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All Forum Posts by: Charles Perkins

Charles Perkins has started 4 posts and replied 164 times.

A point of clarification.

Landlords that self manage there own rental properties may be active RE investors, but generate rental income are not subject to SE tax even for REPs.  For tax purposes they would produce non-passive income.

Post: REI Investment purpose and vision

Charles PerkinsPosted
  • Posts 164
  • Votes 111

My long term vision was always about retirement.  I never saw RE as a passive activity, knowing that my criteria necessitated active involvement.  I didn't seek doors, but rather long term appreciation and cash flow to sustain and subsidize income.  I've achieved the goals I desired.

Quote from @Joe Villeneuve:

The word "average" says it all.  The average is based on what is usually a wide range of numbers covering a wide geographical area.  This means you are talking about many, many micro-markets where each micro-market has NOTHING to do with any of the others.

Each micro-markets stands on their own.  Incorporating them together into a convenient number (average) is just a lazy, and yes "stupid" thing to do. 

I agree with @Joe Villeneuve

 While averages can be a rough guide they can hide what happens in communities which can widely fluctuate from the average.  As long as an investor is aware of this it can't hurt.

I'm quite happy to have the 1 million in equity.  Of course the equity of my choice.  I see the question as being invested or on the sidelines.  

Post: Potential Market Crash

Charles PerkinsPosted
  • Posts 164
  • Votes 111

The real risk is your rental pool.  Some areas can become harder to rent in a down market. Some areas can experience rental rates that decrease.  It is a very good idea to become familiar with your housing market now and historically.

Quote from @Adrian Smude:
Quote from @Charles Perkins:

I don't believe RE investors are more prone to health problems.  Stress, work habits and work environment all have something to do with health and are common place in many jobs.


 I agree all workplaces can have health concerns, yet in my experience once financially free I don't see real estate investors take control of their health.  I have seen with small business owners.  Have you seen similar> 

I've met plenty of people with health issues, but haven't met that many investors with health issues personally.

I don't believe RE investors are more prone to health problems.  Stress, work habits and work environment all have something to do with health and are common place in many jobs.

Over My lifetime I certainly have used various income streams some of which I continue.  

The primary vehicle is real estate which is my business income and other streams are incidental.

Glad to see new investors getting into the market.  Tell us a little about your experience, the criteria that was important to you in deciding to pull the trigger on this property.  

The property certainly has street appeal.

State's also have there own estate taxes which are often quite different from the federal estate rules and laws.