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Gold/Mining/Energy : Tax Loss Selling Season - Best Buys? -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (91)8/5/2014 10:12:10 PM
From: LLCF  Read Replies (1) | Respond to of 128
 
Be interesting going forward for sure... I'm not confident in any near term prognostications... if the S&P went down 40% between now and Friday I wouldn't blink... if it took 10 years to move down that far I'd be very surprised (save for 20,000 oz gold), therefore I error on the side of caution.

DAK



To: John Vosilla who wrote (91)8/6/2014 9:54:09 PM
From: pcstel  Read Replies (1) | Respond to of 128
 
< I buy mostly 3 bedroom ranch houses in blue collar hoods.>

I buy mostly fixer upper 2 bedroom 1 bath single family houses in "sketchy neighborhoods" with no home owners association, at discount prices.

I go in and rip out all the floor coverings and tile it from back door to front door. Tile it six feet up the walls with the cheapest tile I can find at Home Depot or Craig's List.. Put in minimal appliances, etc

I call it "bullet proofing"

Then list it on Craig's List at a rental rate 25% higher than other houses in the neighborhood.

House For Rent.... Large Dogs Welcome...

The phone rings off the hook with people sometimes offering OVER my asking price for rent.

You think housing is scarce in some markets.. You should look at housing that will accept "Large Dogs" and doesn't have neighbors that will complain about the dogs.

The tenants are so happy to find a place that will take their dog(s) that they will overlook the neighborhood they live in, the conditions, etc. They expect to put down LARGE damage deposits, etc.

Not much to damage when it is tiled front to back and six feet up the walls.. (bullet proofed)

PCSTEL