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SD Realtor
ParticipantDave I think it could be argued that the relationship between housing prices and salaries for a given region would alter the formula you put forth. For the most part I would agree with that formula for most of the country however I think it doesn’t hold up as well for areas with distorted prices. For proportional price hikes the buyers pool shrinks more rapidly in the distorted regions especially as lending standards tighten up.
ParticipantI think it does reflect an aggregated lack of faith in many things. Really do you believe the government can figure out a solution? Do you think the private market can figure it out? It also does indicate that many people know the next bubble to burst will be the bond market. Honestly you can only build up so much debt until liquidation is the only real option. I think many people understand that. QE1 – N will do nothing but to continue to prolong the game but in the end reconciliation will be necessary.
ParticipantWhy is this madness?
ParticipantYes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.
This is based on experience rather then speculation.
ParticipantYes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.
This is based on experience rather then speculation.
ParticipantYes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.
This is based on experience rather then speculation.
ParticipantYes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.
This is based on experience rather then speculation.
ParticipantYes my sfr in sd is rented to a family with a child. My condo is not. My out of state rentals have two families and one couple woth no kids. I have been a landlord for 9 years now and have never had anyone skip out on rent or have any party animal tenants that you referred two. Prior to getting out of state sfrs I rented exclusively to single people or couples without kids and never had any problems. By far the homes with children have required more work when turnover occurs.
This is based on experience rather then speculation.
ParticipantMy 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.
ParticipantMy 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.
ParticipantMy 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.
ParticipantMy 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.
ParticipantMy 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.
ParticipantYes and you missed the point entirely. I am sure the idiot who sdr dealt with took all those wonderful courses as well. They definitely weed out the cream of the crop. Nevermind
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