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Just remember to have a strictly business relationship with your tennant. They are like pet wolves, in that just as a wolf will they will occasionally test your dominance over them. I've had some good luck with mine, but I am sort of ambivalent about this one I have now. She's had a habit of being late on her rent,and I've worked with her, but it gets old. I just finished a new lease agreement which includes a late fee,if she doesn't pay on time. I also will begin to deliver a pay or quit noice the day after it's late.dpasquarelli wrote:Benzocaine,
What you are doing is exactly what my wife and I are hoping to do some time in the next 8 months. The market is slowing down here so we are hoping for a good buy. I am a contractor so I can do much of the fixer upper type work myself when needed and hope to raise value via sweat equity that way.
I know a few very wealthy people and some sorta well-off people and they have all done it with real estate, especially near any type of coastline.
I should have picked some up. Yesterday the stock rose $1.45 to $32.03, almost 5%, after strong analysyts's recommendations. The outlook for the industry is very good.Alcoa is a commodity producer - aluminum - but does not fall under the same metals category as US Steel. Alcoa adds value to its product by producing popular and somewhat recession resistant products such as food wraps (Reynolds Wrap). A pound of value added aluminum sells for roughly twice the price as the raw material. Hence, an old smoke stack company has transformed itself into a consumer products company and has a reasonable P/E ratio of 21. That puts them in the same class as consumer giant P&G! And both pay a dividend.
