At Home In The Woods

[Larro Darro]

I don't have much money to invest, but housing is low right now. With cash money you can get twice the house you could a few years ago. Rents are pretty high because a lot of folks who could get loans a while back can't today. They are forced to rent. If you have the money for a rental house, you know what your income will be. It might not be as high in the long run as the market, but it's steady.

And I think there is a bubble in stock prices right now. They are too high for the rocky recovery we are having. I think there will be an adjustment soon. Of coarse there is no way of knowing when or how much of one. That's the scary part.

 

[Kyle_in_Tex]

I don't have much money to invest, but housing is low right now. With cash money you can get twice the house you could a few years ago. Rents are pretty high because a lot of folks who could get loans a while back can't today. They are forced to rent. If you have the money for a rental house, you know what your income will be. It might not be as high in the long run as the market, but it's steady.

And I think there is a bubble in stock prices right now. They are too high for the rocky recovery we are having. I think there will be an adjustment soon. Of coarse there is no way of knowing when or how much of one. That's the scary part.

Renting is a tough situation with risks. I had the nightmare renter once that I had to get the Sheriffs to evict. wouldn't surprise me if the dude isn't in jail on a murder rap by now.

 

[Kyle_in_Tex]

I don't have much money to invest, but housing is low right now. With cash money you can get twice the house you could a few years ago. Rents are pretty high because a lot of folks who could get loans a while back can't today. They are forced to rent. If you have the money for a rental house, you know what your income will be. It might not be as high in the long run as the market, but it's steady.

And I think there is a bubble in stock prices right now. They are too high for the rocky recovery we are having. I think there will be an adjustment soon. Of coarse there is no way of knowing when or how much of one. That's the scary part.

Renting is a tough situation with risks. I had the nightmare renter once that I had to get the Sheriffs to evict. wouldn't surprise me if the dude isn't in jail on a murder rap by now.

 

[Larro Darro]

Renting is a tough situation with risks. I had the nightmare renter once that I had to get the Sheriffs to evict. wouldn't surprise me if the dude isn't in jail on a murder rap by now.

We have been through it too. We decided to sell one of our houses, and are using the other one for storage. If prices get back up, we will sell it too. But if you put the rent high enough, you get a better class of renters.

It takes more up front work, but if you can get a loan, you can acquire houses for little out of pocket money. Margie's uncle bought four or five houses by paying the down payment and getting long term renters to pay the mortgage each month. The loans were paid off when he died. Now his wife and kinds have a good income for life, or as long as they want to keep the houses.

 

[Scooter78]

Just sold my rental close Monday thank the man upstairs.

Scooter

 

[dhagood]

for a variety of reasons, we had a rental house that was 1000 miles away from where we live. you have no idea of the condition of anything, and have to make decisions based on information that is contradictory provided by people you usually don't know. we will hopefully close the sale on the 30th of this month and i will be ever so relived if and when that happens. having rental property that you can actually keep an eye on would have to be a less tumultuous experience.

i know that property rental can be a good source of income if done correctly. my parents, for example, have 11 or so rental houses. all but one of them are fully paid off and they derive a nice income from their real estate empire even though everything is done via a management company. further evidence, not that any is really needed, that my parents are smarter than i am.

 

[Obed]

The next door neighbor to the rental house is a plumber and seems to be a really good chap. I paid him to install a pressure reducer and put in a new cut-off valve where the city water enters the house. The house had no pressure reducer and was exposed to whatever pressure was at the street. That made me nervous.

 

[Obed]

The framing around the rental house's basement shower was not very good. I debated whether or not to reframe it. I really went back and forth. However, end the end I just couldn't leave the framing like it was. I removed most of the framing and started from scratch.

The framing under the shower gave inadequate support to the shower pan which is probably why the shower pan cracked. I decided to put a piece of Advantak under the new pan. I had not room to raise the height of the shower so I had to notch out the floor joists and in order to recess the Advantak flush.

 

[Obed]

I screwed some pressure treated 2x4s to the concrete block walls using tapcon screws. The original shower framing was not attached to the concrete; it just had some 2x4s resting against the concrete but not attached.

 

[Obed]

I observed that rain runs from the concrete parking pad into the carport. As a result, the bottom of one of the wood carport walls gets wet when it rains. I need to divert the water. Does anybody have any suggestions?