/biz/ - Business & Finance

[Anonymous No.15217839]

>buy house with mortgage
>rent it out
>use money from rent to pay for mortgage
>20 years later sell house

literally free money

[Anonymous No.15217865]

>>15217839
>Be in Canada
>Average house mortgage is much higher than average market price for rent
What then?

[Anonymous No.15217877]

>>15217865
Rent it twice or enough times to make up the difference, silly.

[Anonymous No.15217890]

>>15217865
doesn't matter you can rent it for longer

[Anonymous No.15217931]

>>15217839
>on /v/ yesterday
>thread about credit comes up
>jew jew jew jew
>mortgage is jewish tricks
>be good goi and rent

[Anonymous No.15217943]

>>15217839
she looks like she smells like pee

[Anonymous No.15217978]

>>15217943
But she gives the good SUCC!

[Anonymous No.15217988]

Wow no one has ever thought of this before you’re a genius. No You for you. Sage

[Anonymous No.15217993]

>>15217931
>I'm a poor fuck who can't buy houses with cash
Grow up

[Anonymous No.15218036]

>>15217993
I was arguing with the tards that mortgage is better than rent and rent is actually more jewish

[Anonymous No.15218058]

>>15217890
Or I can just hold stocks and be far more diviserified lol

[Anonymous No.15218089]

>>15217839
>Rent it out for the cost of the mortgage payment for 30 years
>Roof falls apart in 20 years
>Water Heater falls apart in 10 years
>HVAC falls apart in 15 years
Knock yourself out, but there's no such thing as a free lunch.

[Anonymous No.15218097]

>>15217839
Sounds good until you get bad renters trashing your house.

[Anonymous No.15218104]

>>15217839
where can I acquire a pale, chubby slut like this OP?
asking for a friend.

[Anonymous No.15218129]

>>15217839
her VR scenes are really, really good.

>>15218097
what if you buy apartments in the city and rent them out to office drones?

[Anonymous No.15218130]

>>15218089
Insurance. This isn't a theory my landlord did exactly this and he's a millionaire who does nothing but "look after" properties.

[Anonymous No.15218132]

>>15217865
kill the chinks

[Anonymous No.15218140]

>>15218097
Easily solution, rent through an agency. In the UK this is the norm.

>>15218129
Name? That's a lookalike not the OP girl.

[Anonymous No.15218151]

>>15217839
You're correct in that you can use real estate income to pay for your mortgage. You're forgetting being a landlord is a shit load of work.

>Gotta deal with shitty tenants complaining about everything
>Gotta fix everything
>Gotta deal with people damaging your properties
>etc

That's why the patrician decision is to buy several small apartment buildings and pay a property management company to take care of everything. You lose a bit of your return on fees but then you don't have to worry about things.

[Anonymous No.15218165]

>>15218140
Alessa Savage anon. Reverse image search is your friend.

[Anonymous No.15218244]

Actually it could work in Hungary. Interest rates of mortgages are extremely low, around 5-6%.
If you buy a flat in the capital, monthly interest for 20+ years can be 200-300 EUR while you can rent it out for 500-600 EUR.
But the economy isn't lake that:
-An inflation could come every time: interests will increase
-Properties could suffer value loss, due to economic overheating, recession, oversupply etc: rental costs will be decreased

[Anonymous No.15218281]

i bated to this slore too many times last year

[Anonymous No.15218289]

>>15218151
>You're forgetting being a landlord is a shit load of work.
That the majority of landlords outsource.

Do you think some dude with 100 homes is personally taking the calls every time something breaks or do you think they pick one of the companies that take care of that shit for you in exchange for a cut?

[Anonymous No.15218298]

yes it works, welcome to the bubble fellow debtors. only 25 years left for me.

[Anonymous No.15218311]

>>15218165
It's not here bro I already tried that.

[Anonymous No.15219155]

>>15217943
So, good thing?

>>15218097
Was just reading a thread on another forum, some guy had just evicted a guy who had pissed all over the house and stopped paying rent for months, and the ex-renter is now stalking him and his family.

>>15218140
This was discussed in aforementioned thread, with the consensus being that agencies are completely useless. The one this guy used didn't go after the renter for the rent, and refused to do anything to help with the eviction process.

[Anonymous No.15219192]

>>15219155
Forgot to mention, although it's obvious -- the agency also never went by the house in the years that the renter was in it to see that he was destroying the place. Apparently his mom was old and infirm, and he'd just leave her sitting in a chair where she'd piss all over herself, the chair, the rug, and the floor underneath the rug.

[Anonymous No.15219460]

>>15219155
>>15219192
From what I've heard is this generally happens when you pick the agency that takes the lowest cut. It's also entirely possible that the renter never finds out who the landlord is.

Still dividends or mining seems easier.

[Anonymous No.15219486]

>>15217839

[Anonymous No.15219914]

>>15219460
>>15219192
>>15219155
You can ask your agency to not allow tenants that earn below a certain amount. Where I'm living I had to prove that I made at least £2000 a month and had enough in savings for any emergencies.