Subj : Re: 3.5 weeks to being la
To   : boraxman
From : Arelor
Date : Thu Jul 21 2022 07:18:20

  Re: Re: 3.5 weeks to being la
  By: boraxman to Spectre on Wed Jul 20 2022 12:11 am

 > Buying property to become a landlord is an investment.  You are differing between s
 >  buy existing stock to tear down and build townhouses, that is primarily profiteeri

I have yet to see a used property for sale that didn't need repairs and rehabilitation
to a degree. If it was suitable for renting right away the seller would have been
renting the property more often than not.

Last properties I have bought or seen bought required more money in repairs and
conditioning than they costed. I am not buying the argument that professional
landlords do nothing but sitting on their lazy asses all day getting free money.

Maybe it is different with banks, since banks have a tendency to own large stacks of
new or almost new property. Those could go for sale or rent with no meaningful repairs
done.



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