All Forum Posts by: Billy Smith

Lots of college rentals are beat up my son rented a house with water issues in the basement the land lord nailed the door shut before he rented it .The landlords can be tough to contact from all the destruction .

The rentals don't need to be in good condition is all about how close to campus .

The question for me what is the location ?A-B ,C-D area .If in A-B might want to hold on to it should gain equity reasonable quick .

VTI is my top pick for a 401-k ,IRA etc... back to topic here in the Midwest a few paid  off SFH in a A-B area with other passive  streams say 5k to 8K a month with no debt can work 

I was frugal sill am hard for me to undo the whole frugal thing . I like to put money back in the stock market every month 

I see a lot of solid comments that I agree with usually they took Real -State  to a level that I never reached  .

 Pay off consumer debt first then invest in a H-Y, CD 

 Pay off all credit cards and any high rate loans then I would spend half on a class A-B rental in a Midwest burb ,the rest I would buy   a index ETF  covering major  benchmarks then  dabble in gold and Bitcoin with the change left over .

I had had a 10 year on my own house ,buying rentals I go with 30 gives my flexibility then I pay them off early .

Jay post I agree almost all the time on his logic with strategy , money , deals etc...

You can be amazed 2 to 4 SFH in a A-B area paid off can do .It put both my kids through a State Division 1 university plus living debt free with cash flow .

To make money on a flip it simple do the work as cheap as possible but don't make it a mess .Get in there do any thing you can to help if possible .The BIG fish here have a crew they pay by the hour that saves thousands .

Conservative banks etc.. will not do a HELOC on a rental you can find other intuitions that will help you they just bump up the fees, rates to cover the risks .