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All Forum Posts by: Joe M.

Joe M. has started 46 posts and replied 407 times.

Post: Raise the Rent soon?

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348

With all the unemployment and uncertainty in the world, is that how you want to treat a good tenant?  Seems like a dumb time to do so

Originally posted by @Zach Cummins:

Love this thread! Ill just drop this nugget in here... I looked up Robert Kiyosaki net worth ($80million) vs Dave Ramsey net worth ($200million). This was helpful in understanding who to take advice from. I have read both of their books, both of their methods work. One has debt and the other doesn't. 

 (Or DR is a better saleman)

Post: Tenants doing improvements

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348

@Alf Holst I mean, have you talked to the guy?

Post: Tenants doing improvements

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348
Not to that extent, but had a guy paint a few rooms...looks nicer than before at no cost to me. If hes a trustworthy guy and knows what hes doing, have at it

I cant help you other than Dunedin is one of my favorite places on earth

Post: Renting a home with Multiple dogs.

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348

Poor dogs are going to be hot

Post: My TurnKey Investing Strategy. Feedback please.

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348

Good thread so far.  I have no real input other than some people are hilarious with their judgement or suggestions.  OP stated he had a full time job and wanted your opinions on his TK model as stated.  

"Dude, what is wrong with you, why dont you do the full rehab, then self manage it all yourself?"

"Might as well do stocks. Im up a gazillion % in Tesla"

"If Turnkey was so great, why isnt everyone doing it?"

Obviously a lot of different ways to make money, and make better returns-but my goodness the judgement from some of you that someone doesnt want optimize returns, be a rehabber, landlord, but still invest is rediculous. 

Post: Should I get out of debt before investing?

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348

Opinions vary but my opinion...get your own personal finances in place before investing.  Plus you create cash flow by getting rid of those liabilities.

So what are you asking?

Post: So what happens without the boomers

Joe M.Posted
  • Erie, PA
  • Posts 413
  • Votes 348

I stumbled across the following article thanks to @brycerobertson  I wonder how a post-boomer housing market looks.  Your thoughts?

https://www.prnewswire.com/news-releases/the-silver-tsunami-and-the-coming-boom-of-available-homes-300964339.html

Headlines include:

Baby Boomers are set to leave their homes at record levels in the coming years, freeing inventory in what has been an increasingly tight market since the economic recovery began

- Housing released by aging Boomers will provide a substantial and sustained boost to supply, comparable to new home construction experienced in the 2000s boom-bust cycle.

- Within two decades, more than a quarter of currently owner-occupied homes will become available.

- In some traditional retirement communities, including in Arizona and Florida, that number could reach nearly two-thirds.