2020-05-19 at 12:28 AM UTC
Ajax
African Astronaut
[rumor the placative aphakia]
My portfolio is broadly invested and diversified, mainly in stock equity indexes. Though investing in the market inherently carries some real estate risk, I am not currently invested in any real estate, whether directly or through some form of REIT.
Do any of you more affluent niggas invest in real estate? If so, do you like being a landlord? If not and you rent, what do you look for in a landlord?
Of course I will do extensive research on more credible sources. Just wondering about your experiences.
2020-05-19 at 12:53 AM UTC
I am a landlord of a few residential properties. Pm me if you have questions
2020-05-19 at 1:07 AM UTC
AngryOnion
Big Wig
[the nightly self-effacing broadsheet]
Fuck half the people here cant even keep a cat fed,let alone clean a cat box.
2020-05-19 at 1:09 AM UTC
Get you about 10 real estate properties rented out and then file for bankruptcy, whether you need to or not. Then collect the rent while not paying your mortgage because you don't have to. It takes about a year for the foreclosure all the while you are collecting rent. Then after it is all said and done, do it all over again.
2020-05-19 at 2:45 AM UTC
Ajax
African Astronaut
[rumor the placative aphakia]
Yikes, I forgot only 69% of households paid their rent in April. Probably worse for May.
2020-05-19 at 3:56 AM UTC
I own a house but have been looking into getting a rental as well. As long as you buy carefully, real estate is sound investment. Sit on a property long enough and you're practically garaunteed to see a return.
My main concern is finding good, reliable tenants. All the other misc. things and repairs that come with owning a rental property aren't too daunting as I can do them myself. But getting people who will pay rent on time and not trash the place? How the hell do you manage that? Especially with all the laws there are about unfairly discriminating against interested parties.
2020-05-19 at 4:13 AM UTC
if your in the US, real estate is doomed.
2020-05-19 at 5:20 PM UTC
Ajax
African Astronaut
[rumor the placative aphakia]
Originally posted by vindicktive vinny
where do you think the governmemt thats just borrowed itself 5 trillion are going to get the money to pay itself back.
you and your property taxes since they arent going to get it from their 1%er friends real estates.
The federal government doesn't collect any property taxes. Instead, states, counties, cities, and other local governments control property tax. Revenues from property tax often make up a big part of local budgets and help to fund things like schools, police and fire departments, and road maintenance.
https://www.policygenius.com/taxes/how-property-taxes-work/
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