| Author |
Message
|
| spikedo55 |
 Posted: Thu Feb 17, 2005 3:43 pm Post subject: Buy rental property |
 |
|
New Poster
|
| I'm convinced this is a better way to make money -- even in today's hyperinflated home price market. There are deals to be had, but they take time to find. Work with a real estate agent, preferably more than one. They hear about the best properties before the hit the market. |
|
| Back to top |
|
 |
| JoiseyFamily |
| Posted: Sat Feb 19, 2005 11:18 am Post subject: |
|
|
Investing Associate
|
| My town doesn't have rentals, unless you count buying a house to rent that out. But it is too expensive to do here. |
|
| Back to top |
|
|
| paula0000 |
| Posted: Sat Feb 19, 2005 3:04 pm Post subject: Rental properties... |
|
|
Investing Manager
|
| I personally think condos are the way to go. Even if you can buy the condo and rent it out and only break even or make a few $ per month- in 20 years or so the condo has paid for itself and the r.e. price has probably risen. Someone else is really paying your mortgage! |
|
| Back to top |
|
|
| mrsboz |
| Posted: Sat Feb 19, 2005 4:13 pm Post subject: |
|
|
Investing Sr. Associate
|
| I always thought that it would be awesome to have a rental property. I don't feel this way anymore. When we bought our house we couldn't, at the time, sell our townhouse so we rented it. Whenever, I saw their number come up my stomach would clench. It is awful. You never know what that phone call will cost you or when they are going to leave and leave it empty. I hated it and would not want to do it again. |
|
| Back to top |
|
|
| lmountford |
| Posted: Sun Feb 20, 2005 4:19 am Post subject: |
|
|
Investing Sr. Associate
|
| I found letting my apartent out to be pretty stressful. I was always afraid of damage etc. |
|
| Back to top |
|
|
| lmountford |
| Posted: Sun Feb 20, 2005 4:20 am Post subject: |
|
|
Investing Sr. Associate
|
| It wasn't worth me hiring a management company for my apartment because the rent was so low. Has anyone had experience of employing one of these? |
|
| Back to top |
|
|
| JoiseyFamily |
| Posted: Sun Feb 20, 2005 1:37 pm Post subject: |
|
|
Investing Associate
|
| My mom rented out her condo in South Florida years ago, becuase she couldn't sell it. The headaches she got from the renter. He was a banker, and parked his motorcycle in the middle of the living room. He left and lived off the deposit, even though he wasn't supposed to. It was horrible. She was finally able to sell it, but renting wasn't fun. |
|
| Back to top |
|
|
| paula0000 |
| Posted: Sun Feb 20, 2005 3:29 pm Post subject: rental properties |
|
|
Investing Manager
|
| I agree that renting out property can be a pain. Our agent recommends we do as he does. He buys condos and rents them out to mainly seniors. When they have an issue with the sink or whatever they contact maintenance in the building- that's what the condo fees are for. |
|
| Back to top |
|
|
| trixiezzz |
| Posted: Tue Feb 22, 2005 6:59 pm Post subject: |
|
|
Investing Manager
|
| Also you have to factor in the months that your property may/will sit empty per year. You will be very lucky if there is never a month where it is unoccupied. |
|
| Back to top |
|
|
| paula0000 |
| Posted: Thu Feb 24, 2005 5:23 pm Post subject: |
|
|
Investing Manager
|
| That's true. If you're on a tight budget and the renter moves out- it may "break" you to have the place unoccupied for a few months. |
|
| Back to top |
|
|
|
|
 |
| wallace6 |
| Posted: Fri Feb 25, 2005 2:43 pm Post subject: Rentals |
|
|
Investing Sr. Associate
|
| We have several rentals. We have found that duplexes are the best for us. We feel if we can get one percent of the assessed value each month total on the two units that there isn't much out there that beats that return. |
|
| Back to top |
|
|
| paula0000 |
| Posted: Mon Feb 28, 2005 5:47 am Post subject: |
|
|
Investing Manager
|
| The duplex seems like a good idea. THere are alot of duplexes/fourplexes close to where I live. There must be a downside though because in my area there are tons for sale! |
|
| Back to top |
|
|
| wallace6 |
| Posted: Mon Feb 28, 2005 6:37 pm Post subject: Duplex Rentals |
|
|
Investing Sr. Associate
|
| The downside to owning duplexes is that you have two rental units. Twice the paperwork, twice the upkeep. The plus is that it is more economical than buying two rental properties. |
|
| Back to top |
|
|
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
