What do y’all think of rental property investments?

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I've never really understood the desire to be a landlord. My s&p index fund rarely lights the side of the house on fire with the grill, or flushes a t-shirt down the toilet. Arguably, it's diversification, but you could also sink money into a targeted REIT and get the same exposure. With so many other types of investments available to a modern investor, I just don't see the upside.

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This is only happening in a few markets. Most markets don’t have this kind of appreciation and the cost of managing the property is grossly underestimated or ignored.

Good way to diversify your portfolio, but very capital intensive and not passive at all if you don't hire a property manager.

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@OP - I hope that works out. Truly. I can’t find turnkey properties where I live close to the cap rate I’m looking for. My only play is to fix up.

My uncle is a contractor and I grew up helping him. Out of state management is way too “out of sight and out of my control” for me...I have too much capital tied up to not be the driver.

The other things that I cannot tell you how much I misunderstood when starting.
1. You can’t get the “Donald Trump Special” tax breaks when you have a W2.
2. Do NOT underestimate bookkeeping time. I hope you find at least an ounce of joy in filling out your expense reports. I don’t. So I pay for a bookkeeper.

Avoid at all costs - especially in this economy. It’s almost unethical.

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In my market I suspect it would take as long as I took to put it up as available. I can also afford all of my mortgages without having to dip into savings.

I like it, have a couple of rental properties. I prefer to be within a certain driving distance from my properties (was managing on my own but now transitioning to a management company). You will need to spend some money from time to time on maintenance such as handyman for cloughed pipes to appliance not working. Vetting and getting good tenants is key to success.

Slack 1 is just trying to be a woke little shill

That’s a wild assumption to make.

I own three rentals and haven’t had a single issue collecting rent, I have good tenants and I do good screenings.

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