/biz/ - Business & Finance

>>19738749
I can't imagine dealing with scummy renters

>>19738749
ok

who wants to rent out a house in the ghetto besides joggers and spics?

challange: find all the 872 threads OP has made on the topic trying to shill his crashing RE bags

here are 4:

>>/biz/thread/S19690848
>>/biz/thread/S19596155
>>/biz/thread/S19714600
>>/biz/thread/S19564997

>>19738749
Fuck off simp.

>>19738779
i guarantee you rent or live with mama and dadda
>>19738795
seethe
>>19738844
sorry you live in a hyper-inflated shithole where $170,000 gets you a shit house. not my problem
>>19738974
thanks for archiving, I'll keep for future ideas
>>19739018
lick my butthole, rentcuck

>>19738749
not buying your bags until you give me 75% discount dumb boomer

>>19738974
that is some spicy cope from OP, he must be having some serious problems to be looking for this amount of validation

>>19739149
never going to happen cucklord

side note: in 10 years my mortgage will be ~900/month (after PMI goes away)

in 10 years, your $900 rent will be closer to $1,200 pffttthahahaha

>>19739262
>living in the same place for 10 years

>>19739262
in 10 years i will own my own private state
and sorry i wont accept some shitty run down 2/2 house in the middle of Nebraska as collateral for entry

>>19738749
$6,000 minus $1.5+k maintenance, admin costs of let's say $1k (background check, payment processing fees if any etc), liability insurance of what $500?, I could go on but let me just say you're not getting $6k cash flow, you're getting $40 per week maybe. You fucking genius.

>>19738749
>buy $170,000 house

Stopped right here

>>19738749
This guy fucks

>>19738749
>$6,000 in cashflow a year
>minus property taxes
>minus set-aside for paint, roof, plumbing, appliance repairs
>minus property management fees unless you want to be dealing with tenant shit all the time

The ONLY way this works is if you're buying distressed houses and renting to HUD niggers

>>19739166
This guy makes a new thread everyday bragging about his $160,000 house like its a mansion for the elite.

>>19739655
He doesn't even have a house. He lives with this parents and uses other people's images to LARP.

>>19739487
>"admin fees"
>every year
hahahaha most braindead post ITT

>>19739135
Yeah it's all fun and games until you get a degenerate in that gets addicted to meth, loses his job and promptly does 40k in damage to the house before you can evict him.

Realestate is only fun if you get goodten ants

>$1100 studio rent
vs
>really nice 2 bed townhome with some stone architecture in living room for $225k, 99% white township
>after 20% down, $1500/m after all tax, hoa, etc

What do you guys think?

>>19739921
1100 studio rent and put the 20% down payment and 400/month difference in investments, or, keep it all in cash and buy the dip. It is coming.

>>19739921

Check out how much a new roof costs, figure that plus paint and plumber visits and new appliances etc over a couple of decades, plus your 20% cash

Now subtract the rent from that, and you're left with a lump of money plus a monthly sum. Plug those numbers into an online compound interest calculator, assuming a very modest 8% rate of return, and see which path has you more ahead after a couple decades.

More than likely, if you rent, you'll be able to buy the townhome cash in a couple decades with money left over, never once having had to have a contractor over to fuck you.

>>19739861
I'm actually a landlord and I actually do what your gay fucking LARP implies

>>19739406
>instability
>dumb rentcuck thinks renting a home = being tied down to its location
>>19739480
>i will
pftthahaha for now you are nothing more than a rentcuck with dreams
>>19739519
sorry you live in an inflated shithole
>>19739612
>property management fees
>for one house
hahahahha what a fucking retard
>>19739913
>was too retarded to properly screen tenants
>was too stupid to buy decent home insurance

>>19740039
whoa cool and you're actually retarded
>I'm a landlord
no youre not. you're the fucking maintenance guy at an apt complex making $12/hr lmao

isnt it ideal to put 20% down to avoid the insurance thing

>>19739921
Why would a grown man volunteer to be a HOA slave

>>19740372
20% down is the standard advice you'll see. You can do more/less depending on your risk tolerance, but the basic strategy behind all real-estate investing is maximizing leverage. The less you put in a downpayment, the more you can spend on a second or third property to do the same thing. That's why refinancing is the key piece to the puzzle, it gives you liquidity to keep the cycle going.

Of course when you're carrying seven figures of debt you need to be cautious, but it's manageable if you can minimize vacancies (which is easier near large cities).

>>19739207
if she's so rich then why does she live in a 3rd world tier ghetto?

>>19740039
So how do you make it work if it nets so little? Or are you just doing it to build equity?

>>19738749
>renter becomes a squatter for 6 months and sells all the copper pipes in the house.

>>19740588
>Maximizing leverage
Bahahahahahahahaha

Hold on, one sec

Ahahahahahahahahahahahahaaaaaahhahahaahhaha

I'm literally dying. I literally can't wait for the upcoming asset pop just to hear you beg the bank for mercy. This legitimately might be the most stupid thread I've ever seen on /pol/ holy shit - and that's legitimately saying something. After 08 you would think people would learn and be better with their finances but i suppose there's always a retard willing to sign a dotted line.

>>19738749
>total out of pocket = $12,450
>rent house for $1,600/month
Wait, help me. I have that much to throw.
I live in LA. How do I do this? Heeeelp meeee if not laaaarp please

>>19741094
gotta go back to waging. please be here in 1 hr and a half

>>19741072
if a homeowner's equity goes to ZERO, he's still paying less a month than a rentcuck for a roof over his head lmao

>"derrrr but duahhhh you can't move durrrrrr"

instabilty is PEAK rentcuck. they are so unstable even the thought of being in one place for longer than 5 years stresses them out lmao

>>19741015
>1 month behind
>call sheriff
>evicted
>fuck their ass in small claims court
I dont live in a cucked state like Cali, in fact my state has some of the most pro-landlord laws in the state

>>19741263

I live in a very pro landlord southern state and rn with corona you LITERALLY can’t evict people lmao. Plus I know a landlord who had previous tenants who he evicted and sued to get wage garnishment from who simply job hopped repeatedly to force him to keep going to court to waste his time/money to reinstate the garnishment (it doesn’t follow you when you get a new employer).

>>19741495
>right now
not an argument
>plus I know this guy
anecdotal evidence.

are you being retarded on purpose? learn how to debate you stupid rentcuck

>>19741540

I own my home retard. I would never become a landlord though. Huge waste of time

>>19738749
>buy $170,000 house

stopped reading there. Hows the weather in Indiana?

>>19741570
>48% ROI
>waste of time
pftthahahahahaha ok rentcuck

>>19741583
post what state you live in (you wont)

>>19741072
Debt is a financial tool like any other. This is how the entire real estate industry works (both residential and commercial). From the smallest investor with a duplex to the largest multinational corp with thousands of doors, they all use leverage to create and maintain their cash flow. There are ways to be safe with it, and I'm not saying go balls-to-the-wall where 90% of your assets are tied up in debt, but if you are going into real estate with the goal of making FIRE money over the long term, it's impossible to do it without leverage.

>>19741621
>Debt is a financial tool

>>19738974

Lmao no way this isn’t a Zillow or Remax shill

Based housing shill

>>19740296
>property management fees
>for one house

Yes, retard. Enjoy your less than minimum wage rate for dealing with tenant bullshit, and higher insurance rates.

More than likely you're right now predictably upside-down with your retarded scheme, and you were hoping that someone here would assure you that your brilliant free money scheme WASN'T retarded from the get go and you're just unlucky

Unfortunately, it was retarded from the get go, and now we're all going to laugh at you.

The ONLY way to make guaranteed bank through renting is through slumlording. Buy up distressed properties at a discount, rent them to HUD for guaranteed bucks, give no fucks as niggers predictably destroy the property

>>19738749
Anyone have advice on renting out of state? I have enough money to buy a house literally anywhere in the US except where I live. Houses here average 1.2Mil

>>19740592
she's not so rich, her income was concentrated into a few short years and in a communist shithole like the UK that means nearly all of it was taken in TV license fees

>>19742422
>higher insurance rates
pic related. literally pay $10 more a month hahahahahahaha

rest of your post is retarded drivel.

imagine thinking renting to niggers for $800 bucks a month is a better idea than renting to white people for $1,600 a month hahahaha you're so god damn stupid its hilarious

you've already outed yourself as a fucking moron with the "insurance" thing. kys rentcuck

>>19738749
>Equity tenant building you
like destroying walls and carpets to the point you have to burn your property to collect insurance
lmaoing right now at my landlord

>>19742755
>what is home insurance
>what is a security deposit
my mind is blown @ how stupid you people are. im genuinely convinced most of you are 15 years old

>>19742718
>please god someone tell me I wasn't a retard
>$170k house
>whites

lmao you poor fucker, only 28 years to go!

>>19742857
>median household salary
Hispanic or Latino = $46,882
Black or African American = $30,555
.
.
.
White = $67,865

>implying niggers are going to be the majority applying to lease a $1,600 a month house
>implying even if they were stupid enough to, they would be accepted

god i love shitting on you stupid fucking rentcucks with facts and logic. you people are so fucking stupid and make it so easy.

https://www.pewsocialtrends.org/fact-sheet/asian-americans-indians-in-the-u-s/

>>19742987
>Crestview, Florida

lmfao

please, I'm now begging you, get into a 30-year debt contract to purchase that little house in Crestview FL, do it right now, you're right, you're a genius, it's literally free money

>>19743022
lol youre literally sperging out right now

>"pftttt you're making money THERE?! Crestview, Florida dollars are worth less than.... duahhh they're just worth less!"

>>19740927
I moved country and kept my house for if I ever came back. It's a $400,000 thorn in my ass, nets about $10k after ALL outgoings, so that's what 2.5% at best. If life doesn't bring me back to the house in the next couple of years I'll probably sell. Landlord is nonstop shit

>>19740310
It's a $400k house and my actual jobs pay me about $50ph... You seem mad about your excel spreadsheet not reflecting reality

>>19742422
I can not imagine being so lazy, stupid, and overall useless and irresponsible that you'd have to hire out a property manager for one house. are you 15 years old? that would make sense. otherwise you really need to stop posting here and reevaluate your life as you have other issues that need to be tended to...

>>19743047

you're so fucking stupid lmao

please, go there right now

>>19743155
>I can not imagine

I know, because you've never even met anyone in the industry and you can't do basic math lmao

>>19743151
whoa, cool. and im 19 years old with a million dollar McMansion making $420,000 a month at Burger King™ fucking the staff with my 14 inch BWC.

youre a /totalfuckingretard/ for thinking landlords pay $1,000/ year in """"admin fees""""

>>19743171
>Crestview Fl is the only state with natural disasters
>flood insurance doesnt exist
hahahahaha just keep digging your hole you absolute fucking retard

>>19739921
99% white township lol nice larp those don't exist anymore

>>19741583
>Hows the weather in Indiana?
Its comfy, just like the housing prices. I just bought a large house in the country with a couple acres for much less than $170k

>>19743197
I'm not the one so incredibly irresponsible and stupid that I couldn't handle one single rental.

pathetic.

>>19743228
>I'll just buy this rental property in Hurricane Bullseye Town
>other people are stupid!

dude I am fucking begging you to buy that house -- you are an absolute genius and I'm totally wrong. Go and get a mortgage on it right now, it's the bargain of the century, renters will pay you a fortune to live in it, it's literally free money lmao

>>19741072
>I've ever seen on /pol/
>/pol/
Go back.

>>19743259

The funny thing is you think you're winning this lol, whereas anyone else who even slightly understands the subject knows you don't

What do you value your time at?

>>19738749
Reminder to lurkers that OP is a faggot that makes this same thread, every day, for over a month straight. He is a child and a liar. He doesn't own real estate, and will never provide basic, time stamped proof that he does such as his loan with terms or his title. He will only ever shitfling and post pictures of random people's homes, google searches of loan terms he doesn't understand, or a random notary page with no context.

Buying a home can be the right thing for you if you're looking to put down roots for a family right now, but this is the top of an everything bubble. There are desperate bagholders looking to off load their only asset onto you before it drops 80% in real terms. Don't let this fag, or the other posts trying to 'shame' you into buying a house make you blind to the market reality.

>>19739997
lmao you guys watch too many YouTube videos, which is ironic because if you watched the right ones you'd know how a building works. PS. you don't call a contractor to your house unless you're adding a second floor you fucking dummy

>>19743265
in the last 50 years, there have been 3 category 2+ hurricanes that made landfall within 50 miles of West Palm Beach

source:
https://www.crestviewbulletin.com/news/20190902/florida-hurricanes-through-years

pftthahahahahaha you just KEEP getting your shit kicked in you absolute fucking moron

>>19739207
How do I profit off this?

>>19743321
>winning this
yeah, you've got to be in your teens.

humor me: explain what you think a tennant would ask of you as a landlord to do in a given year and explain why it would be financially beneficial to contact a property manager

>>19743363
>can't read
>others are stupid lol!

I keep begging you to buy that house, and you're arguing with me like I'm telling you not to!

I demand you be at the bank tomorrow morning, at open of business!

>>19743426
>landlords just cash checks!
>truly, theirs is a life of unimaginable ease and luxury! free money every 1st!

oh god lol, have you even moved out of your parents' (rented) house

>>19743457
sure thing pal, I'm on my way there now pftthahaha

>landlords just cash checks!
>truly, theirs is a life of unimaginable ease and luxury! free money every 1st!

you didn't answer his question (of course)

just look how you're acting. incredibly immature. there is absolutely no way you have your own place.

its one thing to be stupid, its an entire different thing to outright act like a child. youre a mix of both. youre literally sperging out ITT and when presented with an honest question, dodge it.

when you DO attempt to give facts, you get shit on with rebuttals supported with facts and evidence.

there is a 100% chance you reply to this with another child- like, low-IQ meaningless response. i take great pleasure knowing you're a loser irl. a weird, immature, celibate loser

>>19743590
>wild imaginings
>frustration and fury
>"facts and evidence" -- "i'll just mortgage a cheap tiny little house in a flood zone and make a FORTUNE off rent!"
>"weird that nobody else has thought of my genius plan!"

lmao just try to remember us little guys when you're buying that second private jet

>>19743644
>post full of irrelevant drivel
>makes ONE statement that can be rebutted
>and its STILL wrong
hahahahhahahhahahahahahahahhahahhahahahahahahahhahahhahahahahahahahhahahhahahaha holy fuck you cant make this shit up

>flood zone
>pic related is Crestview Florida

hahahahhahahhahahahahahahahhahahhahahahahahahah killlllll yourselffffffff

>>19738749
You can rent out an FHA dummy

>>19743789
you managed to be retarded, twice, in 7 words

amazing

>>19743766
kek, >>19743644 finally ran off with his tail between his legs.

I honestly bet he is still lurking this thread and will reply to this post. It would be the "child-like" thing to do lol

>>19743766
>still going
>there's never been any flooding in CRESTVIEW

LMAO

pic related "is" Crestview Florida

oh man, please, use every little bit of credit you can get and buy houses there, you're gonna be shitting on Bezos in six weeks

>>19743942
>phoneposting so you've got a friend

even better lol

>>19744172
>there's never been any flooding in CRESTVIEW
strawman

>pic related "is" Crestview Florida
and?

>>19744172
pftthahahahahaha
>A road is covered with floodwater from the Pecatonica River in Freeport, Illinois

>i was just pretending to be retarded

>>19744234

me: that's a flood zone
you: hur durr nuh uh durhur

the Shoal floods every time it rains hard bro, good luck with that

But, like I've said a thousand times now, go out and get that little house! It's gonna make you rich

>>19744273
>going for a ruse cruise in a flood zone

lmao the genius figured out why there were quotes around "is"

lord you're easy

>>19744304
so lets get this straight.

You say Crestview Fl is in a flood zone but provide no data and then purposely use a picture from Indiana as evidence?

>"this is what flooding looks like see! this is Flooriduh"

>>19744304
Crestview, 40 miles inland, is on the shoals?

its pretty obvious you're resulting to trolling since you tried and failed when engaging in adult conversation

>>19744304
guess schizoid's lithium finally kicked in lol god i love absolutely pulverizing you nerds on this site lol

>>19744402
>Crestview, 40 miles inland, is on the shoals?

the shoal river, which runs through Crestview and floods all the time, get off your phone and just stick to the one IP bro

>>19744358
>You say Crestview Fl is in a flood zone

it is, go buy that house and find out

>but provide no data
>and then purposely use a picture from Indiana as evidence?
>data
>evidence

lmao you seem to think I am trying to convince you of something, when in fact this whole time I've been insisting that you are exactly as smart as you think you are, and that you should buy that house in Crestview immediately and make a fortune off it as a landlord, in fact you're such a genius with such an excellent plan that you don't even need to google the town you're going to buy the property in to learn some basic facts about it jej

>>19744631
>the shoal river, which runs through Crestview
no it doesn't kek you're UNBELIEVABLE retarded

>>19744722

lmao you are gonna be so amazed when you get there

10920918029019 threads later and the housing shill is STILL dabbing on all the rentcucks

reminds me of the obamaleaf from /pol/ a few years ago

>>19744920
>effortlessly diverted into a pointless argument about rivers
>dabbing

lmao you can't even sockpuppet correctly

>>19744937
>"heh, i brought him down to my level"

the real joke is i make these threads to fuck with you retards. while you've spent the last 3 hours arguing with me to "derail the thread" you've been completely unaware you're fighting a proxy.

you're playing checkers in a chess tournament. and i think you're starting to realize it now you're being forced to be aware this thread is made every. single. day.

congrats kid, and thanks for your time :) see you tomorrow kek

>>19744998
>you've been completely unaware you're fighting a proxy.

lmao I've been pointing it out in every reply

>congrats kid, and thanks for your time :) see you tomorrow kek
>internet equivalent of crying and running away

lel I win again

>>19745020
>"s-shut up! I knew you were fucking with me the whole time!"

It it were this simple I'd be a real estate baron. 170,000 in my state is about the price you'd pay to live in the ghetto and quickly be robbed or killed.

>>19745038
>y-you were just guessing! you didn't know it was me! i ff-f-f-f-fooled you!

lol

>>19739207
Thought she was banking off that gamer bath water.

Those houses are between 200k to 400k pounds, the insanity.

>>19745062
>he thinks by "proxy" i meant using 2 IPs
pffttthahahaha you're incredibly retarded

>>19738749
What ghetto did you buy a 170k house in?

>>19745097
>btfo
>b-b-b-b-b-but

lmao

>>19739262
Lmfao my rent went from $1825 to $2009 in one year. $1450 to $2009 in 5

Get your math right.

>>19742619
I've rented out of state. I used a property management company. They charged 10% of the monthly rent and then whatever expenses come up, which is pretty typical I've heard.

>>19745126
>10% of the monthly rent

A little steep 2bh

>>19741621
>Fire money
What are you? A fucking Indian chief? I bet you start sentences with “My people say...”

>>19745122
>my rent
>anecdote
ohhh here we go again hahahaha you people are incredibly stupid
>"It happened to me so it applies to everyone!"
hahahaha jfc....