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Real Estate Gurus: Rentals, Vacation, Commercial Etc.
Posted on 6/22/17 at 11:33 am
Posted on 6/22/17 at 11:33 am
Edit: Even vague personal details shouldn't be left up for too long.
This post was edited on 6/22/17 at 11:40 pm
4
Posted on 6/22/17 at 11:50 am to Freauxzen
Posted on 6/22/17 at 11:50 am to Freauxzen
If single with no family buy a multi unit to test out land lording.
If you don't like it, hire a management firm and don't tell the tennant next door you own it and search for an exit.
If you don't like it, hire a management firm and don't tell the tennant next door you own it and search for an exit.
Posted on 6/22/17 at 11:53 am to Fat Bastard
quote:
Fat Bastard
Thanks. This is helpful.
Posted on 6/22/17 at 11:54 am to eng08
quote:
If single with no family buy a multi unit to test out land lording.
If you don't like it, hire a management firm and don't tell the tennant next door you own it and search for an exit.
I figured the best single investment was multi-unit or commercial.
Posted on 6/22/17 at 12:29 pm to Freauxzen
Multi unit in a C grade area
Posted on 6/22/17 at 1:09 pm to jimbeam
quote:
Multi unit in a C grade area
Yeah for rental income, but not necessarily for rent+appreciation.
OP if you don't own a home, I'd highly recommend just doing that before you think any further beyond REIT investments. It's very easy to lose big on real estate, and realtors are looking for a sale over looking to help you investment wise most of the time. If the deal was that good to a realtor, realtors will usually make it themselves.
This post was edited on 6/22/17 at 1:09 pm
Posted on 6/22/17 at 1:12 pm to baldona
quote:
OP if you don't own a home, I'd highly recommend just doing that before you think any further beyond REIT investments. It's very easy to lose big on real estate, and realtors are looking for a sale over looking to help you investment wise most of the time. If the deal was that good to a realtor, realtors will usually make it themselves.
Sound advice.
Posted on 6/22/17 at 9:36 pm to Freauxzen
I started with a fairly new townhouse in an up and coming area. Association dues are low and I don't have to worry about the outside at all. The person that lived there before I bought it was clean and took care of it so I didn't have to do anything to it. I researched what I could get from rent from the devolopment and surrounding similar places. I bought it for 142k in May of 2015 and rented it out for $1200/month in a week so I had a month and half of rent before my first payment was even due. Similar units are now going for $195-$200k and I am now renting it out for $1400/month. I screened the tenants at 3x gross income and did a background and credit check and it's been incredibly easy so far which led me to buying 3 more shortly thereafter.
This post was edited on 6/22/17 at 9:38 pm
Posted on 6/22/17 at 11:39 pm to Serraneaux
That's a good play. Would be nice to find something like that.
Posted on 6/23/17 at 8:33 am to Freauxzen
If you're looking for a commercial property leased to a national tenant send me an email
gotigersgo88 At Yahoo
gotigersgo88 At Yahoo
Posted on 6/23/17 at 1:24 pm to Freauxzen
This post was edited on 12/21/21 at 11:12 am
Posted on 6/23/17 at 4:39 pm to XanderCrews
quote:
Not being a smart A. But its already cached somewhere. But I understand the point.
True. But it was really just narrative. Nothing specific.
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