- This topic has 185 replies, 19 voices, and was last updated 15 years, 2 months ago by
Nor-LA-SD-guy.
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February 28, 2009 at 12:07 PM #357866February 28, 2009 at 2:37 PM #357325
temeculaguy
ParticipantAll good advice, I think I’ll just watch and wait, hopefully research and learn while I wait. Hasty is not my style anyway. I only prematurely gave a second thought because the numbers were so good. When I was devising my plan to rule the world, I figured i’d buy two rentals at about 100k each, making sure their 2003 price was at least 200k and that they were cash positive from day one. Then after 5 or 10 years, hopefully the 2003 values would return, sell one, pay off the other and milk that cow forever. The issues about older houses needing repair, vacancies, density, etc. are all valid points, I think I’ll listen since it does seem to be the consensus, and it is highly unlikely the landscape will get better over the next year.
February 28, 2009 at 2:37 PM #357629ParticipantAll good advice, I think I’ll just watch and wait, hopefully research and learn while I wait. Hasty is not my style anyway. I only prematurely gave a second thought because the numbers were so good. When I was devising my plan to rule the world, I figured i’d buy two rentals at about 100k each, making sure their 2003 price was at least 200k and that they were cash positive from day one. Then after 5 or 10 years, hopefully the 2003 values would return, sell one, pay off the other and milk that cow forever. The issues about older houses needing repair, vacancies, density, etc. are all valid points, I think I’ll listen since it does seem to be the consensus, and it is highly unlikely the landscape will get better over the next year.
February 28, 2009 at 2:37 PM #357768ParticipantAll good advice, I think I’ll just watch and wait, hopefully research and learn while I wait. Hasty is not my style anyway. I only prematurely gave a second thought because the numbers were so good. When I was devising my plan to rule the world, I figured i’d buy two rentals at about 100k each, making sure their 2003 price was at least 200k and that they were cash positive from day one. Then after 5 or 10 years, hopefully the 2003 values would return, sell one, pay off the other and milk that cow forever. The issues about older houses needing repair, vacancies, density, etc. are all valid points, I think I’ll listen since it does seem to be the consensus, and it is highly unlikely the landscape will get better over the next year.
February 28, 2009 at 2:37 PM #357799ParticipantAll good advice, I think I’ll just watch and wait, hopefully research and learn while I wait. Hasty is not my style anyway. I only prematurely gave a second thought because the numbers were so good. When I was devising my plan to rule the world, I figured i’d buy two rentals at about 100k each, making sure their 2003 price was at least 200k and that they were cash positive from day one. Then after 5 or 10 years, hopefully the 2003 values would return, sell one, pay off the other and milk that cow forever. The issues about older houses needing repair, vacancies, density, etc. are all valid points, I think I’ll listen since it does seem to be the consensus, and it is highly unlikely the landscape will get better over the next year.
February 28, 2009 at 2:37 PM #357905ParticipantAll good advice, I think I’ll just watch and wait, hopefully research and learn while I wait. Hasty is not my style anyway. I only prematurely gave a second thought because the numbers were so good. When I was devising my plan to rule the world, I figured i’d buy two rentals at about 100k each, making sure their 2003 price was at least 200k and that they were cash positive from day one. Then after 5 or 10 years, hopefully the 2003 values would return, sell one, pay off the other and milk that cow forever. The issues about older houses needing repair, vacancies, density, etc. are all valid points, I think I’ll listen since it does seem to be the consensus, and it is highly unlikely the landscape will get better over the next year.
March 1, 2009 at 3:21 AM #357545djc
ParticipantBe aware of potential tenants that work on the res. You can sue them in small claims all you want, but the res will tell you to GFY if you try to garnish wages.
Happened to someone I know in Temec.
March 1, 2009 at 3:21 AM #357847ParticipantBe aware of potential tenants that work on the res. You can sue them in small claims all you want, but the res will tell you to GFY if you try to garnish wages.
Happened to someone I know in Temec.
March 1, 2009 at 3:21 AM #357988ParticipantBe aware of potential tenants that work on the res. You can sue them in small claims all you want, but the res will tell you to GFY if you try to garnish wages.
Happened to someone I know in Temec.
March 1, 2009 at 3:21 AM #358019ParticipantBe aware of potential tenants that work on the res. You can sue them in small claims all you want, but the res will tell you to GFY if you try to garnish wages.
Happened to someone I know in Temec.
March 1, 2009 at 3:21 AM #358124ParticipantBe aware of potential tenants that work on the res. You can sue them in small claims all you want, but the res will tell you to GFY if you try to garnish wages.
Happened to someone I know in Temec.
March 1, 2009 at 7:59 AM #357550NotCranky
ParticipantWhat? No greed TG? Most important thing you could lack for this type of enterprise. Good Luck when and if you decide to go for it.
March 1, 2009 at 7:59 AM #357852ParticipantWhat? No greed TG? Most important thing you could lack for this type of enterprise. Good Luck when and if you decide to go for it.
March 1, 2009 at 7:59 AM #357993ParticipantWhat? No greed TG? Most important thing you could lack for this type of enterprise. Good Luck when and if you decide to go for it.
March 1, 2009 at 7:59 AM #358024ParticipantWhat? No greed TG? Most important thing you could lack for this type of enterprise. Good Luck when and if you decide to go for it.
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