Results 16,751 to 16,775 of 18218
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10-03-2022, 11:47 AM #16751
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.
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10-03-2022, 11:58 AM #16752
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.
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10-03-2022, 01:08 PM #16753
Huge up day. Guessing we rally back to SP500 at 4000 before testing the recent lows yet again.
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10-03-2022, 01:23 PM #16754Registered User
- Join Date
- Oct 2013
- Posts
- 793
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.
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10-03-2022, 01:24 PM #16755Registered User
- Join Date
- Oct 2007
- Posts
- 12,622
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10-03-2022, 01:26 PM #16756
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10-03-2022, 01:46 PM #16757
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10-03-2022, 01:53 PM #16758
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.
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10-03-2022, 01:58 PM #16759Registered User
- Join Date
- Oct 2007
- Posts
- 12,622
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.
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10-03-2022, 03:01 PM #16760
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.
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10-04-2022, 09:01 AM #16761
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10-04-2022, 09:04 AM #16762Rod9301
- Join Date
- Jan 2009
- Location
- Squaw valley
- Posts
- 4,647
Yeah, i think we'll get well below 3000.
Sent from my moto g 5G using Tapatalk
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10-04-2022, 09:51 AM #16763
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10-04-2022, 10:02 AM #16764Registered User
- Join Date
- Oct 2007
- Posts
- 12,622
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.
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10-04-2022, 10:19 AM #16765Rod9301
- Join Date
- Jan 2009
- Location
- Squaw valley
- Posts
- 4,647
For a ski lease is 17 percent
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10-04-2022, 12:35 PM #16766
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
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10-04-2022, 02:04 PM #16767Registered User
- Join Date
- Feb 2017
- Location
- truckee
- Posts
- 1,985
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.
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10-04-2022, 02:15 PM #16768
Then you fire them and hire the next one. And if they suck you fire them too. It's just business.
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10-04-2022, 02:55 PM #16769
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10-04-2022, 04:54 PM #16770
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10-04-2022, 08:58 PM #16771
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10-04-2022, 09:15 PM #16772Registered User
- Join Date
- May 2016
- Posts
- 3,586
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.
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10-05-2022, 06:00 PM #16773
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
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10-05-2022, 06:04 PM #16774
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10-10-2022, 08:26 PM #16775
Gilts collapsing again tonight.
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