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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54114325 No.54114325 [Reply] [Original]

My dad is buying me a house. I'm going to rent it out and collect rent.

>> No.54114468

yay again

>> No.54114555

>>54114325
BUY HIGH RENT LOW

>> No.54114567

Congrats, I am happy for your success.
If only all people had parents that didn't waste away their children's futures for absolutely nothing.

>> No.54114595

It's incredible how many people on /biz/ get a free house from their dad. Hopefully I'm next.

>> No.54114612

>>54114325
Rent it out to your father to maximize profits. He obviously likes it if he bought it for you.

>> No.54114643

>>54114325
my dad only charges me $2,000 a month to rent out one of his properties :)

>> No.54114676

>>54114612
>Sorry dad but I'm going to have to raise the rent again, the price of sewer and gas plus trash is just too high it's $100 more than last year; so your rents up by $1000
kek

>> No.54114713

>>54114325
This is how you make it, just make sure you're not a rentoid yourself

>> No.54114746

>>54114643
Hope you're joking or at least the place is a mansion
Unless you're saying you're paying the mortgage on the house you'll inherit, which is fine.

>> No.54114817

>>54114746
It's 1200sqft but rent in this area is about $3k, so I'm getting a break.

>> No.54114914

>>54114817
Lol you're stupid for many reasons
I'm guessing you're white because only white parents have had their culture and identity killed enough to charge their child 2k in rent.
Also
>1200sqft for 2-3k
kek
>Subsidizing parents lifestyle
or
>Subsidizing parents mortgage that you're not guaranteed to receive if they die
>Not paying off your own house payment at 2k a month mortgage
Renting is not a break.
Like I said this is a different story if it's completely paid off and only going to be left to you or you're paying the mortgage on a home they told you that you'll inherit.
Otherwise I have bridges to sell.

>> No.54114923

>>54114325
>>54114468
Well done. I one 3 houses but I have 4 kids.
Hoping to leave at least one to each so they never have to rent, or if they rent, they lease out their own property to cover the cost.

>> No.54114951

>>54114817
See
>>54114923

>> No.54114961

>Glownigger HQ: "Okay gentlemen, in order to practice posting on /biz/ today's training will involve you to post variations of an anon talking about his dad buying him a house. This will be in preparation for our full efforts when SVB closes in a few weeks.

Dumb glownigger, you're not supposed to post the training material anymore. The theater is live today.

>> No.54114974

>Some newfaggots responding to an obvious bot troll post

>> No.54114979
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54114979

>>54114325
kek have fun OP

>> No.54114990

I was snowboarding in Zermatt earlier this year with my kids, and the place we were staying was owned by this 20 something girl.
I was curious so I asked her how she ended up owning a ski apartment in one of the worlds best resorts, and she told me that her grandfather left it to her.
Honestly I was touched. He’s isolated her from a ton of hardship and built generational wealth.

>> No.54115002

>>54114325
you've made this thread about 10 times now. either your dad is full of shit or is taking realllllly long to close for some reason

>> No.54115035

>>54114979
I wish. I’m looking to buy but prices are rebounding again.
Dunno if it’s true everywhere but definitely in NYC, Miami and DC areas.

>> No.54115095

>>54115035
Interest rates are too high anyway
Check a amortization mortgage calculator
20% down on a 30 year fixed and you're looking at paying 3x the loan
2x the loan on a 15 year.

Genuinely hope you're rich and can drop a huge down payment because every parent should be like you and aim to build their children.