All Forum Posts by: Don Gouge

What are the exact duties of your marketing manager? Are these college rentals? If the guy is handling money or making management decisions it s different than being in charge of advertising.

A degree in real estate is worthless. Fewer and fewer degrees have any value because they are so much more common. A specific degree like in accounting, chemistry or engineering or a gateway degree to a professional graduate program such as physical therapy has value. Better yet, go to trade school and become a plumber or welder.

Why do you want to stay in a house with someone who is unstable and extremely aggressive?

Why do you need to record audio?

So you are just $800 short of having enough money to get out from under the car?

SELL THE CAR!  THERE IS YOUR ANSWER!

@Michael Kugler share with us the details of this new project that came online a year ago. Can you offer a link?

Not picking on you by any means but why does someone buy a house without being able to see inside? I know people do this but why take such a risk? 

I look at things a bit differently than many in that I don't ALWAYS think that buying a home to live in is always the best thing to do. Homeownership has a lot of costs that people are willing to overlook. When you rent and the heat pump dies the landlord pays. WHen the roof needs replacing it doesn't come out of your pocket. The landlord pays the property taxes. When you rent and need to move you just give notice if you are month to month or of you have a lease you are usually within a relatively short period of time of lease end. If you own and have to move you have to sell and that can take a very long time. You have to pay a lot of money to sell your home. Ordinarily I believe in most long held beliefs in common sense investing but there are always exceptions and times do change. A college education is a great example. Young people have been told for the last 75 years that college was valuable and a great investment and should be pursued at all costs. Now graduates come out of college with massive student loan debt that is altering their lives and working low wage paying jobs. 

I agree with Andrew that you need to do a little leg work on your own and find out what lot only rent is for comparable lots in your area. Your buyers are really going to be focusing on total cost of home and lot combined. I would take advantage of this and set the lot rent maybe $25 a month higher than average and make the trailer payment $25 lower. You get the same amount while the trailer is being paid off but when it's paid you are going to get maybe a touch higher than market for the lot.