Rental Property Investing



I currently own the empire state building and the willis tower. I used to own the world trade center buildings, but couldn't make the payments, so I got a guy to blow them up and blamed a guy in a cave somewhere lol, true story.
 
r3p1v said:
I currently own the empire state building and the willis tower. I used to own the world trade center buildings, but couldn't make the payments, so I got a guy to blow them up and blamed a guy in a cave somewhere lol, true story.
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Not seeing the humor in there.
 
bodiddley said:
Lol, if the economy/dollar collapses you guys are bent over something fierce...
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Relative to what?

Shiny metals?

If it gets worse, more people would qualify for subsidized housing and more landlords would accept it.

Or you think the government is going somewhere? lol I don't see the elites fucking it up too bad or going away, they have lots of nice shit, just giving the world a squeeze(turmoil) to capture some more wealth...
 
I'd like my retirement plan to be in real estate in nice places around the world like Thailand, Bali, Hawaii etc, then rent out properties for 9-10 months a year, live in them the rest of the time and once I am close to retirement, hopefully they'll be paid off and I can either spend my time in the sun or sell some of them. Is this a realistic plan to do, with mortgages?
 
rusvik said:
I'd like my retirement plan to be in real estate in nice places around the world like Thailand, Bali, Hawaii etc, then rent out properties for 9-10 months a year, live in them the rest of the time and once I am close to retirement, hopefully they'll be paid off and I can either spend my time in the sun or sell some of them. Is this a realistic plan to do, with mortgages?
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I believe when it comes to vacation property rental, your yearly expenses should be covered by renting out 4 high season months out of the year. Because the rest you will have difficulty renting.

Pretty much a different monster than regular residential.
 
Andrew Scherer said:
I believe when it comes to vacation property rental, your yearly expenses should be covered by renting out 4 high season months out of the year. Because the rest you will have difficulty renting.

Pretty much a different monster than regular residential.
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In thailand, I figure there will be 4-5 months yes with high demand (January, February, June, July, (August).

But I always look at investments to have an edge and that edge could easily be online marketing, since I can do this better than the average joe.

However, I have no idea if you can get financing for this kind of venture. Price seems very high in holiday spots as well. But this is the kind of retirement plan I want, don't want any portfolio where fees and taxes eat up half.
 
BigWill said:
I have 17 houses all purchased with cash. They are in the low end range and I target college students (super high rent, parents as co-signers). Average rent is around $1,000/month on a 50-80k investment.

As cheshire said going cash in the way to do it.
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damn dude that is fucking awesome holy fuck



negro2k said:
I own several x,xxx,xxx commercial buildings that bring in 10-20%, can't stand residential
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also would like to hear more on this please expand.


I have been looking into get into real estate for a long time and can't wait to jump in .

cheshire is a god on this subject everyone should be taking notes on what he is saying.

Africa looks pretty interesting property values are going up every year there. and costs are really cheap for property right now.
 
BigWill said:
I have 17 houses all purchased with cash. They are in the low end range and I target college students (super high rent, parents as co-signers). Average rent is around $1,000/month on a 50-80k investment.

As cheshire said going cash in the way to do it.
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This would make a good 3k post. :)
 
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