I’m planning to purchase some sort of investment property this year. I had originally been thinking residential in a red state.

Talked to a buddy yesterday who owns some commercial buildings. His tenants are restaurants and medical clinics. “People are gonna eat and people are gonna get diabetes.”

He may have swung me to commercial.

Sugar, the real killer.

You mean stonks?

Steaks and Indigestion

Unless you can pay cash, not the best time maybe?

Bammer have you considered a lifestyle brand powered by dropshipping? The “Litigious Dad” merchandise would be like your own private printing press.

It’s all relative

I’m just saying, there’s a somewhat decent chance you wind up with a high interest mortgage right before a recession hits.

Bump for bammer

U.S. economy shrinks 1.4 percent in first three months of the year, raising fears of recession
https://www.washingtonpost.com/business ... 1-economy/

Also a 30-year fixed is just below 6% right now. Please don’t go in on some mixed use boondoggle unless you’re prepared to eat shit.

One of the potential arguments here is that with interest rates rising I will have less competition.

There are also places where people simply need to live, such as near state universities, state capitols, military bases, etc. Those institutions ain’t going anywhere.

Thanks though, boo!

No doubt they need to live somewhere. But what’s the turnover rate? What’s the opportunity cost of your management drain when three commercial tenants break their leases in five years and you’ve got a vacant storefront for several months?

Will you flip the thing for a profit down the line? Probably.

Will you generate some passive income? Yeah.

Are there easier ways to grow your wealth in a recession? Most definitely.

Just my $.02, but you do you and I wish you all the success in the world.

I am not well versed in commercial leases but I’m pretty certain - at least on paper - tenant still owes a lot of $ if they just up and leave (break lease).

I won’t be looking for a home run or try to outsmart the market. I want to hit singles and doubles over the long term.

There are VC/PE groups that can do this for you very easily during a recession

I will crash and burn on my own, thank you very much!

bammer is the landlord who would drastically raise the rents on the local beloved record store tenant, running them to the edge of town after 25 years of being a staple in the community

Trag send me some ideas to grow my wealth please!

Invest in RM before the IPO

rm is more spac material....talk it up, price it at $10 and sell it at $3 a year later

Ah the typical tech startup formula, yes.