Too choked up to speak…
Best posts made by CajunDavid
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RE: Welcome FatWallet Refugees
Nice to see some familiar names that have saved me $$$ over the years. Or I think they have.
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RE: WELCOME NEW USERS !!! Ask your questions here! (flame-free) !!!
Absolutely loved this thread from the old country. Thanks for setting it up!
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
I have done fine with rentals but am gone for 5 months during the winter so I have been selling rentals this year. It’s been a great year to sell. I have never enjoyed having tenants even though I almost always had great tenants. Now I prefer to buy fixer uppers, make them shine, rent for a year and sell them. I have been working with people just trying to get started in my area and it just reinforces that fact that everyone does it differently. I am not leveraged because debt makes me uncomfortable while some make bigger profits highly leveraged. Thanks to rufflesinc for starting this thread that I hope grows too long to read!
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RE: Two Cases (20 reams) of Letter Size Paper Free after Rewards at OFFICE DEPOT (Shipped for free) AC
Thanks, I was worried I was going to run out of paper in the next few decades.
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
@ThomasPaine Thanks! A number of years ago I did a few land contracts when interest rates were high and I was able to go even higher. I actually made more money on the financing than on the re-hubs. If interest rates were to go up again I would consider it. At one point I was getting decent downpayments then 11% interest! I didn’t care if they ever paid it off as I had security that was fairly easy to “reclaim”.
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RE: Welcome FatWallet Refugees
@justanothergeek Do you realize your first post put you in the top 50% of posters? Lol! Welcome!
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RE: PM/Chat Your Alternate Forum Name ***SUBMISSIONS CLOSED***
Any member who submits a name chosen to be the permanent site name will receive a $50 Amazon gift card compliments of us! Now get busy and start thinking! All entries must be sent to me, CajunDavid, in a PM to be considered. Thanks!
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RE: Login using email isn't working
I just logged on with email using Safari.
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RE: PM/Chat Your Alternate Forum Name ***SUBMISSIONS CLOSED***
Thanks to everyone who submitted suggestions. We have some great possibilities!
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RE: [Expired/Fake Freebie] FREE Smoked Garlic Sample
In for 1. Smoked garlic just has to be good! Thanks!
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RE: Amazon Not-So-Secret Links and Tips Continued
Thanks, I live for Amazon and Alexa but didn’t know most of this. It will take me hours to soak all of this up.
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RE: Individual Stocks/Investments
David Scubadiver, great to see you. I was hoping that you’d show up!
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RE: Two Cases (20 reams) of Letter Size Paper Free after Rewards at OFFICE DEPOT (Shipped for free) AC
@fivetalents said in Two Cases (20 reams) of Letter Size Paper Free after Rewards at OFFICE DEPOT (Shipped for free) AC:
@cajundavid said in Two Cases (20 reams) of Letter Size Paper Free after Rewards at OFFICE DEPOT (Shipped for free) AC:
Thanks, I was worried I was going to run out of paper in the next few decades.
Store them next to all of your free after rebate printers and shredders I presume?
I keep all of that in the trunks of my graveyard of Crown Vics
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RE: The INVESTMENT / RENTAL PROPERTY thread!!!!!!
@jaytrader said in The INVESTMENT / RENTAL PROPERTY thread!!!!!!:
Here’s a situation for yall experienced RE investors/landlords:
Bought a 2/1.5/1300sqft condo for $360k two years ago (relevant because we won’t get hit with taxes if we sell and thus aren’t chained to it anymore). Just redid the upstairs bathroom with new tile, new bath/surround, new vanity, toilet was new so we reused it. Had hardwoods downstairs, and I put new ones in when we moved in upstairs so it’s 100% hardwood or tile now. Kitchen was redone a few years before we bought (granite, tile, backsplash, new SS appliances) Zestimate (yes, grain of salt, I know) says $400k. I totally disagree with that, and other estimate sites are a bit more conservative, in the $375k range. Rents for these kind of places are going for about $2500, give or take.
We are thinking that we’ll rent the place out and add the condo to our retirement portfolio as we intend on buying a house within about an hour radius, within a year or two. That means we’d have been here for about four years at that point but it means we have about three years of rentability before we’re now chained to it from a tax perspective (2 years lived in of last 5).
Rent or sell? Monthly nut is about $2900 PITI+HOA. If we rent for $2250 (to undercut the market and thus have a large tenant pool (hopefully)), we’ll about break even after taxes, I think. Any more than that is just gravy. I realize maintenance is a real expense, but I rationalize that by saying if the hot water tank blows up while we live here, we have to replace it. So the same holds true for that expense if we rent it out.
In the lower NY area, I believe rental margins are significantly lower than most other places in the country. I’d be happy breaking even, since it means I’m gaining “free” equity. However, a positive cash flow situation is attractive, of course.
Again, rent or sell?
In my neck of the woods this wouldn’t be a winner. Rents are too low even before figuring in HOA fees, taxes, insurance, repairs, vacancies etc. Plus avoiding taxes nice is a nice plus. But the numbers are always regional and I deal in lower priced properties that often give us a larger percentage of return. In my case I would sell then try to find a rental that the numbers work on. Good luck!
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RE: Ozark Trail 35L Silverthorne Backpack (orange) $13 + Free Store Pick-up
Not a bad price at all. Might jump in on this. Thanks op
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RE: Staples Deals Week of 9/24: $1ar/ac Four Ream Case Paper
Most of the reams of paper now supporting my home were free or 99 cents. At $2 I couldn’t afford as large a home.