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Can't wait to sue them. Classic case of transfer of assets and appropriation.

link to story


BY JACK PHILLIPS July 23, 2021


A federal court on Friday ruled that the U.S. Centers for Disease Control and Prevention (CDC) overstepped its authority by halting evictions during the COVID-19 pandemic.

The Cincinnati-based U.S. Sixth Circuit Court of Appeals unanimously agreed (pdf) with a lower court ruling that said the CDC engaged in federal overreach with the eviction moratorium, which the agency has consistently extended for months. Several weeks ago, the CDC announced it would allow the policy, which was passed into law by Congress, to expire at the end of July.

“It is not our job as judges to make legislative rules that favor one side or another,” the judges wrote. “But nor should it be the job of bureaucrats embedded in the executive branch. While landlords and tenants likely disagree on much, there is one thing both deserve: for their problems to be resolved by their elected representatives.”

The ruling upheld one handed down by U.S. District Judge Mark Norris, who in March blocked enforcement of the moratorium throughout western Tennessee.

Under the moratorium, tenants who have lost income during the pandemic can declare under penalty of perjury that they’ve made their best effort to pay rent on time. The CDC claimed the measure was necessary to prevent people from having to enter overcrowded conditions if they were evicted, which would, according to the agency, impact public health.

Previously, the CDC’s lawyers argued in court filings that Congress authorized the eviction freeze as part of its COVID-19 relief legislation, while simultaneously asserting that the moratorium was within its authority. Those arguments were rejected by the three-panel appeals court on Friday.

Epoch Times Photo
Demonstrators call for a rent strike during the COVID-19 pandemic as they pass City Hall in Los Angeles, Calif., on May 1, 2020. (Frederic J. Brown/AFP via Getty Images)
“What’s the difference between executive-branch experts and congressional ones? Executive-branch experts make regulations; congressional experts make recommendations,” the appeals court wrote. “Congressional bureaucracy leaves the law-making power with the people’s representatives—right where the Founders put it.”

But last month, the Supreme Court in a 5-4 decision rejected a different plea by landlords to end the ban on evictions.

Justice Brett Kavanaugh had written in an opinion (pdf) that while he believes that the CDC had exceeded its authority by implementing the moratorium, he voted against ending it because the policy is set to expire July 31.

“Those few weeks,” he wrote, “will allow for additional and more orderly distribution” of the funds that Congress has appropriated to provide rental assistance to those in need because of the pandemic.

The CDC moratorium has faced pushback from property owners as well as the National Association of Realtors.

“Landlords have been losing over $13 billion every month under the moratorium, and the total effect of the CDC’s overreach may reach up to $200 billion if it remains in effect for a year,” said the organization in an emergency petition to the Supreme Court.

It’s not clear if the CDC’s attorneys will appeal the ruling. The Epoch Times has requested a comment from the agency.
Originally Posted by local_dirt
Can't wait to sue them..


You aren't going to do that.
Originally Posted by Stickfight
Originally Posted by local_dirt
Can't wait to sue them..


You aren't going to do that.






Because you said so?

I will attach to the first good suit or atty working it I can find.

Geniuses like you who never worked hard enough to succeed or took any risk abound..

in single wides.

You don't have a fugking clue what's going on here.

Now go back to being just the regular dumb fugk "gun expert / gunsmith" you are.

Laughing.
I hope you do and have success. That is a huge over reach and is complete BS. So the squatters get to live rent free while the owners still have to pay the mortgage.
Originally Posted by local_dirt

Because you said so?


Because you like to pretend you are the sort of person who would do something like that but you are not.

It should be easy to find the docs if you are the plaintiff.
Boomer Fight
Originally Posted by Stickfight
Originally Posted by local_dirt

Because you said so?


Because you like to pretend you are the sort of person who would do something like that but you are not.

It should be easy to find the docs if you are the plaintiff.




Just like a lot of conversations here on the Fire.. where you ponder out loud something you know literally nothing about or have zero experience with, you chime in, trying to put down someone who does.

I've been a landlord for 20+ years, got rid of a couple covid squatters, and am in reparations litigation with my attorney for that in 2 counties right now, genius.

So.. STFU and go back to doing what you DON'T do best.
Originally Posted by BobBrown
Boomer Fight




And I'm all in. smile
Originally Posted by Springcove
I hope you do and have success. That is a huge over reach and is complete BS. So the squatters get to live rent free while the owners still have to pay the mortgage.





Nailed it, springcove.

Liberal schitballs in govt overreaching private property rights.

Nothing new, really. Just a new wrinkle.
Originally Posted by local_dirt
am in reparations litigation with my attorney for that in 2 counties right now


Will you use this same attorney to file against the CDC?
Originally Posted by Stickfight
Originally Posted by local_dirt
am in reparations litigation with my attorney for that in 2 counties right now


Will you use this same attorney to file against the CDC?





Probably not. That's not her specialty.
You get screwed at least twice. No rental income and then have to pay to evict. Hell yes I would sue them. I’m sure there will more than one class action law suit
A while back we discussed a specific case in CA where people bought a $900k house, paying cash. After the papers were signed, the sellers used non-eviction laws and didn't move out. They paid no rent but had the sale price in their pockets. The buyers couldn't do anything about it. I don't know what the current status is.
Sign nothing unless house has been vacated. Morning of closing inspection.
Specific performance is a tough battle to fight.
Originally Posted by Stickfight
Originally Posted by local_dirt

Because you said so?


Because you like to pretend you are the sort of person who would do something like that but you are not.

It should be easy to find the docs if you are the plaintiff.


Uhhhh….

I know local dirt, and I can assure you he can be quite litigious when provoked.

LOL
Originally Posted by Springcove
I hope you do and have success. That is a huge over reach and is complete BS. So the squatters get to live rent free while the owners still have to pay the mortgage.


The millions of COVID inspired lawsuits have not even begun.

99% of the actions taken were flat illegal.
Originally Posted by Stickfight
Originally Posted by local_dirt
am in reparations litigation with my attorney for that in 2 counties right now


Will you use this same attorney to file against the CDC?


That’s a stupid fugking question.

You must be stupid.
[Linked Image from i.imgur.com]
Originally Posted by deflave
Originally Posted by Springcove
I hope you do and have success. That is a huge over reach and is complete BS. So the squatters get to live rent free while the owners still have to pay the mortgage.


The millions of COVID inspired lawsuits have not even begun.

99% of the actions taken were flat illegal.




Agreed. The whole thing has been BS from the get go.

Hey but make sure you wear a mask to keep me safe in Utah 😂
I do not currently have rentals as we sold them a few years ago and want to buy again when prices come down. The banks can't be suspending mortgage payments are they or tacking them onto the bank end of the note? We terminated a guy last spring that was 11k behind on rent because he was scared of Covid he said ( Biden voter , imagine that! ).
Originally Posted by Springcove
You get screwed at least twice. No rental income and then have to pay to evict. Hell yes I would sue them. I’m sure there will more than one class action law suit





You're all over it.. and correct, springcove.
Originally Posted by local_dirt
Originally Posted by Springcove
You get screwed at least twice. No rental income and then have to pay to evict. Hell yes I would sue them. I’m sure there will more than one class action law suit





You're all over it.. and correct, springcove.



If people had any idea of what it’s like to evict a tenant under normal circumstances they would keep their mouths shut. It can take months sometimes more. So you as an owner are not getting paid rent but have to pay court costs and attorneys fees if your not doing the eviction yourself. But then you still have to pay someone to prepare the documents. These freeloaders need their asses kicked to the curb.
Originally Posted by deflave
Originally Posted by Springcove
I hope you do and have success. That is a huge over reach and is complete BS. So the squatters get to live rent free while the owners still have to pay the mortgage.


The millions of COVID inspired lawsuits have not even begun.

99% of the actions taken were flat illegal.




There's really no doubt about the illegal actions that continue to be, & have been taken, but i highly doubt that there will be much rectification of all the wrongs that those actions have caused to happen.

Maybe I'm wrong, but I doubt that many of the courts will allow any real punitive damages to be corrected.

YMMV

MM
Originally Posted by deflave

The millions of COVID inspired lawsuits have not even begun.


Why haven't you filed yours?

Or, like local dirt, do you mean that you will post about what someone else does?
Originally Posted by Stickfight
Originally Posted by deflave

The millions of COVID inspired lawsuits have not even begun.


Why haven't you filed yours?

Or, like local dirt, do you mean that you will post about what someone else does?


I don’t have a business that was affected.

But you probably can’t grasp that because you’re a fugking idiot.
Originally Posted by deflave
You must be stupid.


No, but I imagine it seems that way to boomers due to their damaged understanding of reality.
Originally Posted by Stickfight
Originally Posted by deflave
You must be stupid.


No, but I imagine it seems that way to boomers due to their damaged understanding of reality.


Yep.

Still stupid.
Originally Posted by Rock Chuck
A while back we discussed a specific case in CA where people bought a $900k house, paying cash. After the papers were signed, the sellers used non-eviction laws and didn't move out. They paid no rent but had the sale price in their pockets. The buyers couldn't do anything about it. I don't know what the current status is.


Sellers vacated awhile ago. Pushed it right to the legal edge then bailed.
Originally Posted by deflave
I don’t have a business that was affected.


Thank you for self-identifying as a cheerleader.
Originally Posted by Stickfight
Originally Posted by deflave
I don’t have a business that was affected.


Thank you for self-identifying as a cheerleader.


Sue the CDC.

You stupid fugk.

LOL
Originally Posted by deflave
Originally Posted by Stickfight
Originally Posted by deflave
I don’t have a business that was affected.


Thank you for self-identifying as a cheerleader.


Sue the CDC.

You stupid fugk.

LOL






Flave, some dumb fugks just cannot be anything but a dumb fugk. Blathering about something they know nothing about.

About equivalent to If I were getting on here and blathering about casting bullets. Something I know absolutely nothing about.
Good luck.


Originally Posted by local_dirt
Can't wait to sue them. Classic case of transfer of assets and appropriation.

link to story


BY JACK PHILLIPS July 23, 2021


A federal court on Friday ruled that the U.S. Centers for Disease Control and Prevention (CDC) overstepped its authority by halting evictions during the COVID-19 pandemic.

The Cincinnati-based U.S. Sixth Circuit Court of Appeals unanimously agreed (pdf) with a lower court ruling that said the CDC engaged in federal overreach with the eviction moratorium, which the agency has consistently extended for months. Several weeks ago, the CDC announced it would allow the policy, which was passed into law by Congress, to expire at the end of July.

“It is not our job as judges to make legislative rules that favor one side or another,” the judges wrote. “But nor should it be the job of bureaucrats embedded in the executive branch. While landlords and tenants likely disagree on much, there is one thing both deserve: for their problems to be resolved by their elected representatives.”

The ruling upheld one handed down by U.S. District Judge Mark Norris, who in March blocked enforcement of the moratorium throughout western Tennessee.

Under the moratorium, tenants who have lost income during the pandemic can declare under penalty of perjury that they’ve made their best effort to pay rent on time. The CDC claimed the measure was necessary to prevent people from having to enter overcrowded conditions if they were evicted, which would, according to the agency, impact public health.

Previously, the CDC’s lawyers argued in court filings that Congress authorized the eviction freeze as part of its COVID-19 relief legislation, while simultaneously asserting that the moratorium was within its authority. Those arguments were rejected by the three-panel appeals court on Friday.

Epoch Times Photo
Demonstrators call for a rent strike during the COVID-19 pandemic as they pass City Hall in Los Angeles, Calif., on May 1, 2020. (Frederic J. Brown/AFP via Getty Images)
“What’s the difference between executive-branch experts and congressional ones? Executive-branch experts make regulations; congressional experts make recommendations,” the appeals court wrote. “Congressional bureaucracy leaves the law-making power with the people’s representatives—right where the Founders put it.”

But last month, the Supreme Court in a 5-4 decision rejected a different plea by landlords to end the ban on evictions.

Justice Brett Kavanaugh had written in an opinion (pdf) that while he believes that the CDC had exceeded its authority by implementing the moratorium, he voted against ending it because the policy is set to expire July 31.

“Those few weeks,” he wrote, “will allow for additional and more orderly distribution” of the funds that Congress has appropriated to provide rental assistance to those in need because of the pandemic.

The CDC moratorium has faced pushback from property owners as well as the National Association of Realtors.

“Landlords have been losing over $13 billion every month under the moratorium, and the total effect of the CDC’s overreach may reach up to $200 billion if it remains in effect for a year,” said the organization in an emergency petition to the Supreme Court.

It’s not clear if the CDC’s attorneys will appeal the ruling. The Epoch Times has requested a comment from the agency.
Originally Posted by ribka
Good luck.


Originally Posted by local_dirt
Can't wait to sue them. Classic case of transfer of assets and appropriation.

link to story


BY JACK PHILLIPS July 23, 2021


A federal court on Friday ruled that the U.S. Centers for Disease Control and Prevention (CDC) overstepped its authority by halting evictions during the COVID-19 pandemic.

The Cincinnati-based U.S. Sixth Circuit Court of Appeals unanimously agreed (pdf) with a lower court ruling that said the CDC engaged in federal overreach with the eviction moratorium, which the agency has consistently extended for months. Several weeks ago, the CDC announced it would allow the policy, which was passed into law by Congress, to expire at the end of July.

“It is not our job as judges to make legislative rules that favor one side or another,” the judges wrote. “But nor should it be the job of bureaucrats embedded in the executive branch. While landlords and tenants likely disagree on much, there is one thing both deserve: for their problems to be resolved by their elected representatives.”

The ruling upheld one handed down by U.S. District Judge Mark Norris, who in March blocked enforcement of the moratorium throughout western Tennessee.

Under the moratorium, tenants who have lost income during the pandemic can declare under penalty of perjury that they’ve made their best effort to pay rent on time. The CDC claimed the measure was necessary to prevent people from having to enter overcrowded conditions if they were evicted, which would, according to the agency, impact public health.

Previously, the CDC’s lawyers argued in court filings that Congress authorized the eviction freeze as part of its COVID-19 relief legislation, while simultaneously asserting that the moratorium was within its authority. Those arguments were rejected by the three-panel appeals court on Friday.

Epoch Times Photo
Demonstrators call for a rent strike during the COVID-19 pandemic as they pass City Hall in Los Angeles, Calif., on May 1, 2020. (Frederic J. Brown/AFP via Getty Images)
“What’s the difference between executive-branch experts and congressional ones? Executive-branch experts make regulations; congressional experts make recommendations,” the appeals court wrote. “Congressional bureaucracy leaves the law-making power with the people’s representatives—right where the Founders put it.”

But last month, the Supreme Court in a 5-4 decision rejected a different plea by landlords to end the ban on evictions.

Justice Brett Kavanaugh had written in an opinion (pdf) that while he believes that the CDC had exceeded its authority by implementing the moratorium, he voted against ending it because the policy is set to expire July 31.

“Those few weeks,” he wrote, “will allow for additional and more orderly distribution” of the funds that Congress has appropriated to provide rental assistance to those in need because of the pandemic.

The CDC moratorium has faced pushback from property owners as well as the National Association of Realtors.

“Landlords have been losing over $13 billion every month under the moratorium, and the total effect of the CDC’s overreach may reach up to $200 billion if it remains in effect for a year,” said the organization in an emergency petition to the Supreme Court.

It’s not clear if the CDC’s attorneys will appeal the ruling. The Epoch Times has requested a comment from the agency.






Thanks, ribka. The reparations case in Broward County is going well now, after some bumps in the road and administriva mistakes on the .gov side. Miami-Dade taking longer, with more admin screwups. About what I expected. If you lived here, you'd understand that NOTHING is easy, or ever goes as it should in Miami-Dade county.
Originally Posted by local_dirt
Originally Posted by Springcove
You get screwed at least twice. No rental income and then have to pay to evict. Hell yes I would sue them. I’m sure there will more than one class action law suit





You're all over it.. and correct, springcove.

And then a lot of those folks will trash the place before they leave "just cause"
The Kavanaugh quote makes him look like a dope.
Originally Posted by kingston
The Kavanaugh quote makes him look like a dope.


Your initial thoughts on COVID make you look like a retard.
[Linked Image from i.postimg.cc]
LMAO
Finger art, is a dish best served cold.
Originally Posted by Fubarski
Finger art, is a dish best served cold.


Remember he said hurtful things about you and embraced The Duck O Douche?

LOL
I hope there is hell to pay. I own rentals but was lucky that I didn't have to deal with any of this bullshit.
[Linked Image from i.postimg.cc]
Originally Posted by deflave
Originally Posted by Fubarski
Finger art, is a dish best served cold.


Remember he said hurtful things about you and embraced The Duck O Douche?

LOL


I thought that was hilarious good fun.

Except the sycamore part.

I'll carry that to my grave.
Originally Posted by Fubarski

I thought that was hilarious good fun.

Except the sycamore part.

I'll carry that to my grave.


Yea, that was over the line.
Originally Posted by RandyR
I do not currently have rentals as we sold them a few years ago and want to buy again when prices come down. The banks can't be suspending mortgage payments are they or tacking them onto the bank end of the note? We terminated a guy last spring that was 11k behind on rent because he was scared of Covid he said ( Biden voter , imagine that! ).






Randy, sorry. I did not see your post earlier (at bottom of the 1st page).

To answer your question. Yes... in a way. The banks instituted forbearance agreements.. with strings attached, whereby partial payments could be made or payments were tacked onto the back end of the loan. In other words, you're still paying. They didn't forgive YOUR debt. smile

They didn't really want to do it, but I believe the Feds forced them into it.. possibly attaching strings to any assistance down the road. I don't know. We'll probably never know about the Wall Street side deals.

I set up forbearance on all of my rental properties where I could, as an insurance policy of sorts, in case I had a bunch of tenants start saying they couldn't pay because of Covid. They denied me on one loan because it wasn't FHA / Fannie Mae. No big deal.

It has not been easy. Several tried to play the Covid card based on all the marxist bulshit being spewed on rap radio around here, but I reminded them that I knew and had records of where they worked and they would have to present income docs on any eviction I filed against them, as well as validate need on any Covid relief assistance. This, after I suspended all late fees last March-April and sent them all a letter saying they could pay their rent in 3-4 payments throughout the month. Imagine that. Tenants don't GAS if you go broke. smile


Now here's the funny kicker, if you can laugh at this kind of joke.

TO THIS DAY, I NEVER MISSED A SINGLE PAYMENT. And now, the banks are sending out letters to me saying since you've not missed any payments over the last 3 month period, you are obviously "OK", so we are suspending your forbearance agreement. smile

Banks protected. Tenants protected. Private property owners -> NOT.

These .gov and bank fuggers never cease to amuse.

LOL.
Originally Posted by local_dirt
They didn't really want to do it, but I believe the Feds forced them into it..


Which Feds and are those the ones you will be suing?

You guys who run businesses on (((loans))) are always good for a laugh. On no I got Jewed again, why does this keep happening to me?
Originally Posted by Stickfight
Originally Posted by local_dirt
They didn't really want to do it, but I believe the Feds forced them into it..


Which Feds and are those the ones you will be suing?

You guys who run businesses on (((loans))) are always good for a laugh. On no I got Jewed again, why does this keep happening to me?






1. The CDC, genius. You obviously are not keeping up. Either disinterested because you don't own any personal property or uneducated because you're too lazy.

2. And they're mortgages. The strategy is called leverage. But it's obvious you'll never get it.

You really do not have a clue on the subject and your intent is clearly to defile and derail.

I'll not waste any more time trying to educate you. Please, continue to be a dumbass the rest of your life. I'll not get in your way again.
Being leveraged is about the only way to make money on rentals in this market. I was In a good position on 4 rentals a few years ago but became obsessed with getting out of debt and sold most of them. I wish I would have waited until now because they have nearly doubled in value the last few years.

As of now I have 1 rental left and it's almost paid off. It rents for $1200 a month and property tax and insurance are about $360 of that. I had an offer on it for $285,000 so I'm really only netting around 3% on my money and often wonder if it's worth that. If I leveraged that equity to put 20% down on 3-4 more properties I'd net much more but my risk and hassle would increase.

I thought about doing a 1031 exchange into a 4 plex and increasing my leverage to make more on my money. If I outright sell my rental and try to invest in something else I'll get killed in taxes. So I just keep getting my lowly $1200 month and being happy that my renters pay. It's hard to make any real money playing it safe.

Bb
Originally Posted by kingston
[Linked Image from i.postimg.cc]


As if baking isn’t gay enough you have to draw cock on every bite?

No wonder you and Sycamore get along.

LOL
Originally Posted by deflave
Originally Posted by kingston
[Linked Image from i.postimg.cc]


As if baking isn’t gay enough you have to draw cock on every bite?

No wonder you and Sycamore get along.

LOL


That's ice cream you retard.
Yes. Considered that an unlawful taking from the beginning. Feds could have offered to pay, but that would have been stupid as well.
Originally Posted by local_dirt
2. And they're mortgages. The strategy is called leverage.


A mortgage isn't a (((loan)))? News to me, but of course I don't have any. Plenty of properties, no (((loans))), because I am loathe to give others a cut of my labor least of all a Jew.

They tried to teach me about (((debt leverage))) in school but I knew better so I bailed.
Originally Posted by Springcove
Originally Posted by local_dirt
Originally Posted by Springcove
You get screwed at least twice. No rental income and then have to pay to evict. Hell yes I would sue them. I’m sure there will more than one class action law suit





You're all over it.. and correct, springcove.



If people had any idea of what it’s like to evict a tenant under normal circumstances they would keep their mouths shut. It can take months sometimes more. So you as an owner are not getting paid rent but have to pay court costs and attorneys fees if your not doing the eviction yourself. But then you still have to pay someone to prepare the documents. These freeloaders need their asses kicked to the curb.


Agreed!!! Landlord tenant law/act is completely and ridiculously in favor of the tenant!!
Originally Posted by Stickfight
Originally Posted by local_dirt
2. And they're mortgages. The strategy is called leverage.


A mortgage isn't a (((loan)))? News to me, but of course I don't have any. Plenty of properties, no (((loans))), because I am loathe to give others a cut of my labor least of all a Jew.

They tried to teach me about (((debt leverage))) in school but I knew better so I bailed.





And you're an astronaut in your spare time.. You and Jeffy.

Phugkin phony.
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.
Originally Posted by Stickfight
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.





Don't give a fugk where you are or what you're doing.

I do what I want, when I want, where I want, with whom I want. Dumb fugks like you wouldn't understand that.

Now go FOAD and stick your cock holster face on some other thread.
Originally Posted by local_dirt
I do what I want, when I want


What sort of timeline are you looking at for the CDC lawsuit?
Originally Posted by local_dirt
Originally Posted by Stickfight
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.





Don't give a fugk where you are or what you're doing.

I do what I want, when I want, where I want, with whom I want. Dumb fugks like you wouldn't understand that.

Now go FOAD and stick your cock holster face on some other thread.


Sir,

He’s a dick weasel, too.
Originally Posted by BobBrown
Originally Posted by local_dirt
Originally Posted by Stickfight
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.





Don't give a fugk where you are or what you're doing.

I do what I want, when I want, where I want, with whom I want. Dumb fugks like you wouldn't understand that.

Now go FOAD and stick your cock holster face on some other thread.


Sir,

He’s a dick weasel, too.





I hear you, BB.

It totally befuddles me how some people can be members here and never have it in them to at least contribute something positive once in a while.
Originally Posted by Burleyboy
Being leveraged is about the only way to make money on rentals in this market. I was In a good position on 4 rentals a few years ago but became obsessed with getting out of debt and sold most of them. I wish I would have waited until now because they have nearly doubled in value the last few years.

As of now I have 1 rental left and it's almost paid off. It rents for $1200 a month and property tax and insurance are about $360 of that. I had an offer on it for $285,000 so I'm really only netting around 3% on my money and often wonder if it's worth that. If I leveraged that equity to put 20% down on 3-4 more properties I'd net much more but my risk and hassle would increase.

I thought about doing a 1031 exchange into a 4 plex and increasing my leverage to make more on my money. If I outright sell my rental and try to invest in something else I'll get killed in taxes. So I just keep getting my lowly $1200 month and being happy that my renters pay. It's hard to make any real money playing it safe.

Bb


You might want to look into the 1031. I was told the current administration was trying to do away with them and I am not sure on the status. There are so many jobs available here it's crazy, kids don't want to get off the couch for $20 a hour .
Originally Posted by RandyR
Originally Posted by Burleyboy
Being leveraged is about the only way to make money on rentals in this market. I was In a good position on 4 rentals a few years ago but became obsessed with getting out of debt and sold most of them. I wish I would have waited until now because they have nearly doubled in value the last few years.

As of now I have 1 rental left and it's almost paid off. It rents for $1200 a month and property tax and insurance are about $360 of that. I had an offer on it for $285,000 so I'm really only netting around 3% on my money and often wonder if it's worth that. If I leveraged that equity to put 20% down on 3-4 more properties I'd net much more but my risk and hassle would increase.

I thought about doing a 1031 exchange into a 4 plex and increasing my leverage to make more on my money. If I outright sell my rental and try to invest in something else I'll get killed in taxes. So I just keep getting my lowly $1200 month and being happy that my renters pay. It's hard to make any real money playing it safe.

Bb


You might want to look into the 1031. I was told the current administration was trying to do away with them and I am not sure on the status. There are so many jobs available here it's crazy, kids don't want to get off the couch for $20 a hour .







Randy, you are correct on both points.

Hoejoe crew is trying to kill the 1031 exchange system.

You cannot drive down anywhere in my area and not see Help Wanted signs.
I said it was an unlawful taking from the get go. Thankfully my kids live in my two rentals and they pay their rent.
Originally Posted by NVhntr
I said it was an unlawful taking from the get go. Thankfully my kids live in my two rentals and they pay their rent.





That's a decent setup. Have an acquaintance who does that. Kids are pretty lucky for that, too. The way rents have gone up here.
Originally Posted by Stickfight
Originally Posted by local_dirt
I do what I want, when I want


What sort of timeline are you looking at for the CDC lawsuit?






None of your business, troll.

Oh by the way, looked over some of your posts. Anti-boomer, anti-Semitic, never used mortgages. That would make you a 40-something trust baby. Just as I thought. Fugkin punk.
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