/biz/ - Business & Finance

>>55884815

whats wrong with this pic anon? Housing market always go up forever.

Holy shit, this is genius. I am gonna tell all my friends to do this, too! We're all gonna be rich!

I do have a rental property which pays more than the mortgage though, just vet tenants yourself and its easy mode. no niggers etc

>>55884815
>don't go on vacation
>don't take a mortgage
>groceries? nigga you eating out every meal..don't eat out
>don't own a vehicle
cheat code

They are 100% white trash

>>55884815
Imagine if they owned a parking lot tho, that’s generational wealth. That’s how you live… forever

>>55884815
Damn Mel and Dave are set for life! The wife and I are closing on our second rental unit in Savannah right now. She’s already picking her favorite counters to install after we renovate! Might flip this one after we refi next year!

Sent from my iPhone using tapatalk

>>55884815
>implying this can go on forever

>>55884895
rent free

>>55884815
> I'm a secret genius
> I can't even manage to stop eating too much
This fat fuck can't stay out the fridge.
He's weak.

>>55884912
what’s to worry about? we had a housing crash in 2008 and we fixed all that mess in no time and are back stronger than ever!

>>55884926
>i i i i its the portions.. yea thats it... it's not the canola oil...j j j just portion control!

>>55884848
B..b...but my crypto

How do I best go about this? I can use the VA loan for no money down. Just move places every 1 or two years? Can you take out a small business loan for a property management company?

>>55884815
if it was that simple and easy everyone would be doing it. my landlord constantly complains about her tenants to me. it's pretty funny. i wouldn't want to deal with that. best case scenario i will (((own))) a single house or condo. anything more than that is too much of a headache.

>>55884902
>im so filthy rich from a parking lot and if you buy my "online course" for $29.99 I will tell you how you too can be a top g nigger like me
People really fall for this...

>getting sunlight and air boosts testosterone
>we decided to live in some wood box sheds and became low test bitches over time

is housing the original scam?

>>55884815
Weird that vacations come before groceries and mortgage

>>55884815
>landlord bros

The reality.

>>55884902
>nigger calling himself a coach can’t even do 3rd grade tier math
>the same copy pasted elevator pitch
Yeah that’s a top signal

>>55884912
Renting has been going on for thousands of years. Unless somehow real estate crashes and rentiods can afford homes this will never stop.

Trust me I want it to stop, I want to be able to buy real estate instead of renting but I highly doubt such an opportunity will happen. The Jewish market manipulators hate us and want to see us suffer. At best housing market crashes like 50% but the flip side will be interest and mortgage rates will be sky high and still unaffordable to anybody that requires a loan

>>55885007
You buy property and other assets with crypto proceeds.
Good luck bootstrapping it in the real estate market otherwise

>>55885541
>Jewish elite and their token nigger shabbos goy.

it’s all so tiresome….

>>55885541
They all look the same

>>55884815
>Just tie up all your money in something like real estate bro
>What do you mean your tenant hasn't paid in 5 months?
>The roof is leaking?
>You can't afford the repayments on your 7% mortgage?
>You must be doing it wrong

I honestly couldn't think of a worse profession than landlord, I love it in theory but in practice it's so much stress and so much can go wrong and you're in control of pretty much none of it.

>>55885541
>old presidents on the walls bearing witness to what they've created

>>55884902
Someone tell me how they are getting 250k in business credit

It is a totally radical "cheat code" my dudes! Rock on!

>>55884815
How many of these over-leveraged faggots are about to be underwater?
>rates going up and staying up
>huge amount of apartments coming online
>deferred maintenance/waived inspections
>banks collapsing
the entire model is built around sky high prices, the moment these start dipping there's going to be a rude awakening. What percentage have ARMs?

Actual mini landlord here.

I inherited about 4 properties due to grandparents then parents passing.

All the rent money should go to maintenance and saving up for upcoming maintenance.

The value of having properties is that you can quickly do a reverse mortgage instantly from a bank and get your hands on millions like within a few hours as your properties are the collateral.

Then as time propagates the assets should raise in value, thus allowing more liquidity etc.

Burning through rent money yourself means you’re dead when one of the properties needs new water pipes, a new roof or some other expensive maintenance

>>55886002
Wish my grandparents did the same they lived through the 80s in germany you could buy houses for 80-100k today you cant get anything good for under 500k.

>>55884815
I think all of that income is going to eating McDonald's.

>>55884815
>rental property
>groceries
>$400/mo
Wewlad

>>55884815
It's simple bro just own at least four houses so you can rent them out bro

>>55886102
It's up to you to make the right decisions for today to help your future legacy, even if those that came before us didn't make the best decisions.

>stress free
>managing multiple properties
The 6th property pays for your wife's meth habit
The 7th pays for your perpetual rehabs

>>55884815
wait, which rental property or properties pay for all the taxes and management of all the properties? And are all these properties owned?

>>55886002
No, once your cash buffers are full and can pay for all that, you need to do something with your excess rent. Like buying another property or blowing it on dumb shit.

>>55884815
funny how they're so proud of being parasitic vampiric leaches

>>55885541
just lock the doors to that room. secure the windows form opening.
then set it on fire
problem solved

>>55885549
yep, god help us all unironically

>>55886002
>>55886243
That's a great plan to buy your 1st home (or move to a bigger home, or make any large purchase). The interest is deducted directly from the income, reducing your taxes without having to itemize. Just don't take out over 40-50% of the equity, that way if real estate falls, the bank won't call the loan. Several people that have worked their whole lives then come into money, invest in rentals to keep busy doing improvement projects.

>>55886245
t. wants to live on welfare

>>55885549
This. It's a brutal blackpill but I think it's one you have to swallow so that you can plan your life accordingly (as best as you reasonably can). The problem is we daydream about post WW2 America and see how different it was back then. Buying a house was maybe ~3x the average annual salary back then. Now in many places in the world a house (that's a fraction of the average plot of land someone had in the 50s) is over 10x the average annual salary.

The problem is the world was much simpler back then in almost every way: immigration policy was drastically different, to say the least. Manufacturing happened locally, services economy meme hadn't hit full swing yet. Gold backed currency. Social norms were radically different (single income households were the standard/accepted, feminist movement wasn't in the picture yet).

Compare that to the state of the world now that is unbelievably more complex, full of market distortions that are responsible for making shelter approach a luxury good. A system that has had this amount of complexity added to it can't simply go back. It's very, very difficult to unwind the insanity that has been added to this system. There's too much at stake now, too many vested interests who want to continue this trajectory.

>>55885541
oy vey, this is a shanda fur die goyim

>>55884815
I honsetly dont understand what point they are making.
So they spend several millions to buy rental property and then are glad they can pay for a vacation?

>>55885563
>their token nigger shabbos goy.
I'm pretty sure that's the Mayor lmao
A beautiful picture that describes perfectly the situation of Britcuckistain

i swear to god the world is not all real estate.. believe it or not, there are people out there who make plenty of money, own no real estate, are not landlords, have no plans to become a landlord, etc.

>>55886002
so i just need to take loan from my 1st house and buy another house to rent it?

>>55889543
no you need to inherit 4 houses from your parents, did you even read his post?

>>55884815
>not compounding

New money energy.

>>55884838
rental properties are both assets and liabilities
dividend paying stocks are closer to pure assets, and can function the same way (i have enough stock in oil majors to cover all my transportation costs, i have enough stock in utility companies to pay my utilities, etc.)

>>55885541
I work as a taxist and one of my clients 3 days ago was the man on the second man on the left, he went to an escorts party in the 5 stars mentemagno hotel from milan, then he did heroin in my car and then went about 1 hours in the casino of campione d'italia.

>>55890109
The hotel

>>55885111
Key is low maintenance cost buildings near all the amenities one would need typically such as public transport, shops and employment. Pair with a quality property manager in a real estate agency that values its rental rolls. That increases the odds of quality tenants and the overheads of this approach is tax deductible so I don't care.

>>55884815
I don't know man, if you want cash flow to cover daily expenses why not buy high dividend ETFs or stocks?
>you do not have to incur debt (aka become a slave for a certain tribe)
>don't have to deal with tenants
>no maintenance costs
>highly liquid

>>55884815
>just buy 4 properties and rent them, it's that simple dumbass

>>55890254
>Key is low maintenance
that key doesn't exist which is my point. maybe new projects like that exist but you will be bleeding money if you buy them in order to rent out.

>>55884815
I guarantee these people have rich parents. People like this are fucktard subhumans.

>>55884838
not if the global population starts declining and countries realize importing brown people is a bad idea

>>55884902
I guarantee the roi on parking lots is at most 6%. and then it's just playing monopoly with location. I'll take my bank CD, thanks.

>>55886245
you're on the wrong board fag.

the real problem is how gay these real estate courses are

>>55884815
So what, are they selling a course or something? Imagine "Mel & Dave University" like all the youtubers lmao

>>55884815
And these people will be wondering why the angry mob is dragging them out into the streets and towards the person with the razor sharp axe in the future.

>>55884815

I dumped 4 rental properties in the past 6 months before interest rates went up, now I'm sitting liquid. I have 2 left that are locked in at 2% until 2025.

Depending on their debt, they could get liquidated fast and become homeless. I was only making 9% yearly on my units once I paid property tax, maintenance, condo fees and vacancy times, that includes property appreciation and rental income. Which is gross, pre tax. I used the profit from my units to buy family farmland out in cash.

I think rates are going up to 10% and small real estate speculators are going to get fucked.

>>55884815
>its a cheat code to a stress free life
Let me guess, I just need to buy their class to find out how?

>>55892583
Simmer down chud, most Americans are homeowners, the only thing getting dragged is your puny body down the street after the hoa puts 6 ft under

>>55885777
They are not.

>>55892584
Yeah the days of leveraging easy money are gone for us presents. Its going back to what you produce or what service you provide.

>>55892584
Yeah the days of leveraging cheap and easy money are gone for peasants. Its going back to what you produce. Smart move on farm land.

>>55890396
Do you not realize that the US economy is hell bent on just importing more brown people?

>>55884815
The mortgage on your kike properties doubles and you lose your affluent lifestyle in the blink of an eye

>>55893723
>The mortgage on your kike properties doubles and you lose your affluent lifestyle in the blink of an eye

how would the mortgage double unless you voluntarily choose to refinance? What kind of retarded property owner, especially one who owns multiple properties, would get an Adjustable Rate Mortgage instead of a Fixed-Rate Mortgage?

>>55884815
>our
ngmi

>>55884815
>tenants wrench your shit
>insurance doesn’t cover vandalism

Guess you need 40 units.

>>55884815
Landlording is fine, but they brag and act like faggots by how they got lucky with 2% interest rates, they should lose it all. Powell hike to 10%.

>>55889326
Sounds more like poorfag cope

>>55885541
I hate kikes so much it's unreal

>>55885549
People don't understand that for most of human history private property was a privilege enjoyed by the wealthy class. There was a few decades in the 20th century where home ownership suddenly became a reality for middle and even lower classes but those years were an outlier and we are returning back to the norm.

>>55889058
do the elites think that making more people homeless is a good thing? that any kind of revolution wont happen?

>>55885777
i have learned about nigger finance (nigganomics) and they take out a small loan, create a shell company, then have the shell company pay them a salary, then they are able to take out a bigger loan because they have an income, repeat

>>55895393
The elites aren't ordinary and suffer from an excess of hubris

>>55884815
I have a 4 plex and a 6 plex. Its pretty chill ngl.

>>55895514
Any shitty tenant stories?

This could have been fixed a long time ago with laws.
>Any individual or couple may only own a maximum of two residential properties
>Corporations and banks are not allowed to own residential properties
>Corporations cannot ever be considered a person or individual
>Foreigners and non citizens are not allowed to own land or property in the US
>Absolutely no loop holes or shell companies or any other bullshit.

I don't give a shit about muh communism because we already have the worst parts of capitalism and the worst parts of communism. At least let us have some of the good parts of both. I'm sick of every boomer with 20 properties they bought with printed money in the 80s and 90s and retards with dozens of properties that they got with 2% interest and printed money

>>55884902
It's always niggers and chinks pushing this shit on instagram

>>55895561
Churchill was saying this shit back in the 1910s.

Doesn't matter. Kikes and misanthropes are drawn to being landlords and they feel no shame about it.

>>55890396
>realize importing brown people is a bad idea
doesn't matter, it's either that or natalism
anything else leads to the same conclusion: a dwindling young productive population being forced to work to support a proportionally increasing elder unproductive population
this is a death spiral that feeds into itself

the only possible alternative to prevent the death of a country that has no other way to increase its population would be euthanizing old people past a certain age

>>55895624
Natalism worked fine for centuries, millennia even, only since 1960s has social causes caused lowered fertility, mainly the decline of christianity and rise of careerist feminism. Women are always the bottleneck on babies. When they stop wanting family something is seriously sick with the society you live in.

>>55895585
wow what a wonderful person to quote
im sure by "landlords" he meant his own family of lordly descent or his rothschild backers, and not middle class people who happened to save up enough to buy some extra property

>>55884815
>owning 4 rental properties is a cheat code to a stress free life
yeah right

>>55890396
>not if the global population starts declining and countries realize importing brown people is a bad idea
You're assuming they are importing brown people for economic reasons when the actual motivation is ideological. The market has no bearing on it. They do it with religious fervor.

>>55890114
go on...

>>55885685
to make it work you need to have more than 1 property. it spreads the risk somewhat.

>>55885541
But which one of them is Mayor Torrance Harvey?

>>55895449
that feels like fraud

>>55885952
Hopefully all of them.

>>55884848
how much money to get started?