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bearishgurl
ParticipantIf I have this straight, sdr thinks my owning “3 TV’s” in my house situated in a “lower middle class neighborhood at best,” (lol) have somehow “skewed” my values. FWIW, when I moved in over ten years ago, I only had the 1988, with rabbit ears. I bought the 2nd TV for one of my kids ($160) and they used rabbit ears as well. I didn’t get cable until a year after that. The first year or so I owned the HDTV, no HDTV channels were even available in my area! It was an out-of-the-box floor display and I bought it for half-price at the time. (Similar-sized flatscreens at that time were $3500 – $5500.)
When I DID finally hook up an HDTV box to it, I got only four HDTV channels for the first 3 years of svc.
In March of 2010, I turned in my box and shut my cable service off, because it became too expensive. In April of this year, I had the cable and box reconnected, when made a good offer by the cable company. Up to this day, I have only watched about one hour of TV per week (and sometimes not even that). My TV’s were/are for my kid(s).
When my last kid leaves for college, I will promptly be turning in my cable box and shutting my service off.
The $$ I could get for my old TVs (in combination with my “good looks”) could possibly buy me a decent haircut, lol!
And sdr, you have NO IDEA how “partially-employed” I am …. or not. I could say the same about you. Did you ever consider that it is entirely possible that I can post on blogs, chew gum and “work” all at the same time? To your benefit, this just happens to be a “working weekend” for me :=]
How many TV’s do YOU have, sdr?? Just curious.
ParticipantIf I have this straight, sdr thinks my owning “3 TV’s” in my house situated in a “lower middle class neighborhood at best,” (lol) have somehow “skewed” my values. FWIW, when I moved in over ten years ago, I only had the 1988, with rabbit ears. I bought the 2nd TV for one of my kids ($160) and they used rabbit ears as well. I didn’t get cable until a year after that. The first year or so I owned the HDTV, no HDTV channels were even available in my area! It was an out-of-the-box floor display and I bought it for half-price at the time. (Similar-sized flatscreens at that time were $3500 – $5500.)
When I DID finally hook up an HDTV box to it, I got only four HDTV channels for the first 3 years of svc.
In March of 2010, I turned in my box and shut my cable service off, because it became too expensive. In April of this year, I had the cable and box reconnected, when made a good offer by the cable company. Up to this day, I have only watched about one hour of TV per week (and sometimes not even that). My TV’s were/are for my kid(s).
When my last kid leaves for college, I will promptly be turning in my cable box and shutting my service off.
The $$ I could get for my old TVs (in combination with my “good looks”) could possibly buy me a decent haircut, lol!
And sdr, you have NO IDEA how “partially-employed” I am …. or not. I could say the same about you. Did you ever consider that it is entirely possible that I can post on blogs, chew gum and “work” all at the same time? To your benefit, this just happens to be a “working weekend” for me :=]
How many TV’s do YOU have, sdr?? Just curious.
Participant[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.
I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]
SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?
When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.
Participant[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.
I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]
SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?
When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.
Participant[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.
I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]
SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?
When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.
Participant[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.
I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]
SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?
When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.
Participant[quote=SD Realtor]My advice would be to seek advice from those who actually are investment property owners. That would be rule 1.
I manage my two SD rentals, one is a condo and the other is a small home and have a couple sfrs out of state. The smaller the home the easier it is to manage. Once you start renting out something that involves families with kids you will experience more repair work. I think for a first timer I would stick with a small condo or two if you can but go with what works for you. Also my advice would be to try to take advantage of the current cheap financing as well I wouldn’t discount what clearfund wrote as well. It is a different avenue but the end goal is the same for all of us.[/quote]
SDR, is either your condo or house in SD currently rented to families with child(ren)? Have you ever rented them to families with children?
When I had my rentals, I only got applications from families (usually active-duty military). I would think renting to separate single roommates (who have a tendency to “skip the lease” on each other) or party-animal singles would be a PITA and your damage to the unit would be greater upon move out than with families. Older singles/couples and senior citizens would be preferable.
Participant[quote=sdrealtor]You are anything but typical and you have 3 TV’s. Case closed[/quote]
Wait a minute! I’ll sell you both of the old ones for $50!!
Participant[quote=sdrealtor]You are anything but typical and you have 3 TV’s. Case closed[/quote]
Wait a minute! I’ll sell you both of the old ones for $50!!
Participant[quote=sdrealtor]You are anything but typical and you have 3 TV’s. Case closed[/quote]
Wait a minute! I’ll sell you both of the old ones for $50!!
Participant[quote=sdrealtor]You are anything but typical and you have 3 TV’s. Case closed[/quote]
Wait a minute! I’ll sell you both of the old ones for $50!!
Participant[quote=sdrealtor]You are anything but typical and you have 3 TV’s. Case closed[/quote]
Wait a minute! I’ll sell you both of the old ones for $50!!
Participant[quote=clearfund]Bearish – Yes, I am a commercial guy but not sure where you get “large multi-family complexes” from my post as there was no mention of that. However, if you bothered to read the end of my post I stated that educating oneself on how commercial works will serve you well on residential investments too.
Obviously there are good deals to be had in the residential world as many smart people have been very successful.[/quote]
Yes, I did see that part. I am not familiar with the ins and outs of comm’l RE leases and have done little transactional work (biz formation only). I agree that having this knowledge is important if one has the capital to invest in this market. Perhaps I will have a chance in the future to learn about this interesting area from an attorney or law firm.
Participant[quote=clearfund]Bearish – Yes, I am a commercial guy but not sure where you get “large multi-family complexes” from my post as there was no mention of that. However, if you bothered to read the end of my post I stated that educating oneself on how commercial works will serve you well on residential investments too.
Obviously there are good deals to be had in the residential world as many smart people have been very successful.[/quote]
Yes, I did see that part. I am not familiar with the ins and outs of comm’l RE leases and have done little transactional work (biz formation only). I agree that having this knowledge is important if one has the capital to invest in this market. Perhaps I will have a chance in the future to learn about this interesting area from an attorney or law firm.
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