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Old 10-18-2011, 04:07 PM   #21
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Laurence, it's great to hear from you again. Thanks for the picture, I know you guys have plenty to keep you very busy.

I don't know about your real estate plan. It's got "ongoing expense being rationalized as an investment" written all over it. Still, if it makes your life better overall it could be worth doing.
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Old 10-18-2011, 04:37 PM   #22
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Hey, hey! I'm glad to see so many of you still here. I hear you on the land lording thing, I have pretty much a chorus of "Don't do it!" coming at me from several circles, I am definitely viewing the possibility with sober eyes. We know we got lucky to score our dream home two years ago post-crash yet manage to sell our current home for above asking, making us think "hey, this real estate thing ain't so tough!", at least at some level.
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Old 10-18-2011, 06:36 PM   #23
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Hello

Beautiful family pic
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Old 10-18-2011, 10:12 PM   #24
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Welcome back Laurence.....wonderful photo! The girls are the cutest!
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Old 10-18-2011, 11:03 PM   #25
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Good to hear from you!

Real estate itch got you going, huh? They say it's a great time to buy smart if you can figure it out. I hope you keep us up to date.

Welcome back.
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Old 10-18-2011, 11:32 PM   #26
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Quote:
Originally Posted by samclem View Post
Laurence, it's great to hear from you again. Thanks for the picture, I know you guys have plenty to keep you very busy.

I don't know about your real estate plan. It's got "ongoing expense being rationalized as an investment" written all over it. Still, if it makes your life better overall it could be worth doing.

Guilty as charged, to a certain extent! And knowing that means I won't touch a deal I'm not 100% on.
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Old 10-19-2011, 08:40 AM   #27
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2nd home/vacation rental/r.e. investment/getaway. You have mentioned all of these reasons to try it. IMO, short stays in the rental business drive up costs and the risk of damage. Years are better than months, months are better than weeks, and weeks are better than days. You also want your kids to enjoy it. Turning them loose in downtown could be a problem. I would suggest a place that is fun for everyone.

We got a beachfront condo with good rental management. It was great that the kids got to know the complex. Once we taught them to swim they could navigate the area by the time they were 5-7 years old. This lasted for 11 years. The boys will still circle around to this area when they are in Florida because they are so familiar with the surroundings. It broke even most years on operating expenses and went solid black at sale time. No regret here.
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Old 10-19-2011, 12:24 PM   #28
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I can not believe that Olivia is already 4 years old as it seems only the other day you had the name poll up.

Welcome back.
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Old 10-19-2011, 03:08 PM   #29
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Burns: Right-sizing your home - Houston Chronicle

Interesting timing of Scott Burn's column in the paper today.
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Old 10-25-2011, 08:25 PM   #30
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If you buy a condo in the Gaslamp, I will speed as fast as I can back to San Diego and rent from you!
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