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Vector Group Ltd. Message Board

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  • wareham2620 wareham2620 Dec 13, 2009 2:04 PM Flag

    Merry Christmas

    Tom,
    All of my stocks are in the reinvestment plan.Never put all your money on one stock ,or one thing.You could lose it all fast.Some of my stocks are gone.I hope my other stocks will make up for those.

    I also have rental properties and I live off of the rent money.Very good return.If you can, pay cash for a mobile home or house to rent out.You can find them cheap right now.No mortgage, a lot less to worry about if the home isn't rented out.

    Look around your area and see what mobile homes or houses are selling for.Then see how much they rent for in the same area.I rent most of my homes out cheaper than the next guy by $50. to $100. That way if they think about moving they can't find anything cheaper .I don't need to make a killing,just a living.

    Some states you can call the county court house .Then ask if the person wanting to rent your home has ever been evicted ,or has destroyed a rental property.If they were evicted by the court it will be on file.

    Diversify with stocks and rental properties.

    Just an after thought.

    Good luck

 
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