Just buy real estate and live off rent

[Anonymous No.49550955]

[Anonymous No.49551003]

I have real estate actually 4 properties and I live off of $10k rent per month.
I sold one property and invested in a startup and now I have 3 properties but earn my income is $22k per month.

SO YEAH PROERTIES F YEAH.

[Anonymous No.49551026]

>>49550955
When companies go bancrupt they are forced to sell their real estate means the housing market makes boom and rents will be dirt cheap

[Anonymous No.49551040]

>>49550955
you are assuming there will be tenants
don't be so sure
where we are going humans will be much less

[Anonymous No.49551075]

>just buy investment property
>wait… what do you mean you can’t? Aren’t you a childless incel SWE who never goes outside? Stop having kids and living a normal life you loser, you have to a sexless shutin genetic dead end SWE with little to no expenses if you want to make it

[Anonymous No.49551105]

>>49551003
>I live off of $10k
Gosh anon, how do you manage to pull it off?

[Anonymous No.49551107]

>>49551003
and then everyone clapped

[Anonymous No.49551113]

>>49550955
>Buy a property
>Rent it out
>Constantly calls you fix shit
>Can't afford rent
>Try to kick them out but can't because muh moratoriums
>Finally able to kick them out
>They damage the property as much as possible before they go

This will rarely happen if you're good at selecting tenants but it's only a matter of time...

[Anonymous No.49551166]

>>49551105
I inherited everything.

But I am a CHEF but retired but basically I can earn 10k month for being a CHEF too

Not a cook.. a CHEF. big diff and 5 years of experience worth of it.

[Anonymous No.49551267]

>>49550955
how i get the money?

[Anonymous No.49551495]

>>49551113
cope. I bet you don't own any properties do you?

[Anonymous No.49551528]

>>49551113
Spotted the rentcuck or USfag where renters are inheritably shit.

[Anonymous No.49551602]

Boomers were right all along

[Anonymous No.49551608]

>>49551003
Based, good on you anon.

[Anonymous No.49551623]

>>49550955
>just buy real estate at the absolute peak bro

[Anonymous No.49551630]

>>49550955
Why do women look so much hotter with their mouths full?

[Anonymous No.49551666]

>>49551623
Kek

[Anonymous No.49551761]

>>49551113
I don't know how this is possible. In my country they have national databases. If you fuck-up as a renter by damaging stuff and not repairing it, you'll have a tough time ever renting again. I remember the automated system I use to pay my rent stopped working due to a bug and I missed transferring the funds on rent day. I got a threat to evict me from the premises two days later in the mail. It seems impossible to consistently be a bad renter because everything computerized and automated.

[Anonymous No.49551808]

>>49551630
It's 'cause you're thinking with your dick.

[Anonymous No.49551838]

>>49551166
Life is so unfair, you want to be called a chef but people just call you cook. Truly a dog's life.

[Anonymous No.49551997]

>>49551761
Which dystopian shithole is this

[Anonymous No.49552032]

>>49551026
This is cope from forever rent slaves. I've been warning you morons for a while now. Rent is never ever coming back down. Even if the price of buying a home goes down, rent will remain as high as it is. Why? Because you've proven you're willing and able to pay this monthly rate and you have no other options.
You will own nothing. And you'll be happy.

[Anonymous No.49552059]

>>49552032
dude the last crash happened like 15 years ago, its not like the housing market never crashed before
its just a matter of time

[Anonymous No.49552060]

>>49551761
We just have credit checks for that here.

[Anonymous No.49552063]

>>49552059
And the last one before that?

[Anonymous No.49552076]

>>49552063
the housing market was not filled with investors pre 2000 dumbtard

[Anonymous No.49552091]

>>49550955
the amount of brainlets I know that keep pushing this advice on me irl is staggering
starting to think I might be the brainlet but the principle holds, if they zig I have to zag and investment properties are NOT an individual investor's game, leaving that shit to blackrock
>but anon just set it and forget it
>just get a zoomer intern to manage your airbnb
>just pay the mortgage using rent money
sounds good on paper but as with anything if it sounds too good to be true then it probably isn't

[Anonymous No.49552255]

>>49552076
You're on a never ending cope train. It's harder now than ever to buy homes with all of the qualifications required. People are pulling out of stocks and buying real estate. You're going to be a rent cuck for the rest of your days.

[Anonymous No.49552408]

>>49551040
I'm buying property to store my human cattle slaves.

[Anonymous No.49552432]

>>49550955
>just buy 1,5 million worth of property
a little late for the advice

[Anonymous No.49552726]

>>49551761
>totalitarian control is the key to keep the system a live
bravo

[Anonymous No.49552732]

>>49552432
You know there are places that aren't California or New York right?

[Anonymous No.49552792]

>>49551003
3 rental anon here
1 gets 2800
1 gets 1400
1 gets 2200

Where the fuck are you renting these
Also you arent living off 10k rent a month that's fucking poverty tier
You have to pack back taxes on all those property gains throughout the year
then you gotta deal with retard tenants breaking shit and believe me these retards break shit

Then you have to have landlord insurance on your properties
Then you have do maintenance
You don't own shit
Owning property is a massive thorn in my fucking ass.

The overinflated prices are my only saving grace and knowing my luck ill fucking go to sell and the market will crash 5 minutes after listing

where the fuck do you own property faggot
I call massive massive bullshit

[Anonymous No.49552809]

>>49551630
Stops them speaking.

[Anonymous No.49552824]

>>49551075
who are you quoting?

[Anonymous No.49553838]

>>49551003
do landlords really make this low profit? lmoa and people i know shit on them all the time

[Anonymous No.49554962]

>>49551761
This sounds pretty based. Where does this happen?

[Anonymous No.49554988]

>>49552060
This only works if the landlord has the ability and the will to report them.

[Anonymous No.49555019]

>>49551113
landlord here
cash first
no contract unless the tenant is smart enough to require it
no niggers
no white trash
no kids
no pets

[Anonymous No.49555063]

>>49551761
What country?

[Anonymous No.49555121]

>>49550955
>dude just buy real estate at the housing bubble top

[Anonymous No.49555145]

>>49555019
If I could actually say this it would saveme so much time. Another trick is to charge people a processing fee when accepting their application.

[Anonymous No.49555245]

You can also leverage the uh rent payments for certain favors if you want.. I mean plenty of stay at home moms and shit while the dad's at work.. Situation now, inflation, etc is just begging for exploitation.

[Anonymous No.49556086]

>>49550955
not worth the hassle of dealing with 'tenants'

[Anonymous No.49556115]

>>49550955
got a cheeky £45k offer in on a lil property right now... fank you

[Anonymous No.49556351]

>>49551113
>This will rarely happen if you're good at selecting tenants but it's only a matter of time...
yes

i lived in a flat over a shop in sunderland in the uk for years. there was one other paired with it via a corridor. students usually rented it. you had to be employed, obtain references, go through a third party background check, deposit, rent advance.

people where actively dealing smack outside. we got a new nextdoor neighbour, and their tens of friends, eventually. guess who! all the smack heads. absolutely trashed the place in about two weeks. they could have been there 12 months even after being issued with an eviction order but disappeared quicker than that after they'd predictably fucked the place and address up enough. it was a decent, clean, modern flat as well. which they didn't pay any deposit or rent in, because the landlord felt sorry for the girl that initially approached them.

[Anonymous No.49556369]

>>49555019
based

[Anonymous No.49556391]

>>49551838
>Truly a dog's life
whatssat?!

[Anonymous No.49556396]

oh fug, it's really that easy huh? just buy property and rent them out?

[Anonymous No.49556433]

>>49550955
you mean buy duplex for 150k and get at best 1k a month and have to wait years to make up the 150k you paid into it?

[Anonymous No.49556464]

>>49552255

This. Housing market won't crash again.

[Anonymous No.49556642]

how do you get to a point where you can buy multiple properties though
i mean i can buy maybe one small one, an appartment for myself
but 3? nope

[Anonymous No.49556715]

>>49552792
only realistic post in this thread.
You get fucked with taxes and maintenace so much, that if it wasn't for value preservation, you might as well just rent

[Anonymous No.49556749]

>>49551003
You can tell this is bullshit. Try again faggit.

[Anonymous No.49556772]

>>49551166
You keep saying present tense lies then saying but actually it’s past tense. You did it twice and I’m pretty sure you’re a basement dwelling skid mark. By properties do you mean how many piss bottles you own?

[Anonymous No.49556773]

>>49556433
What are rising property values

[Anonymous No.49556820]

Just stake and live off interest. Why deal with tenants?

[Anonymous No.49556841]

>>49553838
he's larping. landlords make even less than that. i ran some numbers on single family homes in my area (suburbs of philly.) $250k house might bring in $250-500/month after all budgeted expenses. that's before taxes. so you're essentially tying up $50k cash, based on a 20% down for a commercial mortgage loan, to make $250-500/month. and if you get a bad tenant then that can destroy your cash flow for years e.g. some shithead floods your place and you need professional flood remediation to prevent mold (condemnable offense) then that's $5-10k.

it's only profitable if you can swing it in one of a few ways.

1. you're friends with local government and local businessmen and can insider knowledge on upcoming tax auctions, foreclosures, etc.

2. you have good home improvement skills or are really good friends or family with a general contractor who can give you good prices and reliably complete work on a defined schedule (as opposed to most contractors who overcharge you and stretch out a 3 week project into 6 months because they're drunk and lazy.)

3. you buy a multi-family home and do the house hack meme. downside to this is obvious: you share walls with rentoids. also most multi-family homes are in densely zoned areas so you probably don't have a nice lawn, a garage, etc.

[Anonymous No.49556850]

>>49551113
>not damaging property as much as possible before you go
i hope you guys don't do this. fuck landlords

[Anonymous No.49556898]

>>49550955
I enjoyed not paying rent during the pandemic and saving it all to buy my own house.
I think my landlord even went bankrupt because he legally couldn't evict me.
Fuck landlords.

[Anonymous No.49556935]

The landlords who make good money, bought many years ago or bought in underpriced areas. My rental pays itself off in 8 years if I were to put all income after tax into the loan.

[Anonymous No.49558118]

>>49552063
>>49552059

[Anonymous No.49558142]

>>49558118
not shown is the really big one during the great depression

[Anonymous No.49558272]

>>49556841
there's actually a much better way and i know about this cause my dad knows some people who do it and he's mentioned it to me. there are these like private investment groups you can try to join and they all go in on building like a big set of condos or something on a popular lake shore or the beach or whatever, it all gets built, managed and shit by other people you just put money in and get money out as they make money off it. I'm not sure what the starting point for something like that is but it must make great returns cause it's become unbelievably popular (and is ruining the views on a lot of beautiful lakes)

[Anonymous No.49558342]

>>49558272
that's also an option but they typically have minimum investment requirements and they likely profile your financial acumen and your general risk profile.

[Anonymous No.49559178]

>>49550955

Thanks. I did. Many years ago.

Thanks to covid my weighted average interest rate is 3.07% on 3.7 million in fixed rate debt.

[Anonymous No.49559193]

>>49550955
the psuedocommunist revolution pushed by the fed and israel will ruin this sadly

[Anonymous No.49559208]

>>49551075

hello femoid

[Anonymous No.49559699]

>>49551630
Because they aren't able to tell you their stupid "opinion" about anything

[Anonymous No.49560078]

>>49552726
>>49552792
go back

[Anonymous No.49560744]

>>49556642
If appreciation occurs over a few years, you can do a cash out refinance and take that sum, plus savings, and apply it to another property. I have a rental at 2.8% for 29 more years. It cashflows about $600 per month plus mortgage paydown is about $250 each month. With improvements I made and increased valuations I could refi at 5%, pull out 40k and still cashflow about $300 per month. Then buy another property that cashflows. Essentially reuse the same money buying more. Leverage is to be used with caution.

[Anonymous No.49560815]

>>49559178
What is your monthly cashflow after PITI and maintenance, vacancy costs? I have 2 sfh but am afraid of over leverage.

[Anonymous No.49560892]

>>49552076
1987 real estate crash was pretty bad.

[Anonymous No.49560902]

>>49550955
Living in a third world cunt this is basically what I do and you rent it out in $$$ not my shitty currency it basically covers my living expenses alltogether.
I don't know about firsties though who actually have to pay huge taxes n shit.

[Anonymous No.49560972]

>>49556841
I had a retard flood the house. It cost us 20k to fix and several months without rent.

[Anonymous No.49560992]

>>49550955
I could do this but I don't because it's morally repulsive. >>49550955

[Anonymous No.49561131]

>>49552255
You think making it hard to buy a home increases prices? Jesus fucking cope. It's literally crashing right now and interest rates are just going to keep climbing for a year.

[Anonymous No.49561380]

>>49561131
No it's literally the opposite. You can't claim today is like 2008 "because muh prices are high" when it's not easy to buy a home anymore. The people buying are more than qualified to pay the loans and so there won't be a crash. Cope all you want.

[Anonymous No.49562522]

>>49561380
The people who have been buying are speculators using cash from equity loans on other properties.