/biz/ - Business & Finance

>>56915743
You usually can’t finance houses that cheap because they need work. If you’re buying them cash and fixing it yourself then yea it’s a good plan

>>56915743
Get a job you fucking leech those houses are meant to be bought by newly weds and college kids after getting their first real job

>>56915743
no because the only cheap houses are in area where there is no job market.

>>56915743
Depends on how handy you are. If you are paying people to do all the repairs on them (you will have way more repairs than you think you will have) the costs add up quickly. Also it depends on how close you are to the houses to keep an eye on them. If they are towns away it makes keeping up with them way harder and people are more likely to pay you and not fuck you over if you are their neighbor rather than you are an outsider. Also dont rent to blacks, mexicans, or pet owners. I learned the hard way. My family owned rentals and i bought my parent's when they retired. It is a lot of work and not easy or passive. Good luck! Also i am in MN if that helps anything.
>lower rent on single fathers and raise it on single mothers

>>56915793
death to rentoids

but seriously have you ever considered the fact a large portion of the population isn't ready or willing to buy a house and would rather just rent?

more rentals on the market means cheaper rents, retard

>>56915824
Nobody would rather just rent. Seriously fuck yourself you evil piece of shit.

>homeowner supporting a wife and 2 girls

>>56915824
Make your money a different way. Start a business, get a skill, bust your ass, sell shit, pimp whores, stocks crypto whatever. But stealing from the future of families and society is utterly fucked up, Jewish leech.

>>56915743
Type the word “Yahweh”

>>56915861
>Nobody would rather just rent.
Really?
People would rather refrain from consuming other things and save a bunch of money for 1-2 years to afford a down payment?
People would rather pay MORE money each month in mortgages, utilities and maintenance than simply paying a landlord a monthly fee?
People would rather stress over home repairs than not have to worry about any of that shit?
People would rather be tied down to a property for years instead of having the freedom to just pack up and go to another home?
People would rather risk their home losing equity and be potentially forced to sell at a loss?

Clearly this isn't true.
Why do you want to take away people's freedom of choice?

>evil piece of shit.
lmao I love how economic illiterates always accuse others of being evil.

>>56915908
>But stealing from the future of families and society is utterly fucked up
Good thing I'm providing homes rather than stealing, you low IQ retard.
I bet you think people that rent out tools are evil as well.

>>56915824
My area is flooded with empty rental houses apartments and condos yet the prices are the highest they've ever been. Explain?

>>56915978
>My area is flooded with empty rental houses apartments and condos
Source?
Last time I checked, the "empty houses" thing was a myth leftists created because they don't understand how the data works.
https://www.youtube.com/watch?v=RYWDdwX7ERI
https://www.youtube.com/watch?v=evYOhpjMql0
https://www.youtube.com/watch?v=3xZXdXxYBGU

>>56915743
Big (((private equity))) scums just beat you to it

Even if you were able to buy it. You’d end up renting to people who will be late on rent. Refuse to pay. And tear up your shit when you get evicted

I am close to moving to a low col area. At my salary I can only rent in my area but in other areas I can buy a house

>>56915743
>I want to rent houses were rent is dirt cheap and renters are broke ass jobless bums
shitty plan op

>>56915786
Why would the bank care if it needs work or not?
>>56915820
Even with all those things its still a good way to make money right?
>>56916066
>>56916617
I have the same mindset and it's gotten me nowhere. Time to take some risk

>>56915977
>Good thing I'm providing homes rather than stealing
You should have said you built/financed the construction of those homes yourself if you didn't want people to get the wrong idea.

>>56917198
What if I am buying from someone else who built or financed that home?
All that means is someone who built it gives it up and someone else gains it, it's a net neutral like nothing happened.

>>56915743
Kill yourself

>>56915743
Being a landlord isn't "passive income" despite what you're led to believe. Prepare to deal with a lot of shitty deadbeat tenants.
Better alternative is to just invest in REITs and let some other schmuck manage the hard work.

>>56915743
>>56915743


If your not a nerdy dweeb rent it to people who want to run a trap house and tax them hard.

>two meth head couple
>I know your selling meth here deal cunts your buying only off me from now on or I'll shot your stupid fucking dog and rape ya bitches pooper
>Drop them off Oz of meth
>getting $300+ a day

>>56916953
The bank doesn’t care if it needs work, they care if it’s insurable. Insurers care if it needs work…

Kek my ex rented her (extra townhouse that she owned) to a negress. She didn't call me to help her find a (white, or asian) Tennant, oh no, she engaged a 'professional licensed realtor' fucking lol seriously. And he or she brokered the 'rental agreement' between my ex and the negress.

As far as I know, the negress never paid a single monthly rental payment, she just took over the house as if she owned it, and my ex just gave up and stopped paying the mortgage.

God only knows if the bank ever kicked out the deadbeat negress or if they just let it slip through the cracks, those mortgage notes were being traded dozens of times then...

>>56918750
Oh I see

>>56918751
Nice larp

>>56915908
>Make your money a different way. Start a business, get a skill, bust your ass, sell shit, pimp whores, stocks crypto whatever. But stealing from the future of families and society is utterly fucked up, Jewish leech.
I agree. At least Japanese know not to be Jewish with their housing for now

>>56918775
100% true. Happened in the halfway between Baltimore and DC area, a pretty new townhouse development. It was somewhat near the airport if i recall. I had brokered her first tenant for her a white family, but they split up and he had to bail. Being white, he stayed in contact, only skinned us for about 3 months, and left without damaging anything. By the time she decided to look for a new tenant I guess we had split up and she wasn't calling me for stuff like that anymore...

>>56915743
I think it's better to just get into multifamily properties if you have the capital to buy multiple individual homes.

>>56915743
Better off buying condo units in areas where there is jobs and getting a property manager

>>56915743
>less than 100k
This basically doesn’t exist outside of the absolute worst nigger ghettos

>>56915977
Implying all those "extra fees" are not priced into the rent above just covering the mortgage as well considering people are financing just to rent to others

>>56915743
fuck renting residential units anon
rent commercial units to buisnesses
you'll earn more money

>>56918782
>At least Japanese know not to be Jewish with their housing for now
lmao Japanese has the most lax landlord laws. It's a paradise being a landlord there.
Almost no zoning laws, no rent control.
Gee I wonder why rent is so cheap in tokyo.

>>56915820
>i bought my parent's when they retired
holy fuck your parents actually SOLD you their house? and not left it to you as inheritance? what scum, i'll never bad mouth my parents again lmao

>>56915743
scum

>>56915743
>t.

>>56921379
seething rentoid subhuman

>>56920465
>rent commercial units to buisnesses
>you'll earn more money
lol

>>56915743
No, unless you're going to live next to those houses.

Just buy REITs

>>56915743
I'd say it's a good idea, but take your time to fix the places up and make sure they're up to code, amd understand that for very cheap properties this will likely double your initial cost. Broken window fallacy is real. If your rental looks like dogshit then you will end up placing tenants who see it as such. You need ironclad background checking (they pay) and to ideally meet them personally.
If you're just going to buy several properties, >>56918825 is really sound advice. Just buy a complex or a duplex and rent out the units. Much more stable and brings cost of management down. You can hire one or two maintenance people to fix things for you round the clock if multiple rentals are at the same address. That is the path I would take if I had 500k sitting around.

>>56915743
not really. one bad tenant and you are fucked. multi family has redundant backup tenants in a way. also maintaining 1 building vs 4.

>>56922679
commercial rent returns around 10% a year