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  1. Gut Shot

    Some People...

    Depreciation is what wipes you out. Commercial property is depreciated out over 22 years IIRC. You could end up paying capital gains on the entire sale price.
  2. Gut Shot

    Some People...

    Yup, we figure about once a year we're going to have to fully remodel one that someone has trashed.
  3. Gut Shot

    Some People...

    It has paid for my daughters college, with a little left over. You can make money on them but I'd have to have 100 units to make a living at it. At that point it would be a full time job. Sad part is, capital gains taxes could easily wipe out any money you make on the sale of the property.
  4. Gut Shot

    Some People...

    I might write a book about all the insane shit I've seen renters do. Some of it's tragic, some funny and some just leaves you scratching your head.
  5. Gut Shot

    Some People...

    I'm in my fifties as well and thinking about selling because I'm nearing the point where I just don't want to do it anymore.
  6. Gut Shot

    Some People...

    Passive income? If you have rentals it's anything but passive. If I hired out all the work I'd be in the red. I pay a property manager and someone to mow the grass, that's about it. And even at that there isn't much income at the end of the year.
  7. Gut Shot

    Some People...

    That $750 dollars won't cover half the cost of new flooring.
  8. Gut Shot

    Some People...

    Didn't have to in this case. All leases are month to month and automatically renew unless one party decides not to renew. A month ago we told them that the lease would not be renewed. They moved out on their own.
  9. Gut Shot

    Some People...

    ...just aren't compatible with western society. And I get to deal with them from time to time. I have a couple of apartment buildings and, once in a while, we get some crappy renter. We just threw some out. Married(?) couple with three kids. All kids were in diapers, oldest was 5...
  10. Gut Shot

    Used Binos for Boat

    Sent you a PM
  11. Gut Shot

    Precious Metals

    I don't give investment advise, but I will point out a couple of things. Gold is up 22+% over this time last year. Traditionally, PM's dropped in the summer. Do with that what you will.
  12. Gut Shot

    Used Binos for Boat

    I've had Monarch 3's and keep some Monarch 5's in my truck. Both have been great for what I paid. I never paid attention to anything beyond magnification, prism type and objective size.
  13. Gut Shot

    Used Binos for Boat

    Nikon Monarch 5 fits your price range and is an exceptional binocular for the money.
  14. Gut Shot

    Weird Crappie

    Caught this in one of my ponds yesterday. Looks like a crappie that crossed with some other type of sunfish.
  15. Gut Shot

    Looking for a light weight.22 revolver

    I'd look for an old used aluminum framed revolver. Most of the department store guns would be great and were made (mostly) by reputable companies. I've got an old JC Higgins that is a lot of fun. Also I have an old "Western Automotive" made by High Standard. Neither cost over $100.
  16. Gut Shot

    Vacation ideas

    We did that trip when my kids were that age (no teenager). Had a great time, though we never went to Cody. Hit Devil's Tower on the way out, cruised around the bighorns for a couple days. On the way back we camped out and shot prairie dogs, hit the Black Hills, saw Rushmore (from a distance)...
  17. Gut Shot

    We averted a disaster today

    Shit happens and everyone makes mistakes. No one was hurt and nothing was damaged. Shrug it off and move on. My dad was coming up on a canoe once, he didn't see it/wasn't paying attention. Us kids warned him and he swerved off and apologized. Not much more you can do.
  18. Gut Shot

    Avoid Turkish Airlines at all cost..

    We flew Iberian earlier this year. I thought it was a step up from any of the US carriers. Of course, we didn't have any issues to deal with either.
  19. Gut Shot

    Cumulative burden of taxes

    Good, now lets make it so the rest of the companies in America avoid "almost all federal income tax."
  20. Gut Shot

    Elderly parents got dropped on their insurance

    It's not just health insurance. Insurance has gotten to be a scam as big as any. I wish I had some good advice for you OP.

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