do you invest in rental property? is it better than crypto?

do you invest in rental property? is it better than crypto?

  1. 1 week ago
    Anonymous

    Just remember: it's OK to evict single moms and other worthless deadbeats. Society doesn't owe anyone anything, and you are not running a charity.

    • 1 week ago
      Anonymous

      this should be standard practice. Unless the single mom is hot and puts out.

      • 1 week ago
        Anonymous

        Hypothetically speaking can that be arranged? As an agreement

        • 1 week ago
          Anonymous

          Your house your rules.

        • 1 week ago
          Anonymous

          Don't shit on your doorstep. Treat tenants like McDonald's treat you - smile, be polite, ask what they need, get the money, go home. If you want to fuck someone other than your wife go and rent a hooker it's cheaper and you won't end up in prison for rape.

    • 1 week ago
      Anonymous

      Too bad the sheriff's won’t evict single moms and find ways to delay the process.

  2. 1 week ago
    Anonymous

    Rental property is for after you make it through crypto.

    • 1 week ago
      Anonymous

      This

    • 1 week ago
      Anonymous

      This

      well ho much do you need? getting a down payment on a house couldnt be that much?

      • 1 week ago
        Anonymous

        if rates continue to rise and stay up, prices will come down enough that buying the house with cash outright may make sense.

      • 1 week ago
        Anonymous

        >how much do you need?
        Well if you're going to make it worth your while you're going to buy a multi-family because you're making more efficient use of the land.
        Buying 1 3-family could cost you $800k but buying 3 single families could cost you $1.5 million. 1 roof, 1 yard, 1 location.
        Basically you'd live in 1 unit and rent the others.
        Even for a smaller 2 family in my neck of the woods you're looking at like $600k easily so what it would cost is probably $120k down
        You can do it with FHA loans for 3.5-5% down but you're going to pay PMI (mortgage insurance) and have a much higher monthly nut on the mortgage so it's probably not worth it.
        The issue is that the $120k you're putting down could be an easy $1.2mil in crypto after a single bull run so why not make the $1.2 mil, pay your goy taxes, take out a chunk of what's left for a rental property or some other 'safe' investment and use the rest for crypto, some cash on hand for whatever, buying yourself a few toys, and put the rest in the S&P or SPXL
        If you start with rental properties you're going to tie up a ton of cash and the only way to access it is through HELOCs which use variable interests rates and will fuck you if you're not careful.

  3. 1 week ago
    Anonymous

    how do you racially discriminate without getting caught?

    • 1 week ago
      Anonymous

      Don't rent to convicted criminals or those with a low credit score.

      • 1 week ago
        Anonymous

        what if the jogger's gf or mother applies instead?

    • 1 week ago
      Anonymous

      It's quite easy. Don't use an agent. Advertise the property yourself, do your own viewings, meet your potential tenants face to face. Tell all prospective tenants you have quite a few viewings booked for the next couple of days and you'll get back to them once everyone has viewed the property. And blacks have a very distinct and easily recognisable tone on the phone so you can save yourself a viewing that way.

  4. 1 week ago
    Anonymous

    Crypto first. Crypto undervalued to overvalued.

    Housing market overvalued to undervalued.

  5. 1 week ago
    Anonymous

    I read that section 8 rentals can be very lucrative, but you basically have to "section 8 proof" the unit.

    • 1 week ago
      Anonymous

      Friend owns Section 8. It’s good starter real estate, but you put in lots of work until you get enough units to hire people. You’re renting to retards who are used to the government fixing all of their problems. He’s had tenants call about woodpeckers in the trees and trying to get neighbors evicted. The tenants will break everything either because they’re stupid or don’t care. Best case is getting a house in a neighborhood that’s gentrification adjacent and hoping that in 5 years you can rehab it to market rate housing.

      • 1 week ago
        Anonymous

        Why couldn't you just rent a house out with the minimum amount of accessories to mitigate the losses from the inevitable destructive nagger tenant?

        • 1 week ago
          Anonymous

          You do. He’s told me that he budgets for everything in the house being broken when the tenant leaves.

    • 1 week ago
      Anonymous

      >dark color carpet
      >electric stove
      >80s refrigerator
      >blinds not included
      >washer dryer not included
      >No hanging chandelier or hanging lights
      >non-removable hair traps on all drains
      >attach all towel rakes to studs
      >install 2 door stoppers to all doors

      • 1 week ago
        Anonymous

        >Mammy dey toilet clogged agin
        >*smacks lips* Lemme call dey lan lord
        >Mammy I flushin an dey toilet water everywhere
        >Keep tryin DeShawn

        • 1 week ago
          Anonymous

          >floor drain in the bathrooms

        • 1 week ago
          Anonymous

          >floor drain in the bathrooms

        • 1 week ago
          Anonymous

          >floor drain in the bathrooms

          [...]

          naggers really are the cause for much innovation aren’t they?

          • 1 week ago
            Anonymous

            innovations arrive as lessons, and lessons are often taught by the greatest teacher: pain

      • 1 week ago
        Anonymous

        Don't forget to replace any copper piping with PVC. And instead of carpet of any kind, go with wood laminate and vinyl if you can. Maybe even include requirements to put felt pads on their furniture on the lease, and toss a cheap pack at the tenant when they move in.

  6. 1 week ago
    Anonymous

    Do I? No. But my uncle owns a number of rental properties and a friend of mine's mother owns a PPM company that manages other people's rental properties. So I know a fair bit about how it goes down without having actually dipped my own beak into it.

    In my uncle's case he doesn't hire PPM. He first got rich building houses, so he does all the maintenance and landlord stuff himself. He's also a nice guy, very much not a slumlord mentality. Delinquent renters and renters who break stuff are a constant problem for him. There's also the problem that all of the stable renters who don't fuck up the place and who pay their bills on time usually move on after a while because the status of renting houses is temporary for them. He built or refurbished most of the houses that he rents, so his profit margins are nuts, but it's a constant battle over fixing shit, trying to evict people, late payments, and all of that and personally it doesn't sound worth it to me, but he lives in a very nice house and has piles of money coming in so what the hell do I know? But he has these constant recurring problems with renters.

    Then there's my friend's family's company. They're the opposite. Slum lords describe them pretty well. The PPM isn't their only business in the area, but it does pretty well. They take a slice of the rent in exchange for collecting the rent and doing all the maintenance stuff. Which is to say that they do as little as possible while squeezing people for as much as they can. Maybe if they dealt in higher end properties they wouldn't be quite as scummy, but what they do is basically patch shit with duct tape and chewing gum every time something breaks so that they can keep the bottom line as profitable as possible.

    >is it better than crypto?

    Yes. Whether you go the honest route or the slumlord route it's an actual enterprise and not gambling masquerading as investing.

    • 1 week ago
      Anonymous

      You do. He’s told me that he budgets for everything in the house being broken when the tenant leaves.

      Seems like it's a good idea if you have money for times like a housing crash to buy shit but does also seem stressful as fuck, maybe it wouldn't be such a big deal if you owned the houses outright.

      • 1 week ago
        Anonymous

        It is stressful as fuck. My uncle is always bitching about his tenants. He owns the houses outright, but he either built them or got them on the cheap and rebuilt them because they had significant property damage. Buying them on the cheap during a crash would also work if you live in a place where housing prices actually crash (i.e. not Europe).

        You could go the route of using mortgages to leverage those rental properties to fatten up those margins that way, but I don't know if I'd even fuck around with that because in the event of a housing crash or hard to evict delinquent tenants you'll be bleeding money.

  7. 1 week ago
    Anonymous

    My tenants are literally paying for my asset.

    • 1 week ago
      Anonymous

      That is what makes being a landlord so great. Someone else pays your mortgage and build equity for you. As long as they don't do to much damage it is a money printer.

      • 1 week ago
        Anonymous

        You realize you can put a deposit into the lease to cover damages so that the tenant has to pay for what needs to be fixed right? It's extremely rare for tenants to cause more damage than what is legally allowed to be covered in a lease agreement.

  8. 1 week ago
    Anonymous

    i'm thinking about buying a duplex but it seems like a massive risk. i've seen people wreck shit and break leases at my current apartment complex.

  9. 1 week ago
    Anonymous

    its a meme to punp banks
    theres other ways of investing in property without having to deal with naggers

  10. 1 week ago
    Anonymous

    No it's not better unless that property is already paid for. You will be shelling out your own money for mortgage and shit every month if you are just planning on buying one then making people rent it. With the current rates, you will be always on the red. Then you have a problem if your tenant is a professional squatter.

  11. 1 week ago
    Anonymous

    Just make sure it cash flows and is in a good area. If it stops cash flowing sell. Don't be an idiot and constantly pull out equity to the max. This recession is going to catch a lot of land lords with their pants down because they didn't follow those rules.

  12. 1 week ago
    Anonymous

    You can get a 10% return on index funds on average. Why buy rental properties when you can make more money doing less work?

    • 1 week ago
      Anonymous

      The return on rental should be calculated from the money put down.
      Let's say you have a $100k property.
      You put $20k down.
      The rent, subtracting expenses, is +$83/month or $1,000/year
      The appreciation on the property is 3%/year
      Your rental income is a 5%/year return on your $20k
      The appreciation however is actually 15% because while the appreciation is on the $100k worth of property, you are controlling that property with only $20k so everything all together is actually 20%. When you consider how so many people were seeing crazy appreciation like 20% year after year after year you can start to understand how the market got so crazy.
      So if your net cash flow w

  13. 1 week ago
    Anonymous

    it is it even worth it to do rental properties if i onlyhave 200k? i dont want to get any loans

    • 1 week ago
      Anonymous

      depends on where you live and what the markets are like near you, but $200k with no loan will probably not be enough to make it worth your time and financial investment

      • 1 week ago
        Anonymous

        the point of rental properties is leverage. you cant really get 300k loan to buy stocks (margin is quite a bit different than a mortgage), but you can for a property. if you have 200k, youre not gonna wanna put it in rental property. if interest rates are rising, youre not gonna wanna put it in a rental property

        Dude you’re not even reading any of the posts. The whole point of rental properties is literally using a loan and someone else paying it. Go read my last post where I explained this

        t-thanks

    • 1 week ago
      Anonymous

      the point of rental properties is leverage. you cant really get 300k loan to buy stocks (margin is quite a bit different than a mortgage), but you can for a property. if you have 200k, youre not gonna wanna put it in rental property. if interest rates are rising, youre not gonna wanna put it in a rental property

    • 1 week ago
      Anonymous

      Dude you’re not even reading any of the posts. The whole point of rental properties is literally using a loan and someone else paying it. Go read my last post where I explained this

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