I purchased 20 apartments at age 21

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I purchased 20 apartments at age 21 Anonymous Mon Jul 31 13:43:02 2017 No.2917589 [Reply] [Original]

This morning I closed on 20 apartments. I'm 21.

Ask me anything about making money, saving, real estate, business, etc.

>pic related, girlfriend walking through one of the units with me

>>	Anonymous Mon Jul 31 13:44:39 2017 No.2917596 >>2917589 Bro, your girlfriend has a baby bump. Guess you have other exciting news to think about.

>>	Anonymous Mon Jul 31 13:45:37 2017 No.2917603 Your girlfriend is kinda fat

>>	Anonymous Mon Jul 31 13:45:44 2017 No.2917605 >>2917596 >>2917589 remember, it takes a real man to raise a child that isn't his

>>	Anonymous Mon Jul 31 13:45:51 2017 No.2917608 show us the signed and verified bitcoin address or are you an inheritance junky

>>	Anonymous Mon Jul 31 13:46:00 2017 No.2917610 how much did your daddy give you?

>>	Anonymous Mon Jul 31 13:46:11 2017 No.2917611 She's kinda fat but damn your retarded you can't even live in 20 places at the same time like what the fuck Hahahaha

>>	Anonymous Mon Jul 31 13:46:28 2017 No.2917612 >>2917596 LMAO, OP better prepare for divorce and losing half his stuff

>>	Anonymous Mon Jul 31 13:46:58 2017 No.2917617 You'd best live in that apartment in your pic OP because >dat many outlets

>>	Anonymous Mon Jul 31 13:47:10 2017 No.2917618 File: 77 KB, 674x670, 1481190678029.jpg [View same] [iqdb] [saucenao] [google] >>2917589 I'll ask the question then How'd you do it OP? also your girlfriend is either pregnant or needs to put down the beers.

>>	Anonymous Mon Jul 31 13:47:12 2017 No.2917619 >>2917589 >she's wearing no-show footies with those flats so as to avoid foot funk you've got yourself a keeper

>>	Anonymous Mon Jul 31 13:47:13 2017 No.2917620 Your girlfriend has a nice ass. I'd love to fuck her. Put more pictures of her.

>>	Anonymous Mon Jul 31 13:47:46 2017 No.2917623 Damn, a child. Well, your life is over then. Enjoy the joy of your 20 apartments now before everything becomes one long journey of nightmare and regret.

>>	Anonymous Mon Jul 31 13:48:46 2017 No.2917631 >>2917589 Your gf kind of chubby

>>	Anonymous Mon Jul 31 13:49:07 2017 No.2917634 >>2917589 Replace the carpet with something brighter.

>>	Anonymous Mon Jul 31 13:53:07 2017 No.2917649 dont get married

>>	Anonymous Mon Jul 31 13:56:52 2017 No.2917672 >>2917589 Gross op. Sell those apts and buy a new gf

>>	Anonymous Mon Jul 31 14:00:59 2017 No.2917700 >>2917589 >Ask me anything Everyone just tells you your gf is kinda fat. Why would you even post a pic of her online idiot

>>	Anonymous Mon Jul 31 14:02:19 2017 No.2917708 >>2917589 a woman that's slept with over 4 dudes it's 50% divorce rate i'd say from the pic OP your women is at least 15 dudes deep so in reality you have 10 aprts

>>	Anonymous Mon Jul 31 14:03:13 2017 No.2917712 You inherited that shit. That's not an achievement.

>>	Anonymous Mon Jul 31 14:04:23 2017 No.2917723 >>2917589 First of all, good investment with the inheritance money. Second of all, that gf is looking r o u g h for 20ish years old. Either get her to a gym immediately or consider an upgrade holy shit.

>>	Anonymous Mon Jul 31 14:04:41 2017 No.2917727 >>2917603 >>2917611 >>2917631 >>2917700 She isn't fat, she's pregnant. I'm 95% certain of this. I'm also 95% certain it's a boy.

>>	Anonymous Mon Jul 31 14:04:48 2017 No.2917729 How do you even live in all those apartments at the same time?? Lel you fucked up kid didn't think that through I bet

>>	Anonymous Mon Jul 31 14:05:02 2017 No.2917731 FAT A T

>>	Anonymous Mon Jul 31 14:05:46 2017 No.2917735 >>2917589 >tfw no belly gf

>>	Anonymous Mon Jul 31 14:06:04 2017 No.2917737 congrats on the bby OP wait youre white, correct? i hope youre not some shitskin defiling our women

>>	Anonymous Mon Jul 31 14:07:36 2017 No.2917747 File: 8 KB, 301x497, 1363492772564.png [View same] [iqdb] [saucenao] [google] >>2917589 I would never take the advice from a guy with a fat girl friend.

Anonymous Mon Jul 31 14:10:52 2017 No.2917767
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>>2917618
My girlfriend isn't pregnant. Unfortunately she's kinda chubby. She's from Poland and isn't used to the fatty American food.

I never went to university. As soon as I turned 18 I began selling insurance (health & life), targeting the senior market (65+, Medicare). I lived with my parents & saved every penny. I worked nonstop. No friends. No drinking. Very rarely dating.

In 2015 I purchased an office building for $150K cash. This year I had another ~150K saved up. I got a commercial loan (7 year term, 25 year amortization, 5% interest) for the other 80% (total 1.3m) and I found this complex. It took about 7 months from first seeing the property until closing (today).

After EVERYTHING is paid for (taxes, insurance, mortgages, repair fund, property management) I'll STILL be cashflowing approx. $2,500/month. This is before I increase any rents and before I lower any expenses.

$2.5K/month is more than I spend in a month, so now I am officially financially free and retired at age 21.

>pic related is my girlfriend and my Australian shepherd puppy

>>	Anonymous Mon Jul 31 14:10:53 2017 No.2917766 I think you mean 10 apartments, the other half is going to her and your wife's son

>>	Anonymous Mon Jul 31 14:12:16 2017 No.2917779 >>2917727 I'm certain she's both pregnant and fat.

>>	Anonymous Mon Jul 31 14:12:30 2017 No.2917782 >>2917767 nice job anon. People can learn a lot from you. doing it the right way

>>	Anonymous Mon Jul 31 14:13:12 2017 No.2917788 >>2917589 all memeing and shitposting aside, good work kid

>>	Anonymous Mon Jul 31 14:13:32 2017 No.2917789 File: 74 KB, 900x599, op's girlfriend.jpg [View same] [iqdb] [saucenao] [google] >>2917767

>>	Anonymous Mon Jul 31 14:14:07 2017 No.2917797 >>2917767 OMG anon, she's adorable! and the girl's allright too.

>>	Anonymous Mon Jul 31 14:14:30 2017 No.2917798 >>2917767 >>2917789 joking aside, good job

>>	Anonymous Mon Jul 31 14:15:24 2017 No.2917802 >>2917767 do you invest in any stocks or crypto?

>>	Anonymous Mon Jul 31 14:16:11 2017 No.2917805 >>2917589 How did you meet a Polish GF and bring her back to the states? I've thought about doing this exact thing in the past 6 months but never did it. Just go? Help OP.

>>	Anonymous Mon Jul 31 14:16:31 2017 No.2917807 >>2917767 do you have a job that can pay the loan on a 1.3million?

>>	Anonymous Mon Jul 31 14:17:28 2017 No.2917814 >>2917767 Congrats on not being a mouth breather. And god bless your heart if youve dated that face over a year.

Anonymous Mon Jul 31 14:18:20 2017 No.2917820

>>2917767
Kinda ugly for someone who owns 20 apartments
You must not be the best looker

Well good for you.
Not sure I can really be impressed since the average family and person can't do what you did due to financial or networking limitations.

Consider yourself lucky to have a good family.

>>	Anonymous Mon Jul 31 14:19:51 2017 No.2917829 >>2917589 nice paunch

>>	Anonymous Mon Jul 31 14:20:52 2017 No.2917833 >>2917767 good job OP congratulations now get to work and knock up your gf ASAP you are white, arent you?

Anonymous Mon Jul 31 14:22:55 2017 No.2917844

>>2917798
>>2917788
>>2917782
Thank you

>>2917802
No. Stocks are a rip off. Real estate is the way to go.

>>2917805
We met on omegle.

>>2917807
If needed, yes, my insurance career. But the rent will cover the mortgage + all expenses and I'll STILL be making money.

I'll be back later today. Gotta take care of some business.

Anonymous Mon Jul 31 14:22:56 2017 No.2917843
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>>2917589
This is why you never post your girlfriend or even mention that you have one.

Even if your grilfriend is Audrey Hepburn, she will get critiqued.

My girlfriend btw.

>>	Anonymous Mon Jul 31 14:23:58 2017 No.2917851 >>2917833 Yes I'm white. And I plan on having 6 kids.

>>	Anonymous Mon Jul 31 14:24:19 2017 No.2917854 File: 863 KB, 714x802, 1500203912670.png?__cf_waf_tk__=107255002BxDqpyRhg8YNz0udx6cCXCuKR8Y.png [View same] [iqdb] [saucenao] [google] >>2917767 why do polish women have such square faces?

>>	Anonymous Mon Jul 31 14:24:28 2017 No.2917856 >>2917844 >Omegle Wew lad. Well, congrats on the gf and the baby.

Anonymous Mon Jul 31 14:25:14 2017 No.2917863

>>2917767
>$2.5K/month is more than I spend in a month, so now I am officially financially free and retired at age 21.

Wait... 20 apartments with everything paid off only nets you $2,500 a month? That seems extremely low. Although I admit I know nothing about it.

>>	Anonymous Mon Jul 31 14:25:31 2017 No.2917865 >>2917851 >6 kids 12 kids

>>	Anonymous Mon Jul 31 14:25:50 2017 No.2917867 >>2917767 >retiring on 25k/year u wot

Anonymous Mon Jul 31 14:25:51 2017 No.2917868

>>2917851

fantastic
financially responsible, hard working and family oriented
we need more people like you OP
but wtf are you doing shitposting on 4chins?
go and beat that pussy up RIGHT NOW
if you havent banged her at least three times today you have no business being on here

>>	Anonymous Mon Jul 31 14:26:54 2017 No.2917874 >>2917863 Dude, he's cashflowing right off the bat with real estate. That's fucking good. Neutral/no cash flow but no losses is even good at the very beginning. He set up the deal very well.

>>	Anonymous Mon Jul 31 14:27:56 2017 No.2917876 >>2917868 This. Go SMAAAAAAAASHHHHH that pussy and save the white race already.

>>	Anonymous Mon Jul 31 14:28:22 2017 No.2917877 >>2917767 I would like to see your girlfriend suck my cock. How much?

>>	Anonymous Mon Jul 31 14:29:41 2017 No.2917879 >>2917877 degen be gone /biz/ is a family friendly board dedicated to the 14 words your filthy perversions have no place here

>>	Anonymous Mon Jul 31 14:31:01 2017 No.2917890 >made 150k cash in a year Okay

>>	Anonymous Mon Jul 31 14:31:25 2017 No.2917894 >>2917727 Ok congrats OP you win now tell us how you own all these properties and pay people to manage them without it being a pain in your ass. Also initial investments came from where? Also why the fuck are you impregnating your gf at 21

>>	Anonymous Mon Jul 31 14:31:28 2017 No.2917895 >>2917879 Shut up. I'm trying to do business here.

>>	Anonymous Mon Jul 31 14:32:06 2017 No.2917902 >>2917611 >your >retarded Fucking idiot.

>>	Anonymous Mon Jul 31 14:32:12 2017 No.2917903 >>2917890 >Pajeet's mind is blown

>>	Anonymous Mon Jul 31 14:32:47 2017 No.2917910 >>2917879 We have yet to see OP's degenerate and faggy face that plan to spread autism across america.

>>	Anonymous Mon Jul 31 14:32:56 2017 No.2917911 >>2917877 >Those lucky 7's Looks like you won't have to drop a dime

>>	Anonymous Mon Jul 31 14:33:27 2017 No.2917915 >>2917903 Kys

>>	Anonymous Mon Jul 31 14:34:04 2017 No.2917919 >>2917903 >>2917890 >150k in a year Yes, I'm projected to earn that much this year as well. Not even memeing

>>	Anonymous Mon Jul 31 14:40:10 2017 No.2917951 >>2917589 Do you have any resources where I could learn about real estate? I've always been interested in it, it seems a lot more solid fundamentally than stocks or crypto shit, but I don't really know anything about it.

>>	Anonymous Mon Jul 31 14:42:34 2017 No.2917962 >>2917767 Damn you must have some impeccable credit score great job op

Anonymous Mon Jul 31 14:43:01 2017 No.2917964

>>2917951
Biggerpockets.com is excellent, I recommend listening to their podcasts on YouTube (just type in biggerpockets podcast).

For specifically multifamily (which is apartment complexes 5+ units, what I prefer) I recommend listening to "wheelbarrow profits" podcast, also on YouTube.

Also the book "wheelbarrow profits" which is excellent if you're new to real estate. Good luck!

>>	Anonymous Mon Jul 31 14:44:05 2017 No.2917970 >>2917856 you gotta secure the marriage somehow. in 2 years, op might only have 10 apartments.

>>	Anonymous Mon Jul 31 14:46:17 2017 No.2917984 >>2917767 >he had 150k at 18 ok stopped reading there.

>>	Anonymous Mon Jul 31 14:46:24 2017 No.2917985 >>2917964 Thanks man and good luck with you shit. I wish I didn't fall for the college meme.

>>	Anonymous Mon Jul 31 14:47:57 2017 No.2918000 21. Made 70k this year saved 65 where in the states do you invest? Cheapest house is 400k west coast (OR). Midwest? How did you find the property? And how did you get 1.2m loan with no history? Private money?

>>	Anonymous Mon Jul 31 14:49:07 2017 No.2918009 >>2917589 How is this /coin/ related? MODDDDSSSSSSS!!!!!!!!!!!!!!!! Off topic

>>	Anonymous Mon Jul 31 14:49:09 2017 No.2918010 >>2917984 As an insurance salesman

>>	Anonymous Mon Jul 31 14:51:27 2017 No.2918025 >>2917727 Nah dude look at her arms, she's fat and you're delusional

>>	Anonymous Mon Jul 31 14:52:28 2017 No.2918036 >>2918025 that's rude

>>	Anonymous Mon Jul 31 14:53:11 2017 No.2918040 >>2917589 No you didn't. You're just a larping faggot who just moved in the new apartment you will rent monthly to a landlord.

>>	Anonymous Mon Jul 31 14:53:15 2017 No.2918041 >>2918000 > Made 70k this year saved 65 you should have paid more than that in taxes alone, tell us your secrets

>>	Anonymous Mon Jul 31 14:54:48 2017 No.2918052 >>2917767 Aussies are top tier dogs.

>>	Anonymous Mon Jul 31 14:55:36 2017 No.2918061 >>2917589 nice, I just bought 100k

Anonymous Mon Jul 31 15:01:36 2017 No.2918112
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>>2917589
hi Op congrats on closing escrow on 20 units. however if by chance you see this post i can tell you that 2,500 return on a property value of 1.3 is shit. sorry trying to be nice here. i own about 25 complexes all 30 unit + . now you need to ask yourself why was this on the market for 7 months? also 5% loan holy hell i hope you are joking you should be around 4.3. i will say for being 21 congrats however i feel it as a LARP DESU since 150 down on a 1.3 million property is not enough down for the curent market. most companies are asking for 40% down but hey you do you. if you got questions ill be here

>>	Anonymous Mon Jul 31 15:03:44 2017 No.2918129 Don't really believe this story but I hope you and your gf are happy OP :).

>>	Anonymous Mon Jul 31 15:05:01 2017 No.2918139 >>2918112 Nice. Got any advice for someone just starting out? Shoestring etc. Seems like AirBNB is the only option for plebs like moi

>>	Anonymous Mon Jul 31 16:32:48 2017 No.2918715 >>2917767 >eating fats makes you fat

>>	Anonymous Mon Jul 31 16:33:53 2017 No.2918721 >>2917727 I can tell by the bump that that's a black baby

>>	Anonymous Mon Jul 31 16:34:04 2017 No.2918724 >>2918715 >fatty food It's an expression, dingus. And yeah, eating ANYTHING makes you fat, so eating fat does indeed make you fat >inb4 autistic pedantry

Anonymous Mon Jul 31 16:35:08 2017 No.2918733

>>2918139
yes, get some knee pads. jk . but for real its tough. if i was starting out again with lets say 20 k. i would like for a market that is cheap, but you can see its moving. at least this way you will be able to sell the property instead of sitting on it for years. TLDR go to cheap markets that moves do some touch ups paint and shit add some gay ass trendy feature put on the market try to make 5-10 k partner up with a real estate agent so mad gains

>>	Anonymous Mon Jul 31 16:51:53 2017 No.2918858 >>2918733 >20k this is even doable?

>>	Anonymous Mon Jul 31 16:53:15 2017 No.2918873 >>2917596 Tyrone's Seed

>>	Anonymous Mon Jul 31 17:02:18 2017 No.2918950 >>2917589 Real estate is stupid. You'll get even in ten years if you rent every single month. Only afterwards you'll get any profits.

Anonymous Mon Jul 31 17:05:04 2017 No.2918968

>>2918950
>Real estate is stupid. You'll get even in ten years if you rent every single month. Only afterwards you'll get any profits.

>Buy house
>rent it
>make 2k per month from renting it - fees
>sell house for higher than I bought it 6 months later

I swear to god this has to be the downright most retarded board on this entire website. You people are mentally disabled.

>>	Anonymous Mon Jul 31 17:05:15 2017 No.2918971 >>2917727 Pregnant women don't have to get fat

>>	Anonymous Mon Jul 31 17:08:01 2017 No.2918988 >>2918968 It's clear as day that you've never owned an apartment/house or maintain it from your own pocket alone. Unless you rent luxury apartments, it's a shit business.

>>	Anonymous Mon Jul 31 17:08:32 2017 No.2918993 >>2917767 >20 apartments >$2,500 a month WHY BOTHER WTF??? THIS MUST BE B8

>>	Anonymous Mon Jul 31 17:11:22 2017 No.2919012 How long since you started saving did it take you to purchase your first compared to the time between 20 and 21?

>>	Anonymous Mon Jul 31 17:14:23 2017 No.2919036 >>2918950 >buy real estate in a place that builds real houses and/or doesn't have hurricanes and floods every other month >it's still there 10 years later WEW

>>	Anonymous Mon Jul 31 17:18:01 2017 No.2919060 >>2917767 Good job, man. Now that your finances are in order, when are you going to upgrade your gf?

>>	Anonymous Mon Jul 31 17:18:34 2017 No.2919064 >>2918858 yes, Anon. you just need to do some research find a market where u see properties moving in a cheap region point is to sell it and make some profit so you can snowball

>>	Anonymous Mon Jul 31 17:24:23 2017 No.2919100 >>2919060 Implying 2.5 k a month is not minimum wage

Anonymous Mon Jul 31 17:24:40 2017 No.2919107

>>2919036
Make that 20 when you consider local, state, federal, sales taxes, insurance, mortgages, interest, repair funds. And guess what, after that many years you're also getting obsolescence, which means that you're going to sell for less than you initially bought it.

>>	Anonymous Mon Jul 31 17:28:53 2017 No.2919141 >>2919107 I forgot to mention the six figure debt too, since I doubt that you have close to a million dollars laying around.

Anonymous Mon Jul 31 17:32:36 2017 No.2919167

>>2917767
>2.5K cash flow
>good on 20 units
No offense man but you sound like you're in over your head. Hope you have a lot of cash on hand in case you need to spend a bunch on maintenance/upkeep one month or if you have vacancies. Good luck.

>>2918968
Back to OP's situation, he wouldn't even make up the finance charges on a 1.3m mortgage let alone broker fees in 6 months unless the market exploded with appreciation. I suspect you have no idea what you're talking about.

>>	Anonymous Mon Jul 31 17:36:41 2017 No.2919203 File: 6 KB, 180x191, 1290704757696.jpg [View same] [iqdb] [saucenao] [google] >>2917611 >>tfw managing 20 sets of wageslaves and having to deal with his girlfriend's neverending annoyance over his crypto portfolio

>>	Anonymous Mon Jul 31 17:55:34 2017 No.2919325 >>2917596 No she just fat

>>	Anonymous Mon Jul 31 18:11:11 2017 No.2919454 >>2918988 >Unless you rent luxury apartments, it's a shit business Is this because you can avoid low-class tenants? I assume that is the sole reason.

>>	Anonymous Mon Jul 31 18:13:27 2017 No.2919476 >>2919064 The only properties I've ever seen for $20k are formerly black owned (...) in Detroit and are good for maybe the lot and that's it

>>	Anonymous Mon Jul 31 18:17:00 2017 No.2919499 >>2917589 does ur gf serve fries with that shake? ofc she does. she lives for fries

>>	Anonymous Mon Jul 31 18:25:09 2017 No.2919569 Canadian plumber here. Need any help with those heaters?

>>	Anonymous Mon Jul 31 18:29:38 2017 No.2919606 >>2919569 top fucking kek

>>	Anonymous Mon Jul 31 18:31:10 2017 No.2919621 >>2919476 well i gave you info on how to start making money with the little that you have. if you have around 100k the story changes.

>>	Anonymous Mon Jul 31 18:32:16 2017 No.2919631 >>2917843 Skinny ass bitch. What are you, a low test faggot?

>>	Anonymous Mon Jul 31 18:32:51 2017 No.2919640 >>2919621 I mean where would you find anything even vaguely profitable for 20k?

>>	Anonymous Mon Jul 31 18:39:48 2017 No.2919698 >>2917767 >2500 a month if you guys are going to keep living like 20 year olds for the rest of your life that's fine, but throw kids into the mix and you'll get fucked by the costs unless you get extra jobs or the cost of living increases near you.

>>	Anonymous Mon Jul 31 18:45:06 2017 No.2919733 >>2917876 OP forgot to mention that he's black..

>>	Anonymous Mon Jul 31 18:51:51 2017 No.2919766 >>2917589 I have 100k. What should I be doing and how should I be thinking?

>>	Anonymous Mon Jul 31 18:53:45 2017 No.2919776 Seriously though does anyone actually believe this bullshit? This is obvious LARPing. Theres NO WAY someone with 20 properties only nets $2,500 a month. Thats unrealistic

>>	Anonymous Mon Jul 31 18:54:03 2017 No.2919777 >>2917854 They generally don't. Might be some regional thingy though.

>>	Anonymous Mon Jul 31 19:02:14 2017 No.2919823 >>2917767 >I made $150k after taxes in 3 years selling insurance Nice LARP

>>	Anonymous Mon Jul 31 19:08:51 2017 No.2919854 >>2919823 Of all of the things ITT, that's your number one pick for an unrealistic claim? Lmao

>>	Anonymous Mon Jul 31 19:13:56 2017 No.2919886 >>2917589 Your gf has fat arms and no ass.

>>	Anonymous Mon Jul 31 19:14:00 2017 No.2919888 >>2919854 Yah I agree, He said his gf wasn't fat before america

Anonymous Mon Jul 31 19:15:50 2017 No.2919901

>>2919640
inner citys are on the rise also areas where ranches used to be are changing. i bought 20 acres of land in california in riverside about 15 years ago on the cheap 80K sold it last year 500K just check your surroundings. if u see an area and wonder wow this looks good its probably is because other people are thinking just like u

Anonymous Mon Jul 31 19:16:41 2017 No.2919908

>>2919823
He's 21 now, so when he dropped 150k in 2015 he would have been 19.

150k post tax after a year, maybe two, of selling insurance.

Assuming, most conservatively, that he had a full 2 years to get that $150k we can call it roughly y1 70k and y2 75k. Assuming all post tax money went to savings, and a 25% tax rate, he's making roughly 100k a year.

Not impossible, but suspect.

>>	Anonymous Mon Jul 31 19:18:54 2017 No.2919917 >>2919908 >start work at 16, even a low-tier job >save everything >pinch pennies >sling insurance it's unlikely but completely believable imo

>>	Anonymous Mon Jul 31 19:24:44 2017 No.2919954 >>2917767 holy fuck she looks like a girl-version of my best friend my fucking sides i can't breathe anyways nice job OP congrats you deserve a pat on your back for your good work so far, keep grinding f@m

>>	Anonymous Mon Jul 31 19:29:51 2017 No.2919997 >>2919621 What parts of the US would you start looking in for 100k?

>>	Anonymous Mon Jul 31 19:30:13 2017 No.2920000 >>2917876 >>2917868 >>2917833 biz newfags don't realize this is a Jewish board kek

>>	Anonymous Mon Jul 31 19:38:20 2017 No.2920071 >>2920000 Checked for truth

>>	Anonymous Mon Jul 31 19:41:57 2017 No.2920094 Your Jew dad gave you a Jew Lome don't lie jew

Anonymous Mon Jul 31 19:42:16 2017 No.2920095

>>2917767
$2,500 from 20 apartments after all expenses paid is okay. I'd say it's not a prime location (considering purchase price and possible rent per unit), but what matters is the performance and risk mitigation and it sounds like a good deal. If it plays out as intended, well done.

>>	Anonymous Mon Jul 31 20:05:02 2017 No.2920250 File: 2.09 MB, 2000x3072, 1501524652597.jpg [View same] [iqdb] [saucenao] [google] >>2917767

Anonymous Mon Jul 31 20:14:21 2017 No.2920298
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>>2917863
>>2917867
>>2918040
>>2918112
>>2918993
>>2919100
>>2919167

Here's the financial analysis (and a pic of 4 of the units). I'm going to make more than $2.5K a month, I am just being ultra conservative with the numbers. Most likely I will net about $4K a month, and that's before I raise the rents (the previous owner hasn't raised it in years).

[Address Redacted] (8 Units) Built in 1998, annual income of $61,440. 2 bed/1.5 bath ($600)
[Address Redacted] (12 Units) Built in 2008, annual income of $92,160. Units 1-8 are 2 bed/2.5 bath ($700), 9-12 are 1 bed/1 bath ($600)
Total Units: 20
Total Income (Rents): $153,600

Expenses (Annual)
Cleaning: $1,550 + $2,325 = $3,875
Repairs: $1,180 + $1,770 = $2,950
Taxes (County only): $4,000 + $6,000 = $10,000
Utilities: $2,022 + $3,034 = $5,056
Insurance $2,220+$2,220 = $4,440
+Annual CapEx fund ($30/month per unit) = $7,200
+Average Vacancy rate (3%) = $4,608
+Property Management fee (5%) = $7,680
Total Expenses: $45,809

__________________________________________________________________
NOI: $107,791
Purchase Price: $1,300,000
Cap Rate: 8.29%
DSCR: 1.31

Annual financing: $81,994.68 Based on the following terms: $1,170,000 @ 4.99%, 25 year amortization w/ 7 year term = monthly payment of $6,832.89.

Cashflow: $25,796.32/year, 2,149.69/month, $107.48/unit.
My personal expenses:
$120,000 down payment + $10,000 earnest money
$1,200 inspection
Lien on office building (purchased for $150,000 in 2015).

Cash on cash return: 19.66%

At 20% vacancy (4 units) you would still break even.

Anonymous Mon Jul 31 20:18:48 2017 No.2920318
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>>2920298
Also keep in mind I have to do NOTHING to earn this $2.5K+. I outsourced everything to a property manager. I'm earning money in my sleep

This is the magic part. Now I get to work because I want to, not because I have to. It's such a nice feeling knowing that I'll always have enough money to pay the bills.

>>	Anonymous Mon Jul 31 20:22:37 2017 No.2920332 >>2917767 are you on any stimulants? or antidepressants? or any psychoactive medication / drugs?

>>	Anonymous Mon Jul 31 20:24:50 2017 No.2920352 >>2920332 and/or have you been in the past

Anonymous Mon Jul 31 20:53:56 2017 No.2920538
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>>2920332
>>2920352
Never and I never will. I take zero drugs (prescription or otherwise). This was a conscious decision on my part, as I wanted to prove high levels of success are possible without drug use.

>>	Anonymous Mon Jul 31 20:57:38 2017 No.2920568 >>2917767 This is the type of people you need to listen to /biz/ Not crypto retards.

>>	Anonymous Mon Jul 31 20:58:40 2017 No.2920577 >>2920538 kekked

>>	Anonymous Mon Jul 31 21:01:50 2017 No.2920605 >>2917589 that's a skinnyfat girl right there

Anonymous Mon Jul 31 21:02:36 2017 No.2920614

>>2920538
Old fag here, when your coming out of high school everyone thinks drugs have this performance enhancing effect. I have seen people do better with Amphetamine in the beginning, however by the end they turn everyone into dysfunctional retards. I promise you this kid has it right.

>>	Anonymous Mon Jul 31 21:04:01 2017 No.2920623 >>2917863 It's larping.

>>	Anonymous Mon Jul 31 21:05:12 2017 No.2920633 >>2920614 By the way OP, I'm self made, if there is such a thing, and rich as fuck and my wife is a Russian immigrant. Eastern euro girls are the best, American girls just aren't wholesome anymore after you have been with one.

Anonymous Mon Jul 31 21:07:59 2017 No.2920652

What market are you in OP? Avg cap rates nationwide are 5.5%, are they beat down properties?

Also why CRE and not Index ETF's? Its basically risk free if you can handle being illiquid during downturns for 1.5 years and you'd get similar returns without having to unclog toilets, worry about filling occupancies, changing lightbulbs, dealing with awful tenants, etc. I feel like most people get into buying rental property because they're not financially saavy to get into equities when I think it is the superior investment vehicle

Anonymous Mon Jul 31 21:13:05 2017 No.2920684

>>2920298
Why are you counting on a 3% vacancy rate? You are pretty much guaranteed to have one unit vacant at all times, its a 20 unit building, one of them is always going to be empty or fucked up. At least a 5% vacancy, I don't care if that thing is in Manhattan.

>>	Anonymous Mon Jul 31 21:16:44 2017 No.2920699 >>2917589 >pic related its my hambeast

Anonymous Mon Jul 31 21:24:11 2017 No.2920736
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>>2920633
Agreed. American women are pretty awful.
>self made
What do you do and what's your net worth? Any advice?

>>2920684
My county is at 99% occupancy due to recent fires destroying a lot of the inventory. At the moment there's one empty unit (just came vacant yesterday) and there's already a waiting list to fill it.

>>2920652
>why not stocks
Good question.
#1. You have no control over stocks. You have full control over real estate
#2. You cannot borrow money to buy stocks. You can borrow money to buy real estate
#3. You can easily make 15%+ in real estate, while the stock market averages single digits

>>	Anonymous Mon Jul 31 21:26:23 2017 No.2920748 >i brag on 4chan take your potato head gf and your shitty thread outta here

>>	Anonymous Mon Jul 31 21:27:08 2017 No.2920757 LARPing: the Thread Not like you cannot succeed at 21. But you don't go on /biz/, loser central, and write your blog to brag about your success. Not to mention the whole "I'm an ace real estate manager but still get my gf pregnant at 21".

>>	Anonymous Mon Jul 31 21:28:08 2017 No.2920762 >>2920757 You may be right, but I think you're a bitter faggot regardless

>>	Anonymous Mon Jul 31 21:28:34 2017 No.2920764 >>2917879 Wrong.Biz is a Jewish board for jews to store illegal money

>>	Anonymous Mon Jul 31 21:30:56 2017 No.2920775 >>2920762 Whatever you say, sweetie.

Anonymous Mon Jul 31 21:33:51 2017 No.2920799
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>>2920757
If you actually read the thread you'd see that my girlfriend isn't pregnant. In addition I posted a specific analysis about my property. Why would I go to such lengths to impress random faggots like yourself?

There's people more successful to me, by far, and even younger. Instead of telling yourself it isn't true, why not motivate yourself to achieve more?

Anonymous Mon Jul 31 21:35:19 2017 No.2920808

>>2920736
>You have full control over real estate
You don't. Regulations can change that require costly upgrade (e.g. energy or water saving). You can't influence market demands (depending on demography [household size] and economic situation), only react to it--but buildings aren't that flexible (location, configuration). There's still risk you can only try to mitigate, i.e. you don't have full control.

Anonymous Mon Jul 31 21:36:29 2017 No.2920811

>>2920652
>Avg cap rates nationwide are 5.5%, are they beat down properties?
>most people get into buying rental property because they're not financially saavy to get into equities when I think it is the superior investment vehicle

I've been toying with the real estate idea for awhile. It seems like in order to become wealthy and achieve financial independence you must get into real estate. I guess this comes more down to the up front investment though.
>>2920736
#2. You cannot borrow money to buy stocks. You can borrow money to buy real estate

>>	Anonymous Mon Jul 31 21:41:31 2017 No.2920835 >>2917727 arm fat on women is a giant red flag she will explode in coming years, ask /fit/

Anonymous Mon Jul 31 21:45:42 2017 No.2920856

>>2920808
Well, in terms of the value of the property, in commercial real estate it is tied with the NOI, if you increase income/decrease expenses, you increase the value of the property. You can't influence the value of a stock.

>>2920811
Cap rates in my area are about 7%. This deal was >8%

>>	Anonymous Mon Jul 31 21:46:19 2017 No.2920861 File: 46 KB, 421x427, 1409505932345.jpg [View same] [iqdb] [saucenao] [google] Post her feet

>>	Anonymous Mon Jul 31 22:06:10 2017 No.2920944 >>2920538 Suddenly takes 30 mins to answer question Lie

>>	Anonymous Mon Jul 31 22:56:48 2017 No.2921225 >>2918715 it actually does you paleo tard

>>	Anonymous Mon Jul 31 22:58:13 2017 No.2921231 >>2921225 laws of thermodynamics

>>	Anonymous Mon Jul 31 23:02:30 2017 No.2921258 >>2921231 cool, fat still goes straight into body fat

>>	Anonymous Mon Jul 31 23:03:32 2017 No.2921262 >>2921258 you are uninformed you smug cunt

>>	Anonymous Mon Jul 31 23:11:31 2017 No.2921314 >>2920748 nice. just bought 100k

>>	Anonymous Mon Jul 31 23:11:36 2017 No.2921315 >>2917767 >butter face Post feet

>>	Anonymous Mon Jul 31 23:16:06 2017 No.2921335 >>2917844 >No. Stocks are a rip off. Real estate is the way to go. Real estate is a job not everyone is interested in doing that job

>>	Anonymous Mon Jul 31 23:18:59 2017 No.2921352 >>2917767 How were you able to get that kind of financing at your age? Most people your age can't even get car loans.

Anonymous Mon Jul 31 23:21:23 2017 No.2921369

>>2921258
>>2921225
fat has 9 kcals per gram versus protein/carbs 4 kcals per gram. Studies show that you have more satiety from eating fat, because you're eating twice the amount of energy per fat gram. Calorie-wise, if you go over however much you end up burning in a day which is about 2kish for the average adult and 3kish for a fatty, you will store the excess as fat. It's not as simple as "if you eat fat you'll gain weight". The reverse is true, often, because the major reason why most people are overweight is that they are eating carbohydrate sugars(bread, fruit, nearly anything not veggies and meat) instead of carbohydrate fiber(veggies, brown bread is a dirty lie).
This is why you see people tout things like 'paleo', 'vegan', etc. when the real problem is the fucking sugar. Sugar digests quickly and leaves you hungering for more, so you can easily go over your calorie limits for the day without noticing.
It's really insidious because sugar is basically the entire grocery aisle. Peanut butter? Sugar. Crackers? Applesauce? Anything but straight cheese, veggies, and meat? Sugar.
There's a reason why the obesity rate skyrocketed in the 1970s, it coincides with the proliferation of high fructose corn syrup and sugary drinks.
There are of course, people who are fat because their biological off switch that tells them they are full is malfunctioning, are sugar addicts, or spend too much time on 4chan /biz/ reading posts like this one instead of having a life.

>>	Anonymous Mon Jul 31 23:21:50 2017 No.2921372 File: 482 KB, 480x594, 19554261_1944085925826587_8185817101531658224_n.png [View same] [iqdb] [saucenao] [google] Pretty good larp OP. If your dream doesn't work out you could always become a writer.

>>	Anonymous Mon Jul 31 23:27:35 2017 No.2921401 >>2921369 >wrote all this shit just to debate some idiot calories bottom line simple as that sage

>>	Anonymous Mon Jul 31 23:28:11 2017 No.2921407 >>2921231 Energy cannot be created or destroyed in an isolated system? Wtf are you talking about.

>>	Anonymous Mon Jul 31 23:31:16 2017 No.2921425 >>2921407 Conservation of energy and mass. Unless you're shitting out fat, where do excess calories go? Of course this misses the bigger point. Calories, not fat dictates weight gain.

Anonymous Mon Jul 31 23:33:04 2017 No.2921434

>>2917767

Seems pretty stupid.

If you had that kind of cash sitting around, you could have recruited even a mildly talented fund manager who would net you a much greater return, that is tax-advantageous.

Real estate is capital intensive and it sucks the life out of one.

Anonymous Mon Jul 31 23:35:03 2017 No.2921439

>>2921401
If it were calories you could eat 2k of candy and be fine. That's impossible, you would literally get diseased from nutrient deficiency.
Michael Phelps ate 9k calories a day of pasta, but he also swam all day so that wasn't a big deal for him.
>>2921425
>where do excess calories go?
Fat storage isn't as simple as that, but I'll let it go for the sake of sanity.

>>	Anonymous Mon Jul 31 23:36:55 2017 No.2921446 >>2920799 I, for one, never underestimate the power of autism. Validation is one hell of a drug. No rage. >>2921372 Autism doesn't make a good writer. The feelings of accomplishment must be immediate.

>>	Anonymous Mon Jul 31 23:41:08 2017 No.2921464 >>2920298 How do you deal with all the landlord shit for so many different apartment units? I'm assuming you just have some kinda contractor/manager do all the work for you, right?

Anonymous Mon Jul 31 23:47:37 2017 No.2921500

OP i respect what you do. I am also thinking of getting into real estate. I want to start off small because i dont have much but i will soon be able to purchase a house upfront in cash. It will be my first investment property. Good work OP.

OP do you think buying investment properties in the form of houses and renting them out is a good start? when i save up enough i will get big time like you.

>>	Anonymous Tue Aug 1 02:05:50 2017 No.2922223 >>2920684 Commercial real estate guy here. We underwrite deals at 3% vacancy here in San Diego and even that's high

>>	Anonymous Tue Aug 1 02:08:09 2017 No.2922235 >>2920856 Was it off-market? I imagine it must have been

Anonymous Tue Aug 1 02:14:56 2017 No.2922266

>>2917589
Why do you think the owner sold you the apartments you moron? You just bought somebody else's irl bags you stupid nigger. I hope you're ready for 2019 when the economy takes a dump twice the size compared to 07. Still gotta pay property taxes when all your loser tenants paying rent can't front their bills.

>>	Anonymous Tue Aug 1 02:17:40 2017 No.2922282 >>2917589 I would rather keep my hand as a companion than steal your 6/10 gf. If she's that big now, she's going to balloon in a decades time.

>>	Anonymous Tue Aug 1 02:26:24 2017 No.2922318 >>2917589 bro do you even lift?

Anonymous Tue Aug 1 02:26:39 2017 No.2922321

>>2917589
1) is your GF chewing on a lemon peel or are her teeth actually that yellow? Also why is she so fat?

2) I own multiple condos, all paid for. My cheapest one is worth more than your 20 unit building... where the fuck did you buy? The Alabama country side? My cashflow is over 40k a month, trust me, you are NOT retired. 2.5k/month is jack shit... yeah, you don't have to work at mcdonalds, but you make the same as someone who does.

3) You have all your eggs in one basket, if something goes majorly wrong with your building's infrastructure you are fucked.

4) You plan on having 6 kids? you can barely support yourself and your fat wife's immense calorie needs.

5) You don't have to do "nothing" to earn your measly 2.5k a month... even with a property manager there will be many responsibilities that fall on you.

Anonymous Tue Aug 1 02:30:12 2017 No.2922340

>>2917767
Nice larping faggot.

It's 2017 and you're 21. You started working your first job age 18 and immediately saved 150k in less than a year, then proceeded to get a loan with no credit history after saving another 150k.

2/10, try harder next time.

>>	.Fifty. Tue Aug 1 03:03:12 2017 No.2922482 >>2921439 its very simple. E=Energy Ein-Eout+Egenerated=Estorage

>>	Anonymous Tue Aug 1 03:06:05 2017 No.2922492 >>2922321 >My cheapest one is worth more than your 20 unit building Where are you that your cheapest condo is 1.2M?

>>	Anonymous Tue Aug 1 03:07:15 2017 No.2922495 >>2917589 how rich is your girlfriend, that you have chosed the fat ones?

>>	Anonymous Tue Aug 1 03:09:12 2017 No.2922503 >wearing flats Absolutely average plain jane.jpg

>>	Anonymous Tue Aug 1 03:09:29 2017 No.2922505 >>2922492 sydney, melbourne, any rich yuppie coastal city in america basically any desirable place to live

>>	Anonymous Tue Aug 1 03:10:36 2017 No.2922510 >>2917854 because they wanna look like spongebob

Anonymous Tue Aug 1 03:16:28 2017 No.2922534
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>>2920799
This is why you succeeded anon.
You see others achieve great things and you get motivated instead of jealous and bitter.

A lot of people simpklly cant handle others being successful because they feel it makes them inferior.

Fuck those people.
God bless you anon.

>>	Anonymous Tue Aug 1 03:18:32 2017 No.2922543 >build up sizeable capital >put it all into ONE (1) building anon, i...

>>	The_Third_Man Tue Aug 1 03:21:02 2017 No.2922553 >>2917767 another cute bootstraps story, fuck off bro

>>	Anonymous Tue Aug 1 03:21:21 2017 No.2922555 >>2922321 >The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.

>>	Anonymous Tue Aug 1 03:22:27 2017 No.2922561 File: 43 KB, 264x320, 0910.jpg [View same] [iqdb] [saucenao] [google] >>2917767 Good job diversifying.

>>	Anonymous Tue Aug 1 03:24:05 2017 No.2922566 Lol, so many salty people ITT.

>>	Anonymous Tue Aug 1 03:25:32 2017 No.2922570 >>2922566 Pretty sure that was the entire goal of the thread, no matter if OP was LARPing or not.

>>	Anonymous Tue Aug 1 03:29:41 2017 No.2922585 >>2917767 >photo Wuttafug that's a whitened mongol

>>	Anonymous Tue Aug 1 03:30:33 2017 No.2922588 File: 50 KB, 545x450, IMG_2782.jpg [View same] [iqdb] [saucenao] [google] This thread started off good and divulged to talking about diets and sugars. This thread is literal cancer now. >>2917879 Kys

Anonymous Tue Aug 1 03:31:59 2017 No.2922595 [DELETED]

>>2920856

If this is true, nice going OP. Based news about wanting to have so many white kids too.

As for the assholes here saying about upgrading your gf as you get more successful, that just proves how hypocritical this board is. They love to say that women are not loyal and are superficial yet are pucking on her for being a little chubby; telling you to upgrade her even though she's not done anything wrong. Shitty morals.

>>	Anonymous Tue Aug 1 03:33:52 2017 No.2922608 File: 85 KB, 801x765, 1496477781265.png [View same] [iqdb] [saucenao] [google] If you are bashing his girlfriend or his achievement its either low quality trolling or you are a bitter and resentful creature. Regardless of wether OP is larping or not.

Anonymous Tue Aug 1 03:34:05 2017 No.2922609

If this is true, nice going OP. Based news about wanting to have so many white kids too.

As for the assholes here saying about upgrading your gf as you get more successful, that just proves how hypocritical this board is. They love to say that women are not loyal and are superficial yet are picking on her for being a little chubby; telling you to upgrade her even though she's not done anything wrong. Shitty morals.

Anonymous Tue Aug 1 03:39:53 2017 No.2922630

>>2922609
You fucking cuck dick, I live in eastern Europe and all I can say about OP's girl is he's being scammed. As soon as she receive her green card and a marriage certificate (she'll allowed to demand a part of OP's property bought at the time of a "marriage"), she'll be like "0i fuck off rapist am a frii 'merikan gurl nao I need a divorce"

Anonymous Tue Aug 1 03:47:47 2017 No.2922657

>>2920298

So you're leveraged to hell and back. If something like 2008 happens again you're beyond screwed.

I respect your hustle and gains, but it's clear you're paying for them by taking on a fuckton of risk.

Not sure I would swap places with you.

t. index fund investor

Anonymous Tue Aug 1 03:47:53 2017 No.2922660

>>2922534

Doesn't change the fact that he profits without doing any labor at all. He didn't build the units and simply by having access to capital in one form he is able to convert it into a another that provides a steady stream of revenue. He contributes nothing to society and.his behavior is literally that of a leech.

I don't blame him for wanting to achieve fiscal success in a capitalist system though. I have next to no morality nor ethics when it comes to making sure i have enough funds to fulfill my needs.

Don't uphold him as a person to look up to and seek to emulate just for having achieved financial success when he's actually a part of the problem by exploiting the basic human need for housing.

>>	Anonymous Tue Aug 1 03:49:24 2017 No.2922665 >>2917589 >gut protrudes more than breasts Absolutely disgusting.

Anonymous Tue Aug 1 03:50:29 2017 No.2922671

>>2922630

I live in Poland you idiot and I really don't think it would go like that. Yeah okay she would marry him and then divorce him, finally calling him a rapist. Literally that'll makes no sense. You don't know her, obviously he picked her for a reason.

Anonymous Tue Aug 1 03:51:24 2017 No.2922676

>>2922660
>without doing any labor at all. He didn't build the units and simply by having access to capital in one form he is able to convert it into a another that provides a steady stream of revenue. He contributes nothing to society and.his behavior is literally that of a leech
Feminine medieval massage therapy in political sciences major

>>	Anonymous Tue Aug 1 03:53:13 2017 No.2922683 >>2917767 >My girlfriend isn't pregnant. Dodge a bullet there. Just tell her to not get any fatter.

>>	Anonymous Tue Aug 1 03:53:31 2017 No.2922687 >>2919141 Literally he can liquidate all his assets and pay off more than the debt? I think you're also ignoring the cash flow that'll continue to grow during a recession. As long as he's making enough to pay off mortgage he's fucking golden

>>	Anonymous Tue Aug 1 03:53:58 2017 No.2922689 >>2922660 He worked hard to get that money by scamming grannies with insurance, respect that!

>>	Anonymous Tue Aug 1 03:54:16 2017 No.2922693 >>2922660 He took on a lot of risk More risk = more reward OP has taken on a large amount of risk, so he is given a large reward as compensation

>>	Anonymous Tue Aug 1 03:56:12 2017 No.2922702 >>2917767 this is very interesting thanks for sharing anon!

Anonymous Tue Aug 1 03:56:26 2017 No.2922705

>>2922657
He's not screwed bc he has continual cash flow. When recession hits MORE people move into apartments which stay the same rates. As long as he's making more money than the mortgage and costs of upkeep he's fucking golden

>this is how my parents became millionaires

>>	Anonymous Tue Aug 1 03:57:23 2017 No.2922712 File: 133 KB, 1420x1963, 1494090955683.jpg [View same] [iqdb] [saucenao] [google] >>2922660 >>2922689 Dont hate the player hate the game. >Don't uphold him as a person to look up I admire smart risk taking >>2922693 Also this.

>>	Anonymous Tue Aug 1 04:04:49 2017 No.2922761 >2.5k/month or 30k/annum return on a 1.2M property >a measly 2.5% ROI Kek, that return is terrible

>>	Anonymous Tue Aug 1 04:08:49 2017 No.2922790 have you seen the movie pacific hights?

>>	Anonymous Tue Aug 1 04:10:18 2017 No.2922799 >>2922660 >making money to buy an apartment building, having to afford the apartment over time, maintain it and care for it while providing housing for those who cant afford their own property = leeching from society really makes you think

>>	Anonymous Tue Aug 1 04:11:31 2017 No.2922807 Everyone falling for this obvious bait?

>>	Anonymous Tue Aug 1 04:11:56 2017 No.2922808 >>2922321 Absolute madman

>>	Anonymous Tue Aug 1 04:35:49 2017 No.2922895 >>2922799 >While maintaining a profit margin >the bigger the better >making that amount of money by 21 without winning a lottery or inheriting Really makes you think.

>>	Anonymous Tue Aug 1 04:37:22 2017 No.2922903 >>2922693 >>2922712 >Risk taking >Real estate landlord Do you even know what risk means?

>>	Anonymous Tue Aug 1 04:58:18 2017 No.2922984 >18 y/o making 150k a year, a wage most phd holders would be happy with after some years of experience, selling insurance to old people is this the epitome of free market capitalism?

>>	Anonymous Tue Aug 1 05:04:27 2017 No.2923012 >>2917844 Her first message was >asl That's when I knew she was the one!

>>	Anonymous Tue Aug 1 05:05:58 2017 No.2923021 >>2922984 /biz/ math ladies and gents.

>>	Anonymous Tue Aug 1 05:12:23 2017 No.2923060 >>2917843 Eww, a smoker, enjoy the decaying teeth and the shitty skin. 1/10.

>>	Anonymous Tue Aug 1 05:18:37 2017 No.2923083 >>2922903 Wow! Looks like you've identified a completely risk free way to make money! Gee, why didn't the bank loan OP a 100 million dollars instead (since there's ZERO risk involved), he could be making so much more money, completely risk free!

>>	Anonymous Tue Aug 1 05:25:17 2017 No.2923119 File: 160 KB, 500x497, 1439152927001.jpg [View same] [iqdb] [saucenao] [google] >>2917589 Only in America. I wonder why I never hear stories like this from eastern or even central Europe? Your country is easy as fuck with credits.

>>	Anonymous Tue Aug 1 05:26:04 2017 No.2923123 >>2922984 Epitome of larping

>>	Anonymous Tue Aug 1 05:45:01 2017 No.2923192 File: 650 KB, 646x651, Screenshot_2017-07-31-18-36-08-1.png [View same] [iqdb] [saucenao] [google] >>2920944 Kek check out this sour grape. Is that really all you have? >hurr he replied late durr Fucking pajeets man

Anonymous Tue Aug 1 05:49:01 2017 No.2923209

>>2923083

>Gee, why didn't the bank loan OP a 100 million dollars

Ask the bank.

>My God! What will we ever do with our 20 condos if somehow people were no longer in need of housing?! No, too high risk for me. I'll stick to my negative interest savings account, thank you.

>>	Anonymous Tue Aug 1 06:15:58 2017 No.2923318 File: 781 KB, 695x783, capitalism.png [View same] [iqdb] [saucenao] [google] >>2922895 >>2922903 Why are you being a whiny communist, this is /biz remember?

>>	Anonymous Tue Aug 1 06:18:16 2017 No.2923325 >>2923209 And the bank would say >The risk would be too high, we can only loan you one million

Anonymous Tue Aug 1 07:27:06 2017 No.2923569

>>2923318

I wrote a long ass post that somehow disapperad so i'll be brief.

Being a communist actually gives you an edge over ancaps, libertarians and others with an illusiory sense of superiority regarding economics. Who often fail to realize that their privileged position they are in have actually come about by violating the "NAP" against others for centuries. Primitive accumulation of capital as Marx would have put it (acquisition through the use of force).

By focusing on the inherent value of something, for example, you don't get easily sucked into promises of lambos based purely off speculation on what something COULD become, not what they've actually delivered.

You also don't develop the cryptoanarchist puritan mindset about everything having to be decentralized in order for them to support it. The irony of course being that everything under capitalism has a tendency to end up more and more centralized. Take bitcoin for example. Decentralized? with massive mining complexes built, mining pools/cartels formed and no improvement occuring for two years just because one pool stood to lose from the implementation of a protocol, better yet imagine how bitcoin would develop without the Core team pretty much in charge of getting things done. Total chaos as dissent would spring up with every new line of code or deciding on which direction to take.

And you always prepare for the next,inevitable, capitalist crisis.

>>	Anonymous Tue Aug 1 07:29:04 2017 No.2923579 OP, why have you not just invested all that money into index funds for a comfy annual 7% inflation adjusted compounding interest for the rest of your life without all the hassle of management and amortisation hosts?

>>	Anonymous Tue Aug 1 07:37:53 2017 No.2923633 >>2923569 >Being a communist actually gives you an edge Edgy teen in da thread, prepare your liberal arts diplomas, boiiiiiis

>>	Anonymous Tue Aug 1 08:09:57 2017 No.2923786 >>2923579 he's make way more because he's leveraged

>>	Anonymous Tue Aug 1 08:11:20 2017 No.2923795 >>2917964 OP what city did you do this in ? i have 130 saved, how do i find a nice building like that. i cant seem to find them in houston

Anonymous Tue Aug 1 09:23:38 2017 No.2924511
File: 137 KB, 960x842, 1501497859988.jpg [View same] [iqdb] [saucenao] [google]

>>2921335
>real estate is a job
Real estate is such a broad category. If you're talking specifically about rental property, yes it's a job unless you outsource the property management to someone else, which is what I did and I'm still making money.

>>2921352
At the time I had about 730 credit and no personal debt, and ~$130K in the bank. Now I have 770 credit, and the only debt I have is the commercial loan.

>>2921434
Real estate has tremendous tax advantages. Depreciation, write off of interest, etc. Plus you can cash out refinance in a couple years, pulling out your original investment tax free & you still own the property.

>>2921464
As part of the purchase agreement, the previous owner fixed all the deferred maintenance. In the future if something breaks, I have 3 options. #1 is use the previous owner's brother (who lives at the property and helped build them) #2 is use another handyman I'm friends with or #3 is let the property management company contract it out. Most likely I'll be going with #3.

>>2921500
Yes I absolutely think starting out with smaller properties is a good idea; what I would recommend is buy a duplex on a 3.5% done FHA loan, live in one half and rent the other half. This is known as "house hacking". The renter will pay your mortgage payment, you live rent free & you may also make a little bit of money depending on how good the deal is.

Read the book "set for life" by Scott Trench. Or just search "house hacking" to learn more about it. You are on the right track, bro.

>>2922235
Originally they had an agent who was an absolute fool. She listed it only on one MLS database in the wrong county. Finally her listing expired and my agent tracked down the buyers & dealt with them directly.

>>2922266
The seller was motivated to sell because he is 70 and his business partner died in a plane crash. It was too much for him to handle by himself.

>>2922318
I did martial arts from age 8-18. I need to start working out again.

Anonymous Tue Aug 1 09:44:53 2017 No.2924694

>>2917844
>No. Stocks are a rip off. Real estate is the way to go.
>The most powerful wealthbuilding tool in human history is a scam
>when his terrible investment is subject to depreciation, a full time job, only profitable due to shittons of leverage, and housing prices track inflation

Hope you're joking m8. Remember my words when you gotta have phonecalls with x people because their fucking toilet broke or whatever. Real estate is not true passive income.

Anonymous Tue Aug 1 09:52:29 2017 No.2924756
File: 1.00 MB, 676x667, credit score.png [View same] [iqdb] [saucenao] [google]

>>2922321
By "retired" I mean financially free, as in if I wanted to stop working altogether, I would have enough cash coming in passively to support my lifestyle.

My plans are to pretend like the rental income doesn't exist and keep selling like crazy, buy another complex in 1-2 years, rinse and repeat. I'm making well over $100K in insurance sales, that's not going away.

>>2922340
>with no credit history
I've had a credit card since I was 16. Every month I pay it off 100% via automatic bank draft.
In addition, I had cash and other real estate (my office). Plus a high income. All of those factored in to me getting the loan

>>2922534
Exactly. When I see someone successful, it motivates me. Thank you anon.

>>2922543
It's actually five fourplexes, but okay.

>>2922609
All I can say is "it's true", but really if someone chooses not to believe it, it doesn't affect me. The point of this thread was to educate others & show them its possible to be successful even at a young age

>>2922660
Because providing clean, affordable housing to 20 families is leeching on society, okay Karl.

>>2922683
Will do.

>>2922687
Stock brokers hate real estate investors. They also hate annuities (an insurance investment I sell). I don't blame them, I talk trash about stocks because 1. They're my competition & 2. I honestly believe they're a bad investment.

>>2922689
My strategy is targeting people who already have MedSupp insurance & sent them the same plan for less money. I'm saving them money & the insurance company pays me for giving them a client, win-win.

>>2922702
You're welcome!

>>2922761
If I paid cash, I'd be making about 8%, but since I used leverage, I'm making 19%. Read my financial analysis above

>>2922790
No, but it looks interesting, thanks for the recommendation.

>>2923795
TN. First you need to find out what kind of property you're looking for (how many units, cap rate, price range etc). Then meet as many brokers as possible & tell them what you're looking for.

>>	Anonymous Tue Aug 1 09:56:00 2017 No.2924787 >>2917589 Her gut sticks out more than her breasts do.

>>	Anonymous Tue Aug 1 10:01:28 2017 No.2924831 It all sounds nice but I just don't believe you worked in insurance for a couple of years and saved over a 100,00 dollars. If this is even true (doubtful) then you were supplementing your income with drug sales or something illegal.

>>	Anonymous Tue Aug 1 10:09:20 2017 No.2924889 Lotta hate for a bunch of neets with only $1K in shitcoins to their name

>>	Anonymous Tue Aug 1 10:32:19 2017 No.2925080 File: 409 KB, 1920x1080, 1499312578884.jpg [View same] [iqdb] [saucenao] [google] >>2917767 >saved 150k selling insurance >in three years fucking Rockefeller here

Anonymous Tue Aug 1 10:49:17 2017 No.2925211

>>2924756
Wait, affordable housing as in section 8? Or did you just mean housing that is reasonably priced. Because if you're one of those people buying apartments to turn them into section 8 housing I truly hope you rot in hell. The kinds of people that those housing support ruin the entire neighborhood and cause the value of other properties in the area to plummet.

>>	Anonymous Tue Aug 1 10:51:57 2017 No.2925225 >>2917589 is real estate really lucrative, seems like a bother unless you've got an agency covering you/handling the apartments for you.

>>	Anonymous Tue Aug 1 10:54:21 2017 No.2925240 >>2924756 What car do you drive op?

Anonymous Tue Aug 1 10:58:10 2017 No.2925261

>>2917767
That's fucking awful ROI OP. Are you renting the apartments out for $50 a week? I make that much off my shitty website each month.
That being said, bricks and mortar will serve you well and as you pay down your debts your income will only increase exponentially.
Good job OP but looks like you did it the hard way. How many old sheilas did you have to growl out to sell that much insurance?

Anonymous Tue Aug 1 11:08:29 2017 No.2925324
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>>2923633

Actually i'm inching towards being in my thirties and i dropped out of law school. Mostly because i didn't want to work in law (legalism is boring as fuck, and bourgeiose ;) *triggering intensifies*) but i had also already started making more than enough off of stocks and later crypto to get by.

Stayed long enough to develop the "legal mindset" they start yapping about from day 1 and racking up more debt wasn't very appealing.

Care enough to actually debunk any of what i previously said, or are you just going to keep on posting useless content?

>>	Anonymous Tue Aug 1 11:14:16 2017 No.2925369 File: 25 KB, 388x579, srslym8.jpg [View same] [iqdb] [saucenao] [google] >>2917767 cute gf anon now go and forth and secure the existence of white people and a future for white children

Anonymous Tue Aug 1 11:16:14 2017 No.2925383

>>2924756

>Because providing clean, affordable housing to 20 families is leeching on society, okay Karl.
<font size 1> as long as i receive a net profit from aforementioned "small fee"<font size 1>

Don't try to portray yourself as some kind of good Samaritan, You're in it for the money, i would be too and that is okay. Scum recognize scum,

>>	Anonymous Tue Aug 1 11:18:47 2017 No.2925403 >>2925324 Shitty bait, protection is off the charts

>>	Anonymous Tue Aug 1 11:23:39 2017 No.2925429 >>2925403 As suspected. All talk, no substance.

Anonymous Tue Aug 1 11:43:38 2017 No.2925564
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I need an ROI analysis before I believe any of this crap.

And it better be above 8% YoY or you're getting shafted.

And no the "financial analysis" given above doesn't give your actual ROI because that would be below 4% and nobody would actually do something like that instead of just buying save stocks with 8% div/yield.

>>	Anonymous Tue Aug 1 11:45:14 2017 No.2925574 >>2924831 or rich parents so he doesnt have to spend anzthing

Anonymous Tue Aug 1 11:46:06 2017 No.2925585
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>>2925211
Affordable as in affordable, not section 8. I hate any and all government programs. There is 1 section 8 tenant that I inherited, and as soon as her lease is up in November I will replace her with a normal tenant.

>>2925225
Returns in real estate can easily be in the double digits if you 1. buy right 2. finance right 3. manage right. See my property analysis here >>2920298

>>2925383
Profit is the price you pay for innovation and competition. If there's no incentive, there's no production.

>>2925369
That's the plan.

>>2925240
A used Ford Focus 2012 that I purchased with cash. Before that I had a 2011 Ford Fiesta & I drove that until the engine blew up. I drive 50K+ miles a year for insurance.

>>	Anonymous Tue Aug 1 11:47:35 2017 No.2925595 >>2925564 My investment is listed above, my return is over 19%. >>2920298

Anonymous Tue Aug 1 11:51:12 2017 No.2925625

>>2920318
MATE! do not i repeat do not get the property manager! trust im the anon from >>2918112
im telling you as i own over 150 + units in the market of downtown LA where i pay at least 150K a door. DO NOTTTTT get a mangment company! do the work yourself these mother fuckers will rip you been there done that! trust homie

Anonymous Tue Aug 1 11:53:17 2017 No.2925638

>>2925595
That's not how this shit works the purchasing price is 1.3 million and you get 25k a year.

This is a ROI of 2%. You could've spend the 1.3 million on stocks with a div/yield of 8% such as many oil companies right now and you'd made a lot more money.

Opportunity cost man. Sure your "cash on cash" return might be close to 20% but you're losing a lot of money because you only make 2% ROI from the housing.

You can't just exclude money lend from leverage from the ROI because it's still subject to opportunity cost.

>>	Anonymous Tue Aug 1 11:59:17 2017 No.2925674 >>2917596 That's a fupa bro, not pregnancy.

Anonymous Tue Aug 1 12:01:31 2017 No.2925685
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>>2925638
You're not looking at this correctly. I had $130K in cash (my investment). The bank provided the rest. Not only do I get 100% of the tax right offs, but I also get 100% of the appreciation, even though I only put down 10%. Plus I'm building equity. On MY investment of $130K, I'm making 19%.

Which is more, 2% of $1.3M or 8% of $130K?

>>	Anonymous Tue Aug 1 12:02:07 2017 No.2925688 >>2917767 post-op putin

>>	Anonymous Tue Aug 1 12:03:39 2017 No.2925701 Did your parents/family help any?

>>	Anonymous Tue Aug 1 12:05:22 2017 No.2925710 >>2917843 >1000 cock stare

Anonymous Tue Aug 1 12:05:43 2017 No.2925712
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>>2917767
Congrats, you have 20 apartaments and the best thing you got is something considered 5/10 at best in Poland

For all that cash you could have here fucking luxury castle, sex servants like them and as bonus you wouldn't see niggers or lefty degenerates on streets

I will never understand westerners

Anonymous Tue Aug 1 12:05:56 2017 No.2925714

>>2925685
I'm not sure since I'm not american. Can't you guys use your mortgage loans for everything? Because if you could only use it for housing then it's ok. But if you have the freedom to use it for everything like where I live then you could've easily just bought really save 8% div/yield stocks and made 8% off of 1.3 million a year. Sure you wouldn't get tax write offs but you'd also get 100% of the appreciation of the stocks as well.

Would be really shocking if you couldn't use your mortgage for other things in the US as It's usually pretty liberal economically.

>>	Anonymous Tue Aug 1 12:09:05 2017 No.2925743 >>2925714 You're correct in that it can only be used for real estate. I don't even get the money, it goes directly to the title company who then pays the seller.

>>	Anonymous Tue Aug 1 12:10:36 2017 No.2925755 >>2925685 What's current annual income?

>>	Anonymous Tue Aug 1 12:10:57 2017 No.2925759 >>2925743 Cheers then. You did the right thing.

Anonymous Tue Aug 1 12:16:38 2017 No.2925809

>>2925712

I am with this guy. I've never earned more than 12k in a single year, left college junior year, and yet have still managed to travel to beautiful in America and abroad as well as having a string of girlfriends all prettier than OP's

I guess if I had not smoked a single bit of weed, had a single drink of alcohol, or had a single fun time with my friends over the past 7 years I could have accomplished what OP has. I at least would not be squandering it on some chubby pollock

>>	Anonymous Tue Aug 1 12:40:48 2017 No.2925999 What kind of return you get on the office building?

>>	Anonymous Tue Aug 1 13:01:13 2017 No.2926143 >>2925759 Thanks bro. Glad we're on the same page. >>2925999 I use it for my insurance business, so zero.

>>	Anonymous Tue Aug 1 13:05:09 2017 No.2926166 File: 130 KB, 790x960, 20245583_10209799708130422_516558120640576856_n.jpg [View same] [iqdb] [saucenao] [google] >>2925809 The coping. Lulz, you're a fucking failure

>>	Anonymous Tue Aug 1 13:06:28 2017 No.2926173 >>2925809 what a faggot kys

>>	Anonymous Tue Aug 1 13:07:34 2017 No.2926177 >>2925809 Hey anon You're completely average

>>	BrownPill !DefeCaTiNg Tue Aug 1 13:12:04 2017 No.2926207 File: 41 KB, 635x640, SpurdoKek.jpg [View same] [iqdb] [saucenao] [google] >>2917767 Thanks for the spank-photo OP!

>>	BrownPill !DefeCaTiNg Tue Aug 1 13:17:26 2017 No.2926236 File: 678 KB, 790x960, TooGifted.png [View same] [iqdb] [saucenao] [google] >>2926166 Everything but the booze.

>>	Anonymous Tue Aug 1 13:17:28 2017 No.2926237 File: 128 KB, 602x558, pepe (2).png [View same] [iqdb] [saucenao] [google] >>2926166 >tfw i'm almost all of them fuck what do i do lads

>>	Anonymous Tue Aug 1 13:18:25 2017 No.2926241 >>2917767 Why biz is falling for such obvious LARPing? Is this board just full of rejects from /b/?

>>	Anonymous Tue Aug 1 13:22:09 2017 No.2926268 File: 296 KB, 640x480, 1441934062689.png [View same] [iqdb] [saucenao] [google] >All these buttmad communists in this thread screeching at OP's success Holy fuck why do you even browse this board if you hate business

>>	Anonymous Tue Aug 1 13:30:01 2017 No.2926318 >>2917589 You should invest in crypto, could be lamboing and get something who is nice to you without a gut

>>	Anonymous Tue Aug 1 13:33:34 2017 No.2926339 >>2925809 Lol jealous fag

Anonymous Tue Aug 1 13:36:50 2017 No.2926369

>not used to fatty american food
>polak diet is literally potato potato potato bread bread bread fried pierogis bread and then cakes
poles thinking they eat healthy and are skinny is a meme, they're probably the same ratio as US or close for obese people. they're definitly on the high end of europe for being fat

anyway, everyone is being asshole shes cute

>>	Anonymous Tue Aug 1 13:40:39 2017 No.2926393 >>2925712 yea but who wants to live in catholic turkey?

Anonymous Tue Aug 1 13:41:14 2017 No.2926403
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>>2925809
>be a laid-back, well-adjusted individual with plenty of positive life experiences
>come into thread just to spew vitriol in response to someone's benign story of modest financial success

>>	Anonymous Tue Aug 1 13:41:34 2017 No.2926405 >>2926237 you win the bingo game but youre not as good as me, because I have hit ALL the squares

>>	Anonymous Tue Aug 1 13:43:41 2017 No.2926425 >>2925809 wait, are you american? if so you are coping BIG time 12K a year in US kek you are either a degenerate, a nigger, or live off parents money kys

>>	Anonymous Tue Aug 1 13:47:05 2017 No.2926455 >>2924756 How did you get into selling insurance? Are you independent, or do you work for the company?

Anonymous Tue Aug 1 13:52:56 2017 No.2926494

>>2926166
More than half of them
Also 34 year old wage slave (60-70 hours per week incl the commute for 25K euro / year after taxes)
Some savings, but no idea what to do with them (Belgium, heavy taxation on stocks - even foreign -
or real estate etc)
I really need to pull this shit together or I might as well kill myself now

>>	Anonymous Tue Aug 1 14:07:03 2017 No.2926578 Well that's all nice and dandy OP, as long of course as rent prices never drop, you never have to deal with nigger tenants that stop paying rent and trash your place, and interest rates don't rise significantly.

>>	Anonymous Tue Aug 1 14:16:18 2017 No.2926662 why is your girlfriend so ugly

>>	BrownPill !DefeCaTiNg Tue Aug 1 14:54:04 2017 No.2926987 >>2926241 Yes

>>	Anonymous Tue Aug 1 15:05:36 2017 No.2927076 >>2926393 >catholic Turkey You are beyond help, enjoy muslims or whatever cancer jews throws on you

>>	Anonymous Tue Aug 1 15:07:47 2017 No.2927094 eww she's ugly about 4/10

>>	Anonymous Tue Aug 1 15:59:57 2017 No.2927523 >>2917767 what's the point of being rich if your girlfriend is a sack of shit?

Anonymous Tue Aug 1 16:15:14 2017 No.2927643
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>>2926369
>Cute
She looks borderline downy lad...and a fat one, with no ass and no tits...not trying to be rude but, Jesus...

Anyway, If real then good luck op, but explain more about the insurance part.
Getting 150k from selling insurance seems unrealistic, specially in such a short amount of time.

>>	Anonymous Tue Aug 1 16:15:33 2017 No.2927647 do you have any knowledge about the real estate market in Portugal?

>>	Anonymous Tue Aug 1 16:27:51 2017 No.2927783 >>2917767 can you expound a bit on "selling insurance" please? Did you do it all by yourself, or as an agent for a large company? I mean... how?

Anonymous Tue Aug 1 16:43:33 2017 No.2927953

Real estate isn't in every country the real deal.
We own more appartments in Ger. The laws are made for the tenant. Not for the owners.
For example, if a tenant doesn't pay it could take months (till 2 years) to denounce him. You have to go to the court and get a title for him to get him out. You have to pay the money for the court. That means he doesn't pay your rent, he perhaps destroy your appartment meanwhile and it could take months to get him out. The problem is you can sue him later to get the money back, but if he doesn't have anything the money is lost.
We had this with one tenant, cost 6k €(for lawyers and court) , loss of rent 3-4 k € (because he didnt pay meanwhile). At least he doesn't destroy the appartment. That Means 10k lost, he file then for privat bankrupcty. That means every euro over 1,1k he have to pay for you and your loans. But since he get sued he never earned more then 1,1k € a months. After 7 years he is free of his dept.
Furthermore i can write books with stressful stories about tenants. We had a private hooker, in one appartment, nobody didn't know until the local Hells Angels threaten us with baseball bats that we should stop this business, we even didn't know she was a hooker. She did it private.
Or we have other tenants they call us because of every shitty thing. Real Estate really depends on tenants and the country. You can make much money. I'm a studied financial analyst, real estate is nice to have but i wouldn't like to make all my money with it, at least here in Germany, cause the country is so fucking cucked and becoming more cucked everyday. It protects the social weak with the money from the guys who work day and night.
OP how are the laws in US, when somebody doesn't pay rent how fast can you legally get him out of the appartment?Another Anon can post the answer too.
And special question for OP, did you have ever strange tenants or stories.
OP you could make a 2nd Thread this will soon arrive its replay count.

>>	Anonymous Tue Aug 1 16:44:37 2017 No.2927964 >>2924511 >unless you outsource the property management to someone else and then you have to manage them it's a lot more work and a lot less stable than real estate advocates want to let on

>>	Anonymous Tue Aug 1 16:47:13 2017 No.2928000 >>2927643 It's implied that he scammed money out of gullible old people. He's a con artist in a technically legal way.

>>	Anonymous Tue Aug 1 16:49:49 2017 No.2928029 >>2927953 You forgot to mention that the government forbids you to adjust the price of rent freely according to the actual market value.

Anonymous Tue Aug 1 16:58:33 2017 No.2928132

>>2927964

Ye thats a big problem here in Germany too.
We would outsource some work for our appartments too, but its hard to find good people. If they see what you get they get and they become depended to your property they become greedy and demand more.
Furthermore you need some intelligence. Some firms just send mechanics there. 3 Weeks ago our cellar filled up with water. We didnt know. We thought it is a pipe break, which would cost much money for finding the break and repairing it. We searched ourselfs, and found out it just was a plugging caused by moist toilet tissues, cause the bitches use this shit things for their pussies and throw it in the toilette. The moist toilet tissues doesn't solubilize like normal toilette paper made out of cellulose. So the pipe plugged and watered the cellar. It was not easy to find the cause. A Management firm would just send mechanics there. Would cost 1-2k for finding the problem then perhaps 500€ for solving it. It costed us just 400€ for solving it. We had the same for a toilette problem. Some firms said we have to tear out the pipes to solve the problem, which would cost couple of thousand of dollars, i found a solution for 50€. You can save a lot, but it can be stressfull with annoying tenants like i said in >>2927953.
But we're doing half of your money with 1/4 of ur appartments but it cost us perhaps 40hours a month could also be 140 hours if there is a big problem.
And OP a little private hint if you own such big property, if you will marry soon or if allready married. Do an prenup, for real. Love can end sometimes and such big property if it isn't regulated, it can cause big problems. Really do it.

>>	Anonymous Tue Aug 1 17:00:32 2017 No.2928150 >>2917589 I hate landlords and think they're parasites on society, but respect OP. Sounds like you've done good for yourself at a young age. And I'd happily landlord too if I had the money, I just don't think it's a societal beneficial source of wealth.

>>	Anonymous Tue Aug 1 17:04:48 2017 No.2928186 >>2924694 Stocks are not a wealthbuilding tool.

Anonymous Tue Aug 1 17:08:21 2017 No.2928216

>>2925585
Damn glad to hear you're not supporting section 8 OP. Mind sharing some of your experience with owning an office complex? Did you rent out to multiple businesses or just one? Also at the time were you still using a property manager or managing it yourself?

Anonymous Tue Aug 1 17:09:01 2017 No.2928221

>>2928029
ye i can tell more, i just said the hardcases.

But you're right. We have luck. Our properties are located in cities, where there is no rent index, so we can use every rent we want.

But the harder thing is the regulations for the rental contracts. In private rental contracts (means the tenant is a private person, no business) you can't write what you want, the law is total for the tenants.
Funny thing is you can't get out the tenants of your appartment without a fixed reason. There are 3 fixed reasons in BGB (code of law for the private things in germany):
you can get him out if you want to use the tenant yourself, but you have to prove it.
If you can use the property economically "better"
or if the tenants is doing breach of contract. Perhaps like if they are breaching the peace.

But you cannot denounce the contract, if you have another tenant who would pay more for the rent.
The economically "better" reason is just a slight reason, it's never used. The most landlords go over the "Eigenbedarf", which means they fake that they will use it themself, perhaps say they need it for a son or daughter. But the tenants can file a suit against your reason, so you have to prove it.
The laws here are so shit. It is funny how castrated you are for having a property and renting it to private people.

Anonymous Tue Aug 1 17:18:03 2017 No.2928308

>>2928150
Landlords using their work and efforts to build up houses renovate them for the society. How the fuck they are parasites of society, tell me. If nobody would be a landlord, everybody needed to buy a house, and it could cost a much work and its even a risk, which tenants dont want. The market regulate itself if you want to rent a nice appartment with no own work (like cleaning stairs) in a high demanded part of city you have to pay much for it.
Im sure you're living in a landlord friendly country, where property is secured like it should be, but if you're unhappy with the landlords in your country just move to Germany, we take atm everbody who immigrates. The one more or less doesn't even count.
Move to Germany and especially a less bigger city, you will never have problems with landlords, because the law is totally on your side, just read the posts i did the last hour.

>>	Anonymous Tue Aug 1 17:25:08 2017 No.2928370 Also OP what insurance company did you work for originally? I'd be curious to know what steps it takes to get into selling insurance if you were able to pull in that kind of money in such a short time.

>>	Anonymous Tue Aug 1 17:33:29 2017 No.2928434 >>2928132 >>2928221 >>2927953 insightful posts, thanks

Anonymous Tue Aug 1 17:46:37 2017 No.2928511

>>2920736
I assume this is bait, and I'm not sure where you live, but:

1: You have no control of stock prices with very rare exceptions, but you do have control of exactly which stocks you own. In general, you can change that with little cost. Not so with real estate.

While you have control of the real estate itself, you have little control of the market in your area. If your holdings are geographically concentrated and, say, an important employer decides to close down, you will be hit.

2: Margin is absolutely a thing in most countries. Granted it will not be as cheap as a mortgage, but it can be done.

3: Expected returns are tied to the risk inherent in the investment. Why do you think government bonds have low returns?

I mean congrats to you, but I don't think you really understand what you've done.

t. CFA

Anonymous Tue Aug 1 17:56:43 2017 No.2928577

>>2926455
He most likely grinded hard as a "financial advisor" at Northwestern Mutual or some similarly scummy insurance vulture.

To be fair I respect the business model of those companies a lot: hire morons, get them to sell policies to their families, and finally when they use up all of their immediately available victims, keep the clients as they are forced to move onto new employment.

>>	Anonymous Tue Aug 1 18:01:34 2017 No.2928602 Everything OP said is correct except one thing. No bank would borrow 1.3m with 150k down. It does not matter that your salary is high-ish.

Anonymous Tue Aug 1 18:08:10 2017 No.2928642

>>2927953
>>2928132
>>2928029
>>2928221
>>2928434
how do the laws look for the midwest? looking to dump some monies on real estate soon. Live in chicago but a friend of mine had trouble evicting a shitty tenant. Looking into anywhere in Wisconsin or Indiana or even downstate IL at this point

Anonymous Tue Aug 1 18:18:46 2017 No.2928708

>>2928642
If you're serious about it you need to talk to an attorney, but I would doubt there is a huge variance.

Assuming you live in WI, you would mainly need to consider the cost of whoever you plan to pay to manage the property. Otherwise owning and managing properties that are hours/states away is pretty implausible.

Anonymous Tue Aug 1 18:22:16 2017 No.2928732

>>2928708
I live in Chicago, I just felt from my friend's experiences that the city has some pretty landlord-unfriendly laws, so that's what I'm mainly worried about. Wisconsin seems like a safe bet, but driving there to fix stuff / collect rent would be a pain in the ass

Anonymous Tue Aug 1 18:32:19 2017 No.2928817

>>2928511
Real Estate is a good financial biz for non studied people. I made already money with real estate, oldtimer and stocks. Cars and real estate has very easy barriers to market entry. Real stock trading isn't so easy in my opinion. For real estate if you can work a little bit and repair, you can restore or repairs some things yourself. You won't get rich with it fast. But you can earn monthly really easy if you are not totally brainfucked. Trading depends earlier or later calculations and analysis. You fight against big banks with insider information and greedy brokers.
You recognized yourself some misunderstandings OP had about stocks. Stocks aren't so easy. If you want to make money on daily basis. If you just put some money in some ETFs and and stocks with dividends and just wait 5-10 years stocks are easy. I think OP just saw an easy opportunity.
>>2928602
It could be at the low interests atm, if your business plan is very good and the bank calculates the risk very low. Dunno how the banks are in US. But i saw calculations for real estates in Ger with 20k equity and around 150k worth.
But 150k of 1,3 just 11,3 percent. I mean nothing is impossible it really depends on the real estate and his business plan, you can calculate every risk. Perhaps the bank employee wanted the provision of this big loan and whiteslashed the business plan. It really depends on the individual case.
>>2928642
Think u misunderstood something. My posts about Germany.
Dunno how the laws are in US. I just know they are not so tenant biased like here, but dunno if they are regional difference. But i would google it. They are insurances for everything even shitty tenant, you can lower your risk with insurances but it also lower your profits.
Google is your best friend (Increase of population past/forecasts, unemployment, look up the prices) If you are interested in some properties, just drive to it some days look how the region is, talk to neighbours etc.

>>	Anonymous Tue Aug 1 18:35:49 2017 No.2928836 >>2928817 thanks bro. Some parts of USA, particularly big cities, are just as liberal as Germany. Liberal = landlord unfriendly

Anonymous Tue Aug 1 18:39:51 2017 No.2928869

>>2928708
>>2928732

If you are not a big investor. I would suggest you that your investment shouldn't be so far away from you. Big investors can buy proper managments. In my opinion for little investments it is in rare situation sustainable. Furthermore, perhaps you want or have kids, just keep that in your mind, perhaps your future kids want to move in a house.
If you show up yourself sometimes at your Real Estate, the tenants are more afraid.
But never befriend with the tenants, my father often did this mistake. Never do this, and never rent it to friends, except you know they are real wealthy and never have money problems. Because if they are short on money and they are friends it will be a twist. I mean if your daughter/son will live there with her/his spouse and pay you a friendly rent later its okay. But buy real estate, which perhaps you can use or could have a future use for you. It lower the risks and really don't rent it to friends. We made 2 times this mistake two times the had money problems and we much issues with them

Anonymous Tue Aug 1 18:45:18 2017 No.2928904

>>2928732
Like I said, that is fairly implausible even assuming you have the skills to fix any issues that may arise. Otherwise you're going to see all of your expected profits go to electricians/plumbers/etc.

Direct real estate as an investment class is just as much of a meme as gold or anything else that people like because they "own" it and it's not "just on paper" or whatever. I don't think it isn't useful, just that it probably shouldn't be more than 5% of your investment portfolio unless you're ultra high net worth/ ultra high risk preference.

I've seen plenty of horror stories given my job, but I've also watched two close friends (separate incidents) invest in direct real estate and fail miserably.

First one bought a bunch of local property because "it's cheap" (aka thousands of property investors must be wrong). Those other investors were right and the entire county went to even more shit. Dude lost most of the substantial savings he built in his 20's.

Second didn't factor in the cost of being a landlord and thought he could do it himself despite being a software guy. He is continuing to lose money to electricians and plumbers despite modest property value gains.

Anonymous Tue Aug 1 18:48:46 2017 No.2928937

>>2928869
>>2928904
I noticed a lot of Chinese immigration to Chicago. and I'm probably gonna rent to them (I am Chinese american) where would 200k be on that range? I already have places to live. I don't plan to have children ever, and marriage is not in the plan either.

Anonymous Tue Aug 1 18:51:55 2017 No.2928948

>>2928817
>>2928869

You make a lot of good points Hans, thank you. Seems that you're financially sensible as many Germans are. I wish more Americans were the same.

Based on what he's said, I'm more worried that OP made a serious decision without a proper understanding of the investment landscape. I also worry because I assume his properties are in or around Gatlinburg, TN which like any touristy area is subject to ebbs and flows of where tourists feel like going.

Anonymous Tue Aug 1 18:59:16 2017 No.2928983

>>2928937
I've also worked somewhat closely with many Chinese investors and there is a massive predilection for RE investing, which is partially because the Chinese stock market is much more difficult/opaque as compared to US equity markets. I'm not saying it's wrong, just pointing out something I've seen frequently.

Do you have the skills to act as a landlord? That should be your first concern. I don't, and it's a big part of why I live in an apartment. If my dishwasher acts up I call them and expect them to fix it within 2 days max. If you don't feel comfortable with that responsibility, I wouldn't recommend investing at this point.

Anonymous Tue Aug 1 19:00:34 2017 No.2928992

>>2928904
Thats why i said the best investments in real estates, are those who you would use yourself , or perhaps a future child of you can use it.
And buying low on real estates can pain your ass, that is right, that much guys overrate their skills.
But i would also visit the real estate with an independend electrician or an surveyor. The cost of those lower later the risks. Real estates could cost a lot of money, nerves time etc. My debilitating factor of real estate are the real dump tenants, and they call you because of fucking everything day and night. It is nice when real estates runs but if harder problems came it can be stressful. I'm atm overstressed cause other things family, health probs etc, and i wont lie about dealing with the tenants is a real big stress factor. But depends on the class of the real estates, worker real estates, i would say lower till mid tier are more stressfull. But there are even fakers, they come with the Porsche and quit paying the rent too. The tenants are in my opinion the big unpredictable factor. And of course the unpredictable repairs, but some tenants fix the little thing theirself, they are just social and not braindead, if there is a a little leak they just fix it. Other call you at 1 am and want to cut off the rent if you dont fix it until tomorrow, that is why you need a lawyer or better you know urself much about the rental laws.

Anonymous Tue Aug 1 19:09:39 2017 No.2929054

>>2928992
All good advice. When I said "investment portfolio," I meant only assets that you don't plan to make use of personally. An asset that you never plan to sell isn't really an investment IMO (unless you care a lot about your heirs).

In any case you seem like a legit landlord and I would rent from you. Think there is much of a job market for an English/French speaking CFA in your area?

Anonymous Tue Aug 1 19:11:59 2017 No.2929071

>>2928983
thanks. I don't think I have the skills, so I may have to find something else to dump my cash into. Sucks cause Chinese government is pissed at everyone trying to hightail it out of China. Don't even know how I can liquidate the old family heirlooms and RE there without paying a killing in taxes and fees

>>	Anonymous Tue Aug 1 19:12:05 2017 No.2929073 >>2928308 You're inflating the property market, buying multiple properties and then renting them to people who can no longer afford to buy. Those people could have bought their own asset but instead they're buying a landlord's property instead.

Anonymous Tue Aug 1 19:12:46 2017 No.2929081

>>2928937
I wish all the Nordafrican guys who immigrate here would be chinese, the only threat about chinese is that they will really steal your job and doing it better.
It is so sad to see so much problems in your country and nobody stops it. My real estate is atm in little cities, which will rise the next years. State invest much money in this city. The city was forgotten in the last years. I hope the price will go up. And perhaps sell it and search another country. But it is often hard to find good investments with passive income, especially in foreign countries, i know much about the rights and the situation here, i could gain the same for foreign countries but you have to learn many new things. I'm atm thinking about investing in Italy in lake regions. the coast is the same like germany full of immigrants. And you really dont want to see criminals things, sold some plastic trash or beeing robbed in your holidays. I'm not a nationalist im just for equality, the problem is that here are really refugees who want live in secure for some years, but they are the minority. The minority who need really refuge here have to pay soon for the misbehavior of the majority of the refugees, which are unwillingly to adjust to this western country. But this belongs to pol.

Anonymous Tue Aug 1 19:17:24 2017 No.2929113

>>2929081
Thanks for the kind words. Likewise, my German coworkers are some of the most pleasant. Our country's economy being a shitshow is probably why we're all bailing out here. My family won't even go to Europe on vacation cause of the recent migrations haha :(.

Anonymous Tue Aug 1 19:18:27 2017 No.2929119

>>2929071
Happy to help, you're in a tough situation if you have a lot of RE/hard assets still in China.

Depending on their estimated value, it may be worth talking to an attorney who specializes in this stuff in Chicago. I'm sure there are many. Or maybe better, use that cash to go to law school and do it yourself. A good Chinese American attorney who knows a lot about that situation and has the language skills would have massive earning power in just about any major city in the US/Canada.

Anonymous Tue Aug 1 19:22:46 2017 No.2929153

>>2929119
Thanks! How did you guess I was an undergraduate haha. Unfortunately I am already too far down the biotech track to switch to law, and all my law school friends are white and have no interest in Chinese economy. This is a very interesting niche tho

Anonymous Tue Aug 1 19:24:08 2017 No.2929162

>>2929054
Really depends, what you want to earn. In little cities like im living, there are less job in the bank sector. Frankfurt, and Stuttgart, and Berlin would be places for you to live. I think Stuttgart would be the best because the Frankfurt is getting more cucked.
I'm got a degree myself. I studied Eng. + Economics. Specialised in Economics on Risk Management and in Eng on process engineering it helped me much for my self employment works. But like i said above, i'm atm near the border on overstressed and like burnout, thought i could never get this but it could hit everybody. I'm atm thinking about cutting down. Outsource some work of the real estates. searching an 25h week job and perhaps do the rest trading stocks. I want to live a months or if it is nice longer at a nice place. Thought first about NZ , but it is far away from here, now i'm thinking about tenerife. Nice weather internet is stable and its european.
Why you don't try the self employment way. Much guys in your position are working some years for experience and then working for their on (swing trading) and nearby on daily basis advisor for private people or firms for a monthly safe income

Anonymous Tue Aug 1 19:31:31 2017 No.2929215

>>2929153
Fair bet most of the time haha. This board draws a lot of people who have doubts about their financial decisions, and undergrad is where it mostly comes up.

It's even better that you don't invest in RE then, because a lot of the high paying biotech jobs in the US are in SF/SD (with many exceptions). If you are good at what you do (not a given for a lot of Chinese at my university, no offense), you'll have a high paying job out of school and you can worry about RE investing down the road.

Anonymous Tue Aug 1 19:35:49 2017 No.2929254

>>2929113
>pleasant.
That is the intrinsic problem of the working people in germany. And mine too, i try to help everybody, even if im laying atm in the bed and overstressed, pain everywhere in my bones, heacache i trying to help some anons. Perhaps im just hoping for karma deep inside. I'm a non believer but nobody is 100 % atheist. And i think this is the problem of Germany. We are too pleasant. Not all germans becoming more stupid more and more. But the upper low class till the upper class i would say. The leftist social werfare parasits don't care, they don't see problems if 20m immigrants are here, because they don't pay taxes, they just too stupid to see the economical coherences. And that their stupid opinion could be hard times for their kids. But i think many germans are intrinistic guilty for the history, especially because you get remembered everytime for it in every country on the world. I didn't have anything against jews,. I met a orthodoxe jew some days ago. (sold him private a car). He immigrated from Isreal, got here 3 kids, but you see the will to work. He asked us for jobs, hes working and would work day and night, whereas you see immigrants selling new Samsung S8 in facebook groups of refugges on daily basis. Normally they couldnt afford them so they locigally stolen. Im even not against welfare takers if you have health problems and really cant work, thats how social system should work, but this abuse of this system by making 15 kids from 15 fathers to get child allowance. There is so much wrong atm in the country, which makes me really depressive, i really need to cut down to read the newspaper, but i have to because of my private stock trading and then i go to other newspaper section and read the daily shit again..

Anonymous Tue Aug 1 19:35:53 2017 No.2929256

>>2929162
My specialty is more asset management than banking, but good info nonetheless.

IMO swing trading isn't a job, it's a hobby. You rarely hear about swing traders (or traders at all) hitting it big. This sub is all about that, but I'm not.

I work in wealth management, and I'm sure there are many Germans who would like an American who has ties to the US markets managing their money. Could be wrong. I've been to most major cities in Germany besides Stuttgart so I'll have to check it out. Thanks!

Anonymous Tue Aug 1 19:36:02 2017 No.2929258

>>2929215
No offense taken, I'm probably shit at BT. It's actually my backup when I fucked up my last round consulting interviews, and my GPA is too low for bulge bracket ibanks. I honestly envy my friends who got in during recruiting. I figured some sorta low intensity job comboed with RE or small business ownership would be a way for me to save face (cause Chinese) since my only advantage is starting capital (and maybe shorter working hours). I really don't want to rot in BT industry making half what they do

>>	Anonymous Tue Aug 1 19:40:36 2017 No.2929286 >>2929254 Yeah :( We chinese prefer to think that the problem is that Germans (and French) are too kind for their own good, like the farmer saving the venomous snake from hypothermia in Aesop's fable.

>>	Anonymous Tue Aug 1 19:41:36 2017 No.2929296 >>2929258 Consider taking L1 of the CFA exam in your last year at undergrad. Networking will still be important, but having that under your belt would be huge in terms of demonstrating basic financial competence during interviews.

>>	Anonymous Tue Aug 1 19:44:52 2017 No.2929330 >>2917727 >having kid at 21 you need more than 20 apartments to make it work brother

>>	Anonymous Tue Aug 1 19:45:52 2017 No.2929340 >>2929296 Interesting. I took the CPA P exam for shits and gigs. I always thought CFA exams were for people further in their career, with a few years of experience on the sellside. My cousin took it shortly before entering PE

Anonymous Tue Aug 1 19:51:23 2017 No.2929376

>>2929340
I'm a CFA charterholder working in PWM in the Midwest. Nothing is a substitute for experience, but passing L1 demonstrates knowledge of basic concepts in a big way. If I'm interviewing someone, that counts for more than a degree from University of Chicago/Northwestern/wherever you go.

If you want a low intensity job, consider networking with people at local wealth management firms. You'd have to be lucky to get hired (as I was), but I work about 30 hours a week.

Anonymous Tue Aug 1 19:51:57 2017 No.2929383

>>2929256
>wealth management
I tried all kinds of trading and think that long-term just put in money and wait for it or swing trading are from stress to gain factor for me the best. But you're right. The most traders make money with giviing the information how to make money to others, but nobody is making the real money. Some do ponzi schema, thats what you thought about OP. But you're right if your making much money in short time, either you have a very brilliant idea (which is mostly then luck), or you have just luck , winning lottery, buying eth at 5 dollar and selling it at high ( im pretty sure nobody who looked daily at his depot did this, but i read about guys who forgot about theyre cryptos and millionaires now) or your work isn't criminal, drugs , ponzi schemes, and so on. Best example are this global youth entrepeneurs (jeunesse and this shit).
But i'm pretty sure if you are good educated there is job for you. I learned much about my life last years but all of my time in gaining money, but if real health problems rise, then money really can't help you , thats why i switched my mind a little bit. I'm atm more for good work-life balance, and working in a nice country. I dont like cold weather and not too hot. But you should google about Germany. It isn't atm so hard that you go out and be murdered by a refugee, but i think we need a big change and stop lying about the truth. If this doesnt takes place then i see big problems. Sometimes i really dont know which country could be a good place to live on longterm and probably die, i googled so much, i'm not dependend and would move on, but there are good countries, south america, Canaries, NZ, to live, but its hard for people outside of the touristic branch to find a good job, thats why i try to be self employment, i wouldn't need so much. Health care is a big factor, i own a big real estate with big apartments, but if im honest i just need 15m2 with 100mbit and a balcony in a nice country, and a nice car.

>>	Anonymous Tue Aug 1 19:57:29 2017 No.2929417 >>2929376 Props for guessing my school too. I'm a "burnt out gifted child" like that bingo meme, but L1 CFA beats whatever bullshit PHD quals are waiting for me on the other side of hell any day of the week

Anonymous Tue Aug 1 19:59:47 2017 No.2929430

>>2929383
You'll be fine drunk german bro. When I talk about wealth management, our entire goal is to invest for the client in the way that matches their goals over a long period of time. Obviously there are misses, but if we are able to properly assess their risk than we can work out a strategy. It is pretty fun honestly; you get to work with a lot of successful people and learn what makes them tick.

In some respects, I wouldn't be surprised if Germans always prefer to invest for themselves.

Anonymous Tue Aug 1 20:02:29 2017 No.2929444

>>2929286
Ye this "overkindness" is the problem.
I feel the consequences of living this now.
I put all my efford in studies, and nearby making money, and then helping friends and trying to fix some toxic family problems. My father is self employed and did this same. Working till 70 hours a week in stressful management jobs. Im pretty sure he was in my older at a same point, but he used alcohol to cut down the stress.
My body gives my severe alerts, but its hard to change behaviors, but i'm trying.
Money to have and gain is nice, but there are often shady sides other people don't see because the people can hide them very good.
But ye lets hope you guys find a good proper Real Estate, the other CFA guy a nice job in a country he likes and i my inner silence and satisfaction in a nice country. Hope i could help you active posters and other readers to gain a insight of Ger and some hints for Real Estates. Have to go move on.

Anonymous Tue Aug 1 20:02:33 2017 No.2929445
File: 81 KB, 736x876, 1501164301218.jpg [View same] [iqdb] [saucenao] [google]

>>2929383
>really dont know which country could be a good place to live on longterm and probably die

southern france my man
cote d'azur is where old wealthy men come to die (and young retards come sell crap to faggot tourists)
it's a very comfy place to live

>>	Anonymous Tue Aug 1 20:04:44 2017 No.2929459 >>2929417 Well best of luck to you. If you want any more specific questions, email: 20172102e@gmail.com

>>	Anonymous Tue Aug 1 20:09:36 2017 No.2929487 >>2929445 My family is from the French part of the Basque country; can confirm that it's pretty cozy. Can also confirm that it would be kind of a bummer if you don't speak French/Spanish/Basque

Anonymous Tue Aug 1 20:14:45 2017 No.2929528

>>2929430
>drunk german

That was big problem of my life until now. I never drank so much. Alcohol in right dose is a good stress medication, but its hard to find the balance. I never had compensation for the stress, thats what i put as a little hint for the younger readers, which i also learned. The big money live has also their costs. Would be fit in "wealth management". I get known with some high tier people, one is owning a helicopter, other has big car collections, other fuck high class hookers. That was the problem, i never thought i need it, just move on. Thats why i calming down a little bit and find my inner earth, before i can move on to the next level. That is the problem about biz a little bit, there are less makers, was in early times a little bit better, there is much hate, and bragging. But sometimes there are good threads. But like i said have to move on just wanted to clearfiy that with alc. Never even did other drugs, except 1 blunt half year ago with age of mid end 20s. Neither did much alc in University, drank in whole studies so less as a normal student drank perhaps in one weekend. But i fight to get back my form and learn from my mistakes.
And look it up for wealth managent , i googled it when you mentioned it the first time, i knew about it before but never had it in uni, if you want a job abroad don't lose time, the most people doesn't make changes if they are older then 30-35 because the comfort zone is then mostly much bigger then the motivation to change

>>	Anonymous Tue Aug 1 20:23:52 2017 No.2929598 File: 40 KB, 480x356, 1501615656072.jpg [View same] [iqdb] [saucenao] [google] New thread >>>2929561

>>	Anonymous Tue Aug 1 20:24:05 2017 No.2929602 >>2929528 Sorry, didn't mean to touch a nerve but it seems you're doing well now. I've read that South Africa may be best for someone like me and it sounds like an adventure.

Anonymous Tue Aug 1 20:36:55 2017 No.2929711

>>2929602
you didn't touch a nerve , i meant it for real that it was a failure to be such a life analyst i calculate much risks and cut off much of my life. A relative works in South africa (solar sector), i really tought about that too. I was mostly of my live at pc and the other i worked or studies, in the last 3 months i become a little desire for the nature. I always had a desire for animals because i grow up always with animals. I would definitely move abroad if my physique will become it old state. I really thought about it too because the trash people leave the country, in africa there are european settlers and colonies, countryside is nice and its going up, problem is the high criminals rate, but i saw tight models going there for months, i take often calculated risks with my investments, but never did with my life. Perhaps we'll see us there :D, just hold your email you posted long time, i always save them and if ithink its the right time i contact you.

>>2929445
never was there, but a friend said its also a good place to be. But i think it is perhaps too expensive. The other problem is, that if your country has cancer, and france has it, too. It can spread to the whole country. I really thinking on short term on lakes in italy, but same problem as france, and long term Canaries, was on tenerife it is a nice place to be, but i would need perhaps an 800-1k job there, and outsource the work of the real estate or sell it here to live the livestyle i actually want, but i googled the girls there and they looked a little bit chubby like OPs wife and i prefer the eastern europe girl, and skinny. At least i prefer tight girls with tigh gaps :D
>>2929487
So why you dont move back to spain,spain and italy has also big financial sectors.
My big problem is i'm totally not talented with languages. I can read and understand a language very fast and easy,but writing and especially talking it is quite hard, i learned to much economics and mathematic things in my life

Anonymous Tue Aug 1 20:42:53 2017 No.2929760

>>2928602
I put $130K down + a lien on my office which I owned free and clear. The office appraised at $180K. Both of those was my 20% down payment.

>>2928948
Even if my apartments are near tourist areas, I'm doing residential, not nightly rentals.

Please move to the new thread >>>2929561

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