[quote=bearishgurl]
I have to question a few things mentioned here. Firstly, Ren lives in Riverside County, CA, no? If he is considering buying investment properties in these rather lower-end, “investor-type” areas in the (transient) cities of FL and AZ that he mentioned, he will attract marginal tenants, IMHO.
[/quote]
There’s nothing humble about your opinion, BG. Arrogance is your calling card.
Do you know what your problem is? I mean besides pompous social ineptitude? It’s that you assume too much. You assume everyone who doesn’t agree with you is an idiot. You assume we didn’t do any homework whatsoever – in reality, anyone who goes 6 months without a tenant did everything wrong, beginning with location. It is possible to mitigate risk, you know.
For someone who spends such an inordinate amount of time here, you’ve got a lot wrong about me, including something I posted in this very thread. Even after reading that I have no intention of selling for a profit, half your rant was about that very thing (with liberal use of lol’s and smilies to make sure you put me in my place after my imagined misstep).
It isn’t about appreciation or selling – it’s about having the available income and cash to put a lot down on a lot of property (we do), cash flowing well beyond PITI, maintenance, vacancies, and management (if applicable), being smart about what, where, and when we buy, being smart about renting those properties, and living below our means. Selling property in 30 years won’t make a student loan or car payment when it’s needed, but cash flow will, if the numbers make sense before we buy. We also have no intention of buying when we move back to the coast.
Your endless, insulting, bizarre posts are the sole reason I don’t visit here much anymore, and I’m guessing the same holds true for others. I’m sure many would appreciate it if you found another hobby.
