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The Water Cooler
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Rent houses
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<blockquote data-quote="TANSTAAFL" data-source="post: 4221719" data-attributes="member: 27098"><p>I have a friend around 60 years old, his take on rentals is good income, however he hates the work he ends up putting into them and sometimes wakes up sore, and he is in great shape and works out. Unless you have decent contractors who will do the work cheap he wouldn't recommend it. He owns about 5 or so rentals quads and duplexes, many of his tenants pay cash, and are pretty good tenants. He collects his rent in a 2003 Kia Soul, or an old beat up chevy pickup to look broke. Things that scare me off from it is the current administration. You are one pandemic away from tenants not paying or with the new tenant rights laws the administration wants I think it may present a buying opportunity, however may be problematic for one to buy and rent property.</p></blockquote><p></p>
[QUOTE="TANSTAAFL, post: 4221719, member: 27098"] I have a friend around 60 years old, his take on rentals is good income, however he hates the work he ends up putting into them and sometimes wakes up sore, and he is in great shape and works out. Unless you have decent contractors who will do the work cheap he wouldn't recommend it. He owns about 5 or so rentals quads and duplexes, many of his tenants pay cash, and are pretty good tenants. He collects his rent in a 2003 Kia Soul, or an old beat up chevy pickup to look broke. Things that scare me off from it is the current administration. You are one pandemic away from tenants not paying or with the new tenant rights laws the administration wants I think it may present a buying opportunity, however may be problematic for one to buy and rent property. [/QUOTE]
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