All Forum Posts by: Nicholas Misch

I buy property. The value goes up. I refinance and then buy more property. Not sure if it’s a myth or not but the money I make doing this isn’t a myth. 

 Really I could care less about complaints from people who aren't staying as long as I and my guests are following my, and the local rules. 

I definitely understand your dilemma. I love when I can pull cash out of a property to buy more investments with it. I always feel that it's wasting away sitting in a property. For myself however, I do think I would have a hard time taking it out at 2.5% and then be paying 5.8%, unless the deal or investment I am going to put it in can beat the 5.8% and compensate for the hassle and fees to refinance, so I would probably have to get 8% or better to make it worth my while. 

It's probably more nuanced then we can fully understand, but I always think that no more land can be made, so any opportunity to buy more sounds like a plus. If it can be made part of your current land that will increase the value of it, and I can't imagine that there isn't something that can be done with it unless its swamp (even then someone smarter then me could figure it out). 

I am sure you have thought of this, but possibly she's just not good at it? It could only be the training or the student. 

 Yep! This was my thought exactly. Most likely nothing would satisfy them unless you closed shop and if the local ordinances are behind me, they can complain all they want. 

I always try kindness and fixing any issues with any neighbors I or my tenants have had, but you've never experienced someone that can't be pleased or made happy just because they basically hate life? 

 I wanted my business degree (which I have a bachelors of business administration) years ago and don't really regret it, though I haven't really used it technically for anything I have done. Especially now between books, the internet and hands on experience, college of any kind is pretty useless, unless your desired career requires it to enter that field. 

As I state whenever I am answering this often asked question, Almost every major "rust belt" city has pockets of really good investing with high returns and places you should avoid. The key is having your core 4 that you trust to guide you on where and what to expect.