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What is the best way to get a monthly return on an investment?
Posted on 11/27/18 at 12:54 pm
Posted on 11/27/18 at 12:54 pm
Say someone was going to receive a hefty windfall. They first paid off debts, added to their emergency fund, and spent a little on fun things. Now, they want to create a monthly income on what's left from the windfall. What is the best way to do this?
10
Posted on 11/27/18 at 12:56 pm to btnetigers
It would seem rental properties would be the easiest way to get monthly cash flow if that's your biggest concern.
Posted on 11/27/18 at 1:09 pm to btnetigers
GOF
Posted on 11/27/18 at 3:01 pm to btnetigers
Rental properties baw. Make sure they cash flow $100-200+/Mo after all net expenses, and setting aside 5% for potential vacancies, and 10% for CapEx/maintenance.
You’ll get some awesome equity too, and start building wealth quickly.
Forgot to add- consider a 8% (of monthly gross rent) Property Management fee too. Even if you’re ok doing your own PM (I wouldn’t be), you want to calculate the returns as if you’re one day going to use PM services. You want as close to mailbox money as possible.
You’ll get some awesome equity too, and start building wealth quickly.
Forgot to add- consider a 8% (of monthly gross rent) Property Management fee too. Even if you’re ok doing your own PM (I wouldn’t be), you want to calculate the returns as if you’re one day going to use PM services. You want as close to mailbox money as possible.
This post was edited on 11/27/18 at 3:29 pm
Posted on 11/27/18 at 3:13 pm to btnetigers
Annuity is the easiest way to do exactly what you want, but if you ever wanted to take another sizable chunk out for something, emergency, whatever, you'd get fricked.
How much we talkin bout?
You might need to pay a fee- only CFP to walk through this, then come back and post what they said to educate all of us.
Fee-only is key.
How much we talkin bout?
You might need to pay a fee- only CFP to walk through this, then come back and post what they said to educate all of us.
Fee-only is key.
Posted on 11/27/18 at 3:28 pm to btnetigers
quote:real estate purchased without financing
What is the best way to get a monthly return on an investment?
Posted on 11/27/18 at 4:01 pm to btnetigers
Look up the stock symbol “O”
That’s your best bet.
It’s a real estate investment trust (REIT) that pays 22 cents per share every month.
That’s just over 4% annually at current stock price.
There are also numerous corporate bonds that distribute monthly coupons/payouts.
And if you’d like to buy several properties and rent them, knock yourself out.
Finally, CIM pays enormous dividends every quarter.
That’s your best bet.
It’s a real estate investment trust (REIT) that pays 22 cents per share every month.
That’s just over 4% annually at current stock price.
There are also numerous corporate bonds that distribute monthly coupons/payouts.
And if you’d like to buy several properties and rent them, knock yourself out.
Finally, CIM pays enormous dividends every quarter.
This post was edited on 11/27/18 at 4:08 pm
Posted on 11/28/18 at 6:33 am to PearlJam
quote:
real estate purchased without financing
If you have the cash, this is absolutely the best option.
Posted on 11/28/18 at 10:22 am to deeprig9
quote:
Annuity is the easiest way to do exactly what you want, but if you ever wanted to take another sizable chunk out for something, emergency, whatever, you'd get fricked. How much we talkin bout? You might need to pay a fee- only CFP to walk through this, then come back and post what they said to educate all of us. Fee-only is key.
I'm thinking like $200-400K.
Posted on 11/28/18 at 10:32 am to btnetigers
quote:buy a few duplexes.
I'm thinking like $200-400K.
Posted on 11/28/18 at 10:57 am to btnetigers
quote:
I'm thinking like $200-400K.
Dude, paid for real estate and don't look back. Could probably get 2-3 duplexes, or 2 single family homes. Would provide good, consistent monthly income even with a property manager, great equity, and if shite hits the fan, you can sell them.
Don't get cute, don't go buy a franchise that looks hot, don't buy bonds, don't buy DRIPs or Viaticles or REITs. Keep it simple and you'll be very fricking happy.
Posted on 11/28/18 at 11:09 am to Vols&Shaft83
Agreed on duplexes. And stay away from D class neighborhoods. Buy something in a ‘tweener neighborhood for good value, but will also attract quality tenants.
Too many people starting out get starry eyed at super cheap housing in the ghetto, they don’t consider the fact that homes in bad areas attract bad tenants that won’t pay, and then destroy the place when evicted.
Too many people starting out get starry eyed at super cheap housing in the ghetto, they don’t consider the fact that homes in bad areas attract bad tenants that won’t pay, and then destroy the place when evicted.
Posted on 11/28/18 at 11:28 am to bayoubengals88
quote:
It’s a real estate investment trust (REIT) that pays 22 cents per share every month.
That’s just over 4% annually at current stock price.
This seems like a super easy approach. Buying, renting, and managing real estate is great for some but a pain in the arse for others.
If he can change his requirement to quarterly rather than monthly cash flow, then it opens up a lot more passive investing options.
Posted on 11/28/18 at 11:43 am to Vols&Shaft83
quote:
Dude, paid for real estate and don't look back. Could probably get 2-3 duplexes, or 2 single family homes. Would provide good, consistent monthly income even with a property manager, great equity, and if shite hits the fan, you can sell them.
Don't get cute, don't go buy a franchise that looks hot, don't buy bonds, don't buy DRIPs or Viaticles or REITs. Keep it simple and you'll be very fricking happy.
Real estate is the default answer but with markets where they are right now, you are paying a high price for the assets. Not a great buying time for this guy. He can't diversify because that's not enough money to be diverse in real estate.
CFP can take a closer look at their personal private situation and help them make the best choice with that money.
Here, all we can do is just tell him what we would do based on our own personal circumstances.
Posted on 11/28/18 at 11:53 am to bayoubengals88
quote:
It’s a real estate investment trust (REIT) that pays 22 cents per share every month.
That’s just over 4% annually at current stock price.
With his $200,000 principle, that's $666.666 a month.
I just wanted to point that out.
This post was edited on 11/28/18 at 11:54 am
Posted on 11/28/18 at 1:20 pm to deeprig9
quote:
With his $200,000 principle, that's $666.666 a month.
I just wanted to point that out.
This is beside the point, but would anyone here be comfortable throwing that kind of money at a single REIT?
I don't think I would be.
Posted on 11/28/18 at 2:11 pm to btnetigers
Thanks y'all. Appreciate the feedback. Pretty sure a CFP will be talked to so that a solid decision can be made!
Posted on 11/29/18 at 10:00 am to btnetigers
Rentals if you dont mind being a landlord
If you're an accredited investor there's attractive yields in non traded alternatives. 6 to 8%
Theres all sorts of dividend paying securities. CEFs, pref stocks, REITs, etc
If you're an accredited investor there's attractive yields in non traded alternatives. 6 to 8%
Theres all sorts of dividend paying securities. CEFs, pref stocks, REITs, etc
Posted on 11/29/18 at 10:20 am to btnetigers
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Posted on 11/29/18 at 10:21 am to wasteland
quote:
Rentals if you dont mind being a landlord
he does not have to be a landlord with RE. This narrative needs to die.
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