[quote=bearishgurl]Yes, flu. I stand by my assertion and $400K in WAY TOO MUCH to pay for a “bread and butter” (as AN would call it) rental house, ESP in MM! I won’t speak for AN but he would probably agree ;=]
$100K – $250K (w/o MR and HOA) is a MUCH more doable price point where the owner wouldn’t be sucking swamp water with taxes and fees thru the inevitable vacancies (referring to free and clear owners here).[/quote]
BG, that’s not what I was saying. When folks were talking previously about opportunities in various areas including MM, you immediately were like “terrible investment all around,etc,etc,etc”…
I’m sorry. But you talk a lot about how things *should* be. But when it comes to these opportunities, things are always 100% clear in hindsight.
So, I just don’t get what your plan is to be an experienced RE landlord without a willingness/understanding of how the markets are actually working, because it’s not as simple as just waking up one day, saying I want to buy that property that yields a 10%+ roi, and be done with it…If it were THAT easy, a lot of people (including me) would be all over it.
It’s the same blanket statement about investment vehicle X (in this case 401k) being completely bad. It’s these personal bias that are really gonna kill one’s investments and opportunities imho, because these are subjective opinions, not necessarily based on what is happening or facts.
