MoKelly
Super Member
- Joined
- Oct 30, 2009
- Messages
- 8,167
- Tractor
- Bobcat CT235, Bad Boy z-turn, Suzuki Vinson 500 and F-150
My best investments the last 15 years, when I hit the workforce, has been real estate. Rentals.
The capital appreciation and ability to use refinancing to pay down the principle faster has really provided a real cash flow that is not tied to anything. Free cash flows.
Real estate has some great tax hedges and overall it's a hedge on the stock market assets.
My parents have around 20 rentals that allow them a great retirement now. I now pay my father and his company to remodel the houses I buy. He is a retired contractor, but he can't stop working. He has a few older guys that work a few days a week and they go in and fix stuff. It's a win for everyone. It keeps him out of my moms hair and her out of his.
Just curious. Has all the COVID stuff about not paying rent and not being able to evict impacted you? I really feel for landlords based on what I see around St. Louis.
MoKelly