All Forum Posts by: CL Ziegler

@Soh Tanaka Do you install software on your machines? Is there one you recommend? We are a small company, so we don't need something big and sophisticated. 

Good summary. This is exactly my plan at present, just having paid off a substantial holding. Will try to add 2-3 SFHs per year moving forward. Also, having stumbled upon a great local wholesaler will help this process, I'm hoping.

 Great answer.

Excellent advice.

Again, want to thank you all for your input. Such a great group of folks here on BP !!

Hi Everybody, I want to thank you all for such excellent answers. You have given me a lot to think about, and it has been a huge help already. I was gonna try to tag each of you by name but there doesn't seem to be a way to do it other than manually which would take a couple of hours, so I will just say it here:

Thanks!!!!!

I really appreciate all the great insight and encouraging comments. Wich you all a great 2020!

Hi Everyone,

In a casual conversation the other day a friend said: 'You can't look for a quick return. Any money made will be over the long term.'

That has been bugging me ever since he said it.

Here's my question...

Where do you plan to make your money from a rental? Short term (monthly cash flow) or long term (what does that even mean; appreciation upon selling out) ?

I will admit that when I got into rentals (I own 6 SFHs) I was trying to increase income in the short term. But my friend's comment has kinda rocked my understanding of what it's all about. If I'm investing now to make money LATER then why bother with all the aggravation. Is it worth it?

Another question:

Is it still practical to continue acquiring rental units later in life? If a person is over 50 years old, are long term rentals still a good vehicle for investment?

Look forward to your responses. Thanks in advance...

Thank you everyone... @Account Closed

Thank you everyone for taking the time to offer these insights. I appreciate it very much!

Thank you @Scott Davidson