Is the stock market going to tank?

**liv2ski** · 10-03-2022, 11:47 AM

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.

**yeahman** · 10-03-2022, 11:58 AM

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.

**Kevo** · 10-03-2022, 01:08 PM

Huge up day. Guessing we rally back to SP500 at 4000 before testing the recent lows yet again.

**whitekingsalmon** · 10-03-2022, 01:23 PM

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.

**Name Redacted** · 10-03-2022, 01:24 PM

Originally Posted by yeahman

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.

**summit** · 10-03-2022, 01:26 PM

Originally Posted by whitekingsalmon

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

**Kevo** · 10-03-2022, 01:46 PM

Originally Posted by Name Redacted

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

**liv2ski** · 10-03-2022, 01:53 PM

Originally Posted by yeahman

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.

**Name Redacted** · 10-03-2022, 01:58 PM

Originally Posted by Kevo

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.

**Cono Este** · 10-03-2022, 03:01 PM

Originally Posted by liv2ski

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.

**summit** · 10-04-2022, 09:01 AM

Originally Posted by Kevo

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?

**rod9301** · 10-04-2022, 09:04 AM

Yeah, i think we'll get well below 3000.

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**jackstraw** · 10-04-2022, 09:51 AM

Originally Posted by liv2ski

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.

**Name Redacted** · 10-04-2022, 10:02 AM

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.

**rod9301** · 10-04-2022, 10:19 AM

For a ski lease is 17 percent

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**Harry** · 10-04-2022, 12:35 PM

Originally Posted by rod9301

For a ski lease is 17 percent

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Not in Big Sky.

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**heckacali** · 10-04-2022, 02:04 PM

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.

**jackstraw** · 10-04-2022, 02:15 PM

Then you fire them and hire the next one. And if they suck you fire them too. It's just business.

**liv2ski** · 10-04-2022, 02:55 PM

Originally Posted by jackstraw

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.

**Brock Landers** · 10-04-2022, 04:54 PM

Originally Posted by summit

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!

**dunfree** · 10-04-2022, 08:58 PM

Originally Posted by Brock Landers

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

Very nice

**billyk** · 10-04-2022, 09:15 PM

Originally Posted by liv2ski

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.