John Reed
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John Reed (by Ned [AL]) Sep 22, 2021 10:36 PM
       John Reed (by Ed [CA]) Sep 22, 2021 10:38 PM
       John Reed (by W [CA]) Sep 23, 2021 12:49 AM
       John Reed (by WMH [NC]) Sep 23, 2021 9:06 AM
       John Reed (by 6x6 [TN]) Sep 23, 2021 2:35 PM
       John Reed (by wMH [NC]) Sep 23, 2021 3:46 PM
       John Reed (by Pmh [TX]) Sep 23, 2021 5:01 PM
       John Reed (by Pmh [TX]) Sep 23, 2021 5:05 PM
       John Reed (by Roy [AL]) Sep 23, 2021 5:16 PM
       John Reed (by GKARL [PA]) Sep 23, 2021 11:15 PM
       John Reed (by Oregon Woodsmoke [ID]) Sep 24, 2021 10:21 AM
       John Reed (by WMH [NC]) Sep 24, 2021 1:01 PM
       John Reed (by Ray-N-Pa [PA]) Sep 26, 2021 6:15 PM

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John Reed (by Ned [AL]) Posted on: Sep 22, 2021 10:36 PM
Message:

Curious if any of ya'll have read much of John Reed's material. Seems like he used to be bullish on landlording...but not so much anymore.

--70.92.xx.xx




John Reed (by Ed [CA]) Posted on: Sep 22, 2021 10:38 PM
Message:

Haven't read anything from him. What changed his mind???? --108.201.xx.xx




John Reed (by W [CA]) Posted on: Sep 23, 2021 12:49 AM
Message:

Read over his latest blog post and he seemed to be concerned about litigation against LLs. In CA, that could be a concern. --201.140.xxx.xx




John Reed (by WMH [NC]) Posted on: Sep 23, 2021 9:06 AM
Message:

His idea seems to be that NET WORTH is more important than INCOME. That you should be striving for a higher income at your W-2 job and saving for downpayments for more and more expensive personal homes - thereby increasing your net worth as your home is worth more.

To me that is crazy talk. Who cares how much my home is worth? Especially if it always has a mortgage on it.

And his comment that people "claim" to cash flow in Rental Properties while really not - is crazy talk. Of course people can cash flow, and do quite well, with rental properties!

Here's the link:

//johntreed.com/blogs/john-t-reed-s-news-blog/tenants-make-it-harder-for-you-to-get-rich --50.82.xxx.xxx




John Reed (by 6x6 [TN]) Posted on: Sep 23, 2021 2:35 PM
Message:

Following --73.120.xx.xxx




John Reed (by wMH [NC]) Posted on: Sep 23, 2021 3:46 PM
Message:

I'll agree with him on this: 45% is a good average number between income and expenses over the long haul. Not every year, not every house, but overall, a good number to use. So you need to do your homework and not buy homes that are too expensive to be rentals.

And you need to decide how much money is worth your time.

I've seen folks who were cash-flowing $100 a month. Not worth our time.

$500-$600-$700 a month? Worth our time. --50.82.xxx.xxx




John Reed (by Pmh [TX]) Posted on: Sep 23, 2021 5:01 PM
Message:

has been a few years but his reviews of all the r.e. gurus et al is entertaining reading. my (net) rental incomes add to my net worth. appreciation is not captured until a unit is sold so irrelevant to me & not part of my net worth calculation beyond what I bought for & what I owe. my wife gets my w2 income & gives me an allowance each week. so am land rich but cash poor...... --72.176.xxx.xxx




John Reed (by Pmh [TX]) Posted on: Sep 23, 2021 5:05 PM
Message:

as WMH said, but to add: I also run cash on cash returns and nothing less than 30% will pass muster. --72.176.xxx.xxx




John Reed (by Roy [AL]) Posted on: Sep 23, 2021 5:16 PM
Message:

I don't mind being someone else's landlord but I will not do it for 'chump change' which is anything less than a 20% cash on cash return. --68.63.xxx.xxx




John Reed (by GKARL [PA]) Posted on: Sep 23, 2021 11:15 PM
Message:

I thought what he wrote was a bunch of nonsense. I agree with others who say it's cash flow that matters. That's one of the reasons I'm not a buyer unless the cash flow is there. I see a lot of folks on other sites talking about $200/month/unit and banking on appreciation. That's a non starter for me.

--209.122.xx.xxx




John Reed (by Oregon Woodsmoke [ID]) Posted on: Sep 24, 2021 10:21 AM
Message:

I'm not familiar with his material but I am recommending that people find somewhere else to invest and stay out of landlording right at the moment, up to the point where this Socialist fever ends.

Rental properties are no longer a safe investment. Especially not a safe investment for beginners. --76.178.xxx.xxx




John Reed (by WMH [NC]) Posted on: Sep 24, 2021 1:01 PM
Message:

New bill: government ability to halt evictions for ANY public health hazard.

//reason.com/2021/09/23/progressive-democrats-propose-eviction-moratorium-far-more-sweeping-than-the-one-the-supreme-court-struck-down/?fbclid=IwAR0AiDrfzgBu8VwI989b4zmNlDzWioGyoWiX3O_sISivLaXr24JnrFN7w6k --50.82.xxx.xxx




John Reed (by Ray-N-Pa [PA]) Posted on: Sep 26, 2021 6:15 PM
Message:

If you are investing in an area that appreciates greatly, your aim is going to be a great deal differently than a place like the midwest where cash flow is king.

My take ? The SBA reports lack of cash flow management as the number one reason why businesses fail. --24.101.xxx.xxx



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