Row 65748

Row ID: 65748 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 65748 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I’m torn on whether my real estate investing philosophy makes sense. I’d love to hear some people’s thoughts on whether I should shift or not.

I have a solid career, with great pay in a highly sought after industry. My industry is hard to get into, but once you’re in you have a lot of opportunities. Because of my pay I treat real estate as a long-term equity builder instead of a way of making additional monthly income.

I live in a part of the country that is growing like crazy. My strategy is to buy a houses, get good tenants, make a little bit each month while they pay off my mortgage and the house appreciates. I tend to rent my properties slightly below market value so I can get a good/reliable tenant. I’ve had bad tenants in the past and hated it. Once the tenant is in, I tend to keep the rent steady each year and rarely raise it. For example, I have a rental in a growing part of town that I originally rented at 10% below market and got a solid tenant who has been low maintenance so far. They have renewed their lease twice and I haven’t raised rent yet. This property brings in $200 profit per month, additional $600 in principal paid off, and the house appreciates a good amount each year.

I’m ok with this and can cover big expenses if needed. My issue is some people swear that you have to raise the rent each year, get heavy cash flow, etc.

My question is, does my philosophy of using real estate to build long-term equity make sense or I am missing a big opportunity?

FieldValue
text I’m torn on whether my real estate investing philosophy makes sense. I’d love to hear some people’s thoughts on whether I should shift or not. I have a solid career, with great pay in a highly sought after industry. My industry is hard to get into, but once you’re in you have a lot of opportunities. Because of my pay I treat real estate as a long-term equity builder instead of a way of making additional monthly income. I live in a part of the country that is growing like crazy. My strategy i…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-23
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url_encoded Z0FBQUFBQm5Lak9zSmtjNUYzSy1fOTJ1VFJsS05jNmhnMl83ckFRMWx3UTRTWWFFdEhvTGpNRkVIRDBwRHV4VXRLRlpoSGRvNkJvMjdhUnNEbTJNUWhXbU9uSDJHdEl3T3h5U0lmUGc1aWZtOGNoXzZqZnZIaDBhaUdOdTEwSzdWcl9vYzhwMGRDSktJeDhyX1dNcXZDb2h4QUswZlVBdnBrXzRId0hmemVOM04wTTcwTDhseC1OTGstSzVyR0FQbDBDTHpYZGR4SzB2N3BFWVNkWXlwTTh4ZGNVWEJLa1hwQT09

Raw Record

{
  "text": "I’m torn on whether my real estate investing philosophy makes sense. I’d love to hear some people’s thoughts on whether I should shift or not. \n\nI have a solid career, with great pay in a highly sought after industry. My industry is hard to get into, but once you’re in you have a lot of opportunities. Because of my pay I treat real estate as a long-term equity builder instead of a way of making additional monthly income. \n\nI live in a part of the country that is growing like crazy. My strategy is to buy a houses, get good tenants, make a little bit each month while they pay off my mortgage and the house appreciates. I tend to rent my properties slightly below market value so I can get a good/reliable tenant. I’ve had bad tenants in the past and hated it.  Once the tenant is in, I tend to keep the rent steady each year and rarely raise it. For example, I have a rental in a growing part of town that I originally rented at 10% below market and got a solid tenant who has been low maintenance so far. They have renewed their lease twice and I haven’t raised rent yet. This property brings in $200 profit per month, additional $600 in principal paid off, and the house appreciates a good amount each year. \n\nI’m ok with this and can cover big expenses if needed. My issue is some people swear that you have to raise the rent each year, get heavy cash flow, etc.\n\nMy question is, does my philosophy of using real estate to build long-term equity make sense or I am missing a big opportunity?",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1jaVZ1LW9YWUxIOE1oVHVyelhpZ2c1a1JEaTB4aEF2UEJmREZHakZJN3VrWEZOM1BJTTNkV05HVTdMUHBfU2k1MGlYbERhekxZR2hPYkdOM1pQUE1jU1E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9zSmtjNUYzSy1fOTJ1VFJsS05jNmhnMl83ckFRMWx3UTRTWWFFdEhvTGpNRkVIRDBwRHV4VXRLRlpoSGRvNkJvMjdhUnNEbTJNUWhXbU9uSDJHdEl3T3h5U0lmUGc1aWZtOGNoXzZqZnZIaDBhaUdOdTEwSzdWcl9vYzhwMGRDSktJeDhyX1dNcXZDb2h4QUswZlVBdnBrXzRId0hmemVOM04wTTcwTDhseC1OTGstSzVyR0FQbDBDTHpYZGR4SzB2N3BFWVNkWXlwTTh4ZGNVWEJLa1hwQT09"
}
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