Originally Posted by Hog's Gone Fishin:
I've got a bunch of single family homes and when the tenants leave it usually looks like they took a vacation there and threw a huge party!
Yes - that is true typical horror story I hear about with local rentals (along with being late with rent).
If you had it to do over again, would you still get into long term, local rentals? [Reply]
Originally Posted by Peter Gibbons:
Yes - that is true typical horror story I hear about with local rentals (along with being late with rent).
If you had it to do over again, would you still get into long term, local rentals?
It's a big winner right now here. I have friends who own a bunch of them and they're just raking it in right now. Their value could turn fast, but they're paid off and any rent is good rent from here on out.
Tesla recently bought me one and I quickly landed an older couple. As long as they don't die soon, it's looking great. I'm not sure I could play the cheap young rental game. They're one bad weekend from cooking meth in your bathroom. [Reply]
Originally Posted by RunKC:
Anyone know anything about NIO? They’re a Tesla competitor who delivered a record amount of electric cars in November.
Not sure if they’d be a buy or not
NIO is supposed to be about 30% of the China market competing with Tesla,LI and EXPEV mostly. Good company with big plans. Most of the talking heads I follow say it's a $100 stock by the end of 2021. It has one red flag and that is the US government is trying to delist "China stocks" from our stock exchange. If that DOES happen they'll have 3 years to get right. Personally I don't think it happens especially with dementia taking office and China will resume taking advantage of the US.
I have 100 shares and I'm not selling. $45 is in the buy zone, IMO! If you want to get in the EV space I'd also look at SBE and BEEM. [Reply]