Isnt buying property the key to unlimited money? like a real life money hack?

[Deleted member 26859]

Isnt buying property the key to unlimited money? like a real life money hack?

lets say you buy a property for 250k

$700 mortgage repayments every month

u could probably rent it out for 1k+ and profit 300 every month(and 700 in equity in the house)

but for this example, lets say we can only rent it out for $700, just enough to cover the mortgage

So the mortgage is being paid off $700 per month, so your gaining $700 equity in the house every month

doesnt that mean ur literally getting $700 per month?

you just have to sell it/remortgage it to cash out the money?

is that possible? what can go wrong?''



and then couldnt u just keep doing that when youve earned enough for a deposit on another house? and then when u have 2. your earning $1400 per month(but in equity in the house that can just be cashed out when u remortgage/sell it?

 

[Magnum Opus]

Meanwhile Corinna Kopf's monthly onlyfans earnings:

 

[twilight]

it’s not as easy as it sounds cause you have to deal with crazy renters who don’t pay on time, break things, ask for shit to be repaired not to mention just general maintenance and everything. it’s really profitable tho still just don’t think you make infinite $$$ while sleeping

 

[twilight]

Meanwhile Corinna Kopf's monthly onlyfans earnings:
View attachment 2178057View attachment 2178059

is what it is, at least allah will punish her in the depths of hell

 

[Deleted member 25059]

Meanwhile Corinna Kopf's monthly onlyfans earnings:
View attachment 2178057View attachment 2178059

after taxes it's nothing.

 

[Kebab Master]

house flipping is better if you have money to buy it in the first place. your entire business model shouldn't be based on a wagecel renter.

 

[NegativeNorwood]

house flipping is better if you have money to buy it in the first place. your entire business model shouldn't be based on a wagecel renter.

Ask for mortgage, flip your property. Use the money to get a bigger mortgage, flip more properties. Repeat
This is one of my plans after paying for surgeries

 

[wollet2]

sounds too much effort. how will u find the 250k and when will u make it back

 

[beachdude123]

it’s not as easy as it sounds cause you have to deal with crazy renters who don’t pay on time, break things, ask for shit to be repaired not to mention just general maintenance and everything. it’s really profitable tho still just don’t think you make infinite $$$ while sleeping

U also gotta worry about utilities and cable and wifi and taxes so there's tons of other bs. You might be able to charge the person renting it for utilities and cable and wifi but you will have to cover property taxes. There is also homeowners association fees too

 

[MoggerGaston]

U need money to make money.

'Just be born into millionaire family and rent properties' - theory

 

[6ft4]

Councils are now asking all landlords to agree to contracts that will house migrants in their homes and the contracts give the landlords 30% above market rent price and will also taking care of all issue that the landlord would usually be responsible for fixing
If you get a property and rent it out to the councils who are on board with the plan of turning white countries ethnic, you are basically getting free money, but at what cost

 

[Whatashame]

Meanwhile Corinna Kopf's monthly onlyfans earnings:
View attachment 2178057View attachment 2178059

WTRFWR6WR67RFDYUWIGQDFU8QW790FUDYGEOSUGIFOVBWIEF8YC WTF WTF WTF WTF WTF WTFFF???? WHY PPL PAY FOR THIS????????? WTFFFFFFFF 3 MILLIONS IN ONE FUCKING MONTH WTFFFFFFF

 

[Whatashame]

I legit wonder how there are so many poor people if these fuckers act like riches. I wouldnt spend this money on a OF even if i had won in the lottery 10 times

 

[Magnum Opus]

WTRFWR6WR67RFDYUWIGQDFU8QW790FUDYGEOSUGIFOVBWIEF8YC WTF WTF WTF WTF WTF WTFFF???? WHY PPL PAY FOR THIS????????? WTFFFFFFFF 3 MILLIONS IN ONE FUCKING MONTH WTFFFFFFF

Average studycel studies their ass off for half a decade and a 100k per year earning after university.

 

[Whatashame]

But answering the thread it always was, thats why capitalism is completely stupid and whoever defends it or has secondary interest or its stupid. The one who have money will keep getting rich and the one poor will keep getting poorer.

 

[Whatashame]

Average studycel studies their ass off for half a decade and a 100k per year earning after university.

Legit insane i thought they made like 300k a month, 3 million is just insane i would do OF easily for that money. She can retire already. Why ppl pay to see her tho, thats what i dont get it? legit a blonde full of fillers, there are thousands of her in porn sites, not to mention u can find OF content online for free

 

[FutureAestheticMale]

is what it is, at least allah will punish her in the depths of hell

Jesus won't punish her if she repents.

 

[Magnum Opus]

Legit insane i thought they made like 300k a month, 3 million is just insane i would do OF easily for that money. She can retire already. Why ppl pay to see her tho, thats what i dont get it? legit a blonde full of fillers, there are thousands of her in porn sites, not to mention u can find OF content online for free

Her "unfrauded":

Mirin nasolabial folds @Dr. Bruh and the balloon head.

 

[Deleted member 14693]

Just get a 250k mortage from the bank theory

 

[Deleted member 14693]

Her "unfrauded":
View attachment 2178143
Mirin nasolabial folds @Dr. Bruh and the balloon head.

She's sexy as hell in motion what do you mean?

 

[Deleted member 21044]

Her "unfrauded":
View attachment 2178143
Mirin nasolabial folds @Dr. Bruh and the balloon head.

Recessed hoe with fake boob and teeth.

 

[Deleted member 26859]

sounds too much effort. how will u find the 250k and when will u make it back

U need money to make money.

'Just be born into millionaire family and rent properties' - theory

u do realize u can get a mortgage right?

 

[MoggerGaston]

u do realize u can get a mortgage right?

Yeah you can, for 1 property. And u'll be working full-time to pay for that mortgage.

Where will u be living, with ur parents? While renting your one and only property?

U won't get rich this way. U need more money.

 

[Deleted member 26859]

Yeah you can, for 1 property. And u'll be working full-time to pay for that mortgage.

Where will u be living, with ur parents? While renting your one and only property?

U won't get rich this way. U need more money.

i literally wrote in the thread saying to rent it out

 

[Deleted member 26859]

@6ft4 i see what u mean about not posting anything on this section, they are all so retarded

 

[MoggerGaston]

i literally wrote in the thread saying to rent it out

Yes and you will live with your parents for the rest of your life untill you paid of the mortgage? U think this is some sort of revolutionary idea without drawbacks?

 

[Deleted member 26859]

Yes and you will live with your parents for the rest of your life untill you paid of the mortgage? U think this is some sort of revolutionary idea without drawbacks?

did u not read the thread or something you room temperature iq autist

 

[Deleted member 20064]

Real estate is good if you already have money

 

[MoggerGaston]

did u not read the thread or something you room temperature iq autist

gl, go get rich buddy

 

[dimorphism]

is what it is, at least allah will punish her in the depths of hell

Wallah can i send her to him?

 

[irrumator praetor]

Isnt buying property the key to unlimited money? like a real life money hack?

Oh look he is learning

Wait till he finds out how much money he has to invest first, and that he has to get a job...

 

[Britmaxxer]

Her "unfrauded":
View attachment 2178143
Mirin nasolabial folds @Dr. Bruh and the balloon head.

man I hate david dobrik and his stupid fucking face. I want to set that cunt on fire he is so fucking punchable. would love to just beat the utter shit out of that grinning fuck.

 

[Deleted member 26859]

Oh look he is learning

Wait till he finds out how much money he has to invest first, and that he has to get a job...

u need like 15k for a deposit ?

and i have a job?

 

[irrumator praetor]

u need like 15k for a deposit ?

and i have a job?

What? What country

 

[Yuhbwoynadia]

is what it is, at least allah will punish her in the depths of hell

Over if yuh think landlords go to heaven

 

[longjohnmong]

Yes, but a lot of that $700 is going to interest, property taxes, upkeep, etc. Also, the interest payments never go down on a mortgage, you're always paying whatever percent of the purchase price, not the remaining balance like you would on CC debt or whatever. You can still make money but you want the rents to be like 4x your monthly payments. My friend does this for a living and I think that's his rule of thumb. He has over a million net worth, but has been doing it for like 20-30 years. (He's like 48). He used to say he worked more than anyone he knows, but recently he automated his process for showing places.

It's a way to make money but it requires effort so it's not exactly a hack.

You're better off getting a multi-family in the ghetto. There was a place I was looking at, duplex, two one-room apartments, shitty neighborhood but nice building, sold for $80k. Probably get $1600 a month in rents. Payments only a couple hundred.

 

[mog222]

Her boyfriend : Just be 5 11 and have 1.5 million insta subs

Meanwhile Corinna Kopf's monthly onlyfans earnings:
View attachment 2178057e

 

[slayer69]

sounds too much effort. how will u find the 250k and when will u make it back

u do realize u can get a mortgage right?

Yeah you can, for 1 property. And u'll be working full-time to pay for that mortgage.

Where will u be living, with ur parents? While renting your one and only property?

U won't get rich this way. U need more money.

MoggerGaston and wollet2 are right here OP,
Taking a 250k loan is not just taking it out and having repayments, buying a 250k house will require u down payment of at least 20%, now that's 50k right there upfront.
and not to mention on the 200k loan u take, for say, even 20 years, you'll be paying 220k-ish on interest alone. so with the principal included its around ~420k in repayments.
and this is over a 20 year period.
basically it will be inflated so much, banks know it and they have priced it all in. thats why they have high interest rates. they know it. they know what people do with money.

you need money to make money.

 

[MoggerGaston]

MoggerGaston and wollet2 are right here OP,
Taking a 250k loan is not just taking it out and having repayments, buying a 250k house will require u down payment of at least 20%, now that's 50k right there upfront.
and not to mention on the 200k loan u take, for say, even 20 years, you'll be paying 220k-ish on interest alone. so with the principal included its around ~420k in repayments.
and this is over a 20 year period.
basically it will be inflated so much, banks know it and they have priced it all in. thats why they have high interest rates. they know it. they know what people do with money.

you need money to make money.

In the netherlands, most banks wont easily (read: cheaply) give you a mortgage if you are going to rent it. Renting gives additional risk to the bank.
Same with getting a mortgage when you are paying rent yourself. The bank will consider your disposable income too low and not be willing to borrow you much money.

It's a plan that won't work here whatsoever because of this.

But I could see it work in other countries if:

1) You are living at home with your parents, so you don't need to rent and therefore have a lot of disposable income.
2) + You work full-time so you can get a big enough mortgage.
3) + You live in a country where the bank doesn't mind that you are going to rent the property you are getting the mortgage on.

 

[slayer69]

In the netherlands, most banks wont easily (read: cheaply) give you a mortgage if you are going to rent it. Renting gives additional risk to the bank.
Same with getting a mortgage when you are paying rent yourself. The bank will consider your disposable income too low and not be willing to borrow you much money.

It's a plan that won't work here whatsoever because of this.

But I could see it work in other countries if:

1) You are living at home with your parents, so you don't need to rent and therefore have a lot of disposable income.
2) + You work full-time so you can get a big enough mortgage.
3) + You live in a country where the bank doesn't mind that you are going to rent the property you are getting the mortgage on.

utter fuark at how much the dutch are conforming to globohomo propaganda

 

[Deleted member 26859]

MoggerGaston and wollet2 are right here OP,
Taking a 250k loan is not just taking it out and having repayments, buying a 250k house will require u down payment of at least 20%, now that's 50k right there upfront.
and not to mention on the 200k loan u take, for say, even 20 years, you'll be paying 220k-ish on interest alone. so with the principal included its around ~420k in repayments.
and this is over a 20 year period.
basically it will be inflated so much, banks know it and they have priced it all in. thats why they have high interest rates. they know it. they know what people do with money.

you need money to make money.

bro you are actually retarded and got all of them numbers WAY off

and i have money

 

[slayer69]

bro you are actually retarded and got all of them numbers WAY off

no i did not

and i have money

ok cool

 

[longjohnmong]

MoggerGaston and wollet2 are right here OP,
Taking a 250k loan is not just taking it out and having repayments, buying a 250k house will require u down payment of at least 20%, now that's 50k right there upfront.
and not to mention on the 200k loan u take, for say, even 20 years, you'll be paying 220k-ish on interest alone. so with the principal included its around ~420k in repayments.

To be fair, he picked unrealistically bad numbers. You could probably get $700 a month out of a $40k house. Actually you can accept HUD vouchers and the gov't will pay you like $1k a month and you don't even have to worry about your tenant making rent.

 

[slayer69]

To be fair, he picked unrealistically bad numbers. You could probably get $700 a month out of a $40k house. Actually you can accept HUD vouchers and the gov't will pay you like $1k a month and you don't even have to worry about your tenant making rent.

lmao $40k house
lets take texas for example, go on zillow right now and show me 1 decent house or apartment which will get u a $700, heck, even a $500 rent lmao

 

[longjohnmong]

lmao $40k house
lets take texas for example, go on zillow right now and show me 1 decent house or apartment which will get u a $700, heck, even a $500 rent lmao

Here you go, you arrogant little shit:

724 East St, Tarentum, PA 15084 | Zillow

724 East St, Tarentum PA, is a Single Family home that contains 1774 sq ft and was built in 1900.It contains 3 bedrooms and 1 bathroom.This home last sold for $34,900 in May 2023. The Rent Zestimate for this Single Family is $1,200/mo, which has decreased by $8/mo in the last 30 days.

www.zillow.com

Search rents in that same area.

 

[Deleted member 26859]

no i did not

ok cool

yes u did

its like 5% deposit here, and its over 30 years

 

[slayer69]

Here you go, you arrogant little shit:

724 East St, Tarentum, PA 15084 | Zillow

724 East St, Tarentum PA, is a Single Family home that contains 1774 sq ft and was built in 1900.It contains 3 bedrooms and 1 bathroom.This home last sold for $34,900 in May 2023. The Rent Zestimate for this Single Family is $1,200/mo, which has decreased by $8/mo in the last 30 days.

www.zillow.com

Search rents in that same area.

a ghetto in pittsburgh, really? come on. but alright fine i'll take it.

 

[slayer69]

yes u did

its like 5% deposit here, and its over 30 years

retard the interest u pay goes exponetially way up when its over 30 years, thats why i said

take, for say, even 20 years

and a loan from just 5% down payment is really dependent on ur income

 

[Deleted member 26859]

retard the interest u pay goes exponetially way up when its over 30 years, thats why i said

who cares when ur making profit on it

 

[slayer69]

who cares when ur making profit on it

u r losing money when u r paying interest