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SonicFlyer 05-15-2018 07:58 AM


Originally Posted by freezingflyboy (Post 2594361)
I do the rental property thing. It's not exciting or glamorous but it is easy (most of the time) and having someone else pay for you to build equity is great. I use a managmemt company which eats into profits some but then all I have to do is cash a check each month.

I'm curious about this, do you mind sharing some numbers? :confused:

Bainite 05-15-2018 08:02 AM

I bought a $1 lotto ticket a couple days ago.

bohicagain 05-15-2018 08:14 AM


Originally Posted by SonicFlyer (Post 2594415)
I'm curious about this, do you mind sharing some numbers? :confused:

I'm renting out my home I used to live in before we moved. After taxes and insurance I clear about 800 a month. Its not making me rich but in 20 years the house will be paid off.

IPAs 05-15-2018 08:15 AM

Years ago I heard a captain telling me about digging/ blasting for sliver in his back yard. This was in the suburbs of Boston. The motorcycle helmet for safety was also a nice touch.

gloopy 05-15-2018 09:00 AM


Originally Posted by Ray Red (Post 2594414)
MI and Oregon both have 10 cent bottle deposits.....

Thought about that, but every time I run the numbers it just doesn't quite work out.

poor pilot 05-15-2018 09:05 AM

Rental Property, easiest money I ever made. Buy and hold.

poor pilot 05-15-2018 09:07 AM


Originally Posted by freezingflyboy (Post 2594361)
I do the rental property thing. It's not exciting or glamorous but it is easy (most of the time) and having someone else pay for you to build equity is great. I use a managmemt company which eats into profits some but then all I have to do is cash a check each month.

Where do you invest?

il0101 05-15-2018 09:22 AM


Originally Posted by SonicFlyer (Post 2594405)
It's called being diverse, multiple streams of income.

Ask anyone who has had a medical issue or lived through a furlough, diversity isn't a bad thing. Plus, there are plenty of reasons to work aside from total income: intellectual curiosity, income diversity, financial independence, etc. Most seem to get into the rental game and enjoy it. Some have gotten more creative and bought businesses or consult on the side. Ran into one dude who was a motivational speaker, it was a pretty cool story.

Vincent Chase 05-15-2018 09:40 AM


Originally Posted by Bucking Bar (Post 2594353)
Bruce?

https://www.nbcnews.com/dateline/vid...k-655941699512

Don't worry. "You'll never need another job" ... Indoc second class August 2001

Hey, Buck! This is supposed to be anonymous!!!
Thanks for outing me.:D

Hossharris 05-15-2018 09:47 AM


Originally Posted by gloopy (Post 2594462)
Thought about that, but every time I run the numbers it just doesn't quite work out.

Transportation costs will eat you alive Newman.


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