Comments on: January Networth http://www.moneysmartsblog.com/january-networth/ Investing and Personal Finance Sat, 31 Jul 2010 15:45:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: telly http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2842 telly Thu, 10 Jan 2008 13:34:31 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2842 I like your thinking Cheap, and I think you would (do!) make a very good property owner / landlord. It can definitely be a lucrative investment if you do your homework (which it sounds like you do well). Admittedly, we didn't really do our homework with our RE investments but it worked out well sort of accidentally! I don't think the husband and I are interested in getting into any more RE investments (we haven't learned the hands off approach well enough yet! :( ) but if you plan to visit Windsor to scope out some places, we'd be happy to meet up with you to pick each other's brains over a beer. :) I like your thinking Cheap, and I think you would (do!) make a very good property owner / landlord. It can definitely be a lucrative investment if you do your homework (which it sounds like you do well).

Admittedly, we didn’t really do our homework with our RE investments but it worked out well sort of accidentally!

I don’t think the husband and I are interested in getting into any more RE investments (we haven’t learned the hands off approach well enough yet! :( ) but if you plan to visit Windsor to scope out some places, we’d be happy to meet up with you to pick each other’s brains over a beer. :)

]]> By: Nancy Zimmerman: a canadian money coach (not a financial planner! I do the day to day stuff) » Blog Archive » Freebie (or nearly) Wed: weigh loss contest, the connection to money and a wee bit of politics http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2831 Nancy Zimmerman: a canadian money coach (not a financial planner! I do the day to day stuff) » Blog Archive » Freebie (or nearly) Wed: weigh loss contest, the connection to money and a wee bit of politics Wed, 09 Jan 2008 21:51:26 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2831 [...] Cheap (and he IS, proudly!) over at FourPillars blogs mostly about money but with a dose of his weight goals thrown into the mix.  I’m not [...]

]]> By: Mr. Cheap http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2828 Mr. Cheap Wed, 09 Jan 2008 20:14:49 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2828 The 18% doesn't scare me. I totally agree with your view on it, but additionally, many landlords are loath to reduce their rent. People need to live somewhere, so I'd have no problem reducing my rent to whatever market rate was in order to get people in my building. Just because there's a vacancy rate of 18%, doesn't mean they need to be in your buildings. I realize that this would severely hurt cashflow, but not as much as having a bunch of unit sitting vacant. So when should I come down to Windsor and we can buy some property together? ;-) The 18% doesn’t scare me. I totally agree with your view on it, but additionally, many landlords are loath to reduce their rent. People need to live somewhere, so I’d have no problem reducing my rent to whatever market rate was in order to get people in my building.

Just because there’s a vacancy rate of 18%, doesn’t mean they need to be in your buildings.

I realize that this would severely hurt cashflow, but not as much as having a bunch of unit sitting vacant.

So when should I come down to Windsor and we can buy some property together? ;-)

]]> By: telly http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2825 telly Wed, 09 Jan 2008 16:18:57 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2825 Though I agree that there are good deals to be had in Windsor, I wonder, does the 18% vacancy rate scare you at all? There's a phenomena (ok, maybe you can't really call it that ;)) that exists in rental real estate: either your expectations for profit are of the capital appreciation kind or cash flow. It's not much different from the idea of investing for growth vs investing for dividends in stocks. Right now, RE in Windsor is depressed. People aren't investing for growth, but rather for cash flow (which imo, is the safer bet) but oddly, people are investing for growth in RE markets that have already seen double digit gains over the past few years. To me, it's similar to tech stocks in 2000. If you invest for cash flow (dividends) and see some gains (which are more likely if you're buying low) then it's win-win. DD is a little tougher with RE imo but if you can be sure that the cash flow is there, a buy and hold strategy can become more lucrative someday. Though I agree that there are good deals to be had in Windsor, I wonder, does the 18% vacancy rate scare you at all?

There’s a phenomena (ok, maybe you can’t really call it that ;) ) that exists in rental real estate: either your expectations for profit are of the capital appreciation kind or cash flow. It’s not much different from the idea of investing for growth vs investing for dividends in stocks.

Right now, RE in Windsor is depressed. People aren’t investing for growth, but rather for cash flow (which imo, is the safer bet) but oddly, people are investing for growth in RE markets that have already seen double digit gains over the past few years. To me, it’s similar to tech stocks in 2000.

If you invest for cash flow (dividends) and see some gains (which are more likely if you’re buying low) then it’s win-win. DD is a little tougher with RE imo but if you can be sure that the cash flow is there, a buy and hold strategy can become more lucrative someday.

]]> By: FourPillars http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2807 FourPillars Tue, 08 Jan 2008 20:16:02 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2807 Congrats on getting the aps done. It's tough to diet when you are travelling. Mike Congrats on getting the aps done.

It’s tough to diet when you are travelling.

Mike

]]> By: Mr. Cheap http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2806 Mr. Cheap Tue, 08 Jan 2008 18:39:14 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2806 SD: Its from my condo (which I rent out) and my dividend stocks. Condo: $269.52 / month Canadian Dividends: $45.35 / month US Dividends: $5.09 / month (all net) They tend to go up each month as I pay off the debt I used to purchase them (the mortgage in the case of the condo, the margin loan in the case of the stocks) SD: Its from my condo (which I rent out) and my dividend stocks.

Condo: $269.52 / month
Canadian Dividends: $45.35 / month
US Dividends: $5.09 / month
(all net)

They tend to go up each month as I pay off the debt I used to purchase them (the mortgage in the case of the condo, the margin loan in the case of the stocks)

]]> By: SavingDiva http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2804 SavingDiva Tue, 08 Jan 2008 15:16:23 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2804 Good luck with your grad school admission! Where do you earn the passive income from? Good luck with your grad school admission!

Where do you earn the passive income from?

]]> By: moneygardener http://www.moneysmartsblog.com/january-networth/comment-page-1/#comment-2803 moneygardener Tue, 08 Jan 2008 13:45:56 +0000 http://www.moneysmartsblog.com/january-networth/#comment-2803 Don't sweat it Cheap....good luck with your PhD! Don’t sweat it Cheap….good luck with your PhD!

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