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  #31  
Old 04-04-2012, 08:34 PM
engatwork's Avatar
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Join Date: May 2000
Location: Soperton, Ga. USA
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Nice looking red shirt JP.

Quote:
Life is good when one's happiness isn't dependent on the fluctuations of markets.
We get a dividend check every 1/4 and don't really worry about the fluctuations/buying/selling.

I'm glad I don't know or have to deal with stupid ppl too.

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  #32  
Old 04-04-2012, 08:42 PM
Home appliance genius
 
Join Date: Jul 2009
Location: cleveland
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Quote:
Originally Posted by spdrun View Post
Paying you $1/month or $1000/month each?
My average rent is about 600 bucks give or take
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  #33  
Old 04-04-2012, 11:10 PM
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Join Date: Nov 2002
Location: Milford, CT
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I don't really care what the market does, I can do deals in any market. The type just changes a bit depending on what its doing.

Right now I'm just starting to build and hold rentals, I don't want to deal with old stuff, plus I can get $2k a month in rent.

I'm also on the hunt for a nice 10-15 unit condo project to build and rent. These can provide a nice ROI, and if you do two bed town house style units you can get $1,300-$1,800 a month rent with very little upkeep for the first 10 years.

My game plan is to build, hold for 5-10 years than 1031 up. I have no desire to own older buildings. Eventually I want something that's large enough to support on site management.

Personally I detest renovations and older buildings., I have torn down enough plaster, yuck.

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