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re: Another reason why real estate > stock market
Posted on 1/5/14 at 2:51 pm to LSURussian
Posted on 1/5/14 at 2:51 pm to LSURussian
quote:
I would not want to have to deal with the type of tenant who rents a house that was recently sold for only $20,000 and can only afford to pay $700/month for a HOUSE.
I guess this mindset is why I don't have more competition. I'm up to quite a few rentals now and none of my tenants make less than $40,000 a year. Only had 4 calls of problems since 2008.
Just bringing up discussion that there are other investing and retirement avenues than the stock market. You bring knowledge about stocks, I'm just trying to do the same with RE.
2
Posted on 1/5/14 at 2:53 pm to I Love Bama
quote:And you believe that is 'middle class'???
none of my tenants make less than $40,000 a year.
Posted on 1/6/14 at 7:50 pm to I Love Bama
quote:Extreme lower middle class maybe. May be middle class to the media but around $50K doesn't seem like middle class
'm up to quite a few rentals now and none of my tenants make less than $40,000 a year.
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