[sdsurfer]

I wholeheartedly agree with you that being responsible seems to go unrewarded in a sense.

I guess I turn to real estate because I believe that although they can manipulate the RE market…it is to a lesser extent of the other markets. I truly get frustrated because I want to learn more about everything you mentioned above in order to make smart decisions with my money. However, when I read your post above it seems like you really know what your talking about and you end up with the same frustration because it does not make sense for them to do what they do.

Just like any other 33 year old I just want to provide for my family and get a decent return for my hard earned money so that one day I do not have to work so hard and can spend more time with my family as opposed to 80% of it working to provide for them.

Having a lot of family in Real Estate I was always amazed by how much my grandparents originally purchased property for, but when I talked to them about it they would always say, “that was a lot of money back then.” So I figure I’m going to try and buy property the way they did and hope for the best.

I feel like a stock or any other investment can go down to $0 without me doing anything wrong except not selling it in time.

A home can always provide a roof over someones head and even with the uncertainty of going up and down…it is always worth a certain amount per month.

I have a lot of respect for a lot of the people that contribute to this blog. I appreciate you bringing up this topic and know there are smart people reading this and would like one of them to tell me I’m wrong and I should do something else with my money because I know leaving it in the bank is not what I intend to do.

Thank you in advance for your time.

[sdsurfer]

I’ve heard of people that are qualified getting loans for around 5.25% on investment properties in town with 15% down. If you get a condo in La Costa or somewhere for around $200k that rents for $1700 or so would that seem like a good scenario? Of course you have to figure some vacancy/repairs/management/taxes and all, but I think you’d still be cash flowing a bit no matter what.

Yes the value might go down, but I do think that rents are going to go up in my opinion. I mean…do rents ever go down in a community like North County San Diego? Or course it is better to get appreciation and cash flow, but can’t you just let it cash flow until it does appreciate….of course not right around the corner, but if a 30k investment returns 6k a year…is’nt that a sound investment (I would think using the numbers above you could cash flow 500 a month)? Either way your making money from your money…just more some years than others right?

Am I missing something or not factoring in something that I should?

[sdsurfer]

I’ve heard of people that are qualified getting loans for around 5.25% on investment properties in town with 15% down. If you get a condo in La Costa or somewhere for around $200k that rents for $1700 or so would that seem like a good scenario? Of course you have to figure some vacancy/repairs/management/taxes and all, but I think you’d still be cash flowing a bit no matter what.

Yes the value might go down, but I do think that rents are going to go up in my opinion. I mean…do rents ever go down in a community like North County San Diego? Or course it is better to get appreciation and cash flow, but can’t you just let it cash flow until it does appreciate….of course not right around the corner, but if a 30k investment returns 6k a year…is’nt that a sound investment (I would think using the numbers above you could cash flow 500 a month)? Either way your making money from your money…just more some years than others right?

Am I missing something or not factoring in something that I should?

[sdsurfer]

I’ve heard of people that are qualified getting loans for around 5.25% on investment properties in town with 15% down. If you get a condo in La Costa or somewhere for around $200k that rents for $1700 or so would that seem like a good scenario? Of course you have to figure some vacancy/repairs/management/taxes and all, but I think you’d still be cash flowing a bit no matter what.

Yes the value might go down, but I do think that rents are going to go up in my opinion. I mean…do rents ever go down in a community like North County San Diego? Or course it is better to get appreciation and cash flow, but can’t you just let it cash flow until it does appreciate….of course not right around the corner, but if a 30k investment returns 6k a year…is’nt that a sound investment (I would think using the numbers above you could cash flow 500 a month)? Either way your making money from your money…just more some years than others right?

Am I missing something or not factoring in something that I should?

[sdsurfer]

I’ve heard of people that are qualified getting loans for around 5.25% on investment properties in town with 15% down. If you get a condo in La Costa or somewhere for around $200k that rents for $1700 or so would that seem like a good scenario? Of course you have to figure some vacancy/repairs/management/taxes and all, but I think you’d still be cash flowing a bit no matter what.

Yes the value might go down, but I do think that rents are going to go up in my opinion. I mean…do rents ever go down in a community like North County San Diego? Or course it is better to get appreciation and cash flow, but can’t you just let it cash flow until it does appreciate….of course not right around the corner, but if a 30k investment returns 6k a year…is’nt that a sound investment (I would think using the numbers above you could cash flow 500 a month)? Either way your making money from your money…just more some years than others right?

Am I missing something or not factoring in something that I should?

[sdsurfer]

I’ve heard of people that are qualified getting loans for around 5.25% on investment properties in town with 15% down. If you get a condo in La Costa or somewhere for around $200k that rents for $1700 or so would that seem like a good scenario? Of course you have to figure some vacancy/repairs/management/taxes and all, but I think you’d still be cash flowing a bit no matter what.

Yes the value might go down, but I do think that rents are going to go up in my opinion. I mean…do rents ever go down in a community like North County San Diego? Or course it is better to get appreciation and cash flow, but can’t you just let it cash flow until it does appreciate….of course not right around the corner, but if a 30k investment returns 6k a year…is’nt that a sound investment (I would think using the numbers above you could cash flow 500 a month)? Either way your making money from your money…just more some years than others right?

Am I missing something or not factoring in something that I should?

[sdsurfer]

I would think that if I have the opportunity to pay off my own mortgage or let someone else do it for me… I am a nice guy, but would prefer to let them pay it off.

It does sound like security is important to you so make sure you factor in some vacancy and your management costs. I really think that rents are going to go up with all the people that have had their credit destroyed lately, but I could always be wrong of course.

Yes. There are tax benefits, but I’m not a CPA so ask them about that.

Make it a great day!

[sdsurfer]

I would think that if I have the opportunity to pay off my own mortgage or let someone else do it for me… I am a nice guy, but would prefer to let them pay it off.

It does sound like security is important to you so make sure you factor in some vacancy and your management costs. I really think that rents are going to go up with all the people that have had their credit destroyed lately, but I could always be wrong of course.

Yes. There are tax benefits, but I’m not a CPA so ask them about that.

Make it a great day!

[sdsurfer]

I would think that if I have the opportunity to pay off my own mortgage or let someone else do it for me… I am a nice guy, but would prefer to let them pay it off.

It does sound like security is important to you so make sure you factor in some vacancy and your management costs. I really think that rents are going to go up with all the people that have had their credit destroyed lately, but I could always be wrong of course.

Yes. There are tax benefits, but I’m not a CPA so ask them about that.

Make it a great day!

[sdsurfer]

I would think that if I have the opportunity to pay off my own mortgage or let someone else do it for me… I am a nice guy, but would prefer to let them pay it off.

It does sound like security is important to you so make sure you factor in some vacancy and your management costs. I really think that rents are going to go up with all the people that have had their credit destroyed lately, but I could always be wrong of course.

Yes. There are tax benefits, but I’m not a CPA so ask them about that.

Make it a great day!

[sdsurfer]

I would think that if I have the opportunity to pay off my own mortgage or let someone else do it for me… I am a nice guy, but would prefer to let them pay it off.

It does sound like security is important to you so make sure you factor in some vacancy and your management costs. I really think that rents are going to go up with all the people that have had their credit destroyed lately, but I could always be wrong of course.

Yes. There are tax benefits, but I’m not a CPA so ask them about that.

Make it a great day!

[sdsurfer]

Thanks so much for chiming in everyone! I really appreciate the insight.

[sdsurfer]

Thanks so much for chiming in everyone! I really appreciate the insight.

[sdsurfer]

Thanks so much for chiming in everyone! I really appreciate the insight.

[sdsurfer]

Thanks so much for chiming in everyone! I really appreciate the insight.

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