Cash Out or keep renting
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Cash Out or keep renting (by Scott [NC]) May 2, 2021 2:04 AM
       Cash Out or keep renting (by Robert J [CA]) May 2, 2021 2:13 AM
       Cash Out or keep renting (by W [CA]) May 2, 2021 2:52 AM
       Cash Out or keep renting (by Robert,OntarioCanada [ON]) May 2, 2021 2:58 AM
       Cash Out or keep renting (by WMH [NC]) May 2, 2021 8:09 AM
       Cash Out or keep renting (by razorback_tim [AR]) May 2, 2021 8:36 AM
       Cash Out or keep renting (by Oregon Woodsmoke [ID]) May 2, 2021 9:15 AM
       Cash Out or keep renting (by razorback_tim [AR]) May 2, 2021 9:36 AM
       Cash Out or keep renting (by Allym [NJ]) May 2, 2021 10:01 AM
       Cash Out or keep renting (by LisaFL [FL]) May 2, 2021 10:16 AM
       Cash Out or keep renting (by Richard [MI]) May 2, 2021 10:22 AM
       Cash Out or keep renting (by Jim in O C [CA]) May 2, 2021 11:30 AM
       Cash Out or keep renting (by Scott [SC]) May 2, 2021 12:33 PM
       Cash Out or keep renting (by Nicole [PA]) May 2, 2021 1:06 PM
       Cash Out or keep renting (by WMH [NC]) May 2, 2021 1:25 PM
       Cash Out or keep renting (by Amy [FL]) May 2, 2021 6:38 PM
       Cash Out or keep renting (by Allym [NJ]) May 2, 2021 7:03 PM
       Cash Out or keep renting (by LisaFL [FL]) May 2, 2021 7:41 PM
       Cash Out or keep renting (by MC [PA]) May 2, 2021 7:47 PM
       Cash Out or keep renting (by Dan [NY]) May 2, 2021 9:29 PM
       Cash Out or keep renting (by Txlord [TX]) May 2, 2021 11:32 PM
       Cash Out or keep renting (by LisaFL [FL]) May 3, 2021 6:37 AM
       Cash Out or keep renting (by GKARL [PA]) May 3, 2021 9:03 AM
       Cash Out or keep renting (by JB [OH]) May 3, 2021 3:12 PM
       Cash Out or keep renting (by GKARL [PA]) May 3, 2021 3:30 PM
       Cash Out or keep renting (by MC [PA]) May 5, 2021 8:14 AM

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Cash Out or keep renting (by Scott [NC]) Posted on: May 2, 2021 2:04 AM
Message:

How many of you are keeping your rentals that are in good, nice, low crime areas? And how many of you are selling or doing a cash out refinance and still renting them?

Also, has anyone tried landlord insurance? --70.104.xxx.xx




Cash Out or keep renting (by Robert J [CA]) Posted on: May 2, 2021 2:13 AM
Message:

43 years in the rental business and lived through three complete up/down cycles. So long as I have enough equity in a property so I can adjust my Rents to meet with the demand, I never have had too many tenant issues/problems.

But in 2005 the writing was on the walls. Too many liar loans, pay as you go loans, zero down payments, etc. The experts warned, "sell you worst properties". And I did so back in 2005, 2006 and 2007. The tax laws were easier on Long Term Capital Gains Income -- no so any more.

Kissing 40% of your profits in taxes will easily make a investor shed a few tears. --47.155.xx.xxx




Cash Out or keep renting (by W [CA]) Posted on: May 2, 2021 2:52 AM
Message:

The problem is "40% of your profits" is actually inflation - the government is taxing you on the loss of the value of the dollar. Your apartments aren't getting more valuable - it is just that the dollar is losing value. 1031 exchanges help avoid being taxed on phantom gains, but I read Biden is planning to limit 1031s and increase capital gains taxes. --91.196.xxx.xx




Cash Out or keep renting (by Robert,OntarioCanada [ON]) Posted on: May 2, 2021 2:58 AM
Message:

Once this free for all is cleared up where non payment of rent can be enforced so owning rental units is sustainable. If have a lot of equity then can sustain difficult times. What is happening here is vacancy rates are non existent or one per cent at the best of times. In some major urban areas where houses are well over million not many are moving out into houses. With low vacancy rates or no vacancy rate are able to screen out tenants with credit scores below the seven hundreds. The increase in the cost of building materials is going to passed on in the cost of building new rental buildings or houses which means if things get worse the value of house or building will drop dramatically. Another factor is age and health where owning rentals is not as easy as some say. Once you are able to receive a pension then will look at things differently. If there are not too many stupid people who do not want to get vaccinated then the pandemic will drag on. I can not believe that people value social media more then what the doctors know. After having many discussions with a few different medical doctors the complications are easy treatable in a hospital in a few hours where getting Covid 19 can effect you for entire life or even worse. Now that the supply of vaccines is available already took first dose of Astra Zeneca where after 30 days is 70 per cent then after the second dose it is a lot higher. Would have preferred Phizer where would have to wait where decided to get vaccinated ASAP. --99.236.xxx.xxx




Cash Out or keep renting (by WMH [NC]) Posted on: May 2, 2021 8:09 AM
Message:

It's all local. NC has been evicting people for months now, and not just for reasons other than non-payment. Our rental housing stock has dropped to zero. People are losing their homes right and left as owners sell out of the rental market and private owners take over.

So us? We are buying more. --50.82.xxx.xxx




Cash Out or keep renting (by razorback_tim [AR]) Posted on: May 2, 2021 8:36 AM
Message:

I'm keeping mine for now. --70.178.x.xx




Cash Out or keep renting (by Oregon Woodsmoke [ID]) Posted on: May 2, 2021 9:15 AM
Message:

I already sold, and my family sold, everything in Oregon, anticipating worsening hostility towards landlords. I've moved to a safer state and moved out of working class housing and into a higher level of tenants.

The economy and price cycles don't scare me. I can ride those out. It is the new mood of the country that causes me worry. I suspect that politically, things are going to get a lot rougher for housing providers.

But, for the moment, I'm sitting tight. --76.178.xxx.xxx




Cash Out or keep renting (by razorback_tim [AR]) Posted on: May 2, 2021 9:36 AM
Message:

"It is the new mood of the country that causes me worry. I suspect that politically, things are going to get a lot rougher for housing providers."

That's exactly why I have my "for now" qualifier. --70.178.x.xx




Cash Out or keep renting (by Allym [NJ]) Posted on: May 2, 2021 10:01 AM
Message:

Hundreds of modern, great looking apartment buildings were built here over the last 10 years. People must like living in ant hills with cars all over the place. Now I am mostly getting applicants that would be better off budgetwise in B and C areas but they are applying for my empty unit and offering me 250 dollars less than asking price. Oh and they have a 30 pound rescue dog. Um, no sorry, can't do that. --108.24.xx.xx




Cash Out or keep renting (by LisaFL [FL]) Posted on: May 2, 2021 10:16 AM
Message:

I am selling as homes become vacant.

I have all good houses and tenants but donít want to deal with any new unknown ones.

Unfortunately they arenít becoming vacant often enough so I may look to do some non-renews so I can sell. These prices are too high not to take advantage of.

I listed one this Friday for 298K. First offer was also Friday for 312K. I expect a few more offers and will decide on Monday which to take.

I paid 87K for the house in 2012. So Iím happy selling for 312K. --75.89.xxx.xxx




Cash Out or keep renting (by Richard [MI]) Posted on: May 2, 2021 10:22 AM
Message:

I don't see any relenting by the govt. What's been done in the last year re not being allowed to collect rent, etc and also the upcoming stuff I see looks terrible.

It's like some of those disaster movies where the people are watching a giant wave about to wash them away.

I'm reminded of the time in the 1930's in Germany and Europe during the rise of the Nazi's. If you do any research you'll see that those who saw it coming got out. They left and went to Israel, to America and elsewhere.

I see the same thing happening here. The question I asked is "Why did the people there not rise up and stop the madness?". I think that there, much like here now, the govt was involved in so many areas that where ever the people may have turned, the govt was there to stop them. Do we not have the same thing happening here?

You ask, what are we planning to do?

I am selling out. Good and bad and in between. I'm not buying more until/unless this madness ends, if it ever does. There are other places and other things in which to invest.

At one time, I had the idea/plan to build a rental/housing business to leave to my heirs that might help them for a long time. The current govt has destroyed that idea. The many regulations, and edicts they have passed and are passing are a direct assault on the business and they own the judges and law enforcement to force compliance.

I refuse to be forced.

I'm not waiting until they show up at my door to take what I worked all my life to acquire. --24.180.xx.xx




Cash Out or keep renting (by Jim in O C [CA]) Posted on: May 2, 2021 11:30 AM
Message:

Keep renting. I have 100% paying tenants. They are all essential and responsible tenants. --99.23.xxx.x




Cash Out or keep renting (by Scott [SC]) Posted on: May 2, 2021 12:33 PM
Message:

So no one is doing a cash out refinance and keep renting their properties out? --70.104.xxx.xx




Cash Out or keep renting (by Nicole [PA]) Posted on: May 2, 2021 1:06 PM
Message:

I sold several this past year. I am now waiting to buy when prices to drop or really good deals to fall in my lap (chance of that of course is slim). --72.70.xxx.xx




Cash Out or keep renting (by WMH [NC]) Posted on: May 2, 2021 1:25 PM
Message:

Scott, "Cash Out Refinancing" means taking on debt that we currently don't have, which will allow us to survive a downturn in rents if it happens.

Nicole, a really good deal fell in our lap yesterday, but for flipping not renting. --50.82.xxx.xxx




Cash Out or keep renting (by Amy [FL]) Posted on: May 2, 2021 6:38 PM
Message:

I will never sell my homes. Florida has tuned into a gold mine. Don't even try to come here cause nothing is for sell. Plus we don't care how you do it. --99.174.xxx.xxx




Cash Out or keep renting (by Allym [NJ]) Posted on: May 2, 2021 7:03 PM
Message:

So I am renting on. I think this will be over soon. Ten Generals just signed a demand for the FBI and other agencies to share what they have on Russia and China. This same thing happened in Burma also in the fall. Military took over, put the pretender in jail as well as anyone who protested. Our military is sworn to protect the Constitution. --108.24.xx.xx




Cash Out or keep renting (by LisaFL [FL]) Posted on: May 2, 2021 7:41 PM
Message:

Well my Florida house I listed Friday for 298K has gotten 10 good offers so far, the highest one being for 335K. Iím selling while the selling is good. --75.89.xxx.xxx




Cash Out or keep renting (by MC [PA]) Posted on: May 2, 2021 7:47 PM
Message:

Selling. Too much government interference. Clearly no one in the government has rentals or they would not let this happen. --73.230.xxx.xx




Cash Out or keep renting (by Dan [NY]) Posted on: May 2, 2021 9:29 PM
Message:

So I just did a couple of cash out. Received lower rates on investment and personal. Hoping the market does allow for buying again. Would like to buy something I could rent and also use like an AIRBNB. When the government stops manipulating the market prices may adjust. Buying is currently on hold as Long Island is not possible to buy and rent currently. --68.192.xxx.x




Cash Out or keep renting (by Txlord [TX]) Posted on: May 2, 2021 11:32 PM
Message:

Sold 50% of my properties --72.180.xxx.xxx




Cash Out or keep renting (by LisaFL [FL]) Posted on: May 3, 2021 6:37 AM
Message:

MC I could not agree more.

The affects of government interference and overreach will have long term consequences on the rental market. Itís how they work. They create problems to give them more problems to solve which create more problems. They are the proverbial self-licking ice cream cone. And always end up hurting those they claim to be helping the most.

What I donít get is how blind so many people are to this. --75.89.xxx.xxx




Cash Out or keep renting (by GKARL [PA]) Posted on: May 3, 2021 9:03 AM
Message:

I'm not planning on selling in the near term. My plan has been to sell about 7 years out. LL/Tenant laws in PA are still reasonable and I've avoided issues with non payers. I do think changes may be coming though as there are a lot of people who are hard pressed to find housing, often because of their raggedy lifestyles. If I were in NY, WA or OR, I'd be selling. --209.122.xx.xxx




Cash Out or keep renting (by JB [OH]) Posted on: May 3, 2021 3:12 PM
Message:

The smart people in Germany moved their money into hard assets like real estate in the 20-30's and did very well. Those that cashed out and stayed with the local currency suffered. It's the dollar that is taking a beating now. The treasury sales last week had few foreign buyers which is going to be a huge problem for the dollar. With not enough buyers on our treasury's, Katie bar the door. --24.123.x.xxx




Cash Out or keep renting (by GKARL [PA]) Posted on: May 3, 2021 3:30 PM
Message:

The FED will be the buyer of last resort for treasuries, but I agree, this isn't good for the dollar. As I understand it, there are a number of nations decoupling from the dollar. --172.58.xxx.xx




Cash Out or keep renting (by MC [PA]) Posted on: May 5, 2021 8:14 AM
Message:

Dan-just supposedly sold a place on the Island. What a Cluster that is with all the lawyers involved. Maybe if I had waited, I could have gotten more but this has been "sold" for a few months now. I wouldn't want to start over again and have it go on for a few more months. I have never seen anything like it drag on and on. My understanding is that all that paperwork form every one is in-just waiting on the title company, mortgage company... --204.14.xx.xxx



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