Investment property

Discussion in 'Holding Tank' started by Justin1982, Jan 10, 2020.

  1. Justin1982

    Justin1982 Member

    55
    Dec 27, 2019
    Shelby Township, MI
    1984 unknown and will update when I can confirm
    305 228
    Does anyone in here do any kind of investing in real estate? I'm speaking of long term or vacation rentals, flips, wholesale, is buying/selling slips a thing?

    I get the impression lots of people on here have quit good jobs or own their own business. I'd like to know if there is anyone who makes their primary income from the land side of things.
     
  2. Maggieiscrazy

    Maggieiscrazy Active Member

    394
    Oct 14, 2016
    Northern Wisconsin
    240 Sundancer
    5.0. Bravo III
    I have 3 vacation rentals in northern Wisconsin. I get $1600 a week each during summer months. A little less in the off season. I never planned on getting in the rental business it just happened. It’s a nice supplemental income.
     
  3. Justin1982

    Justin1982 Member

    55
    Dec 27, 2019
    Shelby Township, MI
    1984 unknown and will update when I can confirm
    305 228
    What areas?
    We've ran numbers on several vacation rentals, they always seem to have mediocre returns or negative. I mean it's great if you are ok with that.

    They are nice because you can use it when you want to get away.
     
  4. Jeremygavin

    Jeremygavin Well-Known Member GOLD Sponsor

    Mar 6, 2012
    Cape Cod, MA
    2011 520 Sedan Bridge
    2016 Sea Ray 19 SPX OB
    2019 Walker Bay Generation 340
    Cummins QSM11s
    Mercury 150 Fourstroke
    Honda 40hp
    I am a full time real estate investor. I have 23 rental properties and flip about 25 houses a year as well in the Boston area. I own a Homevestors franchise which is the “We Buy Ugly Houses” company. If you have questions let me know.
     
  5. Justin1982

    Justin1982 Member

    55
    Dec 27, 2019
    Shelby Township, MI
    1984 unknown and will update when I can confirm
    305 228
    I didn't realize there was a franchise for this type of stuff.
    Education aside, what else do they help with?
    I checked, someone else already has the territory I'm in. How do they divide up territories?
     
  6. Jeremygavin

    Jeremygavin Well-Known Member GOLD Sponsor

    Mar 6, 2012
    Cape Cod, MA
    2011 520 Sedan Bridge
    2016 Sea Ray 19 SPX OB
    2019 Walker Bay Generation 340
    Cummins QSM11s
    Mercury 150 Fourstroke
    Honda 40hp
    They help with financing of the properties if needed, business model, and the biggest service is the advertising to produce leads. We spend millions every month nation wide on advertising so we know how to generate the best leads with the most potential. . We have 22 franchisees in the Boston market I am in so having multiple franchisees in one market is no problem. I am a development agent for Homevestors (HVA) and if you have interest I can tell you more about the franchise system.
    PM me and I can send you my info.
     
  7. RBB

    RBB Well-Known Member

    589
    Dec 18, 2019
    Kentucky
    2004 390 MY
    2019 Sea Doo GTX 155
    2020 Walker Bay Venture 14
    Pelican Kayak
    8.1’s straight drive
    60 hp Honda
    We have a commercial property in WV.
    It’s a convenience store, built it approx
    20 yrs ago. Had a good job so it was just a investment. Good thing since we were not pros at running it.
    Leased it out 15-16 yrs ago On a triple net lease. Can’t believe what they pay for it. But it sure is great extra income
    In retirement.
     

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