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Pages: Real estate is for chumps [1]
Author Topic: Real estate is for chumps

Posts: 1

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2011-01-30 2-00-16-

Real estate is for chumps even if you buy a 4 unit place and rent out 3 of the units... your Cap rate is only going to be 5 or 6%. and that doesn't count the mortgage interest you're paying. you'd be better off with a 5 or 6% mutual fund and renting your pad. Less hassle. No property tax. it almost always comes out far ahead.
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Posts: 2

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2011-02-01 12-50-43

You don't build equity by renting.
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Posts: 8

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2011-02-01 13-17-43

Hell yeah that's why I rent in Hayward! I'm playin the game!
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  • wanke

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    2011-02-02 4-27-17-

    The hay stack? no wonder you wanna be me..ROFL
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    2011-02-02 17-29-58

    stupid imps... makin me fall for it n shit :/ hahahahaa
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    2011-02-02 21-36-34

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    2011-02-03 1-23-45-

    hahahaa you so fuckin dumb!
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    2011-02-03 8-10-59-

    some love the attachements some like to stay more liquid
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  • lehrer

    Posts: 16

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    2011-02-03 14-46-08

    so many people have lost their retirement thru or lost a huge percentage. your property may be de-valued but you can renegotiate your property tax and still rent at the same or higher rates.
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