Does anyone understand this Tesla stock roller-coaster?
Probably only take ten years.
When you do the ROI, the bigger loan you get, the better the ROI. More money to buy another unit. The renters pay the Taxes, Principal, Interest, management, ect.
I 'own' 1 bedroom here and many bedrooms out of state. Similar situation.
The book "Rich Dad, Poor Dad" is how I started. Its more business philosophy than nuts and bolts, but its a easy read.
Its easier than buying a home here. I am on my 4th property managers. I bought my first out of state property ~2006. You can fly out there. Its a tax deductible work trip. Lots of tax benefits.
The more properties you have the Property management give you a volume discount - say down in the 6% range.
My mom is a real estate agent and always wanted me to buy a large place around here. I ran the numbers of buy here vs income properties out of state and rent here. The numbers are much better with income properties out of state.
Which states or regions in states (other than CA) are good places to buy a rental income property with least overhead ?
Was thinking this morning about buying into a consumer discretionary index fund but tesla is listed in the top 5
I don't think there is anything wrong with trying to pick winners with a small portion (10-15%) of one's portfolio, but the simple fact is that it is a speculative game at best, and gambling as done by most.
The majority of professional fund managers can't beat the S&P 500. Don't kid yourself that you're smarter or have access to better information than they do.
https://www.businessinsider.com/personal-finance/investment-pros-cant-beat-the-stock-market-2020-7
Might as well just post a list of the top 10 index funds and lock the thread![]()