Lets see what we have here....
Quoted from Whysnow:
I currently own 4 (soon to be 5) SFH in my actual neighborhood.
All properties must be at least $300 cash positive per month for them to be of interest for me. Once I have 10 homes paid off then I will likely quit my day job and leverage those to buy more to grow the snowball.
Main things are 3x rent as total income, all persons must be listed on lease (no, cousins that showed up or extra dogs), no smokers period!, set clear expectations and verify by checking in.
Quoted from Whysnow:
My main desire is to earn money 3 ways.
But most importantly I have no idea where I could do better with my money.
20k down plus 20k in fix up gets me a 120k house that is worth 200k when I have fixed it up. So 40k plus sweat equity already more than doubles my money.
I am cash positive a minimum of $3600 on the year so that is a 9% gain on my 40k real money investment. Most years that beats the stock market.
Lastly, I take the write offs on taxes.
Best part for me is once a house is completely paid off then it is promised income for the rest of my life with relatively no risk.
(note: I have bought smart in a good city that did not even feel the blip on the radar the last housing downturn and in fact, rents went up even more then. Madison is under 2% vacancy and much of that is due to college kid turn over season which I am not subject to).
In short, other investments will have bad years, but my property should be very stable and in the long term (once paid off) it will make me big money.
An angry college town landlord that refuses section 8 payment and requires 60k+ yearly income for a $1200 home is angry at someone they dont know in a situation in which they have no information.
Ill buy the paragon playfield Im sure you have. Unless you think holding onto it in order to wait for the CPR version to come out (thus undercutting your value by a cool ~20%) makes more sense. BTW, you didnt seem to scoff at the idea of paying or selling games for significantly more than what was paid for them in other posts.
Quoted from DK:
(In Gomez Addams’ voice) There, see what’s greed will get you?!?
Oooo look! The very rare upset pinball tech who charges 90$ for diagnosis and 75 bucks an hour for work who also leases and sells games. Im sure he's never made a whole 1000$ on pinball in his life!
Beautiful shooter lane on the 6900 tron pro someone sold a couple months back apparently. No problem with Tron being worth much more than what it was sold for, eh? Imagine posting "I hate you" because of a classifieds listing
DO ya reckon tales from the crypt was worth 6k+ in 1993? Because thats what you just sold one for in real 1993 adjusted dollars. I wonder if you made even a penny more than what you paid for the 29 items you've listed here. Edit: this is me being wrong. Excuse me.
Friends: I have a spot I no longer need as my circumstances changed. I'm sorry if this is upsetting to you. Please save the "righteous" indignation for someone else.
