/biz/ - Business & Finance

>>16364009
Imagine how her asshole smells

>>16364009
Niggers. Why dont you think of the cons you have a brain right
But yeah it's a secret on how to not be a peasant. Just be a landlord and rake in the bucks

>>16364029
>her

>>16364029
What do I do after that?

>>16364042
Anon, he was originally a female.

>>16364009
It really is that easy, if you have good tenants. The best thing I can think of in your situation is renting out to students, this way you can have a couple students pay 500-800 per month for each bed in the house.

Just make sure their parents sign that they will pay for damages, or if the kid doesnt pay rent that they will take all risk.

Easy as fuck money and you make the most bang for your buck in this situation.

(Has to be near uni tho)

>>16364029
>Imagine how her feet smells

FTFY

>>16364044
Nothing. IF you're not done by then there's nothing left.

>>16364009
>why does it seem like everybody is saying this nowadays??

everyone was buying bitcoin in december 2017 too. That's how the psychology of a bubble works.

Gonna laugh my ass off when these faggots get justed.

>>16364009
It is that easy, only problem is everyone already did it in 2011-2013 so cap rates are super compressed. It's near impossible to pull off that kind of thing now in an area with good jobs.

>>16364076
Ok. I hoped for a quest reward for completion orsmth, but its aight I guess.

It is an idea that has had its day here in the UK. Previously you could charge almost whatever you wanted to renters on benefits. Previously the market was pretty much completely unregulated. Previously you could use the rapid increases in equity of your existing home to raise capital to buy many properties which hadn't rapidly increased in value yet, it was a no brainer. Now government benefits are capped. Things are pretty heavily regulated. Immigration has reduced. Most people are mortgaged up to the hilt already and capital from under mortgaged properties is rare. Most properties have already been price adjusted to accommodate the 'boom'. There is a little market saturation in places forcing down rents. Bored and disinterested owners/landlords fare badly in comparison to the many more motivated ones. It is going to get worse too with caps on rents tied to average income in areas to come, punishing inherence tax laws/laws about second home ownership, changes to council tax (property taxes) which make it risky if you can't guarantee occupancy and so on.

Like any idea if you've idiot coworkers rambling on about it be wary because it is likely an idea that has had its day. It seemed a better idea in the UK because property is insane and everybody wants to own a house, it is a safe bet that it'll hold or increase value. Parts of the USA seem uninhabited in comparison and they are much quicker to build or replace housing, here some dank shit hole from 130+ years ago can be worth quarter of a million.

the catch with real estate is tha no one ever owns it. because of onerous property taxes, individuals are forced to pay rent to an ever hanging state. until free hold is a thing real estate is dead

>>16364064
also if you have any semblance to a chad you might even be able to fuck some tenants

>>16364029
Probably smells like shit

If others were the types of tenent that I was, I'd be happy to become a landlord. They're not. Most people are basically shit.

>>16365098
>coomer thinking with his dick and not his brain
Fantastic way to start breaking your contractual side of things to give someone leeway. You only need to do it once for the whole situation to go belly up.

>>16364119
True, but you can get a leg up by renting. I'm 28 and have just bought a 4 bed flat in a hipster neighbourhood of London with a partner, I'm doing it up the next 2 months then and renting out 2 of the 4 beds of the flat. mortgage is 1k, + bills 1.5k a month. Tenants for those rooms are cheap at 750 but could get 850 per room. Not much and it's a huge 57k capital to put down but you live basically rent free.

>>16365570
To make this more clear, if the tenants pay 1.5k between them then you're breaking even every month. to have your own place and to live rent free is rare as fuck for an under 30 in London these days do renting can be a great move. If you want more winning in later life pay all the money you would have on rent into crypto.

>>16364009

Thanks to boomers buying the property (especially at a fair price) is basically impossible. They did the same thing to property that they did to jobs.

> Must have 5 years of income history
> Must make $80k+ per year
> Must have $20k minimum for closing costs and down payment


Oh and property taxes and HOA fees are hitting slavery levels.

ONCE AGAIN THANKYOU BOOMERS I CAN'T WAIT TO WORK MY ENTIRE LIFE UNTIL MY LAST DYING BREATH SO THAT I CAN AFFORD A SMALL SHED AND A USED HONDA

>>16364009
Nothing is stoping you but the general sentiment towards real estate is “it can only go up!” When that is not the case. You are essentially leveraging an insane amount of capital. So you get insane growth but you also have huge downturns

Let’s give an example 20% equity 80% debt on a 200k property

The property value rises 10% you get a 50% gain on your initial equity.

The property value drops you lose 50%

Yes I understand the difference between realized loss and unrealized but it can also never go up again. Take Detroit for an example do you think investors thought that city was every going to turn into a bigger fest? No otherwise they wouldn’t have invested so much.

When your getting a mortgage you’re essentially doing an LBO on a property. Companies take years to figure out LBO transactions. Your really just gonna purchase in a couple months because a commission hungry realtor said it was “good”?

>>16364090

you get herpes

>>16365570
Are you accounting for taxes, maintenance and repairs, insurance, etc?

>>16366023
I am, yes.