/biz/ - Business & Finance

>reposting recent threads over and over

>>776901
>investing in real estate when it is in a bubble again

>>776901
Based real estate. 210% return on my 2 year old investment

>MUH 18% RETURNS
>not realizing RE is a part(or full)time job

I'd rather have a good career, invest in index funds and not deal with deadbeat tenants. Enjoy your 2% more gains than index funds with your illiquidity and 10+ hours a week.

>>777015
I like you.

the crash is coming, goyim. prepare your anii

>>777015

This fucker gets it.

seller's market

>>777015
Word.

Real estate could be a good investment

Plenty of smart people make good money in RE

However, I know enough to see that RE is so full of idiots like OP that they affect the market. Given that I don't want to put in the effort to learn RE well its best that i stay out of it, save for my personal dwelling.

I really want flags on /biz/. I want to see if OP is australian.

>>777015
18% returns
>ignore transaction costs
>Ignore 'one time costs' like replacing roofs

in before OP's response to the 'full time job' is hiring a property management company.

>>777015

The thing is, though, is that you can't be fired from that job. You can have your tenant move out, but you can always get new ones. It's about being your OWN boss. Enjoy having to slave away for someone you would rather see dead for the rest of your life.

>>777182

I'm actually American. I have a mentor who's been doing this for decades, so I'm not an idiot like you claim me to be. (gathering that only from one post much?)

I've been thinking about getting my license to cut down on the 3% closing costs. Also, replacing roofs can be seen either as a capital expenditure or a necessity. I know guys to hire for roofing, just like I know guys to hire for the rest of what rehabbing I could do for a house. Even if I did hire a property manager, I'd still have to manage that manager while looking to expand my business.

I do agree, like with the stock market, real estate can be very risky. I mean, after all, you can't buy a house unless you have 50k pretty much, and those are the bottom of the barrel. However, if you do your due diligence, have a good network in place, and have the patience and discipline to go through with it, it can be better than having some "career".

>>777015
also

>index funds
>16% returns

>He makes the same thread everyday on the business board of a Himalayan Hentai Trading Card Forum

>>777015
>all rental properties are inhabited by niggers

my mom rents out a house in an upscale neighborhood for $3200/mo to some dumbass yuppies that will probably be in debt forever. But they pay the bill on time every month. Dumbass faggot. :)

>>776901
Never invest in anything that eats or needs fixing.

>>777473
half the value is the damn land in most places in the u.s

Has anyone had experience with investing with projects of MC Companies or similar operations?
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=49583552

also, to the losers here:
Fallacy #1: It's a bubble/ buyer's|seller's market/ etc. therefore it's a bad investment

Credit exists. Therefore markets do not strictly follow the productivity growth curve, but dance around it due to leveraging/deleveraging phases. These phases can rarely be timed by enterprising investors (ex. hedge fund managers), and never by passives like you, so stop guessing phase timings because you're wrong. There are, however, portfolios that are structured to equalize risk across the phases. The term for these is "all-weather".

Fallacy #2: >>777015 Investors must personally manage their real estate assets, hold deeds in their name, assume legal risk etc.

There's a wonderful industry called asset management. There's also methods of investing in an asset class using another as a proxy, such as buying into a fund that invests primarily in your desired asset class. We all know that property managers are not real investors, and "investments" where outsourcing management isn't feasible are not investments. Let's move past this.

>>777497
Uhm... If you buy a fund, isn't that outsourcing the management of your capital? So, therefore, it's not an investment, by your logic?

>>777501
Read it slower
>"investments" where outsourcing management isn't feasible are not investments.
Outsourcing investment management is good. It frees up your time.

The mechanics of a fund automatically outsource all tasks for you. Good.
Hiring a management company to manage assets you own. Good.
Buying single-family homes in low suburbs where income can't offset management. Bad.

>>777512
Good post. Real estate (homes) is only a good investment if you pay cash for it.

And, you have to pay property taxes. Why not buy a royalty trust like BPT, make the same amount of money quarterly as "rent" on a rent house of the same value and...you don't have to deal with the stoner renting it and not paying the rent because he needed a new transmission for the Harley.

>>777517
>Real estate is only a good investment if you pay cash for it.

Except that isnt true. Right now i can get a fixed 30 year loan at 3% and 5 year fixed ~0.5%. thats almost nothing. In many cities, Huse prices will increase more than that each year. Also you can take the loan and invest your capital in stocks and gain more than 3%.

>>777517
>Real estate (homes) is only a good investment if you pay cash for it.
I really really recommend financing the living hell out of your real estate. Any type. The income you can make by leveraging should be much greater than the payments on the leveraged amount, or else it's not even worth doing.
Honestly maybe try to avoid single-families and buildings <~8 units. You can do an apartment building, get management in place, and still be able to finance the shit out of it to reduce your tied-up capital so you can rinse-repeat. A bunch of my friends do that.
I just stick to paper form because it's less moving parts for me to care about, even though their method rarely causes them headaches.

>>777435
>enjoy having to slave away for someone you'd rather see dead for the rest of your life

>not having a marketable skill that allows you to be picky about employers and having the freedom to jump from company to company around the country without being tied down by m-muh t-two house real estate empire

>>777471
>bring up having to deal with the occasional bad tenant
>>DUDE NOT EVERYONE WHO RENTS IS A NIGGER
I didn't say that, cocktaster.

You wannabe RE investors are autistic as hell.

>>777517
>only a good investment if you pay cash for it
Confirmed for not knowing shit
The only appealing thing to me about real estate is the opportunity to leverage the hell out of it inexpensively.

>>776901

>not riding the third wave tech vacuum

>>776935
>210% return on my 2 year old investment

try 32% per month

>>777531
>try 32% per month
Nigga u driv da feerrari sooon

>>777532

why would I drive a wanna be rich man's poor man's car

>>777512
Management only asks for about 10% of the rent... I don't think you know what you're talking about.

>>777549
> he thinks 10% is negligible

>>777517

You can put 20-25% down for a house for around 5%. This usually means about 200-400/m for principal and interest. then taxes, which is usually about 70 a month, then insurance, which is about another 100 a month.

you are ignorant as fuck.

>>777523
for single homes, im looking for either 2b1ba veneers or mobile homes on their own land and not in a park. my goal is to get into apartments using small families.

>>777524
>literally having to do what business owners do
>analyzing properties, forecasting revenue, keep check on legal risks
>this isn't something that would shine on a resume

>>777560
It's something i would not like to pay, but if I can still get a DSCR of 1.2 and a cap rate of 10% and a coc of 10%, I don't give a fuck.

>>777539
>autism

>>777549
Property management is one of the largest expenses in rental real estate investing.

Single-family home management also costs significantly more per unit of management. They also charge for certain tasks, and these charges come into play more or less frequency depending on factors such as the type of building, quality of school districts, and demographics.

For example, an investor with property in a low-crime, above-average income area will have property management that takes their cut, but due to demographics, the tenants are less likely to require an eviction, break the lease term, or relocate at the end of a lease.

Another investor with properties in high-crime, low-income areas with shit schools will attract tenants befitting of the environment. The property management will take their cut along with the charges associated with property damages, evictions, replacement tenant search, etc.. These tenants also attract more legal concerns, which the management company can often only go so far in helping with.

>>777565
I really hope it works out for you. Not something I'd do but just be sure you have management in place, your numbers are bulletproof and reflect probabilities of tenant problems etc. then go for it!

>>777575
>vacancy rate 10%
>maintenance rate 10%
>management rate 10%

It's actually not too bad. Again, though, the people I know, I can probably get 8% flat. That's why it pays to network.

i hope it works out for me too, because my housing market is the hottest in the country right now.

>>777584
>Again, though, the people I know, I can probably get 8% flat. That's why it pays to network.
how in the fuck. teach me

>>777586
im building a network on biggerpockets

>>777471
One way I can tell if somebody doesn't know shit about real estate is when they dismiss renters out of hand, and especially if they have a sense of arrogance about how much smarter they are for owning than "dumbass faggot" renters. biz has its share of rent/buy threads, and they may well be better off buying, but you really betray your ignorance to those in the know when you share those opinions.

>>777618
magnets
thanks!

>>777623
They're not renters, they're families.

>>777435
>so I'm not an idiot like you claim me to be. (gathering that only from one post much?)

your post was literally just ">not investing in real estate" with a pic of a laughing woman. You can only judge a decision based on what you knew when you made the decision, so I stand by it. Actually knowing what i do now I wouldn't change my stance.

Anyway, interest rates are are historical lows. Thats good for buyers but has the effect of raising prices simply because there is more money to buy with. When rates go back up, and they will, its going to depress prices, which should put a damper on anybody looking to jump into the market. There are cash buyers, but the majority of the domestic ones blew their load around 2011. The majority of cash buyers looking to capitalize on cheap real estate will likely come from overseas, which may or may not prop up prices.

Also are you paying for your 'mentor?'

>>777880
Real estate is an area where you can diversify your portfolio, either through active investing or inactive. (reits) Is that something you stand against?

My mentor is my nephews grandfather, so no.

I realize the risk of rates potentially going up within the next few years. (yellen says she wants to under certain conditions, which may or may not happen) Though, I'm not sure how much of an effect it will have on the local market. While it could dampen the market, if it's not as damp as the rest of the market, then the local market would be the better choice, creating more demand. (local market is hot)

>>777897
I'm not saying that you can't make good money investing in real estate.

I'm saying that somebody that gets a 'mentor' then runs to /biz/ to proclaim how smart they are will probably fail, or at least think they did better than they actually did by ignoring opportunity costs, repairs, transaction costs, etc.

I've been pretty impressed with many of the posters on /biz/ but you are not one of them. Its like that thing that happens every week on /pol/ where some high schooler reads Starship Troopers or Atlas Shrugged and makes a thread about it.

>>777929
Let me guess, the opportunity cost is put money into a vanguard ETF and walk away? Why would you say I'm ignorant transaction costs? Did you not read where I said I was thinking about getting the license to reduce those? I'm guess you have no reading comprehension. I know people to hire and know what they cost, even though I have a reserve for repairs and have a rule of thumb for how much of rent goes towards that.

Though, you could just be shitposting.

If you aren't buying buildings you need to kill yourself with your little shit house in some cookie cutter suburb.

If you can't buy a building make it beautiful and rent it out/JEW business owners and yuppies looking for social status, just buy a damn REIT.

Its always real estate types who come in talking about RE investing and the potential gains not factoring any kind of cost financial or otherwise associate with owning property.

New fag here.

Someone explain what a housing bubble is and why I shouldn't invest in RE

>>778545
Oh dear God, you've got a lot of homework to do.

>>777955
Good idea but REIT's have a lot of requirements to them.

>>778545
A housing bubble is basically where housing valuations increase rapidly to a point where it becomes unsustainable and then they suffer a decrease. For example, a neighborhood not far from where I live currently had homes that were listed for over $500k back in 2006ish. Now they can't even get up to $400k.

You're all a bunch of plebs, FARMLAND is where the money is at. Don't deal with shitty tenants and housing bubble is irrelevant. Only thing you gotta worry about is drought and commodity prices. Obviously farmers in Cali are fucked, but man they we're rolling in the dough with it until the free gravy train ended. Take farmland over residential any day.

buy some land, but some land, yo FUCK spinnin' rims.

>>778653
>Real estate market crashes
>Buy farmland
>Convert it into organic-ready farmland during recovery period
>???
>Profit

>>778653
then what is a good agricultural use of my land that provides a good return with small risk?

i.e. which agricultural commodity to farm?

>>777015
10 hours per week... bullshit. Maybe if you own a few hundred houses. I own 5 single family homes right now. I go for several months in a row where all I do is check my bank account for rent deposits and pay 5 mortgage payments. I'm pulling about $3k every month after expenses.

Try about 20 minutes a month.

>>777448
also

>real estate
>18%

If you're talking about ONLY capital gains, index funds beat real estate as an investment. If you're talking about having a second job and renting, that might be a different story.

most basic passive index fund portfolios don't include reits in them. is there a reason why? should there be reits in them?

>>778758
They can't pick a good REIT and there are other places to find similar yield without the "muh bubble" fear.

>>778758
>>778760
Aren't REITs included in those broad market ETFs?

>>778761
Yeah, and REITs are now their own category in the S&P 500, so some are included in the index funds such as Realty Income and Equinix [both recent (good) additions to the index]

>>777015
Dunno how it's like where you live, but here I just rent it out. There's these businesses which handle everything for me. They seek out tenants, ensure that they pay their rent, pay me even if the faggot tenant doesn't and see to it that my property is properly cared for and that it will be returned to me in the exact state they got it. They get like 10% of the monthly rent and I'm way too happy about paying them. It's like they're the actual owners but I'm reaping the all the benefits. Buying up real estate is like getting a free raise and I can always sell the property and buy better ones if I want to. It's like I'm my own boss and am constantly finding new ways to increase my "salary" (passive income)

It's fucking retarded how good this shit is

>>778775
a million times this

every real life business owner I know also owns multiple rental properties

- car dealership owner
- insurance agency owner
- real estate agent (multiple)

they all have their primary business, but they own a few rentals on the side.

>>778775
Never never never invest in anything that eats or needs fixing. Ever.

>>778822
I deliver the property to the company, they take pictures of everything and some things which can't be photographed are measured and specified on the contract.

Done. They're now contractually obligated to deliver the property to me in the exact shape they found it. And they actually accept the contract, the madmen.

>>778826
>Pictures and measurements
>exact shape the found it in

Professionals never hire property management companies. If they do hire a manager they put them on salary and work closely with them. Property managers are experts at doing shoddy work to maximize their profits, often with kickbacks from shady contractors. If you think you can sue them think again, they've been sued plenty of times and the fact that they're still around means they're experts at writing the contract to suit them.

Its generally difficult to have positive cashflow from rent in the same market you bought in after factoring in upkeep, much less after PMs take 10%. If you do it means that rents and property values have increased since you bought.

Many people, some in my family, lost almost everything when falling prices dragged their 4 houses underwater. Real estate attracts amateurs because normal people often find themselves with 300k more in net worth than they had three years ago. Of course, by then the chances of other people entering the market seeing the same gains are unlikely, and if they do either the market is very unique or something is wrong. I've no reason to doubt that the people in this thread are making the money that they say they are, but based on their posts its luck because they don't have a good grasp of why they are making money. In a bull market everybody thinks they're a genius.

>investing in real estate right before the rates go up and the nascent market crashes again

>>778953
Amen. I work for a real estate investment company that's growing our brand nationwide, so we work with managers and distant contractors by necessity. It has never ended well, even with our most loyal sales agents watching their asses.

Most of the time, we end up with a contractor that won't pay the subs or does shitty work in some far-flung state, and we're just over a barrel then.

>>778653
>>778746
Is starting a tree farm a good idea? I doesn't require real farmland but it's land nonetheless.

>>778967
i had a coworker who owned land in Arkansas and logged it every 20 years. They generally require very little input, even for christmas trees where
'farming' is essentially walking around with a gas powered hedge cutter and shaping them into a cone (unless you're growing noble fir which are just beautiful by default).

Logging would be hard to make an income off of unless you have lots of land, the cycle between harvests is too long. Generally its just a way to make a few thousand dollars every decade and a half off of your cheap hunting land. I've heard christmas trees can be profitable though. I love christmas so it would be cool to work in the industry.

A good book to start research would be "investing in land" by robert abalos. Its out of print and used copies are about thousand dollars, so heres a review/summary: http://www.johntreed.com/Abalosreview.html

>>778971
Great post, man. Thanks.

I'm really put off by the idea of Christmas tree farms though because my old wrestling coach owned one and was a total dick. Just one of those things. I'm pretty sure he made some good money off of it though and had a smooth transition into retirement.

what are some good dividend stocks

>>776935
>iktf

> bought one apartment in the beginning of 2013 so now exactly 2,5 years
> put down 20,000€
> now have 100,000 loan left and it's worth about 165,000€ so a modest 225% on my initial investment
> rent has paid for everything

>Bought my first apartment back in 2008
> Loan left 40,000 and it's worth 250,000
> No money down
> Again rent has paid for everything

>>779017

>>778653
I'd rather do commercial than farmland. I don't like farms.

>>778998
This is the real estate thread, not stock thread. If you want to invest in stock related to real estate, invest in some real estate companies like ReMax or Keller Williams.

Any Australians here? 2015 looks like it'll be the year when the housing market crashes. Maybe it'll even drive a few boomers to suicide - hopefully.

>>779147
Maybe for your country, Abbo.

>>778751
>Maybe if you own a few hundred houses.
I manage a 200 unit housing association.
It is a full time job. We also have 2 full time maintenance and 2 part time. They are also lazy fucks and I would fire all of them if I could.

>>779258
>200 unit housing association
Why does this scream "Section 8" to me?

>>776901
Tfw my father bought my childhood home in New Orleans in the 90s for sub 200,000. Due to not flooding after katrina, land prices rising, and historical value it's now appraised for 1.6 million. He refuses to ever sell it

>>779297
Is it on the National Registry of Historic Places?

>>779357
It will be in a few years, there's a huge gap in age of homes it goes the age of my house roughly 150-100 years in age, then 80-50 years, and then 20-recent. In a few years it'll be up for historical registry. It just happens to be at the tail end of the oldest homes around.

>>778963
>>778953

Huh? My experience has been very positive. I have never, ever had to sue them in years of doing business with them. They're the ones who sue people (tenants), not me. Repairs aren't on them; they make the tenants pay for it by contract. Which is how it should be. I don't have the time, the money nor the patience to take some low class fucker to court just to get him to pay for goddamn repairs of my property, but these managers, they got all the time in the world just for that.

So basically, the entire thing falls on the tenant's shoulders. I get paid whether or not he pays the managers and I'm completely shielded from the consequences of whatever he does. I've seen this working out for me in practice. It's just asinine how well it works. Honestly I don't even remember how much those manager guys charge; I'd pay those guys more money if they asked for it. They make me way too happy. It's as if I had a money printing machine that worked 24/7 and used tenants as fuel, was operated and maintained by skilled people (that I pay for) and could likely be sold later for more than I bought it for. This shit should be fucking illegal.

There's a reason having these managers taking care of my property means it will unoccupied for quite some time; people would rather fuck me over directly than deal with these sharks. Here, if you're a landlord and you do business with random people, getting fucked over is guaranteed. People know getting what you want out of them via the justice system is painful. Using the management services fucks these faggots in the ass. Good riddance. Fuck those people.

And the tenant is still perceived as having the "upper hand" here when it comes to power due to the rights afforded to him. The effect this service has though is that the tenants that end up renting your property are so good they don't actually need to exercise those rights.

You guys are in America, correct? I suppose all this stuff works differently here.

>>779576
What country are you from?

I just assumed you were american because you didn't announce it. Taxes and laws make such a huge difference in real estate that you really need to know what country/state you're in in order to judge any particular action or strategy.

>>776901
>not putting 8-10% of your portfolio into REIT Indexes/stocks

ITS FREE MONEY

>>776901
im guessing you're the type of person who would have invested in real estate in 07

>>779605
This, I think, is why I come to /biz/.

>>779576
Sounds cushy. What country would this be in?

>>777015
Assuming you aren't using a property management company and you rent to niggers.

>>777435
don't let these fuckers get you down, remember, this is 4chan. the brats on here only wish they had the ability to manage their own lives.

keep on keeping on

>>779576
>not in America

I figured as much. There was no way an American would have this good of a time with rental properties.

What country are you from?

>>779258
It is a full time job If you manage it but that'd be stupid to do if you're the investor. Just hire a property management company to do it for 8-10% and all you have to do is live life and collect checks for the most part.

>>779823
anon 1: I'm a property manager for a 200 unit HOA
anon 2: Nah man just hire a property manager, they take 8-10% and you can just sit back and collect checks

>Own 3 family homes worth ~$250k
>Rent is about 1% of the property value
>Property management company takes care of literally everything for 10% of the rent
Grossing around 80k each year doing fuck all. Best money I've ever spent.

>>779576
This anon gets it. Dutch too?

Is this mostly a US thing? I can't figure out how to make it work in my shitty Eurofagland, for example a 40-50 square meter apartment costs 60k euro, and you can get 250-300e/month for it if you rent it out. How can you profit off of it if you haven't inherited like 5 apartments?

>>780138
Yes, I think so. Many countries have prices way out of line with rents.

>>778961
single family homes might crash, but people will start jumping on condos.

>>780138
that's called socialism, anon
I suggest moving to the land of freedom

>>780064
>>779749
>>779625
>>779590

Brazil. Yeah, try and imagine what your typical hue is like. Now have him as a tenant.

It's a shitty third world country, but it seems I have found the one hole in the system I needed in order to thrive. Not sure if what I said applies to every part of this country but that's how it is like in my experience, and my father's experience too. People I've met have rambled on and on about how they hate the real state managers and how they have to pay for everything, so that must be their experience as well.

>>778971

Nah just grow baby trees for landscaping. My dad does it with some farm land we own in NC. Plant baby live oaks and other desirable tree species in rows and then sell em in a couple years for $50-100 a pop when they get big enough. Keep a good rotation of sizes growing so it's steady cashflow.

>>778653
Fucking hicks, man. So much gold in them. Hotels and Motels man. Knew some Texan family that scored a fixer upper hotel just outside Indianapolis. Set off about 30k profit per month before reno finished. 6 months of hard work. b/c super bowl was coming to town. Fixed 200 rooms or so in that time. prior owner financed the purchase SBA financed the reno. super bowl happened 300k profit in one month. indi 500 hit that summer. most loans paid off. Refi out added value. for a cool million.
the kicker cost them 200k down.
Throws off 50-60k a month now, indi 500 every year. for bonus money paid off refi in under a year. Laughing like thieves in the night.

>>779274
depends man I've seen them in great communities.
Doesn't to me. if section 8 monkeys could associate and vote while not being drugged out of their fucking mind, I'd see your point but its not there. most are barely literate.

>>777531
What are you invested in? If you don't mind sharing with someone who still knows fuck all

>>780138
You can't make it work with one house period. This is a business and there is a stability point. It as it happens that point is about 4k per month. That will cover pretty much any repair in any one unit every month. below that you have serious structural risk to your income.
Every month a stupid tenant doesn't blow up the house is gold. also there's serviceamerica which has been a fucking huge time gainer for my investments. I don't have to go replace appliances or deal with warrantys at all. dumbass tenant breaks something they come give em a new one and refurb the old one for some other tenant in their system.

>>780761
Well, to get 4k (let's say 3500euro), you'd have to buy at least 10 properties worth 60k... which is absolutely ridiculous. I can't believe it actually works that well in other countries, you people are lucky as fuck.

>>780683
HUEHEUHEUHEUHAEUHAUEHEUHAE

BR?

Nah, but seriously. I'm happy for you, putting together a nice life for yourself in a country where I figure it's not easy to do.

this thread needs a bump

I am also smiling because of how I didn't invest in real estate OP

how does one build an apartment complex to last the test of time

>>782465

Mfw great uncle left me three fucking shit tier houses.

Catch is they are all within 1.5km within my cities CBD. I'm going to sell those fuckers in a decade.

>>776901
>paying for utilities
>paying for maintenance
>paying insurance
>paying property tax
Keep thinking like a baby boomer, goy.

>>784316
>tenant pays for utilities
>tenant pays for part of living maintenance
>not protecting your asset with insurance
>not having property to pay taxes on

Keep thinking like a goy, goy.

>>776901
What if I can't afford property and no one will give me a loan for 100% of the value?

>tripfag
>laughing girl opening pic
>1 line green text
Jee great thread OP.

how about renting commercial space? businesses acting as tenants should in theory be better than housing tenants right?

>>784345
>he still thinks he'll make more than in other asset classes with muh real estate

>>784398
Go drive around and let the "for sale /lease" signs tell you

>>777015
How do i index funds?

>>784473
I'd definitely wager that it has a higher rate of return if you're good at it than a lot of asset classes out there.

>>784589
I'd definitely wager you're completely wrong. Even shit like gold has outperformed real estate over the past 15 years. But eh whatever works for you.

>>784601
you do realize that the gold bubble recently popped, right?

When people talk about real estate as an investment, they mostly mean commercial. Residential is a fucking nightmare if you don't live in a area that doesn't have landlord friendly legislation. Eviction is easily a 6mo-yr process in my area, if the tenant knows how to work the system.

Why not buy commercial real estate and operate your own brick and mortar business out of it?
Not very interesting, but it should make the business much more stable. You'll stay in the black longer in bad times, etc.

>>778967
Do solar.

>>776901
My parents paid off their mortgage this way and made around $975k from doing it, but you need a lot of money to do this. My parents could afford putting down payments on houses in some of the best neighborhoods going from $850k+ and then they'd sell it before it even hit the market. Not impossible but you'll definitely need money and connections to do it.

>>784706
thankfully I live in an area where the eviction can be legally dragged out if executed properly to a max of 30 days. i also live in the most landlord friendly state i think

commercial can be just as much of a nightmare as residential, if not worse. ive read many, many, many bad stories and have witnessed first hand some fucked up shit done to properties.

>>784757
you can also get into mobile homes, though a little different than just a few years ago thanks to the safe act. you dont need hundreds of thousands of dollars to get started, but making connections will help you make your money

Scandinaviafaggot if youre reading this give me some advice

>live in california
>want to buy apartment complex
>wtf 900k minimum for 4 units
>what possibilities should I consider if I want to buy an apartment complex in the next 5 years.

bump

I live in California and I have about 25000 bucks saved up. What kind of options do I have to get into real estate out here?

>>785610
Depends on income and savings.

What interest rates can you expect ? Also calculate net cash flows

>not investing in Monero

real estate is a "good investment" only because its babbys first leverage. if you leveraged SPY 5 to 1 at 5% you would earn far more without having to plunge toilets

>>785899
enjoy your margin call