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/biz/ - Business & Finance

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1828043 No.1828043 [Reply] [Original]

Red pill me on real estate

>> No.1828049

Its ok passive income if you hire and budget for a management company. If you go the solo rout... good luck

>> No.1828108

i cant find anything for a good deal unless I pay cash...and who really wants to tie up 200k or more in some shitty place giving them a 3-5% return..

>> No.1828114

>>1828108

An investment isnt a solid idea unless it gives return in 10 years or less. No investor outside 401k guys and local branch associates invest at 5%

>> No.1828123

>>1828108
Don't do it unless prices are going up where you buy. Home appreciation plus rental income makes it worth it.

>> No.1828135

>>1828123

The real issue is places in the US where home value has no connection to rental price. For example in downtown Chicago, a 1 bedroom apartment with a view of a chick typing all day 20 yards from you, is going to run around 3500-4500k a month in rent. The mortgage on the same place might be around 900-1100 including taxes. Knock 15% off for a big name management company, and it makes sense.

Go to far western Illinois and a house (the bigger one in the neighborhood) might only rent for 300 a month and have a 250-350 a month mortgage with taxes. Of course this makes no sense. Everyone else falls somewhere between