Ferrari Mailing List: Re: OT - Investing? Selling? No Ferrari COntent

[robert_h_bowser [at] juno.com (robert_h_bowser]

General rules:

1.  If you can't afford negative cash-flow:  Property value no more than 100 
times monthly rent (i.e., don't pay more than $200K for a house you can't rent 
for more than $2000 a month).

2.  If you need a tax deduction, and can afford negative cash-flow for 5 to 10 
years:  Pay up to 200 times monthly rent (i.e., $400K house renting for $2000 a 
month).

3.  Rental properties are like children, they need constant attention and a 
lifetime commitment.  Make sure you are really willing to do that.

4.  If you are not a handyman jack-of-all-trades, forget it at any price.

Of course, your results may vary.

Right now, prices are still too high in most areas to make renting out a house 
pencil out.  I've been buying and renting out houses for 35 years now. Can be 
lucrative, but not an easy road to riches.

Bob

-- "E M" <pokiebaron [at] gmail.com> wrote:
anyone have any thoughts on buying a rental property now.  Sounds like there
are some deals to be had.  Or is the incoming gov going to make it harder
than it's worth for outside investors?

Thanks for your thoughts.

Ed

2008/11/20 LarryT <l02turner [at] comcast.net>

> Howdy -
>
> I know this is not a financial list but perhaps some of you can provide
> some suggestions -
>
> My (very) small portfolio has been decimated over the past couple of months
> - heading down faster than a (well the analogy I had in mind may not be
> appropriate) Fast anyway.    Should I leave it in the hopes it'll return
> eventually?  Sell what little is left?  Keep the good stuff (Mcd, Dominion,
> some Mutual Funds?) or just dump everything and buy as much gold as I can?
>
> BTW, I'm almost 59, disabled and can no longer work - what I need is a
> bailout of several million - maybe 5 or $6MM would do.  Course, all my bills
> have been paid, never late - including my mortgage so I guess I'm SOL.
>
> Thx --
>
> Sincerely,
> Larry T  (74 911, 91 300D 2.5T)
> www.youroil.net Oil Analysis Kits &
> Porsche Posters/Weber parts
> .
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