Can we talk about real estate for a minute?

[Yagirlcheatinonus]

Th me reason I’m taking this thread I own a property and I wanna keep it and purchase another home. I’m just looking at the market people paying this much to rent somewhere. Anything over 1500 in the south is criminal. Where do you see the housing market going. I might just sell it.

 

[King Harlem]

Someone presented me with an opportunity to buy a property with the idea of me renting it out, but with the HOA fees there was no way it was good investment.

To answer your question, the housing market will continue to be sellers' market if you are in or near a metropolitan area. If you live in an area that is seeing a population decrease trending over time than you will be taking on some risk, but even then, you will probably continue to rise.

 

[Yagirlcheatinonus]

Someone presented me with an opportunity to buy a property with the idea of me renting it out, but with the HOA fees there was no way it was good investment.

To answer your question, the housing market will continue to be sellers' market if you are in or near a metropolitan area. If you live in an area that is seeing a population decrease trending over time than you will be taking on some risk, but even then, you will probably continue to rise.

People payin 2000+ to rent property. The avg family can’t afford that. Even the homes in the hood kinda steep.

 

[feelosofer]

As someone who owns multiple rental properties (just 2 houses and part ownership of a building) just leverage what you have and balance it against the market and you should be ok.

 

[CopiousX]

People payin 2000+ to rent property. The avg family can’t afford that. Even the homes in the hood kinda steep.

Really? That's perfectly reasonable for a married couple. That's only a thousand each. you'd have to be a bum to be unable to raise that amount.

If the same pair of people were single, they'd be paying much more than that separately.

 

[Yagirlcheatinonus]

Really? That's perfectly reasonable for a married couple. That's only a thousand each. you'd have to be a bum to be unable to raise that amount.

If the same pair of people were single, they'd be paying much more than that separately.

Yeah but you’re never going to really own it. 2000 is a lot to throw away for something you never going to own you can get a mortgage for cheaper and put the remaining in your home.i just look at things different.

 

[King Harlem]

Yeah but you’re never going to really own it. 2000 is a lot to throw away for something you never going to own you can get a mortgage for cheaper and put the remaining in your home.i just look at things different.

It depends on the rental prices for similar options in that area.

 

[Schadenfreude]

Yeah but you’re never going to really own it. 2000 is a lot to throw away for something you never going to own you can get a mortgage for cheaper and put the remaining in your home.i just look at things different.

Depending on the market, interest rates and how much you put down, maybe not.

 

[King_Sage]

Op, what would your profit margin be in percentages if you rented.. if you scrapping by or have to pay out of pocket each month it's not really good business.. But I don't know your situation or goals either

 

[Vic Damone. Jr]

Some insight @Mystic

 

[maxamusa]

OP can't get boot the squatters


this shyt aint for you chief...... sell ASAP you soft fakkit.

 

[Booker Carver]

What do the numbers say?

Here’s what I would be looking at:

Cash flow? After having factored in PITIA, vacancy’s, management fees, cap ex and maintenance. If I’m cash flowing and it’s appreciating, then I likely keep it. Unless you need the equity for down payment.

I’m selling it if it doesn’t cash flow after all the expenses I mentioned.

 

[the cac mamba]

Th me reason I’m taking this thread I own a property and I wanna keep it and purchase another home. I’m just looking at the market people paying this much to rent somewhere. Anything over 1500 in the south is criminal. Where do you see the housing market going. I might just sell it.

i was thinking of renting out my old condo, when i bought a new one, but i just sold it

throwing that money in the stock market, and just letting it sit there>>>>>decades of dealing with renters' bullshyt and evictions. fukk that shyt

 

[Standing on business]

Th me reason I’m taking this thread I own a property and I wanna keep it and purchase another home. I’m just looking at the market people paying this much to rent somewhere. Anything over 1500 in the south is criminal. Where do you see the housing market going. I might just sell it.

What year do you think this is

 

[maxamusa]

What year do you think this is

brehs trailer deep in a swamp in the bayou