/biz/ - Business & Finance

>>49726032
I'm looking for a way to put some money to shorting these absolute assclowns

>>49726120

>>49726032

QRD?

>inb4 its just a gully

>>49726500
https://twitter.com/WallStreetSilv/status/1537495219821748227

>>49726792

>talks about number of rentals and total value
>cash flow from rentals not mentioned
>debt amount and type not mentioned

Really activates the almonds.

>>49726032
Who loaned these people money? How did they get this level of access to capital?

for me, its ben mallah

https://www.youtube.com/shorts/e9Uo76SEqxQ

>>49727179
They are using collateral from inventors and seller financed. They are doing a really shitty deals that are leveraged to the moon. It's creative financing that will blow up in their face with house vales plummet.

>>49727179

But real estate only goes up.

>>49727179
They leverage one house to buy another

>>49727367

lmao what is this wizardry? Do banks not check when you use a home as collateral when you don't actually own that home?

Um, sweetie, there will be no crash. See pic related.

>>49726120
FAZ
DRV

>>49727429

these guys don't use banks

>>49726998
Almonds you say?

>>49727443
What a fag haircut

>>49727316
until it goes down

>>49726032
doesn't mean anything tho, literally everyone is on a fixed-rate mortgage now: no ARMs, no sketchy traunching, and no more no-doc liar loans. the crash won't cause a crisis.

>>49727538
What are the margins of being an absentee land lord for apartment units worth 100k each..

>>49727467
>FAZ
>financial bear

>>49727469

But you never answered the question. Where do they get this kind of access to capital?

>>49727443
imagine caring what a woman has to say

>>49727179
PPP

>>49727658
https://www.youtube.com/watch?v=vFZ7NYcB18w

Watch this video and you will understand. No w2, no tax report, no income verification. etc..

>>49727658
they use the accumulated principal on the house for the downpayment of another. In a rising market this allows them to extract the difference between the value of their current mortgage and the market value to buy another property.

>>49727479
She got LYNCHED

>>49727179
No one. None of this shit exists and if it did he wouldn't have time to fuck around on tiktok.

>>49727658

the other guy mentioned a few ways, seller financing, hard money loans. they might be using banks in a refinancing scheme, the standards are less strict once you already own the property and have shown income from tenants

>>49727573

depends hugely on the area, i could find some 10%-15% near me a few years back but prices have gone faster than rents here so its down to 5%-7%

>>49727799
>>49727801

Holy shit. That only works if the market is continuously rising. The fucking split second your cash flow stops and you can't offload properties at a profit it all fucking falls down.

These niggas about to get JUSTed

George Gammon Talking about investors backing out of Real Estate Deals: https://www.youtube.com/watch?v=uKhBAiySoSU

Investors are giving up their guaranteed down payment that equal to over $1million dollars to back out of deals right now because of future cash flow.

>>49727577
>repeat of 2008 banking crisis
>not betting against financials

>>49727799
>dustin rosenberg
reality really is clown world
>>49727923
I found the FNAF reference entertaining, strange how it's literally fazbear

>>49727799

Of course it's shitskins trying to game the system into collapse.

>tfw sold my house along with all my stocks and crypto in december

>>49727279
Lol I have watched so many videos of this guy. Almost have to admire him for being such an utterly shamless turbokike slumlord

>>49727443
>market crash would be bad for buyers
Love laugh love, we are all in this together. If it goes down it's bad for you, because.
Jfc female brain incapable of basic rational tjought

>>49726032
The weird take is
Eviction moratoriums were actually introduced to protect real estate. To avoid a domino effect crash.
If all rentcucks suddenly moved out during covid it would cause a gigacrash.
With current property taxes and skyrocketing utility bills, the landlords would get absolutely JUSTd after few vacant months.
> t. Both rentcuck and rentlord

>>49728515

he is the real deal unlike these tiktok larpers

>>49727443
I can't wait until these shitheads are living out of tents

>>49727913
>muh low inventory
>muh immigrant population boom
>muh this time it's different
It's going to be way worse this time

>>49729807

The weirdest part is that boomers and other shitheads will keep denying it even after it's completely obvious that it's happening.

These guys are leveraged to the fucking tits lmfao

>>49726032
>No one learned absolutely anything from 2008 except for the fucking banks
Is this an argument against democracy?

>>49727367
>Structuring your investments like a game of domino toppling
Lmao

How bad is this one going to be boys?

>>49729807

Its not gonna crash anon. Keep wishing it did. You will be outpriced forever. Housing market won't crash.

>>49727443
>housing climbing faster than wages
>wages buying less necessities than ever
>it's different this time
kek. soon.

>>49728817
I love how he makes fun of his mexican wife who he met when she was 12 lmao

>>49730222
Berry

>>49730297

Its different this time. Enjoy being outpriced.

>>49730236
>>49730931
Strong top signal

>>49727799
>>49727889

Quick rundown?

>>49728411
Smart, sold my rental then as well

>>49731669

They're basically creating a self-perpetuating cycle by taking a loan out for a rental property, and then using the verification of income from that property as collateral to get another loan for another rental property. From what these guys are saying they're doing it into the hundreds of millions.

You can rapidly acquire a huge amount of property but you are so highly leveraged that ANY shift in the market exposes you to an immediate collapse of everything.

>>49732062
>You can rapidly acquire a huge amount of property but you are so highly leveraged that ANY shift in the market exposes you to an immediate collapse of everything.
So it's like a game of chicken to see who can time the top basically? Or do they not even realize there are tops that will liquidate them if variable rates go up?
Actually if they have fixed rates isn't this totally fine as long as tenants continue paying rent?

>>49727279
He’s based and sleazecore pilled

>>49727658
Hard money, cash out refis, HELOCs, loans against stocks, there’s lots of ways to get leveraged and hard money doesn’t show up on a credit report.

>>49732126

Sure in theory. But any failure for a tenant creates a domino effect.

>>49732338
Well you'd be insulated from them failing to pay due to a necessary rent increase because you wouldn't have to raise the rent.

>>49726183
>Stay Humble
>Stay Hungry
I won’t be satisfied until this douche is living in a box and actually starving.

>>49727281
but how does one come up with 332 million dollars to own 4000+ properties? how the fuck does that work? i can't even get access to a single one

>>49732532
leveraging aka magic

>>49732532
Prob using 1030 exchanges which allow you to sell a property tax free and defer the payment of taxes by rolling all the profits into another deal.
Just google 1030 x or 1030 exchange

>>49727443
every time

>>49727443
So delusional. These are the types of people who sip their wine and wish to rearranged the deck chairs after the Titanic hits the iceberg.

>>49727443
imagine the kind of person that takes a womans advice on the market lol

>>49727443
Seeing shit like this almost makes me await the coming age of blood and iron happily. Not because I think I’ll last long or “succeed” within it, but that I’ll have the brief opportunity to watch kike girlbosses physically suffer and get what they fucking deserve.
Too many have gotten away with too much for too long without ever paying any consequences for their actions. And I wish them a grand summer of ‘20 floyd nigger parade on steroids to come and burn them alive inside their bloated, rent-hacked, inflated McMansions when the rot of this third world country in disguise finally exposes itself.

>>49733433
dangerously based

>>49732532
I highly doubt he has 332M paid off equity. More like he is just BRRRing 5% down 30 year mortgages using existing rental income as proof of income.

>>49733433
checked for based

>business and finance forum
>how dare these guys make money!
Ah, the /biz way

>>49730136
Thats exactly how people got mega rich with property in the last 20 years

>>49733969
It's also exactly how they'll lose it all in two.

>>49733283
Another dumber white woman id imagine

>>49733939
Literally no one is mad at them we are just pointing out how obvious of a top signal this is and how hard real estate is going to fall due to how many people are in these same situations

>>49726032
Rent is still being paid. They bought for 2.5-3.0%. They're in zero trouble.

>>49726183
>>49727281
>>49726032

they all look dudebro af

>>49727179
Rich parents to start. Then they just keep leveraging more houses to buy more. Capital builds capital

>>49735441
>2.5 - 3%
Not if they're commercial deals which is anything over 5 units.

>>49727281
but let's just say they owned the properties outright, would a housing crash be so bad? I can't fathom why owning a lot of property could possibly be a bad thing long term.

>>49726032
>>49726183
>>49727279
>>49727281
What is realistically stopping someone from serial killing richfag landhoardes?

>>49726032
Whoever has a variable mortgage OR is looking for house flips is getting fucked. These people prolly got fixed, and if they rent out it should be fine.

But if they look for buyers, or have variable rent it will be a bloodbath.

>>49726032
How many of these gentlemen have foreskins do you think?

>>49727281
oy vey

>>49732532
Start off with a rich parent giving you a small loan of $1 Million to buy a starter house.

>>49736279
How many have hair?

>>49735893
Anyone good enough to actually pull it off is probably mega rich themselves from their blood money, already on five watch lists, or glowing.
But with all the kids playing Hitman nowadays, you never know if we'll get that one in a billion autist.

>>49726120
there are inverse REITs

>>49732532
>>49732532
>>49732532

they arent saying they have that in cash, they are saying that all the property they own costs that much. These guys are likely heavily in debt. 10million bro probably probably 9.5million in debt. 500k cash in liquid and 500k home equity.

>>49732532
They're leveraged to the point that if they're not sweating and having constant sleepless nights with the housing market teetering, then they're just retarded. The second their lender hits them with a margin call due to falling values, all that property just becomes liabilities. You also don't get long term fixed rates on the kind of debt they're smoking so the rate increases are going to start eating them alive.

How long until OpenDoor layoffs begin?

>>49727179
>Who loaned these people money?
Their local synagogue

>>49732974
You can only perform a like kind exchange every 7 years

He is lying

>>49726032
owns $78k per average house unit he has
average house unit in US is $374k

This guy is leveraged for 80% of his wealth
he only has 20% collateral for all his houses

>>49727443

Is that Mrs. JUST?

>>49727443
I'm getting this printed on a poster and put it on the wall

>>49729807
> muh demand
niggers like to pretend that there wasn't ALWAYS demand for housing, and that it suddenly shot up in the last 2 years

>>49730222
awful
and it won't show up where you're looking
the ponzis of 2022 are not the ponzis of 2008

most bull posters are using the metrics from the 2008 ponzi to say that there is not going to be a crash in the 2022 ponzi

doesn't work that way

It's worth losing it all just to watch these pieces of shit getting flushed out.

>>49732372
Assuming the tenants can afford the same amount of rent in a big recession.

>>49726032
>>49726183
>>49727281
They keep misspelling *owed*?

>>49733878
Ding ding ding, it's this

Should I start the process of getting pre-approved for a home loan for when it crashes, /biz/?

Okay but what are the chances these guys took out fixed rates? Surely people wouldn't be retarded to get variable? Or is this nothing to even do with that?

>>49733433
> loser on childrens cartoon forum has gay revenge fantasy that will never happen, posts it on childrens cartoon forum for some reason. more at 11!

>>49733433
Basedness on a level never before seen

>>49740437
prob better off getting a loan to buy crypto