Random Thoughts XXIX

[DD4ME]

I don't see how people make money renting homes at all.

Volume and it's a long term equation unless you inherit a house. Tried to get some people to go in with Mrs. Dd and I on buying some over time.

 

[Aavoxx]

Volume and it's a long term equation unless you inherit a house. Tried to get some people to go in with Mrs. Dd and I on buying some over time.

I'll give you $5.

 

[Unknown Muppet]

I'll give you $5.

I'll double that. $10 over 5 monthly payments.

 

[DD4ME]

I'll give you $5.

Booked it. That's a 1/1000 share.

 

[Aavoxx]

I'll double that. $10 over 5 monthly payments.

$10.01. One payment.

 

[Unknown Muppet]

$10.01. One payment.

$11.50 over 3 payments

 

[Aavoxx]

$11.50 over 3 payments

$20. Two payments.

 

[DD4ME]

Jokes aside I still think if you could get 3 "investors" with shared equity you could make buying a low cost rental in 10 years affordable. Do that 3 times in 30 years and you each have either a one time or monthly revenue stream at retirement. Costs per month per investor should not exceed $300 done properly and in the worst case of the rental vacant.

 

[DD4ME]

After your first home you would roll equity to finance subsequent purchases.

 

[Orangeslice13]

 

[Aavoxx]

I've always wanted to own vacation property.

 

[UTvol1fn]

i don't see beer or women...wtf

 

[Unknown Muppet]

Jokes aside I still think if you could get 3 "investors" with shared equity you could make buying a low cost rental in 10 years affordable. Do that 3 times in 30 years and you each have either a one time or monthly revenue stream at retirement. Costs per month per investor should not exceed $300 done properly and in the worst case of the rental vacant.

This actually seems pretty smart.

 

[blupotato]

The guy who owns my house right now buys nothing but foreclosures. Remodels them to keep repair costs down for the long haul. Brand new roof went on before I leased. He hasn't had to repair a thing in the 2 years I've been here. He also owns about 40 houses.

 

[DD4ME]

The guy who owns my house right now buys nothing but foreclosures. Remodels them to keep repair costs down for the long haul. Brand new roof went on before I leased. He hasn't had to repair a thing in the 2 years I've been here. He also owns about 40 houses.

40 houses would take some doing. I wish I had the guts to go after something like that. Hopefully I'll have enough just slogging it out the old fashioned way.

 

[Aavoxx]

40 houses would take some doing. I wish I had the guts to go after something like that. Hopefully I'll have enough just slogging it out the old fashioned way.

I am never going to retire.

 

[DD4ME]

killer slice

 

[DD4ME]

I am never going to retire.

only the good die young

 

[Aavoxx]

only the good die young

I have no desire to die, but getting old isn't for the weak.

 

[TEX_VOLFAN]

only the good die young

My time should be up soon then!



RIP Tex

 

[Unknown Muppet]

only the good die young

If I hit 70, I'm taking up BASE jumping as a hobby. Fawk a death bed!

 

[VolFan32]

My brother and I "own" the house we grew up in. 4 br house. It makes about $350-400/month. We use Caldwell banker. We don't see the money but it does make money

 

[DD4ME]

My time should be up soon then!



RIP Tex

shizz - you will be like Sly

Dirty Old Men

 

[TEX_VOLFAN]

shizz - you will be like Sly

Dirty Old Men

Good point!

 

[DD4ME]

My brother and I "own" the house we grew up in. 4 br house. It makes about $350-400/month. We use Caldwell banker. We don't see the money but it does make money

hook a brother up