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/biz/ - Business & Finance

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29843647 No.29843647 [Reply] [Original]

So i have many ideas if i make it someday from crypto but i want to hear thoughts about Real Estate since some of you anons might have experience with it. Would it be more sound to buy houses upfront and rent them or flip them? Or if we are talking more money then would an apartment complex be a good idea to rent out? How would you go about this in an island.

>> No.29843747

>>29843647
Maybe even buy an office building and rent it out to businesses?

>> No.29843785

>make it
>rent jew
So you've not made it?

>> No.29843913

If you're american, you can put down like 3% of a morgtgage on a multi unit house.

You live in one unit and rent out the others. You can break even, give the management work to a 3rd party, and just live comfy.

America is just the only society where people strive to buy each others houses.

>> No.29844013

>>29843647
Honest advice here, avoid any rent-seeking industry. You would be setting yourself up failure considering all the changes already in motion. Be prepared to buy real estate yes, but perhaps put a bit more thought into who your tenants will be and their source of income, and the restrictions that will place on your rights.

>> No.29844162

>>29844013
Then the most safe bet would be office buildings where large companies can rent them and since their income is known it would be on the safer side.

>> No.29844818

>>29843647
My plan is to make enough money to buy a house outright or pay off most of a mortgage from cyrpto. Then move into day trading stocks when my balance is built up enough so im not a wage cuck.
Then maybe I'll also start my a small engineering business on the side as thats what I do at the moment.

>> No.29845834

>>29843747
With work from home increasing I don't think investing in office space is the best choice

>> No.29846115

>>29845834
True haven't thought about that.

>> No.29847383

Honestly just be a slumlord at that point. Buy houses in blue collar neighborhoods and rent them. Try to get a family over young kids pooling their money etc.

Not sure if you'd qualify for a mortgage with lack of income history but that would be preferable. Bonus is that taxes are low and you'd have an appreciating asset you consistently pull money from