How the US is Subsidizing High-Risk Home Buyers — at The Cost of Those With Good Credit

#76
#76
VolStrom said:
You disrespected my father. You didn't apologize for what you said, you just doubled down. This isn't on me, this is on you.
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You literally told the whole board your dad was not good at handling renters. Now you're mad at McDad. Bro either you over shared and are sensitive or left the wrong impression on your dads ability to be a landlord. All of this is on you.
 
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#77
#77
VolStrom said:
What happens when the price of the asset goes down? Housing prices aren't exactly going up right now.
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For the most part it doesn’t matter if it goes up or down if you have positive cash flow.

If you buy an office building for 500k but for some reason (highly unlikely) it’s only worth 400k when you pay it off, it doesn’t matter at all. You just made 400k
 
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#78
#78
volfanhill said:
You literally told the whole board your dad was not good at handling renters. Now you're mad at McDad. Bro either you over shared and are sensitive or left the wrong impression on your dads ability to be a landlord. All of this is on you.
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My replies aren't helping so I'm gonna just let it go.
Really doesn't matter.
 
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#79
#79
VolStrom said:
I want no part of the real estate business. My dad was in real estate and it seemed like every day he was asking me to fix something at a renters house or apartment. If they didn't want something fixed I had to get the crap out that they left behind in the middle of the night when they skipped out without paying the rent. I can make just as much money just investing it than I can in real estate and not have the hassle.
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I own a trailer park, so I don’t have that problem. I own the land and they lease it from me. They own the trailers and are responsible for any repairs.

But because of the tax benefits of real estate and the power of leverage, I have to disagree with you that you can make just as much investing in other avenues. I also can’t ensure my stock portfolio.
 
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#81
#81
@VolStrom

You mentioned your father in a post you made. You brought him into this.

You are obviously upset over this.

You are a grown man, and can do what you want. But I think you have taken this too far. Jmo.
 
#82
#82
Vol8188 said:
I own a trailer park, so I don’t have that problem. I own the land and they lease it from me. They own the trailers and are responsible for any repairs.

But because of the tax benefits of real estate and the power of leverage, I have to disagree with you that you can make just as much investing in other avenues. I also can’t ensure my stock portfolio.
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I’ve got some duplex properties. I dream of owning land, covered with trailers (that I do not own).

Did you have to set up the lots? Or did you purchase the park already in operation?
 
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#83
#83
85SugarVol said:
I’ve got some duplex properties. I dream of owning land, covered with trailers (that I do not own).

Did you have to set up the lots? Or did you purchase the park already in operation?
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Purchased. My understanding is that it’s very difficult to develop a new trailer park in most areas.
 
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#84
#84
Vol8188 said:
I own a trailer park, so I don’t have that problem. I own the land and they lease it from me. They own the trailers and are responsible for any repairs.

But because of the tax benefits of real estate and the power of leverage, I have to disagree with you that you can make just as much investing in other avenues. I also can’t ensure my stock portfolio.
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I’d like to get into trailer parks myself.
 
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#85
#85
Vol8188 said:
Purchased. My understanding is that it’s very difficult to develop a new trailer park in most areas.
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I’m not trying to run water and electrical. Would definitely look to purchase something already in operation.
 
#89
#89
85SugarVol said:
I’m not trying to run water and electrical. Would definitely look to purchase something already in operation.
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Best part is this one has city water and sewer. Only had it since October and lucked into this one. Actually lived in it for a couple of years when I was a kid.

I search realtor.com for commercial property and multi family probably more than I should and run across a few that way. There’s also mobile home park store and loop net.

Also have a list of of local trailer parks and their owners from county tax records. But sending random letters in the mail seems a bit gross to me.
 
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#91
#91
VolStrom said:
So we agree. I really don't care what happens to the housing market because I'm staying where I'm at until I die or my kids make me move into an assisted living home. Rental properties are a pain in the ass and I want no part of them, they're like having a 24/7 job.
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I certainly don’t know enough about the investment side to argue with you or anyone else. It would be like you telling Me that you spent 10 years as a VP for ToysRus. Not much way for me to argue about it.
 
#92
#92
Sums up my feelings about government on just about any policy

"The safety engineers do more work, causing yet more damage to the mechanisms essential to sound money. But now the safety structures are so pervasive and strong across the banking industry that there is widespread belief that bank crisis eruptions will be smaller or, more likely, totally repressed"


A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises | Brendan Brown
 
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#96
#96
hog88 said:
I’d like to get into trailer parks myself.
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I’d be open to owning more, but the issue is they’re all over priced. Because we all want one, and most of us who own one like it too much to part with it for anything reasonable. I may sell mine one day but I’d want 350k-400k and it’s not worth that. It’s only 11 lots and the lot rent is only $150. So roughly a 4% cap rate
 
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#98
#98
85SugarVol said:
I’m not trying to run water and electrical. Would definitely look to purchase something already in operation.
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Some land near me recently sold. It was several parcels now combined by the new owner who is developing it. It had an existing trailer park on it. I hope you find something but it is tough in my area to find anything with acceptable ROI right now. I've been investing back into my portfolio with upgrades/expansions in the meantime.
 
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#99
#99
Orangeburst said:
Sums up my feelings about government on just about any policy

"The safety engineers do more work, causing yet more damage to the mechanisms essential to sound money. But now the safety structures are so pervasive and strong across the banking industry that there is widespread belief that bank crisis eruptions will be smaller or, more likely, totally repressed"


A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises | Brendan Brown
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I don't agree with everything in the article. But I do agree with the overall premise.
 
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