Anyone with an IQ over 100 can become wealthy in America. If you're poor it's your own fault.
Anyone with an IQ over 100 can become wealthy in America. If you're poor it's your own fault
how do i get the money to buy those 4 properties in the first place?
Stop being antisemitic
being tied to the lives of 4-16 other non-related people
Nightmare fuel.
Stop being antisemitic
And then...?
im sorry mr shekelstein. i will do unpaid overtime tomorrow. would you like my son's foreskin, sir? would that make you forgive me?
They’re whores for money
at least they're honest about having cheated
you have to be in the tax bracket that gets paid 20:1 verses the average salary employee. CFO, CEO, something like that.
So your ideal of wealth is enslaving others?
rent seeking!
They're suggesting you use x10 leverage to buy a bunch of rental properties. They're not necessarily wrong, but this is not better advice than telling people to buy leveraged MSTR.
One at a time. You most likely live in your first multi-family property until it hits a rhythm where you can save up for a second IF and ONLY IF you can afford to run them. But if you run four properties while living in your own, you probably run them like slums to maximize the section 8 gov't money which is often more profitable than having handimen and management on hand.
owns 4+ properties
wannabe motivational speaker
still fat and bald
Gonna press X to doubt anything he says
That's why he gets second billing to Slum Lord Barbie
Exploiting people by renting to maximize your own financial wealth. Yeah no thanks.
I've thought about this where we've normalized this recommendation of buying lots of rental properties at the top on leverage, seems not so great.
there should be no property tax on first/only homes and double tax on second, triple tax on third, quadruple tax on fourth, etc. homes, to discourage landleeches
This is why I won't do residential rentals.
That is possible if the economy is good and you find a property that makes positive cash flow. The problem is that everyone did that and property became way to expensive to generate a positive cash flow. Plus you need a huge amount of money or assets to act as collateral for all that leverage.
So it's advice for people that are already wealthy.
lol that makes no sense what soever. most people only buy 1 home. Property taxes go to the county. You won't even have roads or police if you did that.
Kek
Shouldn't number one pay for your mortgage?
Also they have 5 mortgages...lol
Through Jihad.
weren't landlords pitching a shit fit over covid and not getting paid?
sounds not stressfree
Who would he rent to if everyone owned 4 houses?
you stupid goyim its all your fault for not having a normal life, all you have to do is be better than 99.5% of other people
This. I don't understand how these people sleep at night knowing they're taking advantage of people. They will burn in hell
You rent out the rooms in your 5 bedroom home. You do own a 5 bedroom home, right?
Is this a Communist website now? I mean fuck boomers and all that but you seriously don't think people should be able to own rental property? If it wasn't him it would be some megacorp.
being a landlord means your wallet is automatically full every end of the month on its own!
whatever faggot says or thinks being a landlord is fucking easy, is a lying faggot and doesn't have a fucking clue about all the shit landlords have to go through
LANDLORDS ARE PARASITES
Wow, he's right!
I'm gonna go out and buy four rental properties tomorrow.
Thanks, Dave!
If it wasn't him it would be some megacorp.
Is it not a fact?
Are your parents not rich?
It's all well and good until tenants of properties 1-3 all decide to stop paying rent at the same time and leave $15,000 of damage after they're finally evicted 8 months later. The real test of wealth and intelligence is whether you can weather that kind of storm, paying mortgages with no extra income, dropping $45,000 to repair damage, etcetera. Lots of small time landlords get fucked on that kind of thing.
I'm doing really well moneywise. But how to get enormous big titty jewess gf?
No is a self-serving justification for being immoral
this.
one bad tenant can cost upwards of $20-40k in the span of a year and a half and you still have to give them their deposit back in most cases on top of paying them to leave. God help you if you want to be a no pets landlord because they'll all disobey knowing you can't evict an entire building and not get financially hurt
Most likely you wouldn't be moral if you were the one on top.
Where are people who don't have the money to own homes supposed to live if it's immoral to rent out property, period?
And they should get fucked. Landlords are the only faggots we boo-hoo when their investment doesn't print free money.
its coordinated and targeted, everyone knows this, but its all about status really, or u can get jeet tenants who will do p much everything u could want as a landlord except cook curry everyday
The last housing crisis was preceded by investors buying properties to rent or flip them. After the bust, the newspapers would run sympathetic profiles about speculators who had 6 or 7 properties and lost everything including their primary residence. So we were supposed to feel bad for them because they had to rent like everyone else.
Not one of newspaper stories, just an interesting study about the bust:
newyorkfed.org