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why would anyone NOT own rental properties?
Poast new message in this thread
Date: May 21st, 2018 2:58 AM Author: curious burgundy business firm pozpig (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094767) |
Date: May 21st, 2018 3:00 AM Author: Chest-beating dragon (guy not mining shitcoins at higher ROI) (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094769) |
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Date: May 21st, 2018 3:01 AM Author: Bearded Cordovan Nibblets State Are shitcoins still a thing? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094770) |
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Date: May 21st, 2018 3:01 AM Author: curious burgundy business firm pozpig i still don't trust that shit. ya'll are going to lose your asses in the end. bricks & mortar FTW |
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Date: May 21st, 2018 3:04 AM Author: Chest-beating dragon (guy not constantly cashing it into fiat) (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094773) |
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Date: May 21st, 2018 3:51 AM Author: sienna toilet seat Crrrrrr (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094811) |
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Date: May 21st, 2018 3:13 AM Author: Exhilarant Indigo Ceo Stag Film bc being a slumlord is for prole ethnics who dont trust the market (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094778) |
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Date: May 21st, 2018 3:15 AM Author: Chest-beating dragon LA and vegas are all shithead israeli kikes selling to chinks any minute now (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094779) |
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Date: May 21st, 2018 3:15 AM Author: curious burgundy business firm pozpig wow, you sound prestigious. is this Thurston Howell, III? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094780) |
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Date: May 21st, 2018 8:53 AM Author: Purple lettuce hell (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095224) |
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Date: May 21st, 2018 3:18 PM Author: Stubborn Coffee Pot (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098167) |
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Date: May 21st, 2018 3:35 AM Author: Razzle-dazzle station Not wanting to interact with tenants/prospective tenants, deal with their late rent, section 8 bullshit, getting the property trashed, cops called, neighbors complaining (especially if they are owners). It really sucks.
Who wants to have to create value in exchange for money? |
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Date: May 21st, 2018 3:35 AM Author: curious burgundy business firm pozpig there are companies that will do all that for a small fee. but point taken. it does suck. |
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Date: May 21st, 2018 3:37 AM Author: Exhilarant Indigo Ceo Stag Film the (((small fee))) sucks up most of your profit (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094799) |
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Date: May 21st, 2018 3:50 AM Author: Razzle-dazzle station Cr and those companies pay their employees almost nothing. Good luck getting them to do a good job screening tenants or stopping the place from turning into Crackville.
It's also worth noting that being a landlord puts a bullseye on your back for all kinds of taxes and regulations by the local government. I bet my mortgage has all kinds of rules about what amount of rent I can legally charge and these clauses can be used to stab me in the throat at any time if I try to do something AWFUL like rent to family members for slightly below market or something. It's frightening. Going into business is for the wealthy and connected for a good reason. |
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Date: May 21st, 2018 8:52 AM Author: Glittery Giraffe Not if you do it right. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095220) |
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Date: May 21st, 2018 11:16 AM Author: Exhilarant Indigo Ceo Stag Film doing it right is being a slumlord and fixing ur own shit (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36096002) |
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Date: May 21st, 2018 3:58 AM Author: filthy juggernaut Well having your tax losses get suspended is kinda TTT (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36094818) |
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Date: May 21st, 2018 6:59 AM Author: Arousing Avocado Stage Doctorate Paperwork jfc (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095043) |
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Date: May 21st, 2018 8:55 AM Author: Flushed box office enjoy fixing toilets on weekends bro (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095230) |
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Date: May 21st, 2018 4:49 PM Author: Plum Contagious Macaca Brunch (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098886) |
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Date: May 21st, 2018 11:48 PM Author: vivacious base (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101933) |
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Date: May 21st, 2018 8:56 AM Author: excitant institution not a bad deal but you need to know the procedures for eviction in your state and you have to get good tenants (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095235) |
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Date: May 21st, 2018 10:26 AM Author: Maize Razzmatazz Garrison (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095669) |
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Date: May 21st, 2018 8:57 AM Author: mustard pocket flask Its gotta be like a 15-20%+ return net of all expenses and management fees a minimum return cash on cash anually IMO to be worth it - and good luck finding that kind of return profile in most places unless you are doing some special stuff like buying an REO and fixing it up and renting it or getting unlisted deals. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36095238) |
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Date: May 21st, 2018 3:01 PM Author: Hot brindle trump supporter affirmative action Doesn’t seem profitable in major cities. Show me how this could work. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098018) |
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Date: May 21st, 2018 3:04 PM Author: Jet-lagged marvelous new version haunted graveyard Muni bonds give you better return for essentially ZERO risk and infinitely less work (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098045) |
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Date: May 21st, 2018 5:36 PM Author: bossy floppy degenerate (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099178) |
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Date: May 21st, 2018 3:05 PM Author: Yapping Jap Location I aspire to multiple rental properties (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098055) |
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Date: May 21st, 2018 3:17 PM Author: Stimulating theater stage ratface A good friend of mine took over managing his father-in-law’s property portfolio. He is a clueless boomer who was driving around picking up checks each month from his tenants. My friend automated a bunch of shit and his father-in-law thinks he is a genius now. He is set to inherit something like $40 million in property.
The guy’s deal is to buy up a bunch of foreclosures at auction for like $40K (this is in ARE country) and rent them out for $1,400 a month as Section 8 housing. My wife and I are thinking about buying some of these shitholes and having my dad handle managing them. He is bored out of his mind in retirement and would be glad to do it. That passive income stream is hard to beat.
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Date: May 21st, 2018 4:05 PM Author: curious burgundy business firm pozpig this guy gets it ^^^^ (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098495) |
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Date: May 21st, 2018 4:12 PM Author: jet heaven not just that. you get to write off a bunch of shit. lowering your taxes is one of life's hacks (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098563) |
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Date: May 21st, 2018 5:37 PM Author: bossy floppy degenerate Not nearly enough. You lose a lot of write-offs when your AGI goes above 150K.
I was pissed the first time I couldn't offset my rental "losses" because I made too much money at my normal job. |
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Date: May 21st, 2018 4:51 PM Author: Plum Contagious Macaca Brunch PLEASE put a Boomer in charge of a shithole.
The subsequent premise liability lawsuits will be EPIC!
I made good money off a Boomer slumlord who was managing the property for his absentee-daughter. |
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Date: May 21st, 2018 7:24 PM Author: Stimulating theater stage ratface My dad is a retired engineer who is responsible and great at fixing shit. He would do a better job than me managing a property. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36100064) |
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Date: May 21st, 2018 11:49 PM Author: vivacious base (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101945) |
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Date: May 21st, 2018 5:22 PM Author: mauve passionate cuck office no offense, but people who do shit like this are absolute scum, and a big reason why the USA has deteriorated to such an extent
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Date: May 21st, 2018 7:23 PM Author: Stimulating theater stage ratface It is a fucked up situation - but we live in an every man for himself world. If I can get money so I don't have to live in fear of being perma-fucked by my GC overlords I am going to do it. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36100050) |
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Date: May 21st, 2018 7:32 PM Author: disturbing theatre It's a vicious cycle (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36100111) |
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Date: May 21st, 2018 3:17 PM Author: 180 plaza philosopher-king storage units (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098162) |
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Date: May 21st, 2018 3:18 PM Author: Diverse boiling water church building because you can get better returns elsewhere? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098164) |
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Date: May 21st, 2018 4:07 PM Author: jet heaven know a dood who owns several rental properties. shitbag tenants have a lot of rights that make things awful for landlord. thanks Libs!!!!!!! (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098508) |
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Date: May 21st, 2018 4:52 PM Author: Plum Contagious Macaca Brunch This is accurate.
I'm surprised more ShitLaw Kings don't focus on suing slumlords. |
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Date: May 21st, 2018 5:03 PM Author: bespoke dashing brethren there probably are some shitlaw kings that focus on this type of thing in states that provide for fee-shifting. No shitlawyer worth his salt would take the case otherwise. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098979) |
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Date: May 21st, 2018 11:51 PM Author: vivacious base (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101959) |
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Date: May 21st, 2018 4:53 PM Author: bossy floppy degenerate (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098921) |
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Date: May 21st, 2018 5:01 PM Author: aquamarine candlestick maker (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098968) |
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Date: May 21st, 2018 5:01 PM Author: aquamarine candlestick maker In short: the government.
Between taxes, tenant rights, etc. it becomes not worth it. |
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Date: May 21st, 2018 5:05 PM Author: Ruby electric furnace Put that money into index funds, its a lot less work for similar roi, far greater liquidity and diversification options. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36098988) |
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Date: May 21st, 2018 5:15 PM Author: jet heaven what about REITs? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099035) |
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Date: May 21st, 2018 5:17 PM Author: aquamarine candlestick maker Definitely a better option than actually being a landlord yourself and has similar upside and risks. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099046) |
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Date: May 21st, 2018 5:30 PM Author: bespoke dashing brethren When you invest in real estate you can use LEVERAGE to multiply your ROI (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099144) |
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Date: May 21st, 2018 5:34 PM Author: Ruby electric furnace I agree with this and i made this argument when deciding whether to buy or rent. But for most people, once they have a mortgage on their home that is a huge chunk of their investment capital. Anything more comes at a big cost from a diversification perspective. Dont want to put it all in real estate. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099164) |
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Date: May 21st, 2018 5:38 PM Author: bespoke dashing brethren I think we're talking about investment properities here, not primary residences (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099189) |
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Date: May 21st, 2018 5:46 PM Author: aquamarine candlestick maker If your primary residence tanks due to the market then good chance the value of your investment property will tank too. That's the problem with lack of diversification. So if you have a $600k house and a 300k investment property and $100k in all other investments, then 90% of your investment is in real estate. If RE tanks your net worth will tank too.
EDIT: Also, even worse is that people tend to buy investment properties near their primary residences, so that's even less diversification. |
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Date: May 21st, 2018 5:56 PM Author: bespoke dashing brethren ITT: TMF argues with people to justify his investment decisions (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099326) |
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Date: May 21st, 2018 11:07 PM Author: aquamarine candlestick maker Ha, little do you know that I sold my REITs to buy my property, so sadly, this is like the opposite of what I'm doing. But yeah, I'll buy them again when my original property sells. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101586) |
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Date: May 21st, 2018 5:44 PM Author: aquamarine candlestick maker (guy who has never heard of trading on margin) (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099226) |
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Date: May 21st, 2018 5:56 PM Author: bespoke dashing brethren yep just trade those index funds on margin like you wife suggested. Get your fucking stories straight. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099322) |
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Date: May 21st, 2018 11:08 PM Author: aquamarine candlestick maker ? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101592) |
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Date: May 21st, 2018 6:25 PM Author: jet heaven can't you use leverage in investing world too? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099571) |
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Date: May 21st, 2018 6:33 PM Author: bespoke dashing brethren It's a lot easier to do so in real estate (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099652) |
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Date: May 21st, 2018 7:25 PM Author: Bearded Cordovan Nibblets State Describe (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36100069) |
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Date: May 21st, 2018 11:08 PM Author: aquamarine candlestick maker Not really. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101590) |
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Date: May 21st, 2018 5:13 PM Author: Exciting coiffed legal warrant resort Commercial >>>>> residential (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099025) |
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Date: May 21st, 2018 5:22 PM Author: mauve passionate cuck office cr (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099081) |
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Date: May 21st, 2018 5:47 PM Author: aquamarine candlestick maker This is another vote in favor or REITs. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36099246) |
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Date: May 21st, 2018 11:39 PM Author: hyperventilating cream range XOXO is so fucking dumb. "A REIT is more efficient than owning a rental property!!"
Maybe, but no one is going to give you a non-recourse loan to buy REIT stock. So you're talking the difference between 10% gains on $200k vs 10% gains on $1 million.
In five year one person will have made roughly a 50% ROI while the other will have made roughly 250%. |
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Date: May 21st, 2018 11:43 PM Author: curious burgundy business firm pozpig (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101894) |
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Date: May 21st, 2018 11:47 PM Author: vivacious base (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101930) |
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Date: May 21st, 2018 11:49 PM Author: hyperventilating cream range You give the property back to the bank and they handle it. Not sure you'd be much better off with your REIT stock. (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101946) |
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Date: May 21st, 2018 11:52 PM Author: vivacious base (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101966) |
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Date: May 21st, 2018 11:52 PM Author: aquamarine candlestick maker (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101968) |
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Date: May 21st, 2018 11:53 PM Author: aquamarine candlestick maker What are the chances you will get fucked by a renter who lost his job in an economic crash but that won't move out with REITs vs owning properties? (http://www.autoadmit.com/thread.php?thread_id=3982598&forum_id=2#36101978) |