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- - If yo had $50K-$60K cash... (https://gfy.com/showthread.php?t=1264501)

Quote:

Originally Posted by directfiesta (Post 21797464)

Would of being nice that you explain your logic here , as I cannot add it up ....

Why did I put 400 K in real estate ? Because, it was coming out of 10 year term bank deposits/investment bringing me 6.55% ( 26K a year interest, less taxes ) .
When renewal came up, the best I could get was 1.35% on freezed 5 years term ( 7K , less taxes ) . And lets not get into inflation ....

Now, with 80K down, I bougth a property of 350K ( 3 rental units- 2500/month ) at 2.89% interest . Cash flow is positive and with capital payment from tenants, my return was over 15% , not counting increase in value.

Repeated with remaining cash on hands . 400K got me 2 million of property ....

So the low interest were the main factor to remove the money from the bank, and low mortgages were the main factor to put it in real estate ...

At 1.5% yearly plus value, still not counting inflation ) the value goes up of 30K a year ....

Latest mortgages are at 2.2 et 2.39 % ....

Selling ??? Yeah, here I come to beg to get 1.15 % .....

On the other hand, I am not one of the '' big playa '' with ferraris, maserratis and a fucking fountain on my front lawn ....

This is the best post
This makes perfect sense
In America you get great tax breaks and Christ knows what else as well

Quote:

Originally Posted by ilnjscb (Post 21801544)

For a 5000 auction car? Depreciation on an asset that is 75% depreciated? add on insurance if they don't have their own rideshare insurance. 6k a month and each car will get average 45 k miles average before it gets weak from 70k to 115k. Average daily miles for Uber drivers is 150 miles or 15 months per car. Sell for $1500 and move on. Gross Margin = 40% annually.

It's still the worst idea I have ever heard, but, it makes more sense when you expounded a bit on what you had in mind.
Still the worst idea, sorry :(

Quote:

Originally Posted by MrMaxwell (Post 21805336)

It's still the worst idea I have ever heard, but, it makes more sense when you expounded a bit on what you had in mind.
Still the worst idea, sorry :(

hahahaha!! Best wishes man

Quote:

Originally Posted by klinton (Post 21801592)

10 % sounds wonderful for that kind of service actually...
I guess that you signed up with them long term paper, for like 10-15 years of guaranteed rent ?

No, tbh its just an ongoing basis. If the current tenant decides to give notice, they just bring another in straight away. No bother to me... That what I mean by they handle all the 'Business' side of things for me...

I just know that on certain days of the month, certain amounts of money are going to be deposited in my bank account and for the last five years or so, they have.

Quote:

Originally Posted by American Psycho (Post 21801877)

Yes that sounds great.
How can one find a management company that does this? Ive not heard any companies here paying remt regardless if the unit is rented or not

Well full transparency, I wasn't aware that this was anything else 'but normal' if you get me? As I have said, I am in Teignmouth Devon, and these are my lettings agents: Dart & Partners Estate Agents - Property for Sale and Rent in Teignmouth, Devon

The landlords page is here and the specific service is part of the 'Fully Managed Service' called 'Rent Protection Service'

There full terms can been seen HERE I admit that it does say that its only free for the first year, then it costs £130 a year each year, but I have never been charged any payment other than the initial setup fee which includes this. I guess because I have a few properties with them I don't get charged it? Not sure really but I'm not gonna ring up and suggest they missed it!

Quote:

Originally Posted by klinton (Post 21801913)

in UK there are not enough flats to rent and big demand, maybe thats why it is like that...
but lets wait for an answer....

Hope the above makes sense :) Better to point you direct to the horses mouth so to speak :)

Quote:

Originally Posted by ilnjscb (Post 21808513)

hahahaha!! Best wishes man

Thank you ... same to you over there :)

Quote:

Originally Posted by JD (Post 21808609)

stock market.

Buy penny stocks
Just be sure that you get SHAREZZZZZZ not mere shares
It's like sooted hands vs. ordinary suited ones which never win