ctwo
Merely Rhetorical
Depreciation is a big part of it of course.
Yeah, something like three and a half percent of what you paid just for the building :confused
Depreciation is a big part of it of course.
For anyone advocating Dubs to rent out his townhouse:
To me this scenario is a lot of risk, time and stress for a young father and husband. If Dubs could safely get a mortgage on a SFH for their primary residence and with less than ~5 yrs left on the townhouse mortgage, then renting it out would be a good choice IMO.
Dubs is staying in your townhouse really that impossible? For me, the mrs and my two boys in 1000 sq ft for 12 yrs....it's cozy, but we make it work. Even with online school at home. Mortgage will be paid off when our oldest goes off to college in 5 yrs.
Just some hard lessons I paid tuition on:
NEVER, NEVER RENT TO FRAT BOYS. EVER !
putting that cash into stable 10% and greater return investments?
:rofl
I used to do electrical work for a couple of property owners in Berkeley/San Francisco. Generally it was ok, I charged a good but not great price to get their business.
Then one of them bought a frat house near CAL. :rofl:rofl:rofl
I got called over a month after he made the purchase. He had completely repainted and refinished the floors. It was a nice place. I was adding some lights and switches to the basement and outdoor lighting.
They had had a party the night before, and there was literally a 30 foot wide lake of beer on the freshly refinished floor. :rofl
I don't think that guy bought any more frat houses.
Nothing demonstrates why you don't want to get drunk like being a bouncer where a lot of people are drinking. :roflOh dear. I used to work as a bouncer at some of those parties (CAL requires that the Frats hire private Security not staffed by students at Frat Parties), they were very silly.
Nothing demonstrates why you don't want to get drunk like being a bouncer where a lot of people are drinking. :rofl
I bounced at a large club (650 people) for 2-1/2 years. Some of the things I saw......