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Time to invest contest
- Thread starter BigAl
- Start date
mak2
Active member
A friend of mine jsut offered to "give" me a house. She just evicted the third straight renter. The house appraised last year at 115k. The mortgage is 90k. New furnance roof < 10 years old etc. This is a whacky economy, I am afraid of this deal. What do you guys think. I have experence with rentals. Some do seem possesed by an evil non rent paying demon that goes away when some else buys the house. but 25k is tough to walk away from.
Put the address into Zillow.com and see if it has gone down 25k since that appraisal. Many properties have.
And look at Zillow's comparables, and comparable recent sales.
People have to live somewhere so rentals will always have some value. It seems to me if the rent will carry the payment plus repairs, plus some spendable income for you, then it won't hurt you to buy and then wait several years (and it probably will be) before you sell it for more.
You might want to start your own thread for this subject.
And look at Zillow's comparables, and comparable recent sales.
People have to live somewhere so rentals will always have some value. It seems to me if the rent will carry the payment plus repairs, plus some spendable income for you, then it won't hurt you to buy and then wait several years (and it probably will be) before you sell it for more.
You might want to start your own thread for this subject.
Well, I checked mine too. I am $390.04 cents in the black. Let the good times roll!!!!!!
OK, I didn't check my numbers, but I know I'm in the black too. 90% of what I bought was GLD and it was under $88 when this started, its over $93 now.
Looks like I'm off the beans & rice diet and back to steak and lamb chops!
Looks like I'm off the beans & rice diet and back to steak and lamb chops!
Well, it's been a good week for the stock market so I thought that I'd check and see what's happening.
I'm up $1117.04
Can't be bad. How about the rest of you guys? Man, I miss Big Al.
I'm up $1117.04
Can't be bad. How about the rest of you guys? Man, I miss Big Al.
Down $2000, how will you feed the boat this summer
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I did buy more acreage. How do I value that?
For the purposes of THIS little contest, which is a short term contest, that is a loser.
In the real world LONG TERM growth, short term loss. You and I are fairly lucky, we've not seen the massive devaluation in real estate in Indiana that other high growth areas have seen, but everything I see/hear is that we are not yet at the bottom and even in the reasonably stable areas there is some devaluation. I've been looking at buying some commercial property but still see that the prices may come down a bit more.
LVLT is up another 9.47% today. Seems like they are making some deals that will raise their value and stock prices.
The crapper is getting shallower for me.....only down about -$715.00 as of today. Sure beats the almost -4K of a couple weeks ago.........Things are looking up at least for today............
The crapper is getting shallower for me.....only down about -$715.00 as of today. Sure beats the almost -4K of a couple weeks ago.........Things are looking up at least for today............
Speak for yourself bro'. I'm still up $628. 44. Now, I'm not going to get rich doing this but then, not many people are. Still, I'm ahead. Now if only my real portfolio would do something spectacular, then I'd be really happy.
I didn't make much in the last couple of weeks mainly because my gold mining shares were down but I'm still $732 ahead.
I think it's about time for a May update since things have been going reasonably well in the market lately.
As of today, I stand at $1594.07 in the black. That's up 15.95% since the competition began. That's not too bad. Not being the greedy type, I'm happy.
All four of my picks are doing OK. The lowest gainer is my gold mining company at 6.08% and the big winner is my banking stock which rebounded and is up by 32.11%.
I wish Big Al was here.
As of today, I stand at $1594.07 in the black. That's up 15.95% since the competition began. That's not too bad. Not being the greedy type, I'm happy.
All four of my picks are doing OK. The lowest gainer is my gold mining company at 6.08% and the big winner is my banking stock which rebounded and is up by 32.11%.
I wish Big Al was here.
