Most of what's being built currently is high -
end rental stock, designed to cater to those people.
Not exact matches
In February, it acquired high -
end rental company Luxury Retreats for a reported $ 300 million in cash and
stock.
In February, Airbnb acquired high -
end rental company Luxury Retreats for a reported $ 300 million in cash and
stock.
Mrmoneymustache says: «My own retirement income comes from a dead - simple asset allocation: one high -
end rental house with no mortgage, and some 401 (k) and taxable
stock accounts which pay quarterly dividends.
This dynamic, coupled with the low statewide
rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low
end of the market that isn't met by current
rental housing
stock.
Here are the Show Notes: Currently have 5
rentals and 80k of income and trying to paying off
rentals because near retirement Also flips properties where the goal is 20k profit He outsources much of the work Got
rentals in 2011 and regret not doing it earlier Got hammered in 2008 Got out of the market in 2000 Interest rates are very low which is different that past times which means a good time to lock in loans,
stocks are pretty high Real estate is not for everyone and might have a wrong skill set If you don't want to do the work be a hard money flipper but only make 10 % (you need to have the money) Don't lend to someone doing their first flip Need to hire a virtual assistant — 5 properties can manage by self Let go of politics Marriage advice Begin with the
end in mind — He already knows his legacy and just lives it Teaching kids financial principals — mindsets and habits To teach a 12 - year - old — give them money To teach a 30 - year - old — they need to want to fix the money problem Letting go to be happy richersoul.com
I pulled money out of my primary resident in the
end of 2008 to buy
stocks, made a bunch of money in the
stock market in 2009, I pulled 1/2 of my gains out to buy single family
rentals in 2009 & 2010 and a bigger primary resident.