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/biz/ - Business & Finance

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57425701 No.57425701 [Reply] [Original]

I'm buying rental properties. I will buy 10 properties and make rental income of $25,000 per month.

>> No.57425757

>>57425701
I doubt it

>> No.57425910

I doubt it

>> No.57428471

I doubt it

>> No.57428480

I doubt it

>> No.57428485

I doubt it

>> No.57428489
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57428489

>>57425701
This. I will too.

>> No.57428508

>>57425701
Sounds like a nightmare to manage as one person. What's one more person, one more overhead.

>> No.57428971

And you’ll pay 45,000 a month in mortgage payments and be responsible for anything that goes wrong in any of the dwellings, you financially illiterate TikTok retard

>> No.57429559

do it in a pro landlord red state with good eviction laws and low taxes at least if you gonna.

>> No.57429573

>>57425701
this is OP https://www.msn.com/en-us/money/personalfinance/we-own-7-properties-why-can-t-we-pay-for-groceries-ramit-sethi-challenges-socal-couple-to-lose-their-poverty-mindset-examine-the-facts-and-enjoy-their-wealth/ar-BB1hfm2X?ocid=msedgntp&pc=NMTS&cvid=85b04596d23241e5ab9d3513d855e2e8&ei=12

>> No.57429605

Playing monopoly sounds cool until you realize it’s a shit ton of work and headaches and you don’t anyways get the returns you anticipate. Buy BTC and chill with better returns

>> No.57430023

>>57428971
Also one of your renters will burn down one of your rentals and flee and your insurance won't cover it.

>> No.57430532
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57430532

>> No.57430909
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57430909

>>57425701

>> No.57431781

I believe it

>> No.57431797

it is hard to find places where the math works. in my area at least buying an investment property is basically impossible.

>> No.57431805
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57431805

>>57425701
I need 4 years of wageslaving minimum to buy one decent rental property outright, and that's if I'm lucky. I don't think I can make it that long bros...

>> No.57431887

>>57425701
>I will buy 10 properties and make rental income of $25,000 per month

Excellent, now deduct the costs of land taxes, maintenance, vacancies, non-paying tenants and possible court cases