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You dodged my question. What is the long term ROI? What was the original price, what is the price now, what is rent paid over what time period? You keep telling me appreciation works better, but you aren't laying out much of a case why. You also can't reinvest appreciation until you sell the house and then you pay 7% closing on it. I can keep reinvesting the higher rents relative to purchase price in an ongoing basis to create additional revenue.
$50k purchase $800/m is war zone territory. Vacancy will be at least 30% and maintenance will be through the roof as tenants will cook meth turn tricks and trash the house before leaving.
6mo later with increasing volatility, I’d like to bump this back to the top to see how people’s strategies are changing
How much is left over now?
with increasing volatility,
Really, that's a plan?
Pay absolutely every debt that you have. Pay down/off mortgage.
And believe it or not, I believe we are in a recession at this time given the insane bargains on things like home improvement, travel and entertainment
Malcolm saysPay absolutely every debt that you have. Pay down/off mortgage.
@Malcolm I absolutely agree. Simply not paying interest is usually a good investment.
Paying debt is the safest investment you can make.
When everyone’s defaulting you will be golden.
It is way easier to not have to spend money in the future than to save and plan for it.
That depends.
If you can make a higher return putting that money to work than what your interest rate is, do it. Plus, it's better to stay more liquid than having your money tied up in equity, which can be difficult to extract, if needed.
6mo later with increasing volatility, I’d like to bump this back to the top to see how people’s strategies are changing and if any stocks stand out in your portfolio moving forward?
Not always. When I make major purchases, I play the zero percent game, and use other people's money and hang on to my cash. I'll take that type of debt every day of the week.
Bobs numbers are way exaggerated.
$50k purchase $800/m is war zone territory. Vacancy will be at least 30% and maintenance will be through the roof as tenants will cook meth turn tricks and trash the house before leaving.
Funny thing, just skimming other posts, not one person suggests starting a small business.
To be fair, that was not the question. Starting a small business is not an investment, it is a change of job. The statement "Say you have $100K-150K cash to invest today. Let's say the investment period is 5+yrs" strongly implies someone keeping their job and looking for what to do with invest-able cash.
I stand corrected; not one person suggested investing in a small business.
If you have passive income, like rentals, you could also invest that way.
buy low sell high.
I actually tried to do that in my area. I was looking for a place to park some money and diversify, kinda like a "Shark Tank" approach with a local business.
Couldn't find anything respectable. Lots of crazies looking for me to invest in some wacked out idea they had, but no legitimate business that could use the help/money.
Bobs numbers are way exaggerated.
$50k purchase $800/m is war zone territory. Vacancy will be at least 30% and maintenance will be through the roof as tenants will cook meth turn tricks and trash the house before leaving.
Unless you are religious about going to the gym, id invest some in good execercise equipment
Unless you are religious about going to the gym, id invest some in good execercise equipment
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Say you have $100K-150K cash to invest today. Let's say the investment period is 5+yrs.
Real estate and the stock market equities are bloated at historical highs.
Where would you put your money today?
#investing