Anybody here buy real estate, then rent it out and do it over n over again? - GoFuckYourself.com

Juicy D. Links · 01-03-2005, 01:49 AM

was talking to my brother about this. Buy a house rent it out , buy another rent it out , also looking at some commercial real estate also.

Anybody dwell into this?

ytcracker · 01-03-2005, 01:54 AM

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wdsguy · 01-03-2005, 01:55 AM

Yep, over here

the Shemp · 01-03-2005, 01:57 AM

Juicy, you need to take the Carleton Sheets course..

EyesWideShut · 01-03-2005, 02:00 AM

Investing in Real Estate (fourth edition) is an excellent book to read if you're thinking about renting property out to tenants. Real Estate IMO is the best investment out there, especially if you know where to buy. Good luck dude

here's a link to the book http://www.amazon.com/exec/obidos/tg...books&n=507846

Jace · 01-03-2005, 02:00 AM

my wife is just finishing up her real estate licensing course and we are about to dive into this head first

we are not touching the rental world though, fuck renters...too many laws in their favor and not in the owners favor

we are just going to buy a bunch of property and hold on to it til it increases in value

atlanta is hot right now and only getting better...the house we are renting right now was bought a little over 10 years ago for $63,000 and is now valued at $376,000....there are neighborhoods in town that are climbing like this one was 10 years ago

Magg · 01-03-2005, 02:05 AM

My father does this, in '05 hes looking at flipping over 16 houses he bought in '04 and bringing in six figure profit.

I had the chance to get in, in '04 and gotten 2 of my own houses but I hesitated and I missed out on $60 large which wouldve been made in 3-4 months and wouldve involved almost no work at all. All that was required was a $10k deposit total for both houses.

In June/July I'm heading back to FL and will be partnering up with his corporation and doing it in my free time.

Its actually a really good business to be in, requires almost no work on your end, if you let the realtors take care of it, and even with their commission, you still make out pretty well if you know what youre doing.

I couldnt believe it about 2-3 months ago when I heard he'd just bought 10 houses in one day.

Semi-Retired-Dave · 01-03-2005, 02:05 AM

I do it all the time. I usually flip them instead of keeping them. If I would of kept all the ones I have sold, I would be worth...$$$$$$$ More.

Better to keep it them you can.

Illicit · 01-03-2005, 02:08 AM

Im getting into this sometime in the next few months... where is the best place to learn about being a landlord ?

Pornwolf · 01-03-2005, 02:10 AM

Quote:

Originally Posted by CyberAge-Dave

I do it all the time. I usually flip them instead of keeping them. If I would of kept all the ones I have sold, I would be worth...$$$$$$$ More.

Better to keep it them you can.

Damn dave that's sad. So I guess you would be worth $263 million instead of $259 million. That's a hard life you live man, I don't know how you do it.

Sarah - GTS · 01-03-2005, 05:57 AM

Talk to DH

sean416 · 01-03-2005, 06:05 AM

good money to be made thats for sure.

01-03-2005, 01:49 AM	#1
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Anybody here buy real estate, then rent it out and do it over n over again? was talking to my brother about this. Buy a house rent it out , buy another rent it out , also looking at some commercial real estate also. Anybody dwell into this?

01-03-2005, 01:54 AM	#2
ytcracker stc is the greatest Join Date: Dec 2002 Location: rip sean murray Posts: 12,403	<------------ __________________ www.ytcracker.com \| www.digitalgangster.com i love you

01-03-2005, 01:57 AM	#4
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	Juicy, you need to take the Carleton Sheets course.. __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

01-03-2005, 02:00 AM	#5
EyesWideShut Confirmed User Join Date: Jun 2004 Location: New York City Posts: 354	Investing in Real Estate (fourth edition) is an excellent book to read if you're thinking about renting property out to tenants. Real Estate IMO is the best investment out there, especially if you know where to buy. Good luck dude here's a link to the book http://www.amazon.com/exec/obidos/tg...books&n=507846 __________________ $$$$$$ $$$$$$ $$$$$$

01-03-2005, 02:05 AM	#7
Magg Confirmed User Join Date: Feb 2004 Location: ICQ: 132497047 Posts: 4,467	My father does this, in '05 hes looking at flipping over 16 houses he bought in '04 and bringing in six figure profit. I had the chance to get in, in '04 and gotten 2 of my own houses but I hesitated and I missed out on $60 large which wouldve been made in 3-4 months and wouldve involved almost no work at all. All that was required was a $10k deposit total for both houses. In June/July I'm heading back to FL and will be partnering up with his corporation and doing it in my free time. Its actually a really good business to be in, requires almost no work on your end, if you let the realtors take care of it, and even with their commission, you still make out pretty well if you know what youre doing. I couldnt believe it about 2-3 months ago when I heard he'd just bought 10 houses in one day. Last edited by Magg; 01-03-2005 at 02:07 AM..

01-03-2005, 01:55 AM	#3
wdsguy Ryde or Die Industry Role: Join Date: Dec 2002 Location: California-Shanghai Posts: 19,568	Yep, over here

01-03-2005, 02:00 AM	#6
Jace FBOP Class Of 2013 Industry Role: Join Date: Jan 2004 Location: bumfuck, ky Posts: 35,562	my wife is just finishing up her real estate licensing course and we are about to dive into this head first we are not touching the rental world though, fuck renters...too many laws in their favor and not in the owners favor we are just going to buy a bunch of property and hold on to it til it increases in value atlanta is hot right now and only getting better...the house we are renting right now was bought a little over 10 years ago for $63,000 and is now valued at $376,000....there are neighborhoods in town that are climbing like this one was 10 years ago

01-03-2005, 02:05 AM	#8
Semi-Retired-Dave Too lazy to set a custom title Join Date: Apr 2004 Location: LA Posts: 11,190	I do it all the time. I usually flip them instead of keeping them. If I would of kept all the ones I have sold, I would be worth...$$$$$$$ More. Better to keep it them you can. __________________ Support a Good Cause

01-03-2005, 02:08 AM	#9
Illicit wtf ? Join Date: Dec 2003 Location: GFY Posts: 11,895	Im getting into this sometime in the next few months... where is the best place to learn about being a landlord ? __________________ Insert Sig Here

01-03-2005, 05:57 AM	#11
Sarah - GTS Confirmed User Join Date: Jul 2003 Posts: 1,656	Talk to DH __________________ Buy Mobile traffic - target by county and / or device Got Mobile Traffic? don't redirect it away! We build you your very own mobile tube site complete with videos and pay you up to 20 cents PPC! Keep your valuable surfers, build traffic and build your SEO! There is no better solution for your mobile traffic! [email protected] ICQ# 229-972-572

01-03-2005, 06:05 AM	#12
sean416 Confirmed User Join Date: Feb 2004 Location: Toronto Posts: 3,633	good money to be made thats for sure. __________________ ServerProvider.com