Anyone with an iq over 100 can become rich in America. If you're poor you're just dumb or lazy.
this is the kind of faggot who lose everything the moment he gets laid offmy neighbor was the same kind in 2008
>>532540075The satanists fuck up anyone who won't take the ticket. Having money proves you are comped
>>532540075>mortgage Lol
>Have you tried being rich? It's a cheat code to a stress-free life!
>>532540075people like this is why im glad landlords get absolutely buttfucked by taxes
>>532540353Those people are not rich.
>>532540175laid off? can you not read?he wouldn't even suffer too much in a massive recession because people still need a place to live and that's where all unemployment and savings would go if his tenants lose jobs.
>>532540268Let me introduce you to the concept of leveraging mortgage.Let's say you have a lot of money to invest. Portion of it you're dropping into real estate.Is it better to buy 10 rental properties in cash, no mortgage involved, or pay a relatively high down payment(50%, let's say) and take mortgages for the rest and buy 20 of them.Usually ay 50% down the rent will pay off your mortgage if you get a tenant 75% of the time, anything above that is pure profit, but most importantly, you are getting appreciation on double the capital that you have mortgages on, in other words you're investing 10 properties worth of money but get 20 properties worth of appreciation. You can do a riskier leverage(less down payment) if you think given property will increase in price more, and less risky if you think it's a slower market.
>>532540075The minimum amount you need to escape middle class is 400,000 dollars.
>>532540075My parents unironically sabayoged me. When I turned 18 in 2010 all I wanted to do was>grow weed>mine bitcoin>flip houses>post Minecraft YouTube redstone tutorial videosInstead they semi forced me to go to college. Biotech is financial suicide in comparison. Sigh.
>>532540075i get that youre ragebaiting, but it's actually true. getting rich in america is extremely easy. i worked in oil services in the permian for the last ten years, driving around to wells in west texas. super easy. made about a million. most of it went into savings/investments. so many jobs like that. just get some easy certification and you get like 80k plus overtime. or just start an easy business mobile oil change. or snaking drains. or open a Grocery Outlet or a Supercuts or some other franchise where you're competing against dumbass pajeets and akhmeds who dont know how to market or hire. it really isn't hard. just takes a modicum of effort and a white-level IQ.>>532540268its a tax-deductible, refinanceable, callable loan at an interest rate thats much better than most businesses can get. if you think mortgages are a scam, youre a moron.
>>532540912maybe in eastern europe. in america that is barely middle-middle class.
>>532540268I used to say the same thing but this shit is like a money cheat code
>>532541169That was the point of it all
>>532540811Depends. If you think "better" = "sucking up as many shekels as physically possible", then the kike mortgage shit you said is obviously the way forward. However, if you think "better" ="not supporting or engaging in jewish fuckery while still making a comfy and consistent stream of income", then buying 10 outright and being content with it is the way.
>>532540414If you can afford to buy four rental properties, you are rich
>>532540075>if you're homeless, just buy a house, duh
>>532540075It's almost impossible to become rich without taking advantage of others. If you want to be a truly moral person don't participate in this evil system of slavery or participate as little as possible. I don't care about fake money I only care about doing what's right.
>>532540075iirc there are 3 federal cases about rent gouging going on right now
>>532541274
>>532541390I steal rich peples money and just burn it. So youre right
>>532540811>>532541137>>532541169>if you have a million dollars to invest why not borrow another million and invests two million?>one simple trick to double your moneyYeah, that sounds nice and all. Until the market takes a shit and you now owe two million dollars on assets worth one million. Some of you aren't old enough to remember 08, I am. I was in property development when 08 hit, and a lot of retards like this got their asses handed to them. It's all a house of cards built on debt. Granted that is how most all businesses operate today, mountains of debt. Which is understandable with the inflation we have been having. If inflation is at 4% and you can get loans below that then it's basically free money until it's not. This is the grasshopper vs the ants way of investing "things will always be this great." Well, things do change and not always for the better.This same shit is what I saw leading up to 08. "Oh, Mr. Nosestien is going to give me loans on 10 over priced homes. I'm rich!" Then, a few years later these idiots are selling thier Mcmansions for pennies on the dollar and moving into some duplex. I didn't fall for it then, and I'm not falling for it now. After the crash in 08 I was able to buy land at the beach for cash, that is now worth millions of dollars, instead of losing my ass like the idiots did. Also, this guy is full of shit. He has a mortgage on his primary home that is paid for by a single rental property that presumably also has a mortgage on it? I call bullshit. What leveraged rental does he have that is netting him enough after mortgage, taxes, and insurance, to pay for another home or two cars that aren't shit boxes? I now own a restaurant and bar at the beach (paid for) and I see these idiots all the time. Borrowing more and more money to take vacations and to pay for other stupid shit. These people aren't rich. If you add up what they own vs what they owe most of them are broke or in the hole, or would be after any downturn.
>>532540589>Have 4 properties that all pay for everything.>Rent them out to dead beats.>Suddenly no money for months.>Good luck affording court shit to sort that all out.>Uh oh the banks calling again wanting its money.Only a low IQ dip shit does this tactic and ive seen it hundreds of times.
>>532541103I read that as sabagoyed
>>532543343>>532540589My dad tried this boomer realestate rental monopoly thing after 2020, just like all the other boomers did, and he lost a ton of money because the rentoids all refused to pay rent lol
>>532540075No I just don’t want to use money to hurt people because I’m a flawed being
>>532545326Based.
>>532540075>Anyone with an iq over 100 can become rich in America. If you're poor you're just dumb or lazy."A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.Similarly, a 2023 Forbes Advisor survey revealed that nearly 70% of respondents either identified as living paycheck to paycheck (40%) or—even more concerning—reported that their income doesn’t even cover their standard expenses (29%)." - https://archive.ph/0G3Tx
>>532543174If the economy takes a major downward shift you're fucked regardless. The specific issue in 08 was that people were getting loans that they had no business qualifying for just to buy their residential home, so when they lost their job or took a large pay cut they could no longer afford their repayments.Obviously you should be smart about how you use leverage. You don't want a small rise in interest rates, or a couple months between jobs to put you in a position where you are forced to sell your home. But when it comes to large macro swings the reality is there is very little the average person can do to truely insulate themselves. When the economy falls apart, which it looks like it is about to do again, the person who put all their savings into government bonds and precious metals is only going to be marginally better off than the person who put their savings into the S&P, who in turn is going to be only marginally better off than the person who put their saving towards several mortgaged investment properties. Sure the less risky strategies will provide a greater buffer, but when they inevitably lose their job like everyone else they are just gonna blow through that money maintaining their lifestyle until they end up in the exact same position as the highly leveraged person was on day one i.e. living in a fucking homeless shelter.
>>532540075Money was invented by jews for low IQ tards to chase to give their lives meaning since they're too retard to come up with their own.
>>532540589People from the OP get "golden handcuffs". They are bragging about having to own and profit from multiple properties to pay for lifestyle creep, and telling you they are rich. These niggers are drowning in payments on credit cards, HELIOC loans, and vehicle leases. They are robbing Peter to pay Paul, they are just doing so with expensive and overpriced assets that are at high risk to tank in value.>b-but housing will only go up in value forever!Kek
>>532540075Just get 4 properties bruh
> just buy 5 properties 15 years ago when they were 1/3rd current prices and rates were nothing > it’s easy!
If you really think about it, it’s actually pathetic that every boomer didn’t acquire a portfolio of real estate. Every single boomer should be a multimillionaire. It was so easy. I bought a home and paid it off by killing myself and it was massively expensive and my rate was 6.5%. If prices were half what they are now and rates basically nothing I’d have 10 properties by now.
>>532540075WHITE POWERRRRRRRR
>>532540075how much is that retard eating that he needs the income of a full rental property to cover his food bills?
>>532540811>Let's say you have a lot of money to investStopped reading here. This post doesn't apply to over 90% of Americans. 2nd amendment was created to fix this imbalance.
>>532543174>Some of you aren't old enough to remember 08, I amIt's always funny discussing finances with zoomers because they haven't experienced a real economic crisis in their whole existence so far.Even COVID wasn't really bad compared to the shit which they are guaranteed to face at some point.The blip from the Iran war (so far) is barely even noticeable.
>>532540272nice power fantasy,does the story in your head make you feel better?
>>532546888You can always tell the most based takes in a thread by taking a look at what has zero replies. You got trips and you're spot on, but nobody's even touching you? So fucking based the bots can't even argue with you. Stellar.
>just get 4 mortgages that you'll never be able to afford the monthly payments for let alone pay off
>>532540075fuck your shekels, i want the reich.
>1pbtIDjeet thread
Not lazy... but... lolI may, may be a bit dumb, sometimes.
>>532540075>property #1burned down by niggers. insurance won't pay>property #2ruined by niggers who never paid rent>property #3taken over by mexican squatters>property #4is housing 15 indians at the momentand so on.
>>532540075The problem is that this 1) only works when a few people do it, and 2) most people who try doing it just end up with a mountain of debt they can't pay off. If you can pay cash for rental properties you're better off investing in other things for better returns or higher income with less work. People who post shit like this don't tell you that if they ever can't generate enough cashflow off the properties to cover expenses then they're insolvent instantly. I work in finance and have seen clients of our firm try this. Almost all of them end up far worse off than had they just bought high yield bonds or bought a large cap value (dividend-paying) ETF. It's always more work than they thought it'd be, maintenance and repair costs are always higher than they anticipate, the property management company always gives you some reason why they need more of your money, and when you finally try to sell no one wants to pay what you think you're supposed to get for the property. Back in 2007-08 I watched people absolutely ruin their retirements with rental property trying to do what these grifters are trying to tell you to do. These people don't make money on real estate, they make money selling books and seminar tickets, and the long and short is that you're supposed to borrow as much money as possible to buy as much as you can and white-knuckle the next 30 years praying you never see your income decline even a little. In short, it's a high-risk, low success rate strategy where you'll probably lose you ass. And you won't have book royalties and seminar ticket sales to fall back on. You'll just be bankrupt at 45.
>Rental properties have cash flowimagine believing this pyramid scam.you are lucky if you can collect enough rent to pay for the mortgage and expenses.
>>532556194Can you recommend some large cap value (dividend-paying) ETFs, please?
>>532554421you should spend less time on /pol/. can't tell if you thought this was realistic or funny, but it failed either way.
>>532545326based renters
>>532540811 Banks commonly dont give out loans for rental properties.
You can easily spot tje poor(and dumb) people in this thread.
>>532543343>rents out property to shitskins and niggers and they ruin itHe can, you know, not rent out his property to shitskins and niggers and do an actual background check on who he's renting to.
>>532540075>Anyone with an iq over 100 can become rich in America. If you're poor you're just dumb or lazy.>posts list requiring $2M in assets.
>>532557500>He can, you know, not rent out his property to shitskins and niggerscongratulations you just landed a lawsuit for violations of FHA and whatever state discrimination laws are in your state.
>>532540075H... how do I get a rental property if I'm starting off with no money?
>just buy four apartment complexesDamn. Why didn't I think of that.
>>532557783Get a USDA loan
>>532540075Rent is slavery. Landlords are modern day slave owners. If you are willing throw away all moral standards, there are plenty of ways to get ahead.
>>532557110>Banks commonly dont give out loans for rental properties.Of course they wouldn't want to invest in something that generates immediate cash flow.
>>532546888>>532553044You're both brown shitskin jamboy pajeets and everyone automatically knew that the moment you hit post. You are sub human even amongst shitskins and cannot hide that fact. Every time you post thinking "they'll definitely think a white person wrote this!" you have already lost, because you have to "try" to act like a white person, it doesn't come naturally to you subhuman shitskins of the jamboy variety and it shows in the way you form sentences and in the tone you present them. The arrogance coming off jamboy posts like yours smells worse than shit you are currently consuming.
>>532545326Who are these people?I always hear stories like this. My landlord tells me I'm the only tenant who pays on time. But rent is like the one bill I can't imagine not paying. You literally go homeless if you don't pay it.I let utility bills stack up all the time, just because I view it as a chore to pay every single month.
>>532556561This isn't investment advice. Go talk to a licensed advisor for real. I'm head financial analyst at the company I work for. That said, just as one possible example of a nice dividend-paying ETF that exists, you could look at SPHD, the Invesco S&P 500 High Dividend Low Volatility ETF. It averages 9.3% average annualized total return since inception in 2012, and the dividend has consistently been between low 3% to low 4% range. You get dividend plus underlying asset growth on par with a rental property that you can sell in about 60 seconds if you ever needed to, have less complicated taxes to deal with, and you never have to worry about people smearing shit all over your shares and being out tens of thousands on repairs for a house you can't sell. meanwhile the average single family residential rental returns between 6%-12% annually after about 30 years of rental income minus expenses and then the sale of the property. It really is a stupid investment for most people. Why would you ever buy a fucking rental house when you can get basically the same result with zero effort, lower taxes, and high liquidity? Oh yeah because the bank won't thrown $500,000 at you to buy ETFs, but they will to buy an investment property. Why? because your debt is their asset, and the house is your liability until the mortgage is paid. These grifters confuse what an asset actually is, and 30 years of debt you're trying to get someone else to pay off for you while you theoretically see the home appreciate is not an asset. Anyways, again you 100% need to talk to a licensed financial advisor about your investments. Don't listen to some anon on pol.
my next door neighbors house is for sale. really thinking of taking the landlord pill. what are the odds the tenant stops paying when you LIVE RIGHT NEXT DOOR
>>532557998
>>532546888fact: majority of mutts could not pay a 500 dollar sudden unexpected expense without financing itthey don’t have it in cash, in the bank, as bitcoin, as gold, as jewellery, whatever. most mutts get and need a weekly paycheck because this reality is very hard to manage if you’re planning for an entire month
>>532540075I'd be happy with ONE fucking house, 4 bed, 2 bathAnd a wife that drains my balls every day
>>532558142>You literally go homeless if you don't pay it.I'll tell you what actually happens if you don't pay rent.>month oneLandlord sends you a text.>month fourLandlord sends you a threatening text.>month sixLandlord sends you a notice to pay rent in 14 days. This is required before he can start an eviction case.>month sevenLandlord goes to court and files the eviction case. He gets a court date two months out.>month nineYou show up to court. You ask for an extension to find a lawyer. Another two months.>month elevenYou tell the court you can't settle. Case is now scheduled for trial. Two months away.>month 13The day before trial, you email the court and ask for an adjournment. Claim you are sick or something.>month 15Another illness.>month 17Finally excuses don't stick. Trial happens. Court reserves decision.>month 20Decision comes out. There's now a judgment of eviction against you. But Landlord has to send a 30 day notice.>month 21You file a show cause asking for more time. Another court date two months away. And so on.
>>532558361Not a communist. I support capitalism for everything except land / housing.
>>532540075All landlords deserve the rope. And I say this as someone who owns a single house fully paid for that I live in.
>>532540189hey not everyone made their money the right way, some are scammers
>>532540075That’s been my experience. I worked as a lineman for a several years and was making $140k per year. Used that money and bought a couple condos that I Airbnb. Now I just coast and do whatever I want. Every poorfag I met has been an entitled retard who refuses to work or plan for anything.
>>532543865That's what going insane looks like
>>532540075having to deal with the subhumans that rent properties is annoying as fuck tho.
>>532540075>rental properties >mortgageFuck his bald headed leaching ass to hell. People like him are the reason the housing market is shit.
>>532540075no thank you, not a debt faggot who pretends money they owe is what they're worth loli'm too white for that faggot shit. 90% of homebuyers never even get to 50% ownership of the home and that's why usury was illegal in christian countries for over 500 years.
>>532540075>Investing on marginEnjoy bankruptcy.
>>532540075>We leech of off you so I can relax while you bust your ass to pay for my expenses.Great advice. What honorable people. Amazing.
>>532540075good idea, we should all become landlords and rent out homes to each otherI use the rent money you pay to me to pay my rent to you, GDP goes to infinity and we all live happily ever after!
>>532543174https://www.youtube.com/watch?v=-rVV7rUv3p4
>>532545326Your dad is a dipshit. The smart boomer real estate moguls become slumlords and enroll all their properties into section 8. The government always pays on time, in full at top market, every month. It is somewhat of a pain in the ass because the renters are the lowest of the low niggers so you’re constantly getting drywall repaired and carpet replaced and shit like that, but I know several scummy boomers who have gotten filthy rich owning section 8 properties.
>>532540589You gotta be like 17 years old or actually retarded
>>532559723>you will know them by their works
>>532559116https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008You're a thief.
>>532540075You must be retarded. This one family requires a whole other family income just to buy food.
>>532558790>I'm a capitalist except when it comes to private propertyYou are brown.
>>532558762In the end it's not even worth it. Eviction is the scarlet letter. No one will rent to you.
>>532540075Visit rental property #1, stack 4 bags of concrete in the bathroom. Take the wooden dowel out of the closet. Mix up some concrete in the bath tub. Unbolt the toilet from the ground, pour mixed concrete in the drain, tamp it down with the dowel. Get that concrete all the way to the septic tank. Let it dry. Hook the toilet back up. Leave the mess for the next guy.
>>532562127>Eviction is the scarlet letter. No one will rent to you.Wait until you find out how many states seal eviction records or make it straight up illegal to look up or ask for eviction records.
>>532541157Are we talking $400k per year income or $400k in savings?
>>532540268>debt based economy>ooohhh i better avoid all debt!>why am i poor?
>>532540075Which rental property pays for the property?
>>532558762Lol maybe in California. In Alabama, landlords can file a notice of eviction for nonpayment of rent after the rent is 1 day late. It takes 2 weeks to get a court date after the notice is filed. If you haven’t paid by the court date then the court will issue a formal judgment and you get 10 days to move your stuff (or pay rent) out before the landlord can legally show up with a sheriffs deputy and start putting your shit on the street. The whole process takes less than a month.
>>532540075Landlord for profit is a parasitic institution so bad that HitIer banned it and despite his unpopularity, Germany kept his law on it
>>532562030You did not make the land, what gives you the right to claim exclusive ownership of it.
>>532540175That was almost two years ago youbokd bitch.Remember in 2008 when everyone was talking about the shit that went down in 1988?
>>532540075i don't own shit but at least i don't look like an egg
>>532540075it just works until it doesn't
>>532562519It looks like 17 by a quick Google search. And in order to be eligible to have it sealed, the evicted has to have satisfied the requirements of the ruling (i.e. paying back what's owed).So you will still need to pay back the money if you don't want that E following you forever.
>>532562519Wait until you find out how trashy people claim propertyThey might end up dead or in jail, but many are illiterate and will attack you for it before reading the “law”
>>532540075Honestly I did some numbers for my Grandfather's house if I were to rent it out and it just doesn't make sense.>Could sell it for 150k-200k>Average rent around here is about $1200 at the most for that kind of house>Would take about 10 years to pay it back as a low end estimate>On top of the stress of needing to find renters, needing to handle problems that might arise about the house itself, property taxes, and so onThis isn't even a marshmallow test, having the money from a house sale now would give me more to work with and invest immediately.
>>532557110>>532558115Depends on the bank. Many will.
>>532562666>debt goyAnon, if I lost all my money tomorrow still wouldn't br as poor as you.
>>532540075Fuck off Jew Anon
>>532563051Go to bed, Dukwan. You have a court date tomorrow.
>>532540075If you are not filming rich pedophiles raping children, you are choosing poverty.
>>532553044>So fucking based the bots can't even argue with you.Thank you, anon.You're a real one.
>>532558122Look at this amerilard, gentlemen, and weep, for he does not know the extent of cuckery he is enduring.
>>532546888Americans bought into the meme that if you were smart and hard working, you could go from rags to riches, and they still believe that to this day. It's part of their programming, and they cannot fathom that maybe their elites are raping them sans lubricant, hence why most of them live paycheck to paycheck despite pulling more work hours than most developed countries in the world. Some muttlanders will even work up to 80 hours a week and STILL not be able to save up for a future down payment. It's insane
>4 rented houses can pay for everythingplausible but only if all the mortgages are fully paid down. Until then you're a business like a restaurant with thin margins. All of your profit margin and then some, is going back into the structure between tenants for noticeable improvements. Rent pays for the mortgage, taxes, insurance, and maintenance. Your profit is after those items and is typically not even worth the time it takes to manage the place. It does after the mortage is paid down, but not before.
>>532569240>Some muttlanders will even work up to 80 hours a week and STILL not be able to save up for a future down payment. It's insaneTo us, but they see themselves as temporarily embarrassed billionaires - just biding their time until they win the lottery and take their rightful place at the table.In the mean time, they are going to defend their future privileges.It all makes sense, in their mind.
>>532540075Somehow I have a feeling old Mel & Dave are anti-war pacifists.
>>532568074
>>532569578200 words reduced to fewer:"you can live off of real estate automatic gains from 4 million dollars worth of real estate income".Those 4 houses with those mortgages paid off, counts as a cash cow, and here in 2026 that's easily 4 or 5 million dollars."A family of 2 or 4 can live off of the posted annual increase from 5 million dollars settled cash in real estate income".The anomaly that needs explaining is why does a median house trade for about 300 years worth of technofeudal serfdom labor here in 2026.
>>532541137>if you think mortagages are a scam your retarded.And how the fuck has that been working out as of late? You fucks can simply look at the housing market up and down for the last 2 decades and see you idiots are playing into a jew rigged game ready break (again) at your expense.Oh! but because you mired yourself in massive debt just to leverage basic living conditions against your contemporaries for what little is left of thier dollars … you’ve got it all figured out? You’ve cracked the code now we can all be just as rich and happy? no…because your admitting to be being a fucking parasite, and advising that others be just a parasitic as you’ve been.the homes are fake, plywood and sticks. That “appreciate” with fake value some other parasites just make up.the money flowing between it all is held up with fake value.Its all going under because you parasites killed the host with exactly this brand of self-deluded Jewish tricks.>PLZ BUY HOMES!!! It’s EZ BRO“Please buy my bag this sucks”
>>532540268>>532540353>go into debt to pay off your debtHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
>>532540075or the mason nigger beaner faggets hate you and never let you do shit at all
>>532540414Maybe not "I can rape children with no repercussion" levels of rich, but rich enough to afford 4 properties.Hell, tell me please what kind of job you must have to afford ONE property in the US? And tell me please how much money goes towards basic expenses (food, electricity, water...)
>>532540075Elon is rich and he is a fuckin retard
>>532571114Jobs are for midwits. But, no, just because you can get the bank to give you a mortgage on four properties doesn't actually mean you really have any money. You just have good credit, and a good debt to income level. Which still doesn't mean they have anything. You'd be surprised how many "rich" Americans are just rich in debt
>>532572153>Jobs are for midwitsSo if I am smart and not lazy but come from a poor household, and working is for midwits, I will get money in what manner?
>>532556194Dividends stocks suck ass until you're rich. They don't beat inflation. In fact they perform significantly worse than just index funds. You need a couple million before they're worth it.Real estate is more secure. Look up inflation adjusted housing prices and overlay it on a market index. It's not that different. Except when the market tanks you have worthless paper. When the housing market tanks you still have a place to live.The problem your clients were having is the same trap many fall into with the stock market. Over-leveraging debt.
>>532572415You specifically? I have no idea. I don't know what you are capable of. What I do know is stupid people can't keep a job, and actually smart people do not need a boss telling them what to do to make money. Idk, anon, you may just be a midwit in need of a job, most people are.
>>532573720>Incoherent babblingI accept your concession
>>532573804You do have the reading comprehension of a midwit. You should probably get a job.
>>532573938Isn't it work hours in most of muttistan right now? What are you doing here, muttbro?
>>532574103It's 8pm est, and I don't have a job.
>>532572991You must have missed my second comment: >>532558218Anyways, they don't suck ass. The fund I highlighted averages 9.3% total return annually since inception. If you look at any broad real estate fund like VNQ or RWR you'll see they average around 8-10% total return. If you pay cash for a rental home, you tend to get 4-6%, and if you put 20% down, you might get 18-10%. Specific market matters for sure. the problem with real estate is that its highly illiquid without any upside to just buying dividend-paying stocks or real estate funds. You're piling on debt to buy an asset you're hoping someone else pays for, and if you ever can't charge enough to cover costs (which is more likely the less you put down), it costs you money to own it and it costs you money to sell it. The more you put down, the more sound the investment but the lower your average annualized rate of return over time. In other words, the more responsible you are when buying real estate, the worse of an investment it becomes, and the more irresponsible you are the better your hypothetical return over time. It's the ultimate trap for middle class midwits that want to take a shortcut, and most of the time it's just a dead end for them. real estate is right for some people, but not most. Most people should never touch rental property with a 10 foot pole.
>>532572991>you might get 18-10%>>532575061> you might get 18-10%meant 8-10%
>>532575061The first thing i always look at with any etf is their holdings. Then i think well i like these 4 out 5 (for simplicity). So why not just copy their strategy and leave out the shit picks instead?You know SPHD is like 20% real estate?
>>532576391> So why not just copy their strategy and leave out the shit picks instead?That's called direct indexing and you can absolutely do that if you want to. > You know SPHD is like 20% real estate?Yes I'm aware. They're also mostly investing in commercial and multifamily, where returns are much better than single family residential. When you buy SPHD, or even something like RWR, USRT, and VNQ, you get most of the returns over time of both residential and commercial real estate at a low fee and high liquidity. Also if your investment loses money, you don't have to borrow money from somewhere else to pay off the bank just for the privilege to sell the investment. I will reiterate this. Real estate, specifically single family rental properties you borrow most or all of the money to acquire, are one of the stupidest "investments" your average middle class person can make. The costs are always higher, you never get to sell it for what you think it should be worth, and it's always a lot more work and hassle than you are told it will be. I have seen client after client make the same mistake, and it almost always ends up being worse than just buying a RETI ETF or mutual fund. You can get 5% annual appreciation and 3-5% dividends in lots of investments. You don't have to do it that hard way to get 9 fucking percent per year. And these grifters who push that shit on people make more money on book and seminar revenues than they ever made on rental properties.
>>532540075Nikolai Tesla died in your country broke and penniless.Your corporate slop bullshit wasn't true then and it isn't true now.
>>532576391>>532579440> Then i think well i like these 4 out 5 (for simplicity).I should also note that the reason you don't just buy the 4 to 5 top stocks in a fund is because most of the time you're only buying about 10-15% of the fund, which may be overperforming right now but won't long-term. If you're buying something to hold it for years,. you buy the basket because at any given time some components will outperform others, and that often shifts over time when you're buying something like SPHQ. If you bought a REIT ETF certain types of real estate might be doing better than others, but you're still more concentrated in real estate. If real estate tanks, something like SPHQ fares better because 80% of the fund is not in real estate. If you do one of those zero down rental property loans and then housing declines 5% in the market you own in and now you're underwater on the monthly payment because you can't rent the place for breakeven, you get to either pay money every month to keep the payment current or you get to spend thousands, perhaps tens of thousands, just to sell out of the property. As I mentioned before, you can get solid real estate returns in REIT ETFs that are in line with what you'd get in a good situation with a single family rental. Unless you have the capital to buy 6 houses outright and intend to hold for 20-30 years, no average person should ever do this.
>>532540075Just have $5M in assets to generate income for your $500k lifeJust get the funds from your dad like we all do
>>532540075But nobody with honor and dignity can. IQ doesn’t matter when you refuse to give into their demonic system and exploit others.
>>532572415Nobody ever got rich working a traditional jobAll traditional jobs are for is you to be a slave until you're 70You'd figure out something online or make your own business
>>532581189I've made money carrying washing machines in my back up to apartments through the stairs. Have you ever carried a washing machine to the 10th floor? It's heavy but I endure it.
>>532581288And you get paid R$ 20 to do itNgmi with that
>>532581189sure but the system doesn't work if everyone is their own boss. we need janitors, linemen, garbage men, construction workers, etc. most people will always be poor so that the few can be wealthy and it works no other way under capitalism
>>532558762This is terrible advice btw. You have an eviction on your record good luck finding an apartment anywhere. You’re only option is find someone to rent a room from, and hope they don’t run background screenings
>>532540075Until you get sued for the same illegal policies at every property. Don't vertically integrate if you aren't honest or deceptive enough to get away with it. All honesty costs is a lack of greed.
>>532541103It really does say something about the state of the world that the best financial advice I could give me from 20 years ago would be to not bother with college and just dump all of the money I spent on it into year one bitcoin instead. I'd unironically be Elon Musk tier rich.
>>532540075
