Search found 251 matches

by tomtoms
Wed Jul 08, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

One property (2 units), lots of maintenance requests this year, for dumb stuff... E.g. tenant was turning key wrong way to unlock door, tenant closes window too hard and glass shatters, tenant reports garage door broken (replaced remote batteries). Have 2nd kid due in August and no longer want to d...
by tomtoms
Wed Jul 08, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

Hopefully not too off-topic, but I'm curious for those with 5+ properties how you ended up with that many? I'm assuming it's not previous places you've lived and decided to rent out. Are these properties in areas you're very familiar with and decided to purchase, or something invested in with other...
by tomtoms
Tue Jul 07, 2020 7:13 pm
Forum: Personal Investments
Topic: $200k windfall from sale of house
Replies: 3
Views: 645

Re: $200k windfall from sale of house

Sounds like a good plan! Another option is to do a cash out refinance.
by tomtoms
Tue Jul 07, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

Three units in Dallas and four in Mesquite TX. Shocked that all are current despite all but one unit being fairly blue collar areas/workforce housing. Had one person in May ask to pay half the rent on the 1st and the other half on the 15th. I readily agreed and they followed through. My multifamily...
by tomtoms
Tue Jul 07, 2020 10:11 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 989

Re: Keep on buying rentals? Home price is up 4.8%

Home price is up 4.8% year to year in May! https://www.calculatedriskblog.com/2020/07/corelogic-house-prices-up-48-year-over.html I own several single family homes as rental properties. Since my tenants paid for all expenses, I estimate my return is 19-24% YTY just on the appreciation alone (not in...
by tomtoms
Tue Jul 07, 2020 9:43 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 989

Re: Keep on buying rentals? Home price is up 4.8%

smitcat wrote:
Tue Jul 07, 2020 9:42 am
No - we are not.
Any particular reason? Love to hear them.
by tomtoms
Tue Jul 07, 2020 9:41 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 989

Re: Keep on buying rentals? Home price is up 4.8%

What are your short, medium and long term goals for your property management business? Where are you buying these rentals? Dave I own single family homes just outside of a major city. My end goal is to leave them to my children (tax free if under certain amount). I am also planning to do cash out r...
by tomtoms
Tue Jul 07, 2020 9:22 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 989

Re: Keep on buying rentals? Home price is up 4.8%

Home price is up 4.8% year to year in May! https://www.calculatedriskblog.com/2020/07/corelogic-house-prices-up-48-year-over.html I own several single family homes as rental properties. Since my tenants paid for all expenses, I estimate my return is 19-24% YTY just on the appreciation alone (not in...
by tomtoms
Tue Jul 07, 2020 9:06 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 989

Re: Keep on buying rentals? Home price is up 4.8%

Mods, The OP has created multiple posts basically discussing the same thing: how amazing his/her personal real estate situation is. Several of these have already been locked due to a lack of actionable information. I would request the same be done with this thread before it devolves again. Wow, you...
by tomtoms
Tue Jul 07, 2020 8:56 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 989

Keep on buying rentals? Home price is up 4.8%

Home price is up 4.8% year to year in May! https://www.calculatedriskblog.com/2020/07/corelogic-house-prices-up-48-year-over.html I own several single family homes as rental properties. Since my tenants paid for all expenses, I estimate my return is 19-24% YTY just on the appreciation alone (not inc...
by tomtoms
Mon Jul 06, 2020 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

Has anyone considered selling direct real estate holdings for REITs? Do you mean sell your rental properties and use that money to buy REITs? I wouldn’t do it because 1) REITs have high fees; 2) Dividend is taxed as regular income (is this correct?); 3) Many REITs have commercial RE which has done ...
by tomtoms
Mon Jul 06, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

midareff wrote:
Mon Jul 06, 2020 6:12 am
Wife has about a dozen AirBNB units in Bangkok...... they are empty, no traveling there.
I have thought about owning an Airbnb property where I can also use it here and there. What is your business model?
by tomtoms
Sun Jul 05, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

Question for landlord: when did you realize you should stop buying rental properties? I am debating if I should keep on buying rental properties. The neighborhood I have been buying is becoming too expensive. I would need to spend some time researching another neighborhood if I want to keep on buying.
by tomtoms
Sat Jul 04, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

moral dilemma question: I have friends who can’t even a home and here I am buying one after another. Have you ever felt like you shouldn’t invest in rental properties because you are taking inventory off the housing market? Practical dilemma, where can you buy good cash flowing properties these day...
by tomtoms
Sat Jul 04, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

moral dilemma question:

I have friends who can’t even a home and here I am buying one after another. Have you ever felt like you shouldn’t invest in rental properties because you are taking inventory off the housing market?
by tomtoms
Thu Jul 02, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

Has anyone heard of this?

1) Sell 5 of your rental properties at one time
2) Do a 1031 exchange and buy an expensive house
3) Rent out the expensive house for a couple of years
4) Finally, move into the expensive house and make it your primary residence

Is this a legal loophole to not pay taxes?
by tomtoms
Wed Jul 01, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Re: Landlords: How are you doing this year?

What % of rent do you put away each month for repairs and future vacancies? I have been putting away 20%. That seems like a good number for single family homes in a good neighborhood. I don’t know anything about commercial RE. I guess I can learn but it seems like there is more risk and headache. I ...
by tomtoms
Wed Jul 01, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Decision to make on mortgage (first time homebuyer)
Replies: 8
Views: 682

Re: Decision to make on mortgage (first time homebuyer)

Remember to ask if there is any early payoff penalty.

Sometimes, mortgage brokers can give you a better rate because they have a relationship with the lender. You can find them on Zillow.
by tomtoms
Wed Jul 01, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 92
Views: 8753

Landlords: How are you doing this year?

My brother and I own close to 10 rental properties...all single family homes just outside of a big city. We have been very fortunate. Rent collection is 100%. Surprisingly, no one has asked for any maintenance or repair work. How is everyone doing this year? Do you see yourself buying more rental pr...
by tomtoms
Wed Jul 01, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Decision to make on mortgage (first time homebuyer)
Replies: 8
Views: 682

Re: Decision to make on mortgage (first time homebuyer)

What is your down payment? How much are you borrowing?

You get the best rate if you can put down 40% or more.
by tomtoms
Tue Jun 30, 2020 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Where are residential real estate prices heading?
Replies: 14
Views: 1522

Re: Where are residential real estate prices heading?

It is difficult to speculate without knowing the location really well. I don’t have any experience with Houston. I am a RE investor. My brother and I own close to 10 rental properties...all single family homes just outside of a big city. The latest national data shows home prices went up 4.7% year t...
by tomtoms
Tue Jun 30, 2020 3:35 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Real data doesn't do much for the individual. I suggest you buy 5,10,20 rental properties and report back the results annually. You can join the millions of small business owners operating out there. Biggerpockets.com is a good hub for everything rental property related. Don’t think more units mean...
by tomtoms
Tue Jun 30, 2020 2:24 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Prices for existing homes rose 4.7% compared with April 2019. If you had put 20% down payment and your tenants pay for all expenses including long term repairs and vacancy then you just made 5 x 4.7% = 23.5%! Is rental property the best performing asset in 2020? https://www.cnbc.com/2020/06/30/coro...
by tomtoms
Tue Jun 30, 2020 1:43 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Howdy Been a real estate investor for over 40 years, in raw land, commercial and rentals. Made good money. It is a business, and I observed many starry eyed individuals go broke and/or become severely disillusioned because they were sold it as a get rich scheme with the kinds of stuff you are sayin...
by tomtoms
Tue Jun 30, 2020 1:10 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

- assume a $250k home, or $50k equity. 23% return amounts to about $12k. How much mental and physical effort goes into that $12k? How much risk? Having to deal with a rental property for a net inflow of $12k doesn't strike me as an attractive trade off. - it is highly unlikely you can compound that...
by tomtoms
Tue Jun 30, 2020 12:15 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Some of the wealthiest people I know made their fortune off of real estate. Most of them started small with single family real estate, then as they learned the business, moved to commercial real estate. They did this starting with basically nothing and built their holdings, in a relatively short ti...
by tomtoms
Tue Jun 30, 2020 11:58 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Prices for existing homes rose 4.7% compared with April 2019. If you had put 20% down payment and your tenants pay for all expenses including long term repairs and vacancy then you just made 5 x 4.7% = 23.5%! Is rental property the best performing asset in 2020? https://www.cnbc.com/2020/06/30/coro...
by tomtoms
Tue Jun 30, 2020 11:41 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Real data doesn't do much for the individual. I suggest you buy 5,10,20 rental properties and report back the results annually. You can join the millions of small business owners operating out there. Biggerpockets.com is a good hub for everything rental property related. Don’t think more units mean...
by tomtoms
Tue Jun 30, 2020 11:28 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

A friend has 20 units rented. Long term rental units. With Covid, ~25% were behind in rent in May. June seems to be improving. A few caught up. Why use anecdotal evidence when there is real data you can look at? Here is one from the NMHC. Despite what you have been hearing from the media, current r...
by tomtoms
Tue Jun 30, 2020 11:20 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

A friend has 20 units rented. Long term rental units. With Covid, ~25% were behind in rent in May. June seems to be improving. A few caught up. Why use anecdotal evidence when there is real data you can look at? Here is one from the NMHC. Despite what you have been hearing from the media, current r...
by tomtoms
Tue Jun 30, 2020 11:19 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

EDV, Vanguard’s Extended Duration Treasury Index Fund, is up over 27% year to date. So, no, rental real estate is not the best performing asset class of 2020. I oversimplified it. It is actually a lot more than 23.5%. The 23.5% is only the appreciation. I did not count mortgage pay down by tenants ...
by tomtoms
Tue Jun 30, 2020 11:08 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

EDV, Vanguard’s Extended Duration Treasury Index Fund, is up over 27% year to date. So, no, rental real estate is not the best performing asset class of 2020. I oversimplified it. It is actually a lot more than 23.5%. The 23.5% is only the appreciation. I did not count mortgage pay down by tenants ...
by tomtoms
Tue Jun 30, 2020 11:00 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

EDV, Vanguard’s Extended Duration Treasury Index Fund, is up over 27% year to date. So, no, rental real estate is not the best performing asset class of 2020. I oversimplified it. It is actually a lot more than 23.5%. The 23.5% is only the appreciation. I did not count mortgage pay down by tenants ...
by tomtoms
Tue Jun 30, 2020 10:37 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

As other examples: I could invest zero, get a weekend part time job and make infinite percentage from the pay. I could sell tradelines on my credit cards. I invest zero, spend time to add AUs, keep track so that cards with AUs have enough spend to report to the credit bureaus and remove AUs at the ...
by tomtoms
Tue Jun 30, 2020 10:27 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

A friend has 20 units rented. Long term rental units. With Covid, ~25% were behind in rent in May. June seems to be improving. A few caught up. Why use anecdotal evidence when there is real data you can look at? Here is one from the NMHC. Despite what you have been hearing from the media, current r...
by tomtoms
Tue Jun 30, 2020 10:04 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

Prices for existing homes rose 4.7% compared with April 2019. If you had put 20% down payment and your tenants pay for all expenses including long term repairs and vacancy then you just made 5 x 4.7% = 23.5%! Is rental property the best performing asset in 2020? https://www.cnbc.com/2020/06/30/coro...
by tomtoms
Tue Jun 30, 2020 9:48 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

A friend has 20 units rented. Long term rental units. With Covid, ~25% were behind in rent in May. June seems to be improving. A few caught up. Why use anecdotal evidence when there is real data you can look at? Here is one from the NMHC. Despite what you have been hearing from the media, current r...
by tomtoms
Tue Jun 30, 2020 9:44 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Re: Rental properties: best-performing asset class in 2020?

You could do the same math with almost any investment, with leverage. The S&P 500 with 2X leverage looks pretty good most years! And what happens when your tenant can't/won't pay and also can't be evicted due to COVID restrictions? The real estate market is so varied (state to state, even block to ...
by tomtoms
Tue Jun 30, 2020 9:24 am
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1940

Rental properties: best-performing asset class in 2020?

Prices for existing homes rose 4.7% compared with April 2019. If you had put 20% down payment and your tenants pay for all expenses including long term repairs and vacancy then you just made 5 x 4.7% = 23.5%! Is rental property the best performing asset in 2020? https://www.cnbc.com/2020/06/30/coron...
by tomtoms
Wed Jun 24, 2020 11:45 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard REIT (VNQ) crashing?
Replies: 17
Views: 2306

Re: Why is Vanguard REIT (VNQ) crashing?

This is why buying REIT is not the same thing as buying rental properties.
by tomtoms
Wed Jun 17, 2020 10:48 pm
Forum: Investing - Theory, News & General
Topic: Sell REITS now? Ever buy them again?
Replies: 9
Views: 1323

Re: Sell REITS now? Ever buy them again?

Fair enough. I wanted to point out how some people here think investing in REITs is the same as rental properties. Home prices have gone up 7% compared to last year (April). If you had put down 20% for a rental and your tenants pay for all expenses, you just made 7% x 5 = 35% return. Appreciation i...
by tomtoms
Wed Jun 17, 2020 9:55 pm
Forum: Investing - Theory, News & General
Topic: Sell REITS now? Ever buy them again?
Replies: 9
Views: 1323

Re: Sell REITS now? Ever buy them again?

REITS stocks are tanking because of its commercial real estate holdings. Let’s not even talk about the high fees. Their rate of return is not even comparable to owning rental properties. Neither is the effort. Fair enough. I wanted to point out how some people here think investing in REITs is the s...
by tomtoms
Wed Jun 17, 2020 7:42 pm
Forum: Investing - Theory, News & General
Topic: Sell REITS now? Ever buy them again?
Replies: 9
Views: 1323

Re: Sell REITS now? Ever buy them again?

REITS stocks are tanking because of its commercial real estate holdings. Let’s not even talk about the high fees. Their rate of return is not even comparable to owning rental properties.
by tomtoms
Tue Jun 16, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

I just read a few more posts and have a question for the OP. You've stated the following about your approach... - I stick to single family homes. I only buy in a good neighborhood with good schools. - Look at 100 houses before buying. I like going to open house so I can talk to the listing agent an...
by tomtoms
Tue Jun 16, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

Why do so many RE evangelists seem to take it personally when others say “nah, I’m not interested”? I don’t think anyone here really care if you buy a rental or not. Some people are turned off by rental properties because it is a “second job” or “it doesn’t do better than stocks”. That is simply no...
by tomtoms
Tue Jun 16, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

Why do so many RE evangelists seem to take it personally when others say “nah, I’m not interested”? I don’t think anyone here really care if you buy a rental or not. Some people are turned off by rental properties because it is a “second job” or “it doesn’t do better than stocks”. That is simply no...
by tomtoms
Tue Jun 16, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

Yesterday, I went into escrow to sell the last of my rental properties. This one had a factory on one side, and a building with 20 commercial units on the other. It generated a lot of income, but there were always headaches, which ranged from deadbeat tenants, to an environmental cleanup. Stocks an...
by tomtoms
Tue Jun 16, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

NMHC: Rent Payment Tracker Finds 89 Percent Paid Rent as of June 13th, Same Pace as last year!

https://www.calculatedriskblog.com/2020 ... 9.html?m=1

I have made more money this year from real estate than any other asset.
by tomtoms
Sun Jun 14, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

Again, pretty sure Wild Bill is talking about buying (raw/undeveloped) land that will eventually be developed. But I'm not talking about WildBill. I think you keep misreading something. My reply was to the OP, tomtoms, who is not talking about raw land. I have a feeling you got to be right all of t...
by tomtoms
Fri Jun 12, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116663

Re: Why are you NOT buying rental properties?

...Identify an upcoming neighborhood... I've seen you mention this a couple times. I think the term you want is "up-and-coming" but, in any case, this sounds a lot like "identify stocks that will go up." One can know where wealthier people have been moving and causing values and rents to rise, but ...