/biz/ - Business & Finance

>>20182033
Just have parents sell the house to you for $1 you fucking retard.

>>19435942
I'm an American and I pay zero federal tax. Of course, I'm heavily involved in real estate, where there are hundreds of tax loopholes, so cryptofag mileage my vary. Taxes are for wage slaves and "professionals" (highly paid wage slaves). I consider my highest aim to be not paying taxes, my second major aim is gaining wealth. Any actions I take must satisfy those two objectives. Your nothing but a sucker for believing in taxes. Thanks for the roads btw.
.t libertarian

Landlord here, I'm am stoked to buy cheap properties over then next couple years. All the lightweights that inevitably enter in the tail of the bullmarket using low effort high risk strategies like fucking leasing apartments so they can Airbnb them, eventually make my life easier when their schemes implode. For the last few years I've bought nothing but completely wrecked properties that I rehab myself, because nearly everything else is way overpriced because of people banking on equity gains instead of cash flow (pretty much the same as is going on in the stock market). I'm only 40% leveraged and want to expand, so a massive drop in prices only helps me. The only people dumber than these highly levered Airbnb hosts are the retards that think this signals the end of landlording.

>>18421534
I bought my first property with 100% leverage when I was a poorfag. Keep telling yourself you can't do it, less competition for me.

>>18360823
>Landlords are the new jannies

All of my tenants paid this month

>mfw $350,000 in low fixed rate mortgage debt on my rental properties

>>17692264
Your landlord sounds BASED

>selling your bitcoin 2 months away from halving

Never gonna make it.

>>17606236
We don't have to. We just wait 72 hours then come back to laugh at /biz/

Tell your dad i'm comin for his house.

Who here is dumb enough to not have shorted yesterday and today with the blatantly obvious writing on the walls... and why do you hate free money?

>>16889721
I'll try.

Say you want a shed that costs $1000. For a normal person, they have to go out and perform $1500 labor, get $500 taken by the government, and spend the rest on the shed. Leaving them with a $1000 capital investment for $1500 of labor.

Do-it-your-selfer on the other hand, might build their shed instead. Say the shed has $500 of raw materials in it. So you work $750, have $250 taken in taxes, and pay for the materials. Lastly, you build the shed yourself, generating the last $500 of shed value tax free. Now you have a $1000 shed that cost you $1250 in personal labor.

Finally, an entrepreneur builds a shed. The entrepreneur goes and buys the materials as a business expense, so that $500 of labor is converted to capital tax free. The last $500 of value is created by building the shed yourself, likewise tax free. Now you have a $1000 shed produced with $1000 of labor. But then, the entrepreneur rents out the shed for $100/month, and has their accountant depreciate $10 of shed value per month, and buys a brand new F-150 they need for shed rental management that also gets bought pre-tax and is 100% deductable the first year.

Finally, the investor does the same thing as the entrepreneur, only figures out how to borrow 90-100% of the cash and paying others to do all the dirty work, reaping all of the same capital growth and deduction benefits while leveraging other people's money to supercharge their business growth.

Hope that makes sense.

>>15655822
Who gives a fuck, interest costs 6 figures over the course of a long term mortgage. I would pay even a $50,000 fee for a negative interest mortgage. Interest is also the largest portion of your mortgage payment during the first half of amortization, so if you are renting out your property you have greatly increased cash flow. Negative interest mortgages are insane. I'm definitely refinancing all my properties if this shit hits America.

>>15530686
BASED

>>15531226
>Debt is great during hyperinflation....
Until the government revalues the currency (and debts) 1000:1 or more.

If you are not paying off your debt with monopoly money before revaluation hits, you are retarded and deserve to lose everything.

>>15460299
Non meme answer:
>Live in duplex that you self rehab

>>15244318

500 dogecoin from a top post on reddit. I put all my actual money in actual assets like rental properties.
-t slumlord

>>13321007
prove 9. i bet 7. 8 at max

>>12499868

Most of South eastern PA is like that. My parents sold their new construction boomershack they bought in 2005 for a profit in 2011. Most mid range housing didn't go underwater. If you were in real estate in this area you got the benefits of liar lians pre recession and ultra low interest loans afterwards, with no huge downside loss of equity during the crash.

>>12421261

3% down FHA loan on a duplex, $10k will get you up to a $333,000 property.

Fact: It's impossible for the average person to buy even the most basic house in the US without winning the lottery or striking it rich somehow.

>>12352848

Yeah? I'm hoping this Ponzi scheme collapses before my loans are paid off. I'd love for my fixed rate debt to be payable with worthless monopoly money.

Someone /redpill/ me on real estate.

How can I get started as efficiently as possible? I've got about 20k saved up with a decent income. I live in a high pop metro area, but grew up and have connections in a smaller town I'm thinking about buying property in.

What's the best way to go about it?

How in the world is Robinhood offering 3% return on savings accounts with no fees?