Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-19-2008, 03:34 PM   #21
Dryer sheet aficionado
 
Join Date: Jul 2008
Posts: 27
thanks guys - I think I'll start off slow and buy one rental property first and put a nice down payment =)

Already ordered those books on amazon!
__________________

__________________
A car is only as fast as the driver
dorikin_86 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-19-2008, 05:52 PM   #22
gone traveling
 
Join Date: May 2006
Posts: 1,036
Quote:
Originally Posted by dorikin_86 View Post
thanks guys - I think I'll start off slow and buy one rental property first and put a nice down payment =)

Already ordered those books on amazon!

Nooooooooooooooooooo..............!!!!!!!!!!!!
__________________

__________________
honobob is offline   Reply With Quote
Old 08-22-2008, 03:19 PM   #23
Dryer sheet aficionado
 
Join Date: Jul 2008
Posts: 27
it's too late =)
__________________
A car is only as fast as the driver
dorikin_86 is offline   Reply With Quote
Old 08-22-2008, 06:27 PM   #24
Dryer sheet aficionado
 
Join Date: Aug 2007
Posts: 46
I'm in SoCal too and have 7 rental properties out of state. If you get a GOOD property management company it can work really well. The one I use takes care of everything. I'm really happy with them. The checks are deposited from the tenants directly into my account so no chance of stealing funds. The company rehabs the properties, sells them with 20% built in equity and pays for any repairs needed the 1st year (they do really good rehab work so they know the chances of having repairs the first year will be small.) I'm really pleased with them. What's cool is the prices are sooooo cheap compared to here. The most I've paid for a property is $56000 (turnkey) and the cheapest is $8500 (pre-rehab). These properties are in decent working class neighborhoods too. Not 'the hood.'
__________________
Red Rover is offline   Reply With Quote
Old 08-24-2008, 04:38 PM   #25
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Largo
Posts: 1,945
I was a long distance landlord with a property in northern CA. I used a property management company for about 6 months out of the 13 years. Property management companies suck. I only made it as long as I did because I had a handyman neighbor to help out with stuff.

Read the recommended books and go visit the Mr. Landlord Question and Answer discussion board http://bbs2.mrlandlord.com/ . This will give you insight into the crazy crap landlords deal with on a daily basis and ensure you are going into this with your eyes (and wallet) open.
__________________

__________________
Buckeye is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Rental Property Financing semi-fired FIRE and Money 9 06-27-2008 05:41 PM
Rental Property frayne Other topics 5 06-04-2008 10:57 PM
Need advice for possible rental property virginia Young Dreamers 9 03-18-2008 07:06 PM
Property Management When Snowbirding beowulf Life after FIRE 19 12-17-2007 09:15 AM
HELP. Looking for Property Management in ATL xmanz3 Other topics 0 08-04-2006 11:30 AM

 

 
All times are GMT -6. The time now is 05:33 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.