Recent content by Bum

The raise in rates is for something that usually applies to all units such as roof, exterior, parking lot, etc... and yes, if the board of directors isn't price conscious then costs can get a bit reckless. I've been VP of the board for 5 years with the billionaire being president. Fortunately...

Yes, I can repair AC if it's electrical. I've installed AC units but I borrowed the vacuum pump, guages and torches from a guy I worked with. Don't want to buy the tools to work with freon. All total unit replacements require a licensed AC installer to pull permit. As I stated earlier, single...

Wow, what a lengthy waste of talk. Still not one reason to own single family over condo. I was in construction as an electrician for 22 years so probably know far more than you about how housing is built. All my condos are less than 20 years old. I do all maintenance so don't need to hire...

+1

I completely agree. You're risking more so should get a better return. Building single family is completely different than renting out homes. A few builders I worked for had rental properties but they bought condos rather than build properties for themselves. Better to buy a repair project.

If bitcoin has options, I'd convert to puts to lock in profit. Bitcoin could get wacky. Just a matter of time before we start hearing about the put-selling S&P funds that blew up this past week.

You gave no reasons yet as to why single family is better than condos. Those tenant issues are worse for single family (exterior liabilities). Those maintenance issues are worse for single family (exterior maintenance). Condos are less risk. Own interior only. Condos have ZERO exterior...

Curious, why do so many traders pretend to be from the U.S.? Dislike your country that much? :) You're the 3rd person this week that's claimed to be from the U.S. on the profile but clearly you're not if trading CFDs.

ZERO I was working 7 days a week so I could buy condos. :)

5-15% is after all fees. I've created a spreadsheet to keep track of all expenses/income. Most single family homes around here have HOA fees also, though not as high as condos but then you're responsible for all exterior maintenance (roof, siding, sidewalk, mowing, tree trimming, etc..). HOA...

Perfect! Build your own rental property. :)

Cash purchase then renting. If mortgage rates get low enough, it could make sense to purchase with a mortgage then rent but I won't do it. Lender will require a larger down payment.

And with rates so low, that's why I don't think housing drops much with a recession. Condo returns of 5-15% look better than 2% in the bank.

IMO, cutting rates from the low levels they're at now won't do much good for the economy. If rates go lower and the economy isn't falling apart, that's just more incentive to move money into housing. Cutting too much is probably a sign the economy isn't looking so hot so housing may take a hit...

Low rates will keep a floor under the housing market IMO. If we get a recession, stocks fall so money will look for a place to get a return. Low rates and falling stock prices don't leave many other good investment options. I've been in the rental property market the past 8 years and currently...