If i have $500k to throw around on a property to rent out to give me passive income for the rest of my life...

If i have $500k to throw around on a property to rent out to give me passive income for the rest of my life, what kind of property should I go for?

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as many units as that affords as a down, obviously.

Second best is commercial/strip mall in a suburb that's going to turn into it's own city in the next decade.

Buy 3 properties and use the funds from all 3 to buy another and wash and repeat. Properties must be around 2-4 bed/1 br to get rented at about $1200 each depending on your area. Doesnt matter where you have you property provided its not a ghetto

It really depends where you live and also you shouldn't have to put a huge downpayment on it, just 20% and use the bank's money. Not every property is profitable

Question I've only seen this done on residential properties. Would bank give you a loan for an apartment complex?

Multifamily for sure. Highest ROI hands down.

a beach rental. No matter the economy, people want to go to the beach, and high schools are having beach week every year.

3~4k per week in guaranteed income.

don't pick a shitty beach, and save enough for maintenance.

Honestly, I don't know much real estate yet just the basics so I'm not the person to ask. But if you have an established background and good credit I don't see why you wouldn't be able to do this with apartment complexes and commercial properties like strip malls. The banks want your money but you need something to show them

yeah but you'll have to put 25% down and there are no 30 year fixed mortgages for 5 units or more. Normally there is something called a balloon period after 10 years, which means the entire loan will be called due in 10 years. So you will either have to sell or refinance the building

You can get a fourplex though with a conventional 30-year fixed loan. You could even live in one of the units and rent out the other 3, you will likely have no net mortgage payment.

This
I know someone who makes 3.3k during the summer renting out property in Ocean City MD
Resort homes/condos are the way to go

Until he rents a literal drug dealer.

Nice tip there hadnt thought of a beach property, thanks, though id rather have longterm renters than lots of kids for a few weeks/months at a time

So 25% down? Sounds like a good investment, I mean are rental properties like 5-11units fucked by rent control?

planning on cashing out half of my link stack at $100 and getting the green card on burguer land by investing $500k there

is $1mil enough to make it in the usa?

i'm white btw

Multi apartments, anything else is suicife in this market.

The single family home will not be bullish for 40 years

You’re white, you already made it. Now give me your fucking links

rent control is determined by local gov and as far as I know it is only implemented in New York and California. You wouldn't want to invest in these markets anyway they are inflated shit and rental yields are in the toilet

in corn country, you'd have a nice head start. 5mm minimum "make it" amount with our overinflated fiat.

>i'm white btw
Prove it, what's the password?

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if you invest for passive income smartly then $1 mil is enough for semi-comfortable perma neetdom

one thing to consider with vacation rentals is that they are the first properties to suffer during a recession. people stop taking vacations way before they stop paying rent on their primary residence

buy 6 300k mutli family homes and rent them out, collect 25% ROI and then in 30yrs enjoy your equity if you need it to cash out refinance or the higher cash flow.

Buy a bunch of houseboats.
Then rent them out to hipster fagerals telling them they'll be set for the global warming floods.

>property
Where do you live, what is the yield growth on property in your area, what are the fees for owning property, what extra fees do you have for investment properties, what differences in fees are there between types of properties

If you dont tell us these things no one can tell you what to do/not do.

Also spoiler alert putting all that money into vanguards SP500 will net you more money.

false

It will, and I can prove it if you post all the info I asked.

What % ROI should I expect for a rental property?

f-fuck niggers?

for perma neet i guess you would need $5mi+

semi-comfartable neet sounds lame

You realize literally no one can tell you that without knowing where you live right? And also, you can figure that out yourself with google.

>i'm white btw
Welcome, brother.

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are we implying he takes 0 loans? If he's buying a 500k building straight out he's a retard and will need to find a good deal for higher returns than an index fund, but with the wrong house in the right neighborhood he can make a lot more on his investment. If he leverages all of it at 4x and lives in 0 of them he could see +20% ROI in my area.

The correct answers were:
>fuck niggers
>fuck trannies
>fuck jannies
or
>we must secure the existence of our people and a future for white children

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If you aren't getting 1% or more of it's value per month as net rents you're in a bad house.

>If he leverages all of it at 4x
He'll go broke is what will happen

>could see +20% ROI in my area.
Pfthahahah, yeah, no.

>he'll go broke
are you retarded? It's called a mortgage in the small fish game and a commercial loan in the big fish game.

So yeah, you'll have to bust your ass to make more. If you think that taking loans on houses will make you lose it all you must not own any buildings and just have a fuckload of ETFs

she looks black.

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