investment but what a hassle. I watched my parents go through hell with that shit. Finally they said fuck it and sold them all.
    It can be outsourced pretty easily. But I too, am glad to have gotten out of that game for now. Sold in January.

  6. #16756
    Join Date
    Oct 2003
    Location
    9,300ft
    Posts
    20,537
    Quote Originally Posted by whitekingsalmon View Post
    FNHC for the win today... Last week BEAT n SOBR were my wins... ya baby..UVXY has been a money maker too... die SPY die.
    UPRO today tho
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

  7. #16757
    Join Date
    Apr 2006
    Location
    Movin' On
    Posts
    3,355
    Quote Originally Posted by Name Redacted View Post
    It can be outsourced pretty easily. But I too, am glad to have gotten out of that game for now. Sold in January.
    Impeccable timing

  8. #16758
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    17,495
    Quote Originally Posted by yeahman View Post
    Rentals are a good investment but what a hassle. I watched my parents go through hell with that shit. Finally they said fuck it and sold them all.
    O, don't think it is all cashing checks and fun and games because it is a business that will require work (rehabbing properties) capital (to fix shit) and patience, because you will get the occasional fucked tenant no matter how carefully you think you screened them.
    But all that said, it works for me and once I get to old to deal with them, I will have the girls manage them if they want to inherit them. If not, we will sell and it is hookers and blow as I ride off into the Sunset.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  9. #16759
    Join Date
    Oct 2007
    Posts
    11,434
    Quote Originally Posted by Kevo View Post
    Impeccable timing
    Time will tell, but I'm glad to not have to deal with some of the maintenance and HOA issues that were coming down the pike more than anything. I could have easily rented it long term for double the mortgage payment but instead we took the money and bought a local business. Now that's kicking my ass far more than any rentals ever did. Ha.

  10. #16760
    Join Date
    Dec 2005
    Location
    STL
    Posts
    11,835
    Quote Originally Posted by liv2ski View Post
    Now that we are retired, I am glad we went with paid off rentals, rather than the stock market. Sure RE goes down in value, but in 10 years it has always been higher in my lifetime. Rents help with inflation and rarely go down much, if at all. If you're younger, consider buying rentals, (2-4 units pencil out best). You can buy a duplex with as little as 3.5% down (FHA) or 5% down conventional (the way to go). Live there a few years, save and buy another. I have done loans for a few young men that did this over the last 10 years and the guys are on a solid path to a great retirement. Fuck the Casino, errr, stock market.
    Buying a rental property the last few yrs and locking in a 3% mortgage will go down as the greatest investment you could have made in the last few yrs. I wish I had done just that. Rent rose in the last recession. People were calling me and begging me to rent to them. Credit reports in the toilet, families etc. pretty sad actually.

  11. #16761
    Join Date
    Oct 2003
    Location
    9,300ft
    Posts
    20,537
    Quote Originally Posted by Kevo View Post
    Huge up day. Guessing we rally back to SP500 at 4000 before testing the recent lows yet again.
    Well on the way. But do I step off at 4000?
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

  12. #16762
    Join Date
    Jan 2009
    Location
    Squaw valley
    Posts
    4,075
    Yeah, i think we'll get well below 3000.

    Sent from my moto g 5G using Tapatalk

  13. #16763
    Join Date
    Dec 2002
    Location
    cow hampshire
    Posts
    7,358
    Quote Originally Posted by liv2ski View Post
    O, don't think it is all cashing checks and fun and games because it is a business that will require work (rehabbing properties) capital (to fix shit) and patience, because you will get the occasional fucked tenant no matter how carefully you think you screened them.
    But all that said, it works for me and once I get to old to deal with them, I will have the girls manage them if they want to inherit them. If not, we will sell and it is hookers and blow as I ride off into the Sunset.
    Do you outsource any of your properties to a prop management company? If the numbers made sense, I think I would do that.

  14. #16764
    Join Date
    Oct 2007
    Posts
    11,434
    Management companies can be a good thing. But they also take 25-50% depending on what services they offer and that can definitely be cost prohibitive.

  15. #16765
    Join Date
    Jan 2009
    Location
    Squaw valley
    Posts
    4,075
    For a ski lease is 17 percent

    Sent from my moto g 5G using Tapatalk

  16. #16766
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    12,846
    Quote Originally Posted by rod9301 View Post
    For a ski lease is 17 percent

    Sent from my moto g 5G using Tapatalk
    Not in Big Sky.


    Sent from my iPhone using TGR Forums
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  17. #16767
    Join Date
    Feb 2017
    Location
    truckee
    Posts
    1,305
    Management companies vary wildly with the amount of suck they are .
    Their motivation is to do as little as possible for their % to maximize profit.
    The larger ones are the worst as you are just another drop in their bucket.

  18. #16768
    Join Date
    Dec 2002
    Location
    cow hampshire
    Posts
    7,358
    Then you fire them and hire the next one. And if they suck you fire them too. It's just business.

  19. #16769
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    17,495
    Quote Originally Posted by jackstraw View Post
    Do you outsource any of your properties to a prop management company? If the numbers made sense, I think I would do that.
    Nope, I have no problem handling it all myself and I have found that property managers suck balls from talking to the owners of the home beside me and across the street.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  20. #16770
    Join Date
    Oct 2006
    Location
    MA
    Posts
    6,661

    Is the stock market going to tank?

    Quote Originally Posted by summit View Post
    Well on the way. But do I step off at 4000?
    Probably not going to wait that long

    And thank you Elon! Knew you’d come around!
    Decisions Decisions

  21. #16771
    Join Date
    Aug 2016
    Location
    关你屁事
    Posts
    8,124
    Quote Originally Posted by Brock Landers View Post
    And thank you Elon! Knew you’d come around!
    Very nice

  22. #16772
    Join Date
    May 2016
    Posts
    3,254
    Quote Originally Posted by liv2ski View Post
    Nope, I have no problem handling it all myself and I have found that property managers suck balls from talking to the owners of the home beside me and across the street.
    You’re probably aware of this, but you really need to be aware of all the tax consequences of rental properties, especially if you end up selling. For example, you are required to reduce the basis when computing capital gains by the depreciation, even if you didn’t actually take the depreciation when you filed your taxes over the years. Can possibly lead to a tax sting down the line when you end up selling, Having a CPA review everything is always a good idea.

  23. #16773
    Join Date
    Sep 2006
    Posts
    6,902
    LMFAO - The inverse Cramer fund....

    https://www.sec.gov/Archives/edgar/d...leetfs485a.htm
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  24. #16774
    Join Date
    Mar 2004
    Location
    West Coast of the East Coast
    Posts
    7,450
    Quote Originally Posted by Toadman View Post
    LMFAO - The inverse Cramer fund....

    https://www.sec.gov/Archives/edgar/d...leetfs485a.htm
    Something there for everybody. Long Cramer or Inverse Cramer

  25. #16775
    Join Date
    Mar 2006
    Posts
    19,212
    Gilts collapsing again tonight.

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