Less drama with the tenants when they're businesses instead of failures.
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WWAW buying a small business?
- Thread starter JoeCumiawearsDIAPERS
- Start date
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Buying rental properties is a boomer move which doesn’t work anymore unless you’re grandfathered into cheap prices, mortgage rates, good tenants and have a lot of money in savings.
If you just want a good honest business and a new career to work 9-5, just do something you’re knowledgeable about. Everything operates in the margins now and you have to know all the little tricks and tips someone would only know who’s committed with what they do.
If you just want to put your money to work, just gamble on crypto lol.
I know a lot of boomers who made money on rentals / residential real estate. On a fundamental level, I like the idea of owning real estate and having tenants pay down my debt. The reason I’m not even considering it is how much leverage tenants have over landlords now. The fact that squatters rights is a thing is enough for me to write the idea off.
I’d be interested in buying a plot of open land for someone to build on or a parking lot or something. Something that lets me own real estate but limits how much I’d have to actually deal with people and their problems.
I actually have a bunch of crypto.
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I think being a real estate guy now is just pure luck, you might accumulate a lot of assets and wealth easily, or you might speed run bankruptcy. Unless you have a “guy” who can do the various maintenance work cheaply and reliably, you’re just circling the drain of financial disaster.
Imo anyway, which is worthless because I’m poor.
If I had a stack of cash I’d probably use it to just retrain as something simple and moderately lucrative and enjoyable like a wind turbine technician. I work in a tech sector that still operates on architecture from the 80s. I figure, if you aren’t doing something sensible, at least do something niche and get really good at it.
Just laundry money for the mob and have them run the delinquents off
Make your money by fleecing all the retards who got into this business thinking it would be easy. Do property management/general handyman stuff. You take a nice 10% of the rent plus all the little repairs and projects and shit that they need to do and you have no risk from the tenants being niggers because you don’t own the place.
Commercial real estate is the worst investment that isn't NFTs.
Become a landlord with someone else's money instead. Make sure it's an on-site position with a free unit. You gain the experience and can then decide if you'd want to own your own properties, and not paying rent or a mortgage is the fastest way out of poverty for most people.
White middle class areas and vacation rentals is where to make money. Unless you can do it at scale and own hundred of units you can't run the risk of 6 niggers smashing margin because the local economy takes a nosedive/ a natural disaster happens. It's mostly look. At some point you look up and your initial capital investment was small and you've had a steady income and your ability to monetize your equity is pretty cheap and your like wow, lucky shit. The thing is real estate is a good store of value if you can carry the cost.if you can't it's an albatross. If you're in low tax jurisdiction, resort, with a tourist season that can carry your cost on 25% of the year and your equity gains over time grow why not stay parked, especially if you're handy. I can do electric, plumbing, carpentry, I don't rent monthly like I did when I worked full time, most of my rentals are weekly through agencies or word of mouth I use airbnb for some off season and into fill in others. In NJ weekly vacation rentals at the shore have been happening for like a 100 years, here in Michigan the same thing the season is like May to September Memorial to Labor with rentals from April to Thanksgiving possible and real peak late June-to August. Stay away from kids, niggers, and trash and you do good,
WWAW a bunch of laundromats in Oakville, Burlington, Guelph, Kitch-Waterloo etc?
do people not use paragraphs?
i mean....
i mean....
Buses and laundromats are two places that I never really want to be in, they are poverty central.
I've flipped 2 houses.
it's fun.
Yeah I'm hoping to do it full time, quit my job. I did it with partners so didn't make as big of a profit as I could but now that my credit and shit is good I could do it by myself.... I'm a retard tho.
Plus you can look at dead women naked and look at their boobies
You can even touch their boobies
Even the prettiest girls look awful when they're dead. We had a super-cute girl who died in a car wreck. About 25. Eastern European. But, nah, man... Them boobies don't hold the same sway as boobies with a heartbeat behind em.