What prevents you from making it in real estate?

I only want money to fund my own specialised education and perhaps start a stable business. I also want to see the world and experience things. I've never seen the point in nice cars, rolexes etc. Then again if I do make it I'm still going to buy them to make the poorfags seeth

i got 2 rental properties already. shit's dope.

haa glad someone in the field can confirm it. It was a pure intuition/bet until now but thanks user for confirming it.

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>i got 2 rental properties already. shit's dope.
where you own them like city?

You are welcome my faggoty friend

My country risking to turn into leftist shithole to pay denbts and gibs to nogs

what do you do? plumbing?

anyway, if i was rich i wouldn't spend it on a massive house

>the problem is a house too big and not a mind too narrow

You replied to the wrong post.

money

No not plumbing, plumbing sounds like shit

I have a little 1 bedroom house i rent to an old lady and a condo near a college i do semester rentals and AirBnB with. both in the PNW.

Sounds awesome you gonna buy more or just pay them down?
>PNW
I heard Portland just capped rent increases at like 10%. Seems kinda fucked!

looks like a did thanks for the heads up user

so is it really profitable even after taxes, insurance, loan interest, municipal fees or whatever, electricity, upkeep and other expenses that come with owning property? what's your net profit (averaged over a long period of time)?

gonna get a commercial property or mixed use commercial. AirBnB profit margins are stupid and AirBnBers have no rights.

>I heard Portland just capped rent increases at like 10%

not at all. i would never raise rent on one my tenants like that, i like having good tenants. jacking up the rate on someone who never misses a payment and doesn't trash your property is fucking dumb. one (1) bad tenant can set your investment back years. in the 3 years ive owned the properties i've only raised rent once and it was in between renters.

I didn't win last night's Euromillions.

Living with mom and paying off the expensive mortgage. We've rented out every room unused between me and her. It would take me a few more years until its paid off. I'm more worried about paying it off first than investing.

This is why when I make it I am sticking to ~800sqft 2br floorplan for my house. I'll deck it the fuck out with every last little thing, real solid wood doors, marble countertops, etc, but fuck having rooms or even entire floors that you aren't using on a day-to-day basis. Most of the time not only are you not using them, but you're not even showing them off to anyone. Literal wastes of space, material and money, you may as well throw your money into the ocean if you're thinking of building a big fucking mansion.

>AirBnB profit margins are stupid and AirBnBers have no rights.
Honorary Jewish
> in the 3 years ive owned the properties i've only raised rent once and it was in between renters.
Jewishness rescinded.
Easy management sounds like.

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Lol dude. Raise rents by 3-4% every year. It's enough to cover inflation, but small enough such that there isn't enough incentive for your good tenant to move out, especially if they own a lot of stuff.

all the "profit" is tied up in the equity of the mortgage. i won't be significantly cash flow positive for another couple of years, but i gain about $500 per month per property in equity after all is said and done. and to be honest i also got lucky because 6 months after i bought the first property it jumped $60k in value which is what allowed me to leverage into the condo.

I convinced my boomer parents to keep their second house and rent it because theres some kind of loophole where you can keep your property tax write off. They also thought the housing market was gonna crash, but I explained why there will probably only be a minor correction. Feels good knowing I secured my own inheritance.

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>Raise rents by 3-4% every year
i like long term leases and do %5 every other year or so. %10 is absurd. i'm more concerned about the condition of my property and having tenants who pay on time every time. like i said, a shitty tenant will obliterate any profit you make in one fell swoop.

>Easy management sounds like.
yeah thats the other piece. i have a 9-5 wagecuck job, i don't want to be anywhere near a full time landlord.

Kek my great-grandparents finished paying loans on property in the early ‘50s and almost all my family property is rented (which is rare in my country) yet when government decided that we were capitalist swines, we started paying each year for the privilege of having slavs and niggers devastating our comfy middle-class townhouses.
It could turn like this overnight for you too, remember that people escaping from 1917 Russia couldn’t bring real estate with themselves.

Nothing good for sale in the past two years, ATH prices for houses that cost half of its listed price. Sorry, not buying your bags OP

made 100k off chainlink this past year in a half tho so fuck your dumb real estate nigger

its why i'm steering clear of residential moving forward. renters rights are really too strong, it can take up to 6 months to evict someone where i'm at. commercial property is where its at because i can AirBnB or lease to a small business and i can shit all over a small business if they don't pay their rent.

i unironically respect this fat fuck
he used his jewish trickery to go from 25k to 200m

>loophole
its not a loophole, real estate is baller for two reasons

1. Mortgages are the best form of leverage accessible to the average joe like you and me

2. Tax laws make real estate a phenomenal tax shelter.

i write off fucking everything. my truck mileage, my phone, you name it.

UK? I've looked at buying to rent, but apparently the UK government is really hates landlords lately. I also looked at commercial but businesses are closing left and right, half my high street is empty now, so there may not be a demand for that.

>be that guy
>make it in real estate
>but still so fat have to wear shirt into pool
>DD 34 man breast, requires bra

US. The only reason i want commercial is because short term rentals are restricted for residentially zoned properties. i can still AirBnB out of a commercial property.

don't be afraid to look outside your immediate area for a good rental property. location is everything.

I'm seeing the perfect property, a landlord 30 miles from me is selling all his properties: 8 bungalows all together on 1 acre of prime real estate in a great location of a satellite town of a major city. The houses are old, but that would give me an opportunity to tear them down and build 30 modern 2-bed flats on the same lot. It looks too good to be true. The problem is , it costs to £1million to buy and even more to rebuild; great value in a country where the average house price is £250,000, but too much for me. So for now, I will just save for my own house and just dream of owning other property.

> So for now, I will just save for my own house
thats all i did. buy something really modest and below your means so you have room to support two mortgages later on. i got my second property only 2 years after buying my first home. stock dividends are your friend btw.

6 months?? 1 year a half in Shitaly, and you still pay for the legal paperwork

the difference is they don't have to worry about their financial future and can afford to live as consumers.

we on the other hand don't have that luxury.

And good luck with the utilities due and eventual damage the insurance company won’t cover