Quote (JessiWan @ Feb 27 2022 09:25am)
Renting out your house for profit is not that easy. Most of the renters, if they are working and unless they have a legit reason for not owning a home, such as their jobs being transient, all have some sort of issues with them. They are either irresponsible or feckless/shiftless, which explains their inability to own a home and have to rent. A lot of them simply work at low-paying jobs or have little job security. My point is, usually people have to rent because they are "defective" in some way and when you have to evict them, and trust me you will have to one day, it can prove very ugly and even costly. I have heard of too many horror stories where renters come back to the house to throw a brick at the window or otherwise damage the house. Remember, your house can't move, and they know where it is.
And I also don't get how people talk about making 10, 20% return investing in the stock market. Either they are financial geniuses or I am a financial dummy, cause I have been investing on and off for 2 decades and I don't see a return anywhere like that. To me the stock market is simply a giant casino waiting to evaporate my hard-earned cash. And I don't buy super-risky penny stocks either, my latest investment is General Electric, one of the oldest names around. And I am stuck, waiting for my shares to rise up high enough so I can get my money back relatively unscathed and get the hell out.
The stock market isn't a casino if you don't randomly buy things based on hype, name or sentiments. If you do actual research you would've known that general electric had been struggling for almost a decade.