Lot of $$ / Buy vs. Rent

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10-31-2024 | 10:59 AM

#101

FangsF15

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Joined: Sep 2011

Posts: 8,337

Likes: 1,343

Quote:

Originally Posted by SonicFlyer

It depends. There is also a cost to having to find new tenats because the rates increased and the previous tenats left because of the rate hikes. Not to mention the time and energy that goes into that process of screening new tenats.

You mean “tenant”? N-T… big difference.

(bonus points if you can name the movie)

10-31-2024 | 11:51 AM

#102

SonicFlyer

Banned

Joined: Apr 2017

Posts: 4,208

Likes: 7

Quote:

Originally Posted by FangsF15

You mean “tenant”? N-T… big difference.

(bonus points if you can name the movie)

LOL whoops... yeah clearly I'm not a landlord. Spell check didn't catch that one.

Yeah, and I did Google Lens on the image, Better off Dead. Maybe that's cheating heh

10-31-2024 | 12:45 PM

#103

170Till5

Banned

Joined: Feb 2022

Posts: 874

Likes: 0

Quote:

Originally Posted by sailingfun

They went down after soaring to new records. If your friend never raises prices rising costs will force him out of the business.

fixed rates, he does all the maintenance himself. Mortgage cost X, he charges Y. Has over 10 properties and little to no headaches.. it’s a long game and someone else is laying his mortgages and he’s making great money on some and only a couple hundred bucks on others until he refinances at lower rates. He doesn’t have any rising costs, they’re all fixed

10-31-2024 | 12:51 PM

#104

Bait

On Reserve

Joined: Jul 2015

Posts: 139

Likes: 3

From: Standing by for MOAD downgrade...

Quote:

Originally Posted by SonicFlyer

LOL whoops... yeah clearly I'm not a landlord. Spell check didn't catch that one.

Yeah, and I did Google Lens on the image, Better off Dead. Maybe that's cheating heh

I want my $2!

10-31-2024 | 01:20 PM

#105

Jughead135

Line Holder

Joined: Sep 2011

Posts: 1,098

Likes: 2

From: Hates Commuting

Quote:

Originally Posted by Bait

I want my $2!

"The K-12, Dude. You ski a knarly run like that, and the chicks will go sterile just looking at you!"

10-31-2024 | 01:58 PM

#106

FangsF15

Moderator

Joined: Sep 2011

Posts: 8,337

Likes: 1,343

Quote:

Originally Posted by SonicFlyer

LOL whoops... yeah clearly I'm not a landlord. Spell check didn't catch that one.

Yeah, and I did Google Lens on the image, Better off Dead. Maybe that's cheating heh

Definitely cheating... 🤨

Quote:

Originally Posted by Bait

I want my $2!

Iconic line.

10-31-2024 | 02:50 PM

#107

ridinhigh

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Joined: Jun 2009

Posts: 298

Likes: 0

Thought you guys might enjoy the ridiculous median in HNL. 1.1M
Carry on.

10-31-2024 | 04:51 PM

#108

nearly65

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Joined: Sep 2022

Posts: 38

Likes: 0

Way back when i first started flying a old pilot told me, pay off your house and go buy another one you will never regret it It was very difficult at times. Having your house paid off is unbelievable. If some thing goes wrong You can work at walmart for taxes and insurance. Saved me many times in my career.

10-31-2024 | 07:40 PM

#109

LeineLodge

Gets Weekends Off

Joined: Apr 2008

Posts: 2,206

Likes: 0

From: DAL FO

Quote:

Originally Posted by nearly65

It’s the best.

All the smart math guys here will rightly point out that you ~~can~~ might get better returns with leverage. But…Beautiful thing is you can do both lately. Take some risk off the table and sleep better at night.