All Forum Posts by: Brice Hall

Is there ONE person out there who has only purchased properties for around $30k, rents them for $700 or less a month and has been successful long term and can prove it with the numbers? 

@alexander 

@Alexander Feliceundefined

Can you explain to me how a $30k house renting for $700/month can make money? 

the purpose of this post was to let people know that a $30k that rents for $700 per month will Never make you money, and it's old seeing articles how someone just bought a house for $30k and already have it rented out for $700/month and then people are complimenting them on the fine accomplishment?!?!

And 50% this and 2% that, are you kidding me? 50% of $40,000 is a LOT different than 50% of $8,000

@jd 

@JD Martin flying to Nashville right now, let's meet up! 

Short SPY

Long AKRX, MUB, SHM, and a few others 

Liquidated ALL real estate holdings

doesn't take a savant to know.

I'm still waiting for someone to show me the numbers where buying s $30k house and charging $700/month works long term??!! It does not.

And I can say this openly because I DO NOT have any shacks that I need to sell. 

@Russell Brazilme too, but I will assure you no one is getting rich strictly by renting out $30k properties 

@David Dachtera I am referring to capex, and how people neglect to consider a capex reserve. I was referring to coming up with a monthly capex estimation, by amortizing different components of house by expected life.

@Account Closed neither are smart 

@Russell Brazil Im not enthused with either!

If you have a .6% property that prob means you purchased it recently or paid too much for it. I don't personally think we will see any additional inflation/appreciation/rise in home prices. Maybe a LITTLE more rent inflation. But at .6% ?!?! Maybe you could achieve a 3% annual return?? But what about taxes????? I'd rather put money in municipal bonds and sit on a couch 

@jd 

@JD Martin undefined

Unloading might be the best idea you mentioned!

What would you define as an "investment"?!

Mind sharing long term financials and analysis that include paying yourself as a rehabber, property manager, etc ?

@Pete Perez amortize the very things you mentioned into a monthly amount. I.e: roof cost / life expectancy /12 

@Michael D.@David Dachterait sounds like you both have a good understanding, but may not be doing the math correctly. Amortize for capex on a Monthly basis and tell me what you come up with?! +$250/month. 700-250 = 450. Now take the rest of expense into account, what are you left with??!! $50/month cash flow? How many of those could you personally manage? 30? So you're going to work your *** off to make $1500 pre tax?? Mind you these properties aren't going to appreciate so you can't take advantage of any capital gains