[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 126 KB, 500x503, the-face-pepe-makes-when-life-just-sucks-19505349.png [View same] [iqdb] [saucenao] [google]
12270406 No.12270406 [Reply] [Original]

>read /biz/
>see le investment property meme
>do some research
>HOA fees eat any property margin there is to be had

>> No.12270430

yea, many markets are too expensive to make rentals work if you don't already own right now. in many markets it still does make sense. being a landlord is not a meme.

>> No.12270473

>>12270406
wtf how much are your HOA fees?

factor it into the rent and down payment

>> No.12270498
File: 14 KB, 251x242, 1544042336604.jpg [View same] [iqdb] [saucenao] [google]
12270498

>>12270406
>buying property governed by a HOA

>> No.12270508

>>12270473
you have to pay for 50-100% of the property outright upfront. and even in this case, you are not really "getting ahead" when you factor in wear and tear, maintenance, tenants wrecking your shit, and HOA fees eating up thousands in profit each year. A half decent condo is literally $400 in HOA each MONTH.

>> No.12270844

bump you god damn faggots

>> No.12270876

>>12270430
I make $3.5k/mo after taxes in EEU.
$300k initial investment three years ago.
Zero debt.
Feels fucking good.
Also my retail valuenis $400k+ atm.

>> No.12270921

>>12270876
so how much have you earned gross in rent since you bought the properties 3 years ago?

and then subtract your maintenance costs

you are nowhere near your 300k investment