Lurker > Austin_Era_II

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TopicThoughts on the TV I bought?
Austin_Era_II
01/02/20 3:04:37 PM
#1
TopicPeople who use Macs....
Austin_Era_II
01/01/20 10:43:20 PM
#45
*sips on Pepsi*

Moar

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The Original
PSN: deznutzbust69
TopicPeople who use Macs....
Austin_Era_II
01/01/20 9:16:20 PM
#17
*grabs a bag of popcorn*

Keep fighting XD

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The Original
PSN: deznutzbust69
TopicWhy do people say renting out real estate makes you rich? It doesnt.
Austin_Era_II
01/01/20 9:09:50 PM
#25
TreyFlowers posted...
The money isn't made via rent. The money is made via capital gains on the land/home. The idea is you buy three houses instead of one, rent two out, have the rent cover the mortgage, then when they're paid off you can sell them for 10x what you paid for them 20 years earlier and retire early/rich.

Pretty much and don't quit your full time job. I plan on selling my first mortgage free house in another 5 years from now at most and it should be close to triple what I paid. Also might do real estate agent part time. Also if I get into YouTube vids that's another extra income to make a 20 min video.

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The Original
PSN: deznutzbust69
TopicHow have your experiences been playing games online?
Austin_Era_II
01/01/20 8:56:58 PM
#13
Racism at its finest I've noticed.

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The Original
PSN: deznutzbust69
TopicWhy do people say renting out real estate makes you rich? It doesnt.
Austin_Era_II
01/01/20 8:27:53 PM
#21
If you get a decent house maintenance isn't much. Get tenants to sign if they damage things they are held responsible. Buy decent used appliances if the other ones break down. Not like you need to do major stuff right away like new shingles or redo the entire kitchen. Once you're ready to sell the place then redo a bunch of stuff.

Also where I live I can get tenants to cut the grass and shovel snow or I charge extra and it's a business write off.

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The Original
PSN: deznutzbust69
TopicYou're dating a girl who is a triplet
Austin_Era_II
01/01/20 8:24:18 PM
#19
I'd do them and their mom at the same time. A new record!

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The Original
PSN: deznutzbust69
TopicWhy do people say renting out real estate makes you rich? It doesnt.
Austin_Era_II
01/01/20 8:08:08 PM
#19
I'm looking to be mortgage free by the end of this year. I also rent my basement currently. I don't plan to rent it out after. I'm gonna look into buying a second house and renting it out. Then when it's doubled in value or close to it I might sell to earn a profit close to 6 figures.

My current house has almost doubled in value since I got it 5 years ago. I might also look into getting a house built then selling. Either way this isn't a crazy rich idea unless I work on the house myself to sell it. After taxes you may a small profit but nothing that will get you rich. More like close or at upper middle class. Basically that's what I want. Plus I also invest a little.

Getting a new house built here is probably $400-500K for something decent then sell it for $600K. I'm looking into all of this once my mortgage is cleared up.

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The Original
PSN: deznutzbust69
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