All Forum Posts by: Susan Maneck

Hi Trey, 

I have been investing in buy and hold real estate property in south Jackson for the last four houses. 

 Good point. But you can rent it for awhile first. I believe the rule is you have to have lived in the house for two out of the last five years. 

LOL. Obamacare has nothing to do with housing regulations. As for the free cell phones, that's a good idea, not because it means poor people need to have what rich people have but because without a phone you can't get a job. The measly $30 a month the government pays cell phones they will get back in taxes as these people find jobs. As for food stamps, they've been around forever but let me tell you a little secret. They were originally given out by the Department of Agriculture because they help farmers more than the help the poor. And by the way, most people on food stamps have jobs. You want to cut down on government safety nets, make businesses pay people a living wage. It is Walmart that profits from all these programs.  As for evictions, they have always been a pain no matter who is in office. And I wouldn't complain about government spending if you are going to need them to evict your tenants. 

What was once my principle resident is now rented out and it is the only property I don't make much money at. That's because I bought it prior to the recession and even though it was a HUD home I wouldn't get what I paid for it if I sold it now. This is in Mississippi. I also recently bought a condo in South Lake Tahoe, CA which I probably will just break even on a rental property, but I intend to live there when I retire so I don't care that much.

Doesn't hurt to have a few PALS but you need to offset it with some PIGS as soon as possible. 

Also, check out VA foreclosures. There are lots of them in Biloxi. But beware. You may have noticed it tends to flood there. ;-}

Are you going to keep your old house as a rental? That may be the best place to start. 

No, actually I haven't told him about BP. He is a little overwhelmed right now. Besides his regular job he still tutors about ten hours a week plus he is in an online master's degree program in economics through John Hopkins. I might tell his wife, though. She has a bit more free time. She works part time while studying to take the MCAT. 

Hi Justyn. There is a real estate investors club that meets in Jackson on Thursday at 12 at Scrooges on Ridgewood and Atkins. 

Oh, I agree. What I'm talking about is Trump's plan to renegotiate our National Debt. I have no problem with allowing companies to declare bankruptcy per se,  only with Trump's cavalier attitude towards it. And renegotiating our national debt would be defaulting and that is a violation of the 14th Amendment which guarantees the faith and credit of the United States. 

 One of the reasons I would never vote for Trump is because of his cavalier attitude towards bankruptcy. When he talks about "renegotiating" the US debt, for instance, he is really talking about defaulting, something unconstitutional.