/biz/ - Business & Finance

>>30142706
how does it feel to be a drain on society

>>30142706
(You)
Here you go sweaty. So you don't die unnoticed.

>>30142706
>aunt is slumlord
>entire year profit was wiped out because tenant destroyed property
I’m thinking nope.

finally have my very own annoying black single mom tenant

she's a weird blend of annoying and entertaining

>>30142906

This is a people managing business. Screen well or pay the price desu. If you're going to target section 8 tier tenants you have to have a rigorous system in place to minimize your risk.

>>30142706
how did you get the money to buy your first property? (apart from your residence)

>>30142776
>>30142834
stay poor

>>30142977
Based and human-zoo pilled.

>>30143070
Any advice on how to do this? About to go make my gains comfy after the market tanks. Fuck mumus, I’m with bobo. Now excuse me while I turn millions of NPCs starving in the streets into dollar signs. Peasants deserve everything they get for making another bubble.

>>30143135

Buy a multi-plex with a low down payment thanks to owner occupancy, live in one unit rent out the rest, take that time to learn the ropes and build up some cash

>>30142776
first of the month come a little too quickly for you?

>>30142706
How much of a down payment (%) did you guys pay? I’m stuck in 5figure hell but have confidence in my portfolio. When I hit six figures I’m considering putting a down payment on a house/duplex and splitting it with someone for free rent. Thoughts?

>>30143070
She doesn’t have a choice. You have to take whoever the government gives you here.

>>30143327

There are A, B, C, D, and F classes of tenants. A's and B's are obvious enough, middle class professionals who will always make rent and take care of your property. C is more blue collar, D is shitty blue collar, they can occasionally give you issues and you may be dealing with some damage after they leave, F are shitstains who get evicted everywhere and trash places and are oftentimes on section 8 which, at the very least, is a guaranteed source of income.

If you're trying to target D's and F's, it is a market opportunity in that most people don't want to bother, but it is a science as I mentioned, they are shitstains and rehab/evictions are going to become part and parcel of your life, but if you have the resources and protocols to handle that regular turnover and repair you can make money that other's can't.

At this point in time I've been moseying along mostly targeting C tier properties where I don't have to worry about the tenants too much. The only pitfall is that I have to pay more for properties and that makes acquisition slow.

>>30143484

So she is a Section 8 landlord? Yeah that's a hairy business. I exclude them on my listings.

>im so done with from losing assets
>wish to die everyone who approaches me
>i see graphene AIRDROP soon
>i invest in PHR tokens and receive some graphene coins
>i get profit from sharding tech
>i fuck you all

>>30143895
Euro version of that, yes. Ultimately a parasitic pursuit and so I do not give a fuck if she gets record by her tenants.

>>30144053

I kind of feel the same way. I feel like I have an obligation to maintain decent places and in turn I screen for, at the very least, ok people. If you play in the mud you're going to get dirty, sounds like she was just greedy and unprepared.

>>30143613
I see, so not as comfy as I thought. But tard wrangling/manipulation has always been a hobby of mine so I think I’ll just try and enjoy it. You know, taking the bogpill and doing whatever the elites do to fuck over everyone else really works wonders on a stack.

>>30145089

If you have money you can hire PM's to do it for you for $100 per door per month. If your properties already have good margins it's worth doing.

>>30143374
i dont even rent you nigger,i also don't corner a market with my jewish trick,suck my nuts goldbergstein