Real Estate Thread

[Anonymous No.53850876]

I'm renting out to students. I can get 7 bedrooms out of a 5 bedroom house with a basement, 2 bedrooms from the basement. The going rate for these rooms are $650/month. The houses go for $100k. My rent collection will be $4,550/month. I also get to visit my college campus on a regular basis so I have a personal interest in this area. I plan to have 100 of these properties in the area. AIGMI?

[Anonymous No.53850902]

>>53850876
>I plan to have 100 of these properties in the area.
hello 17 year old mixed race teenager

[Anonymous No.53850903]

>>53850876
University is a bubble funded by lending and won't last forever. That bubble will pop and when it does your investments will get flushed down the toilet.
and to be honest this does not even take into the fact that universities are destroying themselves with diversity. privileging negros is not a recipe for long term success.
tl;dr your success depends on the ability of the FED and the US government to keep the wheels of their clown car from falling off.
Is that a bet you want to make?

[Anonymous No.53850927]

>>53850903
I like betting on the government, it's really fun. Has been going great for the past 15 years. People are still flooding into college education. And with AI advancements, enrollment will keep growing.

[Anonymous No.53851501]

I need $10k to start.

[Anonymous No.53851578]

low effort troll

[Anonymous No.53851611]

>>53851501
I could have started in 2018 ok

[Anonymous No.53851694]

>>53850876
>plans on owning 100 units
>doesn't even have 10 grand

what color is your skin

[Anonymous No.53851704]

>>53850876
students are generally the best types of renters because they tend to be good rule-followers plus they're only in town for the 4-5 years to get a degree and then they move out. This is great in rent controlled markets because you don't have to worry about scum rentoids living in a below-market unit for 30 years

4.5k rent/mo x 12 months = 54.6k in gross rental reciepts per year. Assume a 50% margin for opex, utilities, taxes = $27.3k in net operating income per year, which is basically a 25% cap rate on 100k purchase so unless the seller is completely retarded or there's deep issues with the property you're not aware of, that's a steal.

[Anonymous No.53851775]

>>53850876
>I'm renting out to students. I can get 7 bedrooms out of a 5 bedroom house with a basement, 2 bedrooms from the basement. The going rate for these rooms are $650/month. The houses go for $100k. My rent collection will be $4,550/month. I also get to visit my college campus on a regular basis so I have a personal interest in this area. I plan to have 100 of these properties in the area. AIGMI?

This is the epitome of Jewish usury. I lived in a house like this for almost a year. It was awful living with that many people.

The house took a lot of wear and tear from partying and just being young retards. It will be a massive headache but potentially profitable.

One guy I lived with was paying his rent 6 months in one lump sum from his student loans and the landlord gave him a discount.

Many will be late on payments so its a decent strategy

[Anonymous No.53851794]

>>53851501
You don't even have $10k?
Nice LARP retard. Bet you don't even have the slightest clue as to the upkeep of these building. Have you ever used a drill in your life

[Anonymous No.53851888]

>>53851704
Multi property owner here.
I found that it's difficult to predict problems based on profile. I have had good experiences with students in general contrary to the popular belief.
Also had a couple of really bad ones, left the flat in dire state and ghosted me to avoid paying the extra fees (the deposit did not cover the costs).
But it also happened to me with families so you figure.
The ones that have consistently been problematic are groups of young professionals. First job, 25 something, sharing a flat, are the worst. They party all the time and cause ruckus which annoy the neighbours.

I have a 3 bedroom unit that is close to a university here (15 walking, 5 mins biking) and I have been on an excellent streak of exchange students from Europe and Asia.
Usually quiet girls from posh schools, they posted our details in their uni back home so the next batch always reaches out. I'm getting 1000 USD for it every month (average rent here is 300 USD) ans they are mostly quiet and respectful.
I give them small services like picking them up at the airport or zoom calling their parents beforehand etc to keep the experience level high and secure this niche market.
Paid 30k for the flat, it has long been paid off and is now a steady passive income

[Anonymous No.53851913]

You think they could go for some ramen?

[Anonymous No.53851929]

>>53851913
Wtf...
Living paycheck to paycheck is my worst nightmare

[Anonymous No.53851951]

>>53851929
Your worst nightmare is the reality for like 95% of Americans

[Anonymous No.53851998]

>>53850876
For summer break you houses will be empty for 3 months.

[Anonymous No.53852057]

>>53851998
Yeah, that's the best part faggot.

[Anonymous No.53852074]

>>53851998
What an idiot lmao

[Anonymous No.53852117]

>>53850903
>a-a-an-an-any d-day n-now

[Anonymous No.53852262]

>>53851951
I don't understand America. When I talk to my friends there they have absolutely amazing comps, entry level engineer making 36-50k when here it's 7-20k yearly.
Richest country in the world by far
But then i regularly hear about the Poor's in the us, barely making ends meet. I understand there is a lot of inequality and that life can be very expensive there, but wtf ?
Are their work conditions really sonbad or do they spend everything retardedly ?

[Anonymous No.53852329]

>>53852262
Poor financial education, society with an emphasis on "buy now, pay later", minorities with status mentality living beyond their means

[Anonymous No.53852358]

>>53852329
It's absolutely crazy for me
But I understand that life is more expensive if you are poor/cash strapped
(Vimes boot theory and all)

[Anonymous No.53852374]

>>53850927
based, never bet against the fed. the only real threat is zoomers trashing the place.

[Anonymous No.53852554]

>>53850927
Pretty much this.
The college costs and loans bubble might take a hit in the upcoming years but there is no realistic midterm scenario where there aren't hoards of young people with disposable income (their parents' at least) desperate to live close to campus.
And SHTF scenarios render most conventional investments moot anyway

[Anonymous No.53853654]

I also get a steady stream of college pussy. Thoughts and opinions?

[Anonymous No.53855409]

>>53850903
>student loans won't last forever

HAHAHAHAHAHAHHAHAHAHA

fucking clueless zoomer

the government LOVES putting young people in debt so that they have to work, and student loans are the easiest way to do it, especially since they cannot be discharged in bankruptcy

[Anonymous No.53855426]

>>53852554
there is NOTHING that compares to college

it's a once-in-a-lifetime experience where you weed out the bottom 50-95% of society, get to live among people your age and intellect, and party for 4+ years

if you graduate with a STEM degree from a good school or go into the medical field, you're guaranteed a high paying job, unless you're horrifically autistic then you'll get a high paying grunt work job

[Anonymous No.53855992]

>>53851913
No. 4 can get
Will tip even 5 dollars to triple her net worth

[Anonymous No.53856392]

>>53850903
Bubbles are a thing of the past.

[Anonymous No.53856728]

>>53852358
In short, the Vimes Boot Theory suggests that poverty can create a cycle of higher expenses and lower quality of life, which can be difficult to break without outside support and resources.

[Anonymous No.53856841]

>>53850876
Check out the real estate prices in East Palestine OH, even those retards are trying to 2x the real price of their house LMAO

[Anonymous No.53856867]

>>53850876
>renting out to students

[Anonymous No.53856998]

>>53850876
Your competition isn't a nice adversary.

[Anonymous No.53857954]

>>53856728
Yup I remember reading it in the book and I was fascinated to see it translated to some actual Econ after that.
Here in Mexico it's true in many forms. I guess the American systems are quite similar
If you have an informal job or low job security regular banks won't lend to you so you have to use predatory loan companies that charge insane interests and fees. If you miss a payment your car or flat is repo'd almost instantly.
A guy working on a construction I was visiting told me he bought like 4 flats but was owning none of them at the moment and still paying fees on two of them.
If you haven't a car, public transportation will suck your soul and free time, plus you are stuck with nearby expensive shops and small amounts you can transport.
So people are willing to go to great length to get a vehicle, and that can backfire quickly.
For phones computers etc the vimes theory apply in full. Shitty entry level phones are more accessible but still a terrible pricé/quality ratio. You are almost forever to own one nowaday if you want to work so people get some with terrible revolving credit and end up paying more than a proper iPhone that would last them several years for something barely functional
Etc etc

[Anonymous No.53859706]

where to i get started learning about real estate investing? i have 1mil AUD liquid

[Anonymous No.53859710]

>>53850876
Ngmi>>53850876

[Anonymous No.53859977]

>>53852262
can you 3rd world shitskins just fuck off

do you not understand the concept of cost of living?

Just because it costs 30 cents to eat your unwashed shit meat per day, and $50 per month to live in your favela, doesn't mean it is the same here in America

I'm sick of reading pajeets complaining about how wealthy retarded americans are when I wipe my ass with your entire month's salary on a night out in New York City or Miami

not to mention most people post their salaries BEFORE taxes, so they are in reality always much worse off than your imaginary seethe

[Anonymous No.53861149]

I'm buying the house for $100k and putting $30k renovations into it.