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Message Subject If you don't have anything in the stock market, you're probably just stupid.
Poster Handle Anonymous Coward
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You beclown yourself!

I've had rental props both commercial and resi for over 20yrs. In that time I've only had 1 crackhead rip the copper pies out to scrap but even then my insurance company paid to replumb the entire house. I manage my own properties but there are also plenty of prop management companies that will screen tenants, collect rent etc and even absorb the loss of court costs, unpaid rents, evictions, etc. The props i have in FL have both doubled in value since I bought them and the are fully paid off via tenant rent. Housing prices only impact those who are trying to buy or sell. The rent comes in every month regardless of the market. Really don't need immediate liquidity because of the constant cash inflow, unlike stocks that you sometimes have to wait years to recover after a downturn, if at all. With stocks you are always relying on someone else with your money, which I have learned over the years is a fool's errand.

norespect
 Quoting: Anonymous Coward 77441624


Trump made his fortune in real estate, if you got the drive you can do it...
 Quoting: BRIEF


I have two props that clear $10k/year that cost me $52k each but are now worth $100k each. The average person can't make that kind of return in the stock market.
norespect
 Quoting: Anonymous Coward 77441624


I'll do you one better, I got a property for $27k that's valued at the PVA for $75K. Got it inspected, only very minor things to repair. Brand new mechanicals, no leaks, brand new metal roof. And oh yea, the PVA's numbers are always low, so fair market is $90K or so.

I'd sell it, but I'd rather keep it as my new home and garage/machine shop.
 Quoting: Anonymous Coward 72726126


How long would it have taken you to accumulate that kind of equity in the stock market? 25 years?
hf
epiclol
 
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