All Forum Posts by: Dan Brindley

The price just jumped to $73,500. I swear it was 40k when I posted it. How can it jump almost 100% in an hour?
Anyway, you said that the fees are 300 a month? That alone would be a death nail to your profits only earning $800 on it a month

http://www.realtor.com/realestateandhomes-Detail/7935-Preserve-Cir-Apt-415_Naples_FL_34119_M64835-85423?source=hp

It's in Naples, FL. I'm sure it would rent out for at least $800 satisfying the 2% guideline. This seems like a decent deal, no? I would rent it out.

I dont have any comps or many details. I'm not even considering this deal since I'm not ready to buy anything yet; I'm just practicing some mock deals.
I'm just wondering if you guys would be likely to inquire more about this TYPE of investment, or just dismiss it right away ignoring what the comps and other details may be.

I'll be working and living in S. Korea for the next 10 years at least. I will have a disposable income of 30k a year. I really wanted to invest this into RE, but it's kind of scary attempting it from the other side of the world.

Should the prospect of REI even enter my mind given my particular situation?

I'm on board with REI, too. Like most here, I'm a very visual person; I want to have a tangible investment I can control.

I know at times you may have wanted to rip your hair out (or maybe not) from dealing with tenants, or going through high vacancy periods, to maybe doing a bad deal on a house.
Did you ever think investing in the stock market would have been less stress, or maybe even more profitable compared to what you're doing now?
If you could go back in time, do you think you might have put your money to work in the hands of a smart investment banker and took it easy, instead of the life of a landlord?
I understand people may be a bit biased in their responses (given the forum this question is asked in), but if I even hear from one objective person, it would make for a great discussion.

I'm afraid I cant answer any of those questions right now. I'm sure i can dump it if need be, though. I think I better do some more research, thanks for the advice and info.

Ha! I love the last sentence in your article you linked. Pertaining to your question, I'm American, but I'm now working in Korea. I save most of what I earn. In a few years, I wanted to buy a home in SW Florida that I would eventually move into maybe 10 years from now. Until then I was thinking of renting it out.