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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (1324)1/10/2002 4:57:08 PM
From: GraceZRead Replies (1) of 306849
 
I have a different perspective coming from the landlord end. At best, my properties provide nice tax losses and the rent payments do wind up in equity that I can borrow against....but sell it without rolling that cap gains (which is nothing more than inflation and don't forget to add back the depreciation) into another property and uncle gets a nice chunk, what is left doesn't even cover aggravation expense.

Nothing like sitting down for a nice romantic dinner with your husband and the phone rings with a tenant telling you that when it rained water came in, soaked the dining room ceiling which made it half of it collapse on their table. Do you have any idea how heavy wet plaster board is? -g- Never once did my stock broker ever call me up to tell me something was leaking and I needed to get over there and fix it. Of course, then there are those investments like @Home which shortened my life by at least five years, at least that ceiling could be fixed.
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