Zmydust Report post Posted January 14, 2016 The business section seems a bit dead so I'm posting here. After selling a couple of my cars I haven't been driving , I've got some cash sitting and doing nothing and it has me thinking more and more about what it COULD do. Its nothing anyone could retire on , low 6 , but substantial enough that I think it should be earning me something someway. Is it worth looking for a small apartment or townhouse complex ? Open a couple coffee shops? I am currently and have been for the last decade plus been running a fairly successful car dealership for someone else but owning one isn't something I am interested in. I know the easy answer is put it with the rest of my investments but I can't seem to shake the idea of wanting something more hands on with residual REAL income. Quote Share this post Link to post Share on other sites More sharing options...
Assman Report post Posted January 14, 2016 RE is a way to go. What's your local market. Back in the day my dad had places in Brandon (Northwoods?), Pearl, and So. Jackson. Three did well but the one in So Jackson got routed because of white flight. Quote Share this post Link to post Share on other sites More sharing options...
Zmydust Report post Posted January 14, 2016 RE is a way to go. What's your local market. Back in the day my dad had places in Brandon (Northwoods?), Pearl, and So. Jackson. Three did well but the one in So Jackson got routed because of white flight. Brandon and Pearl are still doing very well , most of Jackson would be Section 8 . Quote Share this post Link to post Share on other sites More sharing options...
Destructo Report post Posted January 14, 2016 RE is a way to go. What's your local market. Back in the day my dad had places in Brandon (Northwoods?), Pearl, and So. Jackson. Three did well but the one in So Jackson got routed because of white flight. We've been looking and find that in our area, Real Estate (flips, reno's and/rentals) seem to be the best return on investment. If you are willing and are capable to do a lot of the work, the payoff can be pretty good. Quote Share this post Link to post Share on other sites More sharing options...
emanon Report post Posted January 14, 2016 What have RE prices done over the past 5 years in your area? What is the purchase price vs monthly rental income ratio like? Are you looking for monthly gravy or appreciation profit? Quote Share this post Link to post Share on other sites More sharing options...
Chipster Report post Posted January 14, 2016 I'm curious about rental properties too. But more so vacation rental properties like FL or ski resorts Quote Share this post Link to post Share on other sites More sharing options...
LA_Brit Report post Posted January 14, 2016 Cars and hookers. Quote Share this post Link to post Share on other sites More sharing options...
capt_chaos Report post Posted January 14, 2016 Cars and hookers. I think you spelt Coke wrong but other than that you are right. Quote Share this post Link to post Share on other sites More sharing options...
Zmydust Report post Posted January 14, 2016 What have RE prices done over the past 5 years in your area? What is the purchase price vs monthly rental income ratio like? Are you looking for monthly gravy or appreciation profit? Prices have remained fairly neutral . Most $150k homes are still $150k but the rental rates have went from $1000/mo to around $1350/mo Cars and hookers. I think you spelt Coke wrong but other than that you are right. You two have never seen Mississippi hookers Quote Share this post Link to post Share on other sites More sharing options...
Assman Report post Posted January 14, 2016 Prices have remained fairly neutral . Most $150k homes are still $150k but the rental rates have went from $1000/mo to around $1350/mo You two have never seen Mississippi hookers Lololol. I have. Quote Share this post Link to post Share on other sites More sharing options...
Zmydust Report post Posted January 14, 2016 Raj knows haha Quote Share this post Link to post Share on other sites More sharing options...
Destructo Report post Posted January 14, 2016 You two have never seen Mississippi hookers I've watched plenty of COPS episodes, so i have a pretty good idea Quote Share this post Link to post Share on other sites More sharing options...
capt_chaos Report post Posted January 14, 2016 Well there you go, import them in. Corner the market. Quote Share this post Link to post Share on other sites More sharing options...
capt_chaos Report post Posted January 14, 2016 I've watched plenty of COPS episodes, so i have a pretty good idea Ya, sure "watching" on "cops" Wink wink, say no more. Quote Share this post Link to post Share on other sites More sharing options...
emanon Report post Posted January 14, 2016 Prices have remained fairly neutral . Most $150k homes are still $150k but the rental rates have went from $1000/mo to around $1350/mo How bad are property taxes? And do they index every couple years? $1350/mo on $150k property isn't bad if the taxes are reasonable and stable. It's not a homerun, but good steady income if you're looking for a long term hold. Get a couple rentals and you can start writing off all kinds of shit. If you make over $150k/yr on a W2 you can't take losses on rental properties, but it would be super easy to zero out any income and carry the "losses" forward if/when you sell the place to offset cap-gains. How is the rental climate? By that I mean, the people who are renters? What is current availability of rentals? Lots of inventory or are vacant units in high demand? Quote Share this post Link to post Share on other sites More sharing options...
FikseSTS Report post Posted January 14, 2016 I keep some investment ready cash in a tax free bond fund, FTABX, pays about 3.5% tax free that is paid monthly.... Quote Share this post Link to post Share on other sites More sharing options...
HannibalACP82 Report post Posted January 16, 2016 I keep some investment ready cash in a tax free bond fund, FTABX, pays about 3.5% tax free that is paid monthly.... Very interested in this. Quote Share this post Link to post Share on other sites More sharing options...
Cabbe Report post Posted January 16, 2016 I keep some investment ready cash in a tax free bond fund, FTABX, pays about 3.5% tax free that is paid monthly.... Please elaborate. Sounds interesting. Quote Share this post Link to post Share on other sites More sharing options...
FikseSTS Report post Posted January 16, 2016 I've been using it for 6 years or so to park cash instead of a lousy money market, etc: https://fundresearch.fidelity.com/mutual-fu...mmary/316128503 you have to keep it in for 90 days, then it's totally liquid..... tax free returns at around 3.5%, pays monthly, effective rate around 4.7% depending on your tax bracket... Quote Share this post Link to post Share on other sites More sharing options...
Cabbe Report post Posted January 16, 2016 How large is the risk? Can your 100k be 40k over night? Quote Share this post Link to post Share on other sites More sharing options...
Zmydust Report post Posted January 18, 2016 It could and I wouldn't be on the streets but it would set me back a number of years. Quote Share this post Link to post Share on other sites More sharing options...
Jpegs13 Report post Posted January 18, 2016 With the market doing what it is now, and will continue to do so for the foreseeable future, Real estate and tax free bonds are the way to go. Quote Share this post Link to post Share on other sites More sharing options...
FikseSTS Report post Posted January 19, 2016 has never happened, but anything can happen I guess, local, state and government bonds would have to fail all over the country? it goes up and down a few cents per day.... How large is the risk? Can your 100k be 40k over night? Quote Share this post Link to post Share on other sites More sharing options...
murcivu Report post Posted January 19, 2016 Me too. Can't stand just parking money at the bank. Does nothing for you. I just put in an offer for an apartment complex w/ a good 10% cap return. Hopefully they'll accept my offer. RE is a solid investment. Quote Share this post Link to post Share on other sites More sharing options...
Lfsglass Report post Posted January 19, 2016 Prices have remained fairly neutral . Most $150k homes are still $150k but the rental rates have went from $1000/mo to around $1350/mo Terrible ROI ratio in my opinion. Flips offer great ROI depending on your current income and the potential increased tax bracket you'd be in. Larger Multi unit properties generally offer a good ROI as well. 4-plex's generally don't offer a good cash flow unless you purchase at the right price but 4-plex's are often listed for top dollar. IMO, look for single family houses requiring renovation with flip potential but rent them out rather than selling. You will get the best of both worlds, equity & cash flow.... Quote Share this post Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.