All Forum Posts by: Billy Smith

I am suspending raising rent until the current economic situation has reversed course.

Some folks will leave if you raise rent on them, I do want to add an unknown risk i.e. new renter into my formula.

My S.F.H homes are paid off but one with economic activity strangled it takes no crystal ball to see what is going to happen.

I have a pre payer getting ready to renew I was going to bump up that number up I will now stay at last year’s level.

I have tip toed into the market that has nosedived where anyone that even kinds of follows the market should stop and take a look.

A safe play is a good index, ETF fund, Large, Mid, small cap they have a fund that has all of those wrapped in one fund. Again, your time horizon is the key here adjust with that in mind.

The timing is impossible you can look for signals but still hard to pick the bottom.

So, for me I pick companies that have good balance sheets just because a company has gone done does not Mean buy it, could mean it is on shaky ground could roll over and shut down.

So, I pick blue chip divined stocks that have low debt good business model.

If you are not going long then good luck this recession may be short or could drag on keeping profits low and sluggish, punish the stock. Going long out 5,10 years your good pick will be fine because you looked at the business model, books.

The step downs are the fact we have an aging population fact the whole world does some countries have more than others.

I will say one thing I do recall the debate on here about not paying off rentals on here.

Take your money and leverage it to the tilt buy as many as the bank will lend, you will make more money.

Now you know why you don’t do that because the economy goes in cycles on a down turn folks that leveraged to the max will fall hard.

Americans lazy mm well not the ones I hang out with many are workaholics driven hard to succeed some too much.

Could be a house that has old none grounded cloth wire .I go a rip all that Sh... out pull new wire ,hire a pro pull a permit  to set up the panel .This can cost a lot or not so bad .Now you know what the comment about put it back like  you never seen was all about .

Good point in a city that is not diversified in jobs it can go down quick, hard so you take on risk on top of risk. Try to buy a city that has many revenue streams, good luck!

In the bay area you want the best hardwood floors is a deal maker .

Carpet is for cheaper rent areas .

I agree lower prices are coming of course  each part of the  country will feel real-estate impact different .

I would think the parts that went up  strong will come back down  first usually .

So, the issue comes down to what condition the house/duplex fill in the blank is in.

If it is a turn key I keep month or 2 plus I start the tax fund right away and heloc for big ticket items

If I get on a rehab roll/stock market sale, it goes down to the numbers above if not this numbers go up.

Right now, the stock market is having a sale I am nibbling at it.

A house that is rough shape you will need more CASH, you will be doing repairs a lot.

I would meet her pronto at the house and look at the steps.

If the steps need attention, I would fix it as soon as I can find someone for me that would be my handy man.

Your insurance company will pay one claim like this then drop you like a hot potato.