Any Ideas ??? - Posted by Peter

Posted by Dennis (FL) on March 28, 2000 at 19:19:21:

Hey Peter,

Trash the J O B!!!

My very best wishes,

Any Ideas ??? - Posted by Peter

Posted by Peter on March 28, 2000 at 16:14:35:

I would like any opinions on a good strategy for
REI. I have a few rentals. Some are in the lower
end neighborhoods. Sometimes lots of problems…
you know…not paying rent, skipping town, tearing
up the property, leaving utility bills, etc. It’s
a big headache trying to work fulltime and going to
school and then trying to manage these headaches.
These type properties usually are slow to sell.

So what would you suggest…buy/hold, buy and sell on
wrap, L/O, buying paper, multi-units (apts) ???

Also, what would you do with those headache properties

What REI books course do you recommend ???
I have CS course already.

Thanks in advance.

Who needs T&T’s? - Posted by Michael Morrongiello

Posted by Michael Morrongiello on March 28, 2000 at 21:36:59:

Tennants and Toilets , they can make your life miserable… I don’t advocate landlording until you have a cash cushion establised. This is a main reason Why I have migrated to Paper investments to balance my rental properties headaches.

If these properties are not deemed “keeper” type properties in your eyes for long term holding then I would consider converting them into a lease option situation or simply sell them and take back paper.

Just my .02 cents
Michael Morrongiello