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/biz/ - Business & Finance

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53644477 No.53644477 [Reply] [Original]

>collecting rent
>$1,800/month
>mortgage is $600/month
>living in the basement
>not driving
>expenses are $100 for food
>pocket $1,100/month while I play vidya and browse 4chan

>> No.53644515

>>53644477
What's the basement like? Do you have a kitchen and bathroom?

>> No.53644550

>>53644515
Yeah, I have a kitchenette and bathroom. I eat ramen for lunch and dinner. I have a bagel and coffee for breakfast.

>> No.53644574

>>53644515
The basement is comfy. It's my own closed off space from the rental unit. I have a TV set up with Xbox and a couch.

>> No.53644602

>>53644515
I play GTA and Forza most of the time.

>> No.53644628

>>53644550
You should be eating vitamin supplements if you arent doing that already

>> No.53644631
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53644631

>>53644477
Very nice anon. Also wagie hate thread.

>> No.53644655

>>53644477
Checked
What about lighting though

>> No.53644656

>>53644477
People are okay with their autistic landlord living downstairs with an $1800/month lease?

>> No.53644661

>>53644477
Based.

>> No.53644688

>>53644656
If he lives in jew york / LA / london sure

>> No.53644710

>>53644574
ha you are like a neet wizard of oz for the rentoids. pay no attention to the man behind the curtain. haha

>> No.53644729

>>53644477
I do something similar; instead of living in the basement, I rent that out too and just live with my parents. Feels good having a good relationship with parents; made me realize how important having a family is

>> No.53644734

>>53644477
$100 food for a month? Teach me.

>> No.53644866

>>53644734
He eats 2 bags of ramen and bagel a day

>> No.53644890

>>53644628
I put eggs in my ramen for protein
>>53644655
Lighting is good, I have a ceiling lamp and floor lamps.
>>53644656
I rent out the rooms at $600/month
>>53644729
I might do this. My dad lives in a different state, but I could get free rent there and pocket an extra $700/month from the basement.
>>53644734
I eat only ramen.

>> No.53644919

>>53644890
What brand of ramen? I like shin ramyun black but I can only get the red.

>> No.53644955

>>53644890
vitamin supplements add other stuff too

Ur not getting everything you need if you just eat ramen, eggs and bagels

>> No.53644956

>>53644919
I eat Maggi ramen. I make it extra spicy and add peppers to it.

>> No.53645001

>>53644890
Eggs are good. Beans are cheap too

>> No.53645019

>>53644477
there's worse ways to live life

>> No.53645053

>>53645019
Haha. I'm living the dream. All I want to do is play vidya, fap, and pocket some money every month.

>> No.53645060

>>53644477
landlords are leeches

>> No.53645061

>>53644477
test

>> No.53645084

>rent is $1800
>this includes having your landlord live with you
Holy fuck burgers its so fucking over. How much does it cost for an apartment without your landlord bunkbed? $3,000?

>> No.53645131

>>53645084
I rent the rooms for $600/month, 3 bed room. Not a bad price.

>> No.53645147

>>53644956
This is not right one of friends used to do it got hospitalized. It's okay to invest in food. Always buy fruits milk and eggs mutton every now n then. Get into sports or mma. You're all set.

>> No.53645150

Living on ramen and spending every waking hour glued to a screen in a basement and getting $1000/mo. As a reward doesn’t sound that far off the famous WEF pod&bug life.

I hope you are genuinely happy anon because it sounds pretty depressing

>> No.53645206

Aight I'ma just kill myself then. Fucking scumbags

>> No.53645243

>>53645131
is this a halfway house anon kek

>> No.53645255

>>53644550
>I eat ramen for lunch and dinner. I have a bagel and coffee for breakfast.
you are mentally deranged

>> No.53645266
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53645266

>>53645147
I put veggies in my ramen and eat oranges. I drink milk too. My dad does construction, he can get some dumbbells for me from one of the work sites. I have 1.5pl8 bench.
>>53645150
Gotta do what ya gotta do to save and invest. I shun outdoor outings in favor of GTA and Forza.

>> No.53645341

>>53644477
Did you work a job long enough to get a good down payment on the property you’re renting or was the property an inheritance?

>> No.53645376
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53645376

>>53645243
I rent to Asian students. They're very clean and quiet.
>>53645255
If I save $50/month on anything, I'm happy.

>> No.53645379

>>53645266
Stay away from noodles

>> No.53645472

>>53645341
My dad bought the house for me and made the down payment. He's a Realtor so we saved a bunch on fees.

>> No.53645529

>>53644734
Try $0 faggot. I go to foodbanks twice a week and pay NOTHING. About to apply for snap and spend $50 a week of it on meat from sams club.

>> No.53645557

>>53645150
>As a reward doesn’t sound that far off the famous WEF pod&bug life.
Whats your reward as a wagecuck besides 19 hours a day being spent in the cage, commuting to/from the cage, and sleeping in just to go back?

>> No.53645608

>>53645472
Cool dad, enjoy your comfy land-lording and treat him well

>> No.53645810

>>53644656
it's a larp. i see all this "real estate hacking" and it's all dependent on charging unrealistically high rent on a sub-par rat hole. no one is paying 1800 to bunk with their landy in the basement in the same place you get a 600/month mortgage

>> No.53645874
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53645874

>>53645810
At least read the thread, retard.

>> No.53645890

>>53645810
OP may very well be larping but this is not impossible or even difficult. Multifamily units exist and even single family homes can be easy to rent out in a college town. If OP put a large down payment i believe his story, lots of people would give their kids a few hundred grand to buy a property

>> No.53645934

Idk where you are in the country, but please do a radon test especially if you live in the basement and get abatement if your levels are high.

>> No.53645944

You go through all this trouble for a measley 1k a month lmao

>> No.53646006
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53646006

>>53645944
It's $1,000 saved/month.

>> No.53646038

If you did it once, why not do it a few more times and get some real income going to you can afford to live a proper life?

Nothing against the frugality but that doesn't seem sustainable forever.

>> No.53646067

>>53645944
what trouble?
you should see the trouble people go through to get 1k gibs from gubment

>> No.53646102
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53646102

>>53646038
I just started out. I'm buying another property once I have enough saved. I'm still keeping the same frugal habits when I get another house.

>> No.53646118

>>53646102
Congratulations, anon. Sounds like you got it figured out.

>> No.53646259
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53646259

>>53645944
>trouble

>> No.53646266

>Live a 3 min walk from a college campus.
>My place is always high in demand because of this, I get to pick who I rent it out to out of hundreds of applicants
>Rent it out to 17/18 year old freshman girls
>After they move out, Repeat process
>Free pussy for life bois

>> No.53646281

>>53646266
Larp. You would get metood so fast.

>> No.53646298

>>53645890
>even single family homes can be easy to rent out in a college town
this is the kind of re investing I'm curious about. in senior hear of college my friends and I rented a place from a pajeet landlord. aside from the college age tenants treating the place rough and possible vacancy during the summer months, it seems like a good investment opportunity. rent is often paid by the parents or they sign on as guarantors. if people are especially troublesome, they are usually out by the end of the academic year. on the other hand turnover can be annoying since you'll have to do maintenance pretty regularly before the new set of students moves in.

>> No.53646343

Based
How old are you, anon? I plan to get this done soon too
Fuck wagecucks

>> No.53646419
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53646419

>>53646343
I'm 28. I started late, but I'm saving aggressively to catch up.

>> No.53646434

>>53646419
You're young af kid, I'm probably nearer your dad's age lol

>> No.53646534

>>53646298
I used to work with some guys who would buy houses together to rent out in a college town. This was before covid and I imagine they're set for life now. They would do essentially what OP is describing, rent out rooms in the house to students or coworkers while living in one of the rooms. If you live in the house for 3 years you can sell it with no cap gains tax.

>> No.53646538
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53646538

>>53646434
Yeah, but my dad had this planned since I was 23. But I completely forgot about it. Still pissed. I eat ramen every meal to save whatever I have.

>> No.53646566

are you aaron clarey

>> No.53647121

>>627165024
The fact that you're so confused about how this works is why women should be kept away from math.

>> No.53647197

>>53646434
>ur young af bruh, no cap im prolly more like ur zaddy's age

>> No.53647506 [DELETED] 

>>53645266
Those damn noodles are gonna kill you sun.
Seriously double your food budget and eat more varieties of fresh food, nuts,meat etc. And sunbathe half an hour at noon everyday. And use anti UV- Bluelight glasses.

>> No.53647630

>>53646006
1,000 a month savings is better than most people. and in time you will be ready to put a sizeable down payment on another house and rent it out as well.

>> No.53647996

>>53646259
Based $3k a month doing basically nothing

>> No.53648065

>>53645266
What area is this in? I assume you bought the house during low mortgage rates?