All Forum Posts by: Rich Schroeder

It is also ridiculous how much rhetoric there is out there about a pending economic collapse. What basis do people have for this prediction?

All I was suggesting is that people calm down and consider how good they have it. Yeah...high taxes and stupid gov-mint policy piss me off too. I, however, don't run around saying that we are headed for a collapse all of the time. There are far too many that do this on BP and it is ridiculous. It taints the site experience for those that would like to engage in rational debate.

High taxes suck enough. High taxes and having to listen to people whining about our sorry state of affairs and how bad we have it is much worse. Get real...we are still more fortunate than other countries by several orders of magnitude. You lose credibility with most when you play the "sky is falling" card all of the time. It ain't dat bad!

Hi Bryan,

Can you please provide your predictions and what those are based on? I certainly would like to get other opinions about our economic future (not the current status).

Thanks,
Rich

1 Vote

Originally posted by Vikram C.:

I did not suggest that investors should stay out of the Mid-West. My point is that the higher cash flows in the Mid-West is not "free" extra money. It comes at a fairly significant long-term cost. After considering those costs, if the investment makes sense, by all means one should do it.

In a way, the Mid-West is America's Japan. In the same way that the stagnant Japanese economy will continue to provide opportunities for investors, so will the Mid-West. And in the same way that China and India will provide many more opportunities for investors than Japan, so will the Sun-Belt and Pacific states.

I know you weren't implying that investors stay away from the Midwest. It was my unsuccessful attempt at being funny. I see what you're saying and agree. I would like less investors our here, as the less competition I have, the better :D

1 Vote

I, too, would recommend that all investors stay out of the Midwest. Leave that up to me, I will take on for the team and will continue to accumulate huge cash flow in areas doomed to bleed residents. No need for me to worry about appreciation. I'll just stick to the monthly income.

-Rich

1 Vote

Originally posted by Tom Cullen:

???

Tom, the apprpriate response would be something like...

I may be not married to someone not necessarily married to me (if I am not or maybe married to said possibly married person), however I am not necessarily married to someone whom is claiming to be not necessarily married to me (maybe). I'm not saying I am right or wrong, but I'm either married or not married. Either way, I think I'm smarter than everyone else (which is a half truth).

let me know if you need more help in the future.

1 Vote

Now only imagine if you were buying using a 3% rule, which is what I am doing now. How much more cash flow would you have every month?

1 Vote

Originally posted by Bill Patterson:

MikeOH is just in a different market than I am used to. I have poked fun at him before on painted floors! No big deal!

I still believe (even with student rentals) that if you provide a quality product and expect the tenants to respect and care for their apartment, most will do so. When leasing season comes around, our leasing agents inform the prospective tenants what we expect and we have a reputation for that. It attracts a better tenant and the out of control, spoiled kid can rent down the street and my tenants can go to his house and watch him puke on his carpet when they want to party!
Bill

Bill, you seem to have the student rental market down pretty well. I've never done that. My target renters are middle aged families with kids. I should send you some pictures of my floors (inspired by MikeOH), you might actually be surprised!

0 Votes

Well, I have to admit....this is a first. The OP asks a question, several people give their feedback, and a small group actually makes fun of the responses. Oh well. Wonder if comparing cash flow would make a difference.

I would never fix my rentals the same as my own house because I would go out of business.

Good luck.
-Rich

4 Votes

Originally posted by Michael S.:

Originally posted by rich23s:

painted hardwood floors are the best for low to middle income areas. Costs me $0.06/sq foot in between renters.

the problem with paint i heard(because i would never do it) is that it starts to chip and the friction from the wood moving causes the paint to dust, and i don't want to imagine kids or babies crawling on paint dust. i've always rented a sander from home depot, and a can of polyurethane and it looks great after a couple of coats.

why wouldn't you ever do it? You don't like making money? :lol:

have you ever scratched poly? That makes dust too. I'm just saying that the renters like painted floors and I like my low maintenance/ 6 cents per square foot flooring. My houses rent from $750-$950/month.

0 Votes

painted hardwood floors are the best for low to middle income areas. Costs me $0.06/sq foot in between renters.

4 Votes

Originally posted by Elisha Lowe:

Originally posted by rich23s:

based on your response, it appears that you support the government's original intent.

In a completely unrelated topic, I'm wondering if you agree with Mao's and Hitler's policies? Just curious. Perhaps they are just misunderstood?

'

Yes, yes I do, Now do you feel better? I want to do bad bad things to you. I am the Boogeyman....Mwahaha Mwahahaha

that's ok Elisha, at least you came out and admitted it. As discussed above, true feelings eventually come out. Even on these forums.

0 Votes

All Forum Posts by: Rich Schroeder

Rich Schroeder has started 50 posts and replied 424 times.

Post: Taxes, Taxes, taxes!!!!!

Post: The Midwest Rust Belt

Post: The Midwest Rust Belt

Post: Deflation to Hyperinflation?

Post: The 2% Rule doesn't work 50% of the time

Post: What is the most tenant friendly flooring?

Post: What is the most tenant friendly flooring?

Post: What is the most tenant friendly flooring?

Post: What is the most tenant friendly flooring?

Post: obama says we're doing great! Why don't I feel all warm and fuzzy then?