Rental Remodel Is a NIGHTMARE! How Will I Dig Myself Out..

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  • Опубліковано 7 січ 2025

КОМЕНТАРІ • 38

  • @robervin9107
    @robervin9107 2 дні тому +7

    8:36 😂 the facetiousness. I’m happy to see that and your smile with it well done I was bit worried we weren’t getting this stuff anymore but you persevered. Also I’m glad you heard us on the rental house at least on money aspect of it. But if you still want to sell it do it ok. No shame the ten year house payments is too much. If you sell it that’s 200k in your bank account bud. Think on that. I love you. I’m hype for the announcement hope is a cd of music. Or a moving company 😂

  • @edmundohillary
    @edmundohillary 2 дні тому +11

    Strictly speaking from an investment standpoint, buying a rental property with outright cash is one of the stupidest things you can do. Cash on cash return is terrible. Listening to Dave Ramsey will keep you safe, but it won't make you much money

    • @RFRacing717
      @RFRacing717  День тому

      Ramsey is definitely set up for the average person. Play is safe and nothing can go wrong. But make money at a snails pace. I can see why people disagree with him.

  • @xbrizzcakez
    @xbrizzcakez День тому

    We have things in common, I bought a rental and paid it off early over the years, I did a big renovation and brought it up to market standards and doubled the rental income. I have money in 2 HYSA`s and a CD@5%. The only difference is I am a senior citizen. The house will rise in value along with the rent. The only regret I have is not buying more rental property. Keep up the good work....

  • @ptaszek1983
    @ptaszek1983 2 дні тому +3

    Thanks for the video Bobby! Happy New Year! Can't wait to see the remodel!

  • @fireant1272
    @fireant1272 День тому +4

    I put my rental income in my sock drawer.😂

    • @RFRacing717
      @RFRacing717  День тому

      @@fireant1272 better than blowing it I guess

  • @erik7722
    @erik7722 День тому +1

    Start a llc for that property, keep the money in an account for the llc. Commingling business with personal opens you up to personal liability issues.

  • @maddmaxx6730
    @maddmaxx6730 2 дні тому +1

    I lved in Germany for 4 years, loved it. Stationed at Ramstein when it was a fighter base 1987 to 1991. 86TFW

  • @rpenny005
    @rpenny005 2 дні тому +1

    Love the guitar!! I got the mini model a while back!

  • @alecfink7273
    @alecfink7273 2 дні тому +1

    I use Apple saving. The rate flexes from 4-5 percentage year but what I like about it over my bank account CD is I can add money or take money whenever I need and I see the money get added in my account every month. I make about $600 in interest a month. But you do need a Apple credit card to have a Apple saving account

    • @RFRacing717
      @RFRacing717  День тому

      I hope to one day have 6 figure plus in my rental account one day 😂 that interest you are collecting is great

  • @JeffreyJohnston724
    @JeffreyJohnston724 2 дні тому +1

    sounds like you know what to do with the rent money .

  • @CamoSquid
    @CamoSquid 2 дні тому +1

    I know im boutta find that truck under my tree😅

  • @yvetteinnes7770
    @yvetteinnes7770 2 дні тому

    Your old house look so beautiful 😅😊😊

  • @jonhesselink795
    @jonhesselink795 День тому +1

    Red giveaway truck has rust under it

  • @brandondawson6896
    @brandondawson6896 2 дні тому +1

    Love your address!! 😂

  • @Julian-do7bv
    @Julian-do7bv 2 дні тому

    I would save back some cash about 10k for the rental for repairs then dump as much as possible towards the mortgage to get it paid off asap I would guess your interest rate is somewhere close to the high yield savings account

    • @RFRacing717
      @RFRacing717  День тому +1

      3.7 on rental. 7.3 on primary 😵‍💫

    • @Julian-do7bv
      @Julian-do7bv День тому

      @RFRacing717 I would pay on whatever had the highest interest first and get it paid down as much as possible

  • @JeffreyJohnston724
    @JeffreyJohnston724 2 дні тому +3

    renters dont have money

  • @JeffreyJohnston724
    @JeffreyJohnston724 2 дні тому +1

    that house is to nice to rent I think that a mistake all it takes is one renter to trash the place and renters do have money to fix it . if they had money they wound not be renters

    • @RFRacing717
      @RFRacing717  День тому

      Gonna roll the dice one more time. If it doesn’t work I’m selling and dumping equity into primary home. That’ll be it for my real estate hobby.

  • @BMain1000
    @BMain1000 День тому

    RSK4LIFE😂😂😂

    • @RFRacing717
      @RFRacing717  День тому +1

      @@BMain1000 couple of real sweet kids

  • @TheSlugger76
    @TheSlugger76 2 дні тому +1

    Might want to move that mirror that falls on the baby u feel like shot

  • @joselopeziii6381
    @joselopeziii6381 2 дні тому

    Love your address 😂

  • @jonhesselink795
    @jonhesselink795 День тому

    You did not spend that much

  • @jonhesselink795
    @jonhesselink795 22 години тому

    Just sell it and wash your hands

  • @GTABLAST-zw6ye
    @GTABLAST-zw6ye 2 дні тому +1

    That’s a Xbox series x, not a Xbox one🤦‍♂️

  • @JeffreyJohnston724
    @JeffreyJohnston724 2 дні тому

    now before you take pictures and show us the baby . get a out side professional opinion on the looks of your baby before you start telling us how beautiful the baby is .LOL I have seen some night mare ugly baby's and the parents saying to me look how beautiful the baby is and I am just way to honest for them to ask for my opinion .just saying LOL ( disclaimer ) there is nothing wrong with a ugly baby .