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Does anyone own multi-family real estate?
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Date: February 11th, 2018 5:37 PM Author: Jet Property Generalized Bond Looking to shift money from crypto to real estate in the future. Does anyone here own multi-family real estate in a major city? Could you briefly share your experience? (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35378687) |
Date: February 11th, 2018 6:19 PM Author: Jet Property Generalized Bond (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379038) |
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Date: February 11th, 2018 6:20 PM Author: Odious idea he suggested heaven I hear good things about Duplexes. If you happened to be an amazing electrician/roofer/plumber then I'm sure real estate is a good bet. (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379048) |
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Date: February 11th, 2018 6:31 PM Author: Jet Property Generalized Bond yeah, the idea would be to live in one of the units initially. do you have any friends with multiple properties? (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379122) |
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Date: February 11th, 2018 6:32 PM Author: Soggy Pearly Stead i think theres this albanian guy that poasts here thats all about real estate (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379131) |
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Date: February 11th, 2018 7:25 PM Author: Sable Pozpig spin, ratfucks (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379530) |
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Date: February 11th, 2018 6:32 PM Author: ivory frum rehab Nah, no boomers poast here (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379140) |
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Date: February 11th, 2018 9:40 PM Author: Mind-boggling Locus Plenty of boomers poaster here (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380539) |
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Date: February 11th, 2018 6:49 PM Author: Drab national philosopher-king 4% return on my money every year. That's about all you can reasonably expect, bro.
I paid $1.050 million for a 2 family house in Brooklyn. The rent roll is $3950 per month. 47400 per year. Property tax is $6700. Insurance is $1300. Water and sewer is about $1200. Heat is about $1800. The fact that you get a big depreciation write down on your taxes every years is 180 a fuck. I titled the building in the name of an LLC. The LLC has a bank account. The top unit rents for $2200. The bottom shit unit rents for $1750. I keep that $1750 every month in the account to cover inevitable repairs and all expenses. The $2200 is my monthly nut to myself. There's about 9k in the LLC account right now. I own the building outright. As a Jew I refuse to do any actual work on the place and my contractor who did pretty much everything from snaking the sewer line to fixing clogged sinks died and so I badly need to find a goy who can handle that shit going forward. |
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Date: February 11th, 2018 6:50 PM Author: Drab national philosopher-king And the house I live in is a duplex too. I have 2 of them :-) (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379269) |
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Date: February 11th, 2018 7:21 PM Author: Jet Property Generalized Bond ty. so that's a 4% return from the rent alone, right, ignoring any possible appreciation? then there are other advantages too, such as the tax advantages you mentioned. and building equity, right? (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379492) |
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Date: February 11th, 2018 7:40 PM Author: Swollen wild menage organic girlfriend Nice. What city? (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379632) |
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Date: February 11th, 2018 7:41 PM Author: Jet Property Generalized Bond he says Brooklyn (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379641) |
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Date: February 11th, 2018 8:01 PM Author: Swollen wild menage organic girlfriend Oh I’m retarded. Those rents and taxes seem low for BK. (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379795) |
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Date: February 11th, 2018 8:06 PM Author: Drab national philosopher-king NYC has very low property tax. The building is not in a very desirable part of Brooklyn or it would be north of $2 million. For the area those are the rents. (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379838) |
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Date: February 11th, 2018 8:01 PM Author: ultramarine abusive set lol at a TTTulane grad bragging on earning 4% on his shit money (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379794) |
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Date: February 11th, 2018 8:06 PM Author: Drab national philosopher-king Not bragging. Just stating facts. (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379842) |
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Date: March 20th, 2018 3:10 PM Author: Honey-headed titillating kitchen Crrrr lol at 4% returns (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35646194) |
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Date: February 11th, 2018 8:25 PM Author: motley home 4% seems like shit and not worth it considering it's not a truly passive investment (finding tenants, dealing with a bad tenants, coordinating with your contractor, etc.) and there's substantial risk. You can get 4% truly passive and safe dividends on bond funds.
I figure that it's only worth buying an investment property if you can achieve 8%+ plus cash-on-cash return from the rent roll. |
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Date: February 11th, 2018 8:57 PM Author: Jet Property Generalized Bond seems ok and worth it as a learning experience (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380202) |
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Date: February 11th, 2018 9:12 PM Author: motley home (guy who thought $150,000 in debt for law school was ok and worth it as a learning experience) (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380320) |
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Date: February 11th, 2018 9:39 PM Author: Jet Property Generalized Bond I never attended law school.
You sound like a loser. |
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Date: February 11th, 2018 11:00 PM Author: motley home I know I am but what are you? (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35381160) |
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Date: February 11th, 2018 9:46 PM Author: misanthropic hominid hall 4% is rent. You’re not considering depreciation and appreciation. In NYC that could be another 3% per year. In gentrifying Brooklyn, 6-8%. (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380578) |
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Date: February 11th, 2018 9:48 PM Author: Jet Property Generalized Bond tcr, on top of other benefits. lots of losers in this thread. Sady, very
they'll be megapoasting from ARE country forever |
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Date: February 11th, 2018 10:22 PM Author: very tactful sanctuary It is NOT a passive investment and your returns will be less than stocks for the most part.
That said, I would like to "retire" and have 4-5 buildings. It would give you just enough to keep busy and active and sharp. |
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Date: February 11th, 2018 10:37 PM Author: Razzmatazz field athletic conference (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380995) |
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Date: February 11th, 2018 9:05 PM Author: Sable Pozpig spin, ratfucks (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380264) |
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Date: February 11th, 2018 7:45 PM Author: Razzmatazz field athletic conference (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35379663) |
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Date: February 11th, 2018 9:01 PM Author: Spruce Gunner Mother This thread really turned me off of real estate (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380230) |
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Date: February 11th, 2018 9:40 PM Author: Carmine foreskin fat ankles (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380535) |
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Date: February 11th, 2018 9:59 PM Author: naked azn (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380673) |
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Date: February 11th, 2018 10:02 PM Author: Razzmatazz field athletic conference (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380691) |
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Date: February 11th, 2018 10:07 PM Author: Ebony Galvanic Background Story the beauty of RE no one ITT is mentioning is that if you've leveraged the rent from one to get a second and on and on for 4-5 properties, they'll all be paid off when you enter retirement, then you can take out big time HELOCs and BOOM your retirement like woah and enjoy DEM TAX BENNIES (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380731) |
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Date: February 11th, 2018 10:10 PM Author: Jet Property Generalized Bond can you please explain the HELOC and tax benefit part (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380762) |
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Date: February 11th, 2018 10:11 PM Author: Spruce Gunner Mother Relevant to my interests also (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380771) |
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Date: February 11th, 2018 10:13 PM Author: bespoke step-uncle's house stock car You are the biggest faggot on xo 2008-present (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380783) |
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Date: February 11th, 2018 10:34 PM Author: Soggy Pearly Stead (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380963) |
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Date: February 11th, 2018 10:13 PM Author: floppy magenta lay I have had a different experience investing in real estate in the Rust Belt. I purchased dozens of cheap houses and multi-unit buildings and I collect about $22,000 a month of rent with about 10000 + expenses. The crappier the property the higher the returns typically. (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380780) |
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Date: February 11th, 2018 10:14 PM Author: Sable Pozpig spin, ratfucks (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35380788) |
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Date: February 11th, 2018 11:30 PM Author: Carmine foreskin fat ankles 180 (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35381358) |
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Date: February 11th, 2018 11:36 PM Author: Stirring Rough-skinned Hell describe tenants (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35381391) |
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Date: February 11th, 2018 11:44 PM Author: Jet Property Generalized Bond (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35381435) |
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Date: March 20th, 2018 3:03 PM Author: infuriating parlor (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35646149) |
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Date: February 12th, 2018 1:45 PM Author: Jet Property Generalized Bond (http://www.autoadmit.com/thread.php?thread_id=3890093&forum_id=2#35384884) |