/biz/ - Business & Finance

Rental property is a great investment if you know what you're doing.

An idiot who has no capital, has lots of personal debt, doesn't have any experience with real estate, and takes out loans to buy rentals, will be bankrupt in the blink of an eye though.

>>320654
It can be done with mortgages on the rentals. You just have to get the at the right price in the right area. You will have to cover the mortgage but the property should still be cash flow positive if done right.

I think the best way with residential rentals is with multifamily units.

How about a land in philipines near a beach? 3k USD to buy concrete home 2 rooms. A coal plant around 1 mile away. town center 1 mile away. Davao del sur far away from city.

I know that there are people who frecuent /biz/ who have rental properties just wait till they appear, polite bump

>>320546
>>321140

Nigger what the fuck are you even asking?

I'm of the general consensus you need to ask a question that can be answered.

Asking, "What is the general consensus about rentals?" Is like asking, what is the general consensus about blue? Or what is the general consensus on sand?

Nigga idk. It's fucking blue. Also, sandy. WTF!?!?

>>322543

This thread is still alive.

Op asked a question and I gave him the the universal objective truth about real estate in the first post

>Rental property is a great investment if you know what you're doing.

>>322553
>universal objective truth
Nigger you wont full plebian if you think such a thing even exists.

To prove you wrong, even if you don't know what you're doing, but have the money to hire a manager, it can still be a "great" investment.

Furthermore, clearly, if OP knew what he was doing he wouldn't be posting in this thread.

Finally, "great" doesn't mean fuck all. Is it great because it is easy? Is it great because it has huge returns? Is it great because it is low risk? Some of these? All of these? Another definition of what is "great"?

It's surprising that your lack of communication hasn't somehow managed to get you killed in today's world.

>>322570

You're dumb as fuck and just proved my point

Knowing when to call in an expert means you know what you're doing. I answered OP's question exactly as it was presented

Don't cut yourself with all that edge there NEET

>>322581
>I answered OP's question

You didn't answer shit. You wrote a sentence so vague and useless that anyone who even gave OP's question merely a cursory consideration would have come to on their own.

Here, much like in the rest of your life, you've contributed nothing useful.

>>322633

>>322581
>>322640
>>322553

>>322646

>>322656

>>322543
>>322570
Learn to talk

>>320546
My old man has a lot of rental properties but only buys commercial properties since he thinks that you're more likely to have a bad tenant in a rented house who will fuck shit up secretly and when the lease is up just leave you with tons of debt. Also you'll have to redecorate constantly in order to attract new tenants. Whereas commercial properties, the person who takes out the lease will want the place to look good and will do the decorations their self since it's "their place"

>>323533
That's good advice. There is a small property, not even 2 miles from my house, that could be rented out to at least 2 commercial tenants.

Any suggestions as to find tenants? I suppose you'd have to find a good realestate agent with connections and your biggest contribution would be upkeep of vital utilities and structure and, obviously, incurring the risk and having the capital to float out the mortgage for months where you don't have a tenant.

General consensus?
I've heard this website and their community recommended:
https://www.biggerpockets.com/

Make sure you account for vacancies, and understand that it's not "free" money. You don't suddenly own lots of property, and make bank. There's management and upkeeep expenses, whether you put your own time and body into it, or hire it out.

>>323587
Buy ad spaces in local papers and on websites such as gumtree/craigslist.

Get cheap multi family units. Cost as much as a house but you get two or more rents out a single property. Build up your portfolio until you can get entire apartment buildings.