Rent out house or just sell and cash out?
- Thread starter Dubbington
- Start date
UDRider
FLCL?
Big where would all the toys go? /S
afm199
Well-known member
: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.
Archimedes
Fire Watcher
Can you send me to a link to these please?
Eldritch
is insensitive
Oh 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.
Abacinator
Unholy Blasphemies
Burn it down, collect the insurance.
Killroy1999
Well-known member
I ran the numbers on Return on Investment (ROI) for my rental properties for 2020.
3% ROI on cashflow
8% ROI for equity building
2% ROI for appreciation per year
~13% Total
In the stock market, I was up on paper 16% in 2020, but average is around 10%.
Some more details:
For cashflow that is rents subtract mortgages, taxes, insurance, management, ect. I lucked out on rents for 2020, but after the recovery, I should focusing on fixing up 2 of my older ones and raising the rents across the board.
Equity building is paying down the principle balance. Remember that tenants pay that along with everything else.
My places are in Texas, so appreciation is not that great overall-- some places are good and some are so-so, but its icing on the cake. I'm just using Zillow's "Zestimate".
The ROI is high for 2 reasons - borrowing money (mortgage) and using other peoples money (the renters) to pay for everything.
3% ROI on cashflow
8% ROI for equity building
2% ROI for appreciation per year
~13% Total
In the stock market, I was up on paper 16% in 2020, but average is around 10%.
Some more details:
For cashflow that is rents subtract mortgages, taxes, insurance, management, ect. I lucked out on rents for 2020, but after the recovery, I should focusing on fixing up 2 of my older ones and raising the rents across the board.
Equity building is paying down the principle balance. Remember that tenants pay that along with everything else.
My places are in Texas, so appreciation is not that great overall-- some places are good and some are so-so, but its icing on the cake. I'm just using Zillow's "Zestimate".
The ROI is high for 2 reasons - borrowing money (mortgage) and using other peoples money (the renters) to pay for everything.
Last edited:
Climber
Well-known member
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......
Eldritch
is insensitive
LOL, I don't know, different people handle their booze differently. I certainly get hammered on occasion, but rarely have any alarming stories to tell as a result.
For most of the few that exist, I blame BARF. :laughing