All Forum Posts by: Keith A.

... or look at the electoral map from 2016 for anything colored blue. 

cant imagine why anyone would live in a major city anymore... or invest it one.  

I have confidence purely because of Trump (If you don't agree there is no need to let me know).

He will get us through this and the economy will be stronger then ever. If there is ANYONE that can heal a hurt economy it is him, whether you hate him or not. I bought during the recession, and I'll buy during this virus. Unlike the recession which had an undetermined timeline, this virus will soon pass, especially when people realize that the people at risk are the same people that are at risk from the flu.

fear can = the best time to purchase.

This IS what a renter looks like on paper.  Look for red flags like evictions, criminal history and credit score and can't verify employment.  But debt? Most of your renters are going to have debt... and thus this is why they are renting.  

Here, I'll sum up this entire thread:

Paraphrasing the sensible people: you should rent to people that follow the law and are here legally. You can do background checks on such people. 

Paraphrasing the others: Rent to them and exploit them since they have no choices and will never leave. Cashflow big on this property because they'll never complain and will probably do handywork for nothing. Tell yourself you are a humanitarian providing humans with something they need... it makes it all better! Your not greedy, you provide a service! And don't forget, the country was built on immigrants so exploiting ones that are here illegally or trafficked is justified.  

It truly is insane what people will do for $$$ and how they will breathlessly justify it. If you think you are a humanitarian then donate to wounded warriors. 

People that run meth labs also need a home as well. Do you rent to them with your big humanitarian heart?  Renting to ILLEGAL people means you are doing it because 1) it's easy to exploit them since they don't have choices and/or 2) because of GREED.  
Fluffy cotton candy cloud fellow human being type responses exist to cover the stink of the real reason people do it.  Owning a business that promotes illegal activity HURTS legal immigrants, their wages AND the safe surroundings that all legal immigrants deserve. 
You have no idea who you are renting to... but who cares as long as the $$$ is coming in.  That is NOT providing a basic human need, it is feeding greed. 

This is not a political post so please leave politics out of it. This is about landlord posts I see on here quite a bit about whether or not to rent to illegals.

Let me tell you something, if you are knowingly renting to people that are here illegally, you are part of the problem. If your excuse for doing it is because they pay on time , then you are exploiting them. If you justify it because of some saintly reason, you are full of fudge. If you do it because they stay for years because of lack of choices, then you are greedy. If you wind up with someone that gets deported or arrested for other crimes, then it’s your fault for not doing a SSN background check and thus seeing they have no SSN.

What should you have done? There are so many people trying to get housing that are here on Visa. THEY have a dream. THEY are stable and pay on time. They are assigned a SSN to check. They waited for this dream. Be apart of making their dream a reality.

I’ve rented to people here on Visa and felt horrible hearing how hard it was for them to find housing that wasn’t is a D class neighborhood. It’s sad what people will do for money. Illegal is illegal.

That’s my worldly landlord advice to anyone considering the scenario. There is no shortage of legal, stable renters in this country.

@Luke Dilorenzo

Laws are laws. I’ve rented to LEGAL immigrants that came here the correct way and had a SSN and and an American dream. That is a beautiful thing. What sucks is anyone telling you that there is nothing wrong with renting to illegals because of blah blah pay rent on time because they have no choices blah blah. Purely enabling illegal activity because of MONEY and GREED while trying to sound humanitarian.

Renting to illegals is contributing to The problem. Using a handyman that u know is illegal is being part of the problem. You will always find good tenants and handymen that are here the lawful way.

The real question is at a state or regional level ...  but at any time in America, people have always needed a place to live... good or bad.  Regional or state issues that make investing in real estate attractive or not in those areas mainly depend on laws that are passed (and thus who is elected). I for one would not invest in a state that makes it very hard for a landlord to evict someone, hard to raise rent, and forces property owners to pay large taxes.  We are in a golden age in America right now whether some people want to admit it or not....  investments in the United States have turned to gold over the past 3 years. There is bound to be a downturn in some parts of the country in the next decade... and I would predict it would be in states that people are currently fleeing from as they migrate to the midwest. My bets are on coastal california being an area to keep an eye on for failure. Meanwhile other states such as texas will flourish as companies and people move in due to low taxes, sensible laws and people not sh*ting in the streets. 

My tenants are all employed and paying rent, my rental property values keep going up ( well, I kind of wish THAT would stop) and the feeling of stability and urge to make more humble investments is strong. NOTHING bad happened that was promised to us - A recession, Third World war, people dying etc. So, what does this new year have in store for you investment wise? For the first time ever I am considering venturing into commercial with an experienced business partner. Everything is thriving around me here in good ol Texas. I am also ready to cash out refi for one more SFH. What about u?