[TPowell]

Am thinking of investing in some real estate property and renting it out. Have learned a great deal from an ECON teacher at school who owns 4-5 rental properties (condos, duplexes, etc). Am hoping to get something done soon and rely on the rent payments to keep me financially okay without having to work in college. Any advice?

[podunk]

the people that will rent from you will turn out to be pieces of shit

[TPowell]

I know but you can check their credit, driving records, and if they've had any felonies before-hand. Guy told me he had 1 guy in his 15 years that caused him trouble

[TPowell]

come on you fuks, I know some of you have to have real estate

[DOMINATER]

I have plenty of real estate you are not ready for that

[DOMINATER]

Investment stuff is a third down you won't get shit from the banks

[DOMINATER]

Its o.k but you need cash for starters if they see a kid is in charge forget it

[DOMINATER]

Go to college hustle tending bar if your big ,body guarding good to know martial arts

[carysturtz]

love this site

[TPowell]

I've got a partner that is in his mid 40's. I dont plan on going through the bank anyways. A lot of property around here is zero money down.

[stevek173]

i work in real estate u can pm me if u want

[flyingillini]

If it wasn't for real estate I wouldn't have the things that I have now. It has allowed me to live the life I have always wanted. I am extended beyond belief at the moment but I have done very well. I can never own enough. Bottom line is it is all about three things. Location Location Location.

[mmike032]

bottom line is ...
rental property is most investors demise...
you dont have a clue what your getting in to
all newbies get into it cause they think its easy money...
you will soon find out differently
goog luck
dont say I didnt warn ya...

[GELATINOUS CUBE]

Why not? If you have all the cars and tvs and couches and shit you need, why not invest in real estate.

The thing is, do you guys really think property value will keep going up or down? Seems like overpriced places have really fell far in the last 4 years, but other places that were cheap, ain't cheap no more.

Go 4 it.

[flyingillini]

Gelly, the average person doesn't understand some of the areas in Southern California. You know if you have property in Santa Barbara you cannot go wrong. It can be World War 3 and there are tons of people with a lot of money that keep wanting to live here. The areas and prices are insane. Not talking about the E and G town.. Hope Ranch, San Roque Area, The Riviera , Montecito etc etc.. A million doesn't even get you something that outstanding.

[ol'Tex]

get a property and ill pay you double rent if you let me grow weed in it

[flyingillini]

Originally Posted by ol'Tex

get a property and ill pay you double rent if you let me grow weed in it

You must not live in CA. Lots of grow houses all over. Weed stores are everywhere, its no big deal.

[Sledge187]

My friend got into real estate two months ago then he got hit by a car.

[ol'Tex]

i used to live in santa cruz.. where do you think i got my bankroll! LOL (J/K)

although i did live in santa cruz.. i miss the weather.

[pico]

watch out for gay prositutes

[spartangreen]

Buy some cheap houses in the crappy part of town and take section 8, government pays the rent so you always get paid.

[in2thethickofit]

I'd rather slide down a giant razor blade into a pile of salt than get involved in real estate...just my opinion....