Those evil rich landlords

Baseman

TurdBomber said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Start in Residential, acquire, then flip to Commercial.

Stay in Residential and eventually one POS, insolvent squatter will ruin your portfolio.

Inslee has destroyed a bunch of small LLs in the past 6 months. I hope he pays for it.

I made $2M + in residential in less than 5 years, sold, 1099'd, rolled the profits into safe commercial deals with iron clad tenants. 2008/09 came along. I ended up stroking the banks $50,000 in cash and walked away "unscathed". All my eckities, gone. Just gone. Not a CSB.

YellowSnow

TurdBomber said:

YellowSnow said:

UW_Doog_Bot said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Minus rents(which are high risk) the market pays more per year in returns than property.

All real estate is local. If you can buy and hold properties in markets that will appreciate you’ll get rich. But in so many markets, there’s no appreciation after inflation is accounted for.

I don't worry about appreciation as long as the tenants are buying and maintaining the building for me.

I hear ya. It’s just not for me. I’d rather just buy my primary residence in and invest other capital elsewhere. At least I’m not paying someone else’s mortgage so that’s a good thing.

TurdBomber

Baseman said:

TurdBomber said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Start in Residential, acquire, then flip to Commercial.

Stay in Residential and eventually one POS, insolvent squatter will ruin your portfolio.

Inslee has destroyed a bunch of small LLs in the past 6 months. I hope he pays for it.

I made $2M + in residential in less than 5 years, sold, 1099'd, rolled the profits into safe commercial deals with iron clad tenants. 2008/09 came along. I ended up stroking the banks $50,000 in cash and walked away "unscathed". All my eckities, gone. Just gone. Not a CSB.

That was doable back then. I had buddies who retired in their early 40's during that time.

I also had buddies who had negative net worth for a couple years, and other than their spoiled-rotten cunt wives divorcing them and taking their primary residences, bounced back better than ever within a couple years, realizing that they'd have been way better off if they'd dumped the non-working witch many years before.

Which all goes to say that most women don't and never will understand where money comes from. They just want it.

YellowSnow

TurdBomber said:

Baseman said:

TurdBomber said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Start in Residential, acquire, then flip to Commercial.

Stay in Residential and eventually one POS, insolvent squatter will ruin your portfolio.

Inslee has destroyed a bunch of small LLs in the past 6 months. I hope he pays for it.

I made $2M + in residential in less than 5 years, sold, 1099'd, rolled the profits into safe commercial deals with iron clad tenants. 2008/09 came along. I ended up stroking the banks $50,000 in cash and walked away "unscathed". All my eckities, gone. Just gone. Not a CSB.

That was doable back then. I had buddies who retired in their early 40's during that time.

I also had buddies who had negative net worth for a couple years, and other than their spoiled-rotten cunt wives divorcing them and taking their primary residences, bounced back better than ever within a couple years, realizing that they'd have been way better off if they'd dumped the non-working witch many years before.

Which all goes to say that most women don't and never will understand where money comes from. They just want it.

There’s more high earning chicks out there than you might think.

TurdBomber

YellowSnow said:

TurdBomber said:

YellowSnow said:

UW_Doog_Bot said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Minus rents(which are high risk) the market pays more per year in returns than property.

All real estate is local. If you can buy and hold properties in markets that will appreciate you’ll get rich. But in so many markets, there’s no appreciation after inflation is accounted for.

I don't worry about appreciation as long as the tenants are buying and maintaining the building for me.

I hear ya. It’s just not for me. I’d rather just buy my primary residence in and invest other capital elsewhere. At least I’m not paying someone else’s mortgage so that’s a good thing.

It's not risk free. I'm dumping my Seattle properties ASAP. I'd rather chase out meth-heads East of the mountains than deal with the protected class of Seattle trash that digs into the floor boards and has the government protecting them from eviction, even though most are working.

Fuck Socialism. It's already here and doing irreparable damage.

TurdBomber

YellowSnow said:

TurdBomber said:

Baseman said:

TurdBomber said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Start in Residential, acquire, then flip to Commercial.

Stay in Residential and eventually one POS, insolvent squatter will ruin your portfolio.

Inslee has destroyed a bunch of small LLs in the past 6 months. I hope he pays for it.

I made $2M + in residential in less than 5 years, sold, 1099'd, rolled the profits into safe commercial deals with iron clad tenants. 2008/09 came along. I ended up stroking the banks $50,000 in cash and walked away "unscathed". All my eckities, gone. Just gone. Not a CSB.

That was doable back then. I had buddies who retired in their early 40's during that time.

I also had buddies who had negative net worth for a couple years, and other than their spoiled-rotten cunt wives divorcing them and taking their primary residences, bounced back better than ever within a couple years, realizing that they'd have been way better off if they'd dumped the non-working witch many years before.

Which all goes to say that most women don't and never will understand where money comes from. They just want it.

There’s more high earning chicks out there than you might think.

I'm talking about the prototypical stay at home mom in Issaquah or Sammamish.

UW_Doog_Bot

Baseman said:

TurdBomber said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Start in Residential, acquire, then flip to Commercial.

Stay in Residential and eventually one POS, insolvent squatter will ruin your portfolio.

Inslee has destroyed a bunch of small LLs in the past 6 months. I hope he pays for it.

I made $2M + in residential in less than 5 years, sold, 1099'd, rolled the profits into safe commercial deals with iron clad tenants. 2008/09 came along. I ended up stroking the banks $50,000 in cash and walked away "unscathed". All my eckities, gone. Just gone. Not a CSB.

Should have invested in bitcoin.

Swaye

YellowSnow said:

TurdBomber said:

Baseman said:

TurdBomber said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

Start in Residential, acquire, then flip to Commercial.

Stay in Residential and eventually one POS, insolvent squatter will ruin your portfolio.

Inslee has destroyed a bunch of small LLs in the past 6 months. I hope he pays for it.

I made $2M + in residential in less than 5 years, sold, 1099'd, rolled the profits into safe commercial deals with iron clad tenants. 2008/09 came along. I ended up stroking the banks $50,000 in cash and walked away "unscathed". All my eckities, gone. Just gone. Not a CSB.

That was doable back then. I had buddies who retired in their early 40's during that time.

I also had buddies who had negative net worth for a couple years, and other than their spoiled-rotten cunt wives divorcing them and taking their primary residences, bounced back better than ever within a couple years, realizing that they'd have been way better off if they'd dumped the non-working witch many years before.

Which all goes to say that most women don't and never will understand where money comes from. They just want it.

There’s more high earning chicks out there than you might think.

@BearsWiin true?!?!?!?!?!?!!?!?

greenblood

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

You aren’t dumb. You’re actually thinking ahead. The landlord business is still very profitable over time once you consider the free equity you build through rent payments. However...that will soon change. Once more and more states implement rent increase caps and more and more tenant friendly eviction policies, the residential landlord business will dry up. Commercial will still be the way to go, but it’s difficult to have the funds to go right into it. You might have to be part of a partnership first.

It will actually be a great time in the near future to buy a vacation home. As the residential landlord business falters, the housing prices will as well. Opening up a great opportunity to purchase a secondary beach house, lake cabin, farm cottage, or a mountain getaway, at a better price.

theknowledge

greenblood said:

YellowSnow said:

Sledog said:

Have rentals and have been selling them off when I can. A few left fortunately they've been paying their rent.

I never want to be in the landlord bidness ever. I know I'm dumb and pour but I don't have the patience for it. A man's gotta know his limitations.

You aren’t dumb. You’re actually thinking ahead. The landlord business is still very profitable over time once you consider the free equity you build through rent payments. However...that will soon change. Once more and more states implement rent increase caps and more and more tenant friendly eviction policies, the residential landlord business will dry up. Commercial will still be the way to go, but it’s difficult to have the funds to go right into it. You might have to be part of a partnership first.

It will actually be a great time in the near future to buy a vacation home. As the residential landlord business falters, the housing prices will as well. Opening up a great opportunity to purchase a secondary beach house, lake cabin, farm cottage, or a mountain getaway, at a better price.

Thats my hope and my goal. Buy that beach house in a couple years and rent out my country home in Arlington. Working at a grocery store I have access to a bunch of twenty and thirty somethings that would be very interested in renting a house with property where they can garden, have a big dog, build a bon fire, blow off fireworks, shoot guns, or nestle in next to the wood stove on a cold winter night while paying a little less than they do for their shitty apartment in Everett or Lynnwood. When the housing market rises again after that, I sell the Arlington house and pocket the cash. I'm with Yellow, I don't want to be a landlord for long. Just long enough for the market to crash and rebuild.