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mopinko

(73,527 posts)

41. for me it's not so much the money, it's finding good help.

Thu Apr 25, 2024, 07:02 PM

Apr 2024

i just dumped a bunch of money into my rental 2flat. what a nightmare. but it’s paying off.
i dont get along well w the kind of guy who goes into construction in general. but contractors….
if they’re good, we get along fine. if not….
i’m a little old lady who knows her shit, and takes no shit. the # of guys who took a look and that was that was just gross.
and no contractor harder to find than 1 to fix the last guys f’ups.

now i need a fair amount of gritty work on my home, and it’s making me crazy just thinkin about it.

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Anyone else only rent? [View all] XanaDUer2 Apr 2024 OP

I don't think there is a right or wrong. jimfields33 Apr 2024 #1

My cousin lists XanaDUer2 Apr 2024 #2

How about 25K for a roof and 8.5 grand for HVAC. jimfields33 Apr 2024 #3

Gulp XanaDUer2 Apr 2024 #4

I know. Enjoy renting and you are NOT a loser! jimfields33 Apr 2024 #5

Fans and wet towels in summer; tiny electric space heater when needed. quaint Apr 2024 #34

You get tons of tax write-offs for those expenses though which means a big refund check yearly... brush Apr 2024 #7

That is untrue. I didn't get a tax write off for roof or HVAC jimfields33 Apr 2024 #8

You've got to get a new accountant. Such expenses are write-off-able. brush Apr 2024 #11

Thanks. I definitely will look into this. jimfields33 Apr 2024 #24

Write-offs on your personal house TexasBushwhacker Apr 2024 #38

You don't get a tax write off unless it's investment property. we can do it Apr 2024 #15

Who told you that? Your home is an investment and your... brush Apr 2024 #21

The interest on your mortgage is deductible TexasBushwhacker Apr 2024 #39

In other words, you get quite a few deductions from ownership, that you don't get from renting. brush Apr 2024 #42

Owning a home is certainly worth it TexasBushwhacker Apr 2024 #43

Paid my mortgage off before I turned 60. MichMan Apr 2024 #6

Same here. we can do it Apr 2024 #16

Same here DBoon Apr 2024 #33

I sold my last house about 8 years ago. Just when prices were beginning to skyrocket captain queeg Apr 2024 #9

Thank you XanaDUer2 Apr 2024 #10

Yep it's always something. The only advantage is the mortgage stays the same. captain queeg Apr 2024 #18

for me it's not so much the money, it's finding good help. mopinko Apr 2024 #41

I have rented most of my life, paid mortgages on property but personally received no equity sanatanadharma Apr 2024 #12

Hopefully, we can find a cheap condo XanaDUer2 Apr 2024 #14

Well, good luck on finding that cheap condo. The monthly condo fee could eat up any savings you might score. SWBTATTReg Apr 2024 #31

I had a Chinese girlfriend that used to talk about "house slaves". captain queeg Apr 2024 #23

A house ties you down if bad neighbors move in, you want a cbabe Apr 2024 #13

Honestly I have lived in the same place for 30 years and rented Walleye Apr 2024 #17

Thank you XanaDUer2 Apr 2024 #19

I'm pretty sure I couldn't take care of the house by myself. And every time I thought I might, somebody said $7000 roof Walleye Apr 2024 #35

There's not a "one size fits all" for each individual. Niagara Apr 2024 #20

Homeownership enid602 Apr 2024 #22

I'll add one more advantage of renting that I've been thinking about lately captain queeg Apr 2024 #25

I'm thinking about dual citizenship nt XanaDUer2 Apr 2024 #26

My house has been an albatross for many years now, JenniferJuniper Apr 2024 #27

Yes XanaDUer2 Apr 2024 #28

I rent. I'm 63 and have artificial knees, hips and shoulders. By the time I was 35 I really didn't want to deal with brewens Apr 2024 #29

Neither of us can do yardwork XanaDUer2 Apr 2024 #30

Made money from houses bought and lived in Chalco Apr 2024 #32

XanaDUer2............. Upthevibe Apr 2024 #36

This is me XanaDUer2 Apr 2024 #37

XanaDUer2 ......... Upthevibe Apr 2024 #44

I have a house but Elessar Zappa Apr 2024 #40