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Old 02-04-2011, 08:13 PM
 
Location: The ATL
292 posts, read 385,078 times
Reputation: 128

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Quote:
Originally Posted by mortimer View Post
The old rule-of-thumb was if you can get 1% of the value
of the property then you are getting a decent return.

That is, a $100k property should rent for $1,000/month.
That's not profit, it's gross rent.
Yes this seems like a standard rule.
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Old 02-04-2011, 09:25 PM
 
2,879 posts, read 4,133,451 times
Reputation: 1094
Quote:
Originally Posted by TimelessClassic View Post
As Mark Twain said "These are the best of times. These are the worst of times."

So true. I paid 22K and have it rented for 569. If the guy down the block that paid 139K did that it would be a hardship.
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Old 02-13-2011, 01:55 AM
 
Location: Mpls - south for the winter
140 posts, read 345,540 times
Reputation: 86
Buy, hold and rent may prove successful for some investors if values bottom out and start improving in the near future.

What if prices continue to drop or stay flat for many years?

Why do Investors assume prices will eventually go up?

Mean while your probably breaking even on an investment that requires lots of attention.

I'll keep flipping houses and leave reading the crystal ball to more risk tollerant investors.
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Old 02-13-2011, 09:53 AM
 
7,394 posts, read 3,167,895 times
Reputation: 12427
Quote:
Originally Posted by TimelessClassic View Post
As Mark Twain said "These are the best of times. These are the worst of times."
actually it was Charles Dickens.



I now have 2 rentals, 2 apartments each. If I'd known then what I know now, I wouldn't have put all my money in retirement accts, just rental properties. They do require some maintainence even with good tenants but those can be written off as tax deductions, as can taxes and insurance.

Buy one if it won't strain your budget too much and see how you make out. it's not for everyone-you can't just say 'it's done' because it never is.
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Old 02-13-2011, 04:28 PM
 
399 posts, read 901,128 times
Reputation: 278
Quote:
Originally Posted by PAhippo View Post
If I'd known then what I know now, I wouldn't have put all my money in retirement accts, just rental properties
It' not too late to buy those rentals with retirement money in a Self-Directed IRA if you're feeling confident
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Old 02-13-2011, 06:55 PM
 
7,394 posts, read 3,167,895 times
Reputation: 12427
what's a self-directed IRA? never even heard of it.




gonna go google.
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