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Old 05-15-2018, 08:58 AM   #11  
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Originally Posted by freezingflyboy View Post
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?
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Old 05-15-2018, 09:02 AM   #12  
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I bought a $1 lotto ticket a couple days ago.
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Old 05-15-2018, 09:14 AM   #13  
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Originally Posted by SonicFlyer View Post
I'm curious about this, do you mind sharing some numbers?
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.
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Old 05-15-2018, 09:15 AM   #14  
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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.
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Old 05-15-2018, 10:00 AM   #15  
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Originally Posted by Ray Red View Post
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.
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Old 05-15-2018, 10:05 AM   #16  
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Rental Property, easiest money I ever made. Buy and hold.
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Old 05-15-2018, 10:07 AM   #17  
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Originally Posted by freezingflyboy View Post
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?
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Old 05-15-2018, 10:22 AM   #18  
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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.
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Old 05-15-2018, 10:40 AM   #19  
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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.
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Old 05-15-2018, 10:47 AM   #20  
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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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