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Forum » Landlords gtfih
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Thread: Landlords gtfih

post 1634185523 03-19-2021, 08:38 PM
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  1. Max7771
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  1. Max7771
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Landlords gtfih

How did you get started? do you enjoy your job? Is it worth it?
post 1634185653 03-19-2021, 08:41 PM
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#2
  1. meanstringbean
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  1. meanstringbean
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It’s a mix between loving it and hating it when a tenet texts you that the hvac isn’t working


Tbh looking to take advantage of the current market and selling soon
post 1634185913 03-19-2021, 08:49 PM
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  1. BigDeeps01
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  1. BigDeeps01
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Bought distressed property at discount
Rehabbed property
Refinanced property
Rented property out

Rinse repeat

It's kind of a pain in the ass but worth it to me. I use a property manager now so I don't really deal with much of anything
post 1634186083 03-19-2021, 08:52 PM
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#4
  1. SettingOff
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  1. SettingOff
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ppl wont take care of your ****, ppl wont pay, ppl might vandalize if evicted. its really hard to find good profitable long term tenants.

pretty sure the same dude bricked my front window 3 ****ing times. then it jacks up my insurance costs as well.
post 1634186293 03-19-2021, 08:56 PM
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#5
  1. r32gojirra
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  1. r32gojirra
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I only rent out redeveloped new builds for a year or so until I can sell them.

Done with buying and holding long-term, more hassle than it’s worth.

Selling new constructions makes way more money
post 1634186373 03-19-2021, 08:57 PM
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#6
  1. Lefticle
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  1. Lefticle
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Got started by buying a house and renting out my basement srs. Snowballed from there
Always Neg Back Crew.
post 1634190133 03-19-2021, 10:02 PM
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#7
  1. Bigworm365
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  1. Bigworm365
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Originally Posted By r32gojirra⏩
I only rent out redeveloped new builds for a year or so until I can sell them.

Done with buying and holding long-term, more hassle than it’s worth.

Selling new constructions makes way more money
This is very true. Build new, rent out for a few years building up equity and sell while properties are valued high still.

There is always good deals out there for those who are willing to work.

I bought my first house for $21,000. It was owner financed at 10%. I paid it off in 3 months. I put another $8,000 into it. I rent it out for $650 a month.

Bought another house for $110,000. Did some work on it and sold it and broke even because it had a bad basement.

If you can buy cheap enough and clean them up and remodel them to cash flow its a good idea, however I'm thinking of selling the one house I own and then build a new house with the $$
post 1634190573 03-19-2021, 10:10 PM
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#8
  1. bfdehewdbyywhn
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rented out the basement I was renting while I was at work
HTC is too skinny for me. Fat Girls only crew. serious
Chubby Chaser and Fat Girls Only crew Founder
post 1634190663 03-19-2021, 10:12 PM
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#9
  1. Lefticle
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Originally Posted By StillCantBanMe⏩
Lefticle pretending he owns a house.

will the lies ever end?
Hi FoxMc******* lmfao
Always Neg Back Crew.
post 1634191143 03-19-2021, 10:23 PM
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#10
  1. ChunkBuster
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  1. ChunkBuster
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Originally Posted By Lefticle⏩
Got started by buying a house and renting out my basement srs. Snowballed from there
Basement? Was that Miscer?
post 1634191343 03-19-2021, 10:26 PM
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#11
  1. mkx1775
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  1. mkx1775
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I use a property manager for my rentals. They cover everything from advertising the rentals, vetting the potential tenants, rent collection, maintenance, corresponding with the tenants etc..

I just pocket the rent money. Pay off mortgage, 85$ to the property manager, insurance and I pocket roughly around $600 after expenses.
*** Extreme OCD crew *** (brb bench press not parallel to the ceiling beams)
*** Always pick #7 crew ***
NYG // NYR // NETS // NYY
[ ] Bulking [x] Fap
[x] Cutting [ ] No Fap
post 1634191583 03-19-2021, 10:30 PM
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#12
  1. me12inch
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  1. me12inch
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being a landlord isnt a job. dont group me in with those wagecucks
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