I’ve had some luck with EQR lately. Doesn’t this seem less risky than buying one hut?
Not leveraged, prob no big upside…but 3 perc. Div.[/quote]
not sure…. maybe.
My 401k plan has a fidelity REIT i think fsrnx… i guess i just like the real thing. like i like physical gold versus the paper gold.
One condo looked ok , the other one that was more looked and smelled like a dump.
ill put an offer for the for the first one. its still much less than the other property i cancelled escrow on because i got cold feet.[/quote]
EQR is just residential real estate, if that feels more landlordy to you. 50k into that seems wayless scary than throwing 50k into a down payment into a smelly condo.[/quote]
The property I got cold feet on was in an area i didnt know too well, and I started to have concerns after I made a test for rent post on Zillow while in escrow. I learned $2900/month was a more realistic rent price, not $3100 i was initially thinking, and even at $2900, i wasnt getting as high a frequency of new tenants interest as i was use to seeing at Mira Mesa. There also seems to be a lot more rental supply there. So i decided I should stick to what i know…
Some of the condos Im considering are in the same complex as the ones i have now so its a known known. i think i’ll double check but one of my tenants wanted to move up to a 2/2 so i’ll give a slight discount, and the 1/1 he is in should be easy to rent once i have someone post in the Qualcomm internal website. its worked out well so far (knock on wood) and I think I’ve gotten my process dialed in pretty good. i dont think QC is going anywhere especially as their 5G biz picks up…Also, Once I know of a colleague that works at Apple here, maybe i can do the same thing.
Engineers starting out make great tenants. High enough income, high credit score(usually), usually pretty low PITA factor. Knock on wood…I haven’t had any major problems with engineers renting from me in the past 10 years. They seem to stay for a long time and are trouble free. Maybe as reliable as an old miata.
