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Posted on 3/27/25 at 3:02 am to fareplay
Owning rental properties as a retirement strategy definitely takes time before it starts making financial sense, especially with high-value homes like yours. It’s tough to have negative cash flow and still justify holding onto a property solely for appreciation, since it’s essentially tying up equity that might be better deployed elsewhere. Depending on your tax situation, exploring cost segregation on your property could help since it allows you to accelerate depreciation and improve cash flow in the short term.
I’ve seen real estate investors benefit from this approach using Cost Segregation Guys. Their studies help break down assets for faster depreciation, which can significantly reduce tax liability. Might be worth looking into.
I’ve seen real estate investors benefit from this approach using Cost Segregation Guys. Their studies help break down assets for faster depreciation, which can significantly reduce tax liability. Might be worth looking into.
This post was edited on 3/31/25 at 6:25 am
Posted on 3/29/25 at 8:49 pm to fareplay
Grew up with a step dad who owned a massive section 8 portfolio.
Worked in my 20's under Richard Davis at Trademark in Charleston. You'd recall he was the original house flipper on television.
I now build and operate long term only campgrounds. And owner finance instead of own rental properties. For the $2/3/400k in cash/credit you'd put to sleep in one house. Hoping to do all that work to maybe pull 8.5% ROI. I'll give you 12% interest back on your money monthly. With undervalued real estate with infrastructure in place as a guarantee.
Real Example: Bought 7.62 acres with 4 trailers, a creek and infrastructure 5 minutes from Clemson's campus. I need $75k in infrastructure money to build out 20 sites. Which will gross $650 per month I'll give you first lien position on that piece of real estate in exchange for the $75k at 12%.
Being a traditional landlord stinks. Property is too expensive, interest rates suck and rents are coming down. This isn't rocket surgery.
So to answer your question, NO unless the home is paid off. Being a landlord today is a terrible retirement option. Feel free to DM with any questions.
Worked in my 20's under Richard Davis at Trademark in Charleston. You'd recall he was the original house flipper on television.
I now build and operate long term only campgrounds. And owner finance instead of own rental properties. For the $2/3/400k in cash/credit you'd put to sleep in one house. Hoping to do all that work to maybe pull 8.5% ROI. I'll give you 12% interest back on your money monthly. With undervalued real estate with infrastructure in place as a guarantee.
Real Example: Bought 7.62 acres with 4 trailers, a creek and infrastructure 5 minutes from Clemson's campus. I need $75k in infrastructure money to build out 20 sites. Which will gross $650 per month I'll give you first lien position on that piece of real estate in exchange for the $75k at 12%.
Being a traditional landlord stinks. Property is too expensive, interest rates suck and rents are coming down. This isn't rocket surgery.
So to answer your question, NO unless the home is paid off. Being a landlord today is a terrible retirement option. Feel free to DM with any questions.
Posted on 3/29/25 at 10:55 pm to fareplay
You’re not going to get rich off buying a rental house or two. Generally speaking real estate is a slow burn towards financial freedom…especially if it’s your primary vehicle towards making it. It’s different if you’re just diversifying your wealth by investing in some real estate. Sorry to be the bearer of bad news. You can get lucky with timing once in a while and catch the market just right. Doesn’t happen with a lot of frequency tho. We had the 08-09 crash that created opportunities and then we had 2020 inflation of assets while rates stayed stupid low. Those events were 11-12 yrs apart. Not saying don’t invest in RE, but consider all options to make sure it’s the best.
Posted on 3/30/25 at 5:11 am to fareplay
Hold it. The value is. Going up
Posted on 3/30/25 at 5:53 pm to fareplay
I still can’t believe somebody hired you. I guess even mentally retarded kids can find work.
Posted on 3/31/25 at 10:31 am to GhostofJimMorrison
quote:
I now build and operate long term only campgrounds. And owner finance instead of own rental properties. For the $2/3/400k in cash/credit you'd put to sleep in one house. Hoping to do all that work to maybe pull 8.5% ROI. I'll give you 12% interest back on your money monthly. With undervalued real estate with infrastructure in place as a guarantee.
Real Example: Bought 7.62 acres with 4 trailers, a creek and infrastructure 5 minutes from Clemson's campus. I need $75k in infrastructure money to build out 20 sites. Which will gross $650 per month I'll give you first lien position on that piece of real estate in exchange for the $75k at 12%.
How much supervision do you have to do daily? The people that I know that have RV parks have a manager that goes there most week days.
One of the guys I know also has like showers, laundry and a few other amenities on site, so he needs a maid.
Posted on 3/31/25 at 9:14 pm to fareplay
quote:
Can only speak for Redfin but have been consistently going up (probably same with all homes near a city)
Stocks go up too. No maintenance costs, no management costs, no taxes on appreciation until you sell, and way more liquid.
Sell the house. Invest the money in a good dividend fund like SCHD and total market or S&P 500 fund. You get headache free royalty money and appreciation growth
Posted on 4/11/25 at 10:35 pm to GeauxTigers123
quote:
How much supervision do you have to do daily? The people that I know that have RV parks have a manager that goes there most week days.
One of the guys I know also has like showers, laundry and a few other amenities on site, so he needs a maid.
Pardon my late response, I do absolutely NONE of that BS. I probably did a poor job explaining it. But I've created a campground hybrid business so to speak. First I stick to what I call a micro model. 6/8 site campgrounds but I have one that will be 20 sites. I've always been able to find one old ex military type who will oversee for me in exchange for reduced rent. The landscapers are picking off, he lets me know. I move in someone whose not a good fit, he lets me know.
You have to remove your mindset from the traditional campground. I'm in LONGTERM, I"m affordable housing alternative. I want easy income forecasting. I don't want anyone who can't wash or shart in their own camper in my campgrounds.
I have the best of being a landlord with none of the hassle. Eventually I'll be making roughly $550 per door. Meanwhile its their toilet, roof and ac unit.
Cabins, showers, etc come with problems and a need for employees.
Posted on 4/12/25 at 6:08 pm to fareplay
quote:
I’m open to being convinced otherwise but I’m also concerned my kids can’t afford a home in the future
Dude, your kids will be able to afford a house all across this country as long they’re not paying $70k a year for a mortgage like someone they know close and dear to them.
Plenty of homes across America still under $150k.
Posted on 4/13/25 at 8:35 am to SwampMonster
quote:
Plenty of homes across America still under $150k.
I see it everyday, I say it everyday. The problem is peoples expectations and they're a bunch of winy pussies.
Theres a guy who worked for me for a bit. Great kid, smart, financially savvy and just grounded. He called me yesterday, he bought a brand new house in a Ryan homes subdivision at $230k (3 bed, 2 bath, 2 car garage). Used a USDA loan at 4.25% for 30 with no money down.
Posted on 4/13/25 at 6:24 pm to barry
quote:
It's a lot easier to make money owning and renting cheap properties vs. expensive ones.
You can buy a vacation property for cheaper and rent it out more per night than he’s charging.
Posted on 4/13/25 at 9:24 pm to makersmark1
It’s my opinion is that you invest in things you understand, I understand rental properties. I just don’t care for doing little projects that need to be done to avoid calling a electrician or plumber etc
Posted on 4/13/25 at 9:33 pm to dgnx6
I did vacation properties and yes can charge more as well as have something you can go and enjoy. I had sold mine as the family I had partnered with couldn't stop fighting. All they had to do was shut up and cash the checks. When I looked to get back in myself I found insurance and hoa's to be a real kick in the nuts
Posted on 4/13/25 at 9:36 pm to GhostofJimMorrison
I would love to explore this more. I always felt there wasn't as much demand burning am finding out i am very wrong
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