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Thread: You win ONE MILLION dollars, but you have to spend it in 1 day.

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  1. 03-11-2013, 03:27 PM #1
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    Wow. No investors?? How about buying several homes for lease! income baby!
    ~ PLEASE DO NOT ASK FOR SOURCE CHECKS ~

    "It's human nature in a 'more is better' society full of a younger generation that expects instant gratification, then complain when they don't get it. The problem will get far worse before it gets better". ~ kelkel
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  2. 03-11-2013, 03:31 PM #2
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    Quote Originally Posted by austinite
    Wow. No investors?? How about buying several homes for lease! income baby!
    Early retirement baby!
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  3. 03-11-2013, 03:35 PM #3
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    Quote Originally Posted by austinite
    Wow. No investors?? How about buying several homes for lease! income baby!
    I wish to withdraw my initial response. Allowed???
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  4. 03-11-2013, 03:37 PM #4
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    Quote Originally Posted by GirlyGymRat View Post
    I wish to withdraw my initial response. Allowed???
    Granted. Days not over yet
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  5. 03-11-2013, 03:45 PM #5
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    Quote Originally Posted by austinite View Post
    Wow. No investors?? How about buying several homes for lease! income baby!
    The acreage IS an investment
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  6. 03-11-2013, 03:46 PM #6
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    Quote Originally Posted by kitstreasure View Post
    The acreage IS an investment
    lol, you plan on leasing it? I was thinking more in the lines of a steady income.
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  7. 03-11-2013, 03:51 PM #7
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    Quote Originally Posted by austinite View Post
    lol, you plan on leasing it? I was thinking more in the lines of a steady income.
    No, I don't plan on leasing it. I plan on hiring migrant farmers to work it . And putting a hunting reserve on it. Corporate hunts can bring in as much as 70k for a 1 week hunt for <10 execs.
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  8. 03-11-2013, 04:15 PM #8
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    Quote Originally Posted by austinite View Post
    Wow. No investors?? How about buying several homes for lease! income baby!
    Take it from someone who has rental property. I'd rather give the money away than deal with more of this horse shit.
    Property tax has to be paid if the tenant doesn't. Repairs maintaince. Blah blah
    Last edited by Capebuffalo; 03-11-2013 at 04:28 PM.
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  9. 03-11-2013, 04:17 PM #9
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    Quote Originally Posted by Capebuffalo View Post
    Take it from someone who has rental property. I'd rather give the money away than deal with more of this horse shit.
    Really? I pay $100 a month for a management company. Never have to even see the tenants. management company sends me my check, whether the tenant pays or not.
    ~ PLEASE DO NOT ASK FOR SOURCE CHECKS ~

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  10. 03-11-2013, 05:02 PM #10
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    Quote Originally Posted by austinite View Post
    Really? I pay $100 a month for a management company. Never have to even see the tenants. management company sends me my check, whether the tenant pays or not.
    They pay wether tenant does or not? Pm me their #. Really? I've got a got $8900 in arrears Others are good but this guy.
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  11. 03-11-2013, 05:13 PM #11
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    Quote Originally Posted by Capebuffalo View Post
    They pay wether tenant does or not? Pm me their #. Really? I've got a got $8900 in arrears Others are good but this guy.
    http://www.goodwintx.com/ but they're Austin based only.
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  12. 03-11-2013, 07:03 PM #12
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    Quote Originally Posted by austinite View Post
    http://www.goodwintx.com/ but they're Austin based only.
    how about REITs? no headaches too.
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  13. 03-11-2013, 07:34 PM #13
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    Quote Originally Posted by austinite View Post
    Really? I pay $100 a month for a management company. Never have to even see the tenants. management company sends me my check, whether the tenant pays or not.
    Are you sure the pay wether the tennant does or not??? I have not heard of this. I pay 10% to the agency and they handle everything like finding tennant or evicting them through court if they dont pay but I dont get a guarentee on my monthly pmt.
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  14. 03-12-2013, 01:59 AM #14
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    Quote Originally Posted by austinite View Post
    Really? I pay $100 a month for a management company. Never have to even see the tenants. management company sends me my check, whether the tenant pays or not.
    Do you mind sharing who the management company is? That's not a bad price.

    BTW did I hear/read somewhere it was your birthday? if so, Happy birthday.
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  15. 03-12-2013, 06:10 AM #15
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    Quote Originally Posted by lovbyts View Post
    Do you mind sharing who the management company is? That's not a bad price.

    BTW did I hear/read somewhere it was your birthday? if so, Happy birthday.
    poted above. Its Austin based, goodwintx.com, They charge 10% of the rent. This is an old duplex I have in a weak neighborhood.
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  16. 03-11-2013, 07:29 PM #16
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    Quote Originally Posted by Capebuffalo View Post
    Take it from someone who has rental property. I'd rather give the money away than deal with more of this horse shit.
    Property tax has to be paid if the tenant doesn't. Repairs maintaince. Blah blah
    Do you have a agency handle your renters or you collect yourself?
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