I'm a landlord

I'm a landlord
AMA

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how come you wont give that other guy a break on his may 1st rent payment if you are a millionaire with no wife/kids?

why are you so based?

>millionaire with no wife or kids
I have a wife, kid, and another on the way. Also I live in the building, so I can just go and beat his ass.

I'm also not a millionaire. My net worth is about 900k, 600k of which is the property I own.

Is it ok if I dab on you?

Go for it, see if I care

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>so I can just go and beat his ass.
Hahahaha sure thing pussy

>Hurr Durr all landlords are millionaires

So sick of this shit man. Renties bitch and moan about not being able to afford a house and just assume that it's impossible to get a house because "all landlords are millionaires".

I saved up for my 5 years of college and bought a house at 23. Believe it or not, it's possible to invest in property if you work your ass off, save a lot, and invest correctly.

>Believe it or not, it's possible to invest in property if you work your ass off, save a lot, and invest correctly.
And a little help from mommy and daddy

>I saved up for my 5 years of college and bought a house at 23.
Same. I lived in a frat house for 3 years to save money for my down payment.

I took no money from my family. I got a degree in something which actually makes money (software engineering), co-op'd at 3 different companies, worked 2 jobs all throughout taking classes (delivering GrubHub and TAing), and saved every single penny I could WHILE paying for my own rent, food, car, and utilities. Invested what little money I had to invest into good crypto projects and 2x'd my investment, rolled my savings and small investment account into a down payment for a 5 bedroom single family. Now I rent out rooms, live for free, and have a $70k a year job which I got all on my own.

Keep on making assumptions about people though based on your own laziness and excuses, lmk how that works out for you in 10 years.

My tenants are
>mid 20s gay couple, both in tech and never seen a gym before
>23 year old that just graduated college, parents are paying his rent I think
>2 25 year old girls
>old greek guy who has a pension because he's never missed a payment
And then I live in the 6th unit. When my second son comes along in 6 months we're gonna move into a single family in the area.

Wait are you me user? That's almost exactly the route I'm on right now

>Wait are you me user? That's almost exactly the route I'm on right now
Nice! Good luck man, I'm 24 now and I'm hoping to get a complex like you seem to have (would really like to stop living with people). Whereabouts you buy if you don't mind me asking? Decent prices? I'm in Upper NY so I was definitely a little fortunate regarding price points

>saved up during college
>implying you had no student loans
>implying that your parents paid for your college

No, you didn't do any smart investing. Your parents paid to start your landlording. Fucking loser.

>thinking GrubHub and being teacher's pet are REAL jobs
>got lucky with the crypto ponzi
>LOL I'm just a hardworkin genius, ya'know? 24 years old and have the whole world figured out. If only everyone saw the world my way they'd be rich. I'm so fucking smart and humble, god damn.

why does your mother wear a toupee

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Nuclear level cope right here. Check in my box on the first, don't forget.

>t.lazy nigger

I'd put a bullet in your head before I'd give any money to a passive income parasite that artificially inflates property prices and living expenses.

I would like to thank you for your service

Seethe all you want. Your $1300 is due on May first.

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Have you ever fucked a tenant for rent payment?

No, I've been with the same girl since I was 20. I'm 28 now.

If I wasn't married and could afford it I definitely would though.

Do you ever feel like you should switch to airbnb? (last question i promise)

But not really, there is no way you can get that money from me

How do I get into the business? Also, do you plan on educating your children about all you've picked up on over the years as a landlord?

I can make you homeless and ruin your credit, among other things.
Maybe for a one-bedroom unit(of which there are four), might actually be a good idea. Wouldn't be hard to switch to that either. I might look into it when my next lease is up this summer.

>do you plan on educating your children about all you've picked up on over the years as a landlord?
Yes, but they're far too young for that now.

Also, this is >not< my full time job. I'm more of a house hacker than I am a landlord. I bought a 4-unit apartment building and divided two of those units into 4. I live in one of the remaining 2 bedroom units and I rent out the other 5. It supplements my income partially as I'm working on starting a new business.

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based

I'm aspiring to get into buying property and adding to my passive income portfolio I'm starting out with dividend ETF'S and a REIT but I want to get into physical property. How did you start out and get the necessary capital to begin?

>co-op'd at 3 different companies
>$70k a year job
If you don't mind saying, which city or state do you live in? Not putting you down but in the larger cities, starting salaries are about $65K - $75K and go higher with as much co-op experience as you have. For places like Silicon Valley, the starting salaries are even higher.

trip dubs :0

How did you get the inital capital to buy the property? Did you take out any loans/mortgages?

Roughly how much are you making in profit per month?

Did you personally physically divide the house, or did you pay someone to do it?

What other businesses are you attempting to start?

thx user

Aight but how do you get into the business?

>my passive income portfolio
You mean usury?

I get dividends for owning stock I dont give a fuck. If people dont want to walk up and play the game and become financially independent that's their choice. I'm gonna forgo "avocado toast" and other shit to save up and invest in myself so I can have a great life. Not my job to fix everyone's balance sheets. Both my parents died and I was left orphaned and penniless and I dragged my ass to where I am today which is a mortgage on a house a decent car and a good job I'm not gonna apologize to anyone for being successful if I can do it anyone can

I initially put 100k down and my cousin co-signed on my mortgage. I've since refinanced and he doesn't have a claim, and paid him back for helping out. Some ways I saved up
>working as a junior dev while still in college
>applying for BS scholarships I didn't need and saving the difference
>freelancing
>not spending a ton of money or going out every night of the week

jesus imagine coping this hard. Imagine thinking working 2 jobs while pursuing a degree is easy. Imagine being so stupid with money that when you go online and see people posting about having money you seethe with anger. I worked my ass off to get to where I am today and I did it on my own because I didn't want to end up like you.

I honestly feel bad for you user.

see

Faggot.

NOOOOOOOOO DONT INVEST IN INCOME PRODUCING ASSETERINOS!!! IM TOO POOR TO DO THAT SO YOU SHOULDNT BE ABLE TO!!! WAHHHHH

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>not a millionaire
>only have 900k in assets
come down here and I'll knock your wife up again

nice vpn copefag, enjoy being poor

Don't you think your tenants will murder you and take your property due to the crisis.

Your a decrepit old man and the police won't help you during the crisis. Surely you know your days are numbered.

I just want to build up enough income producing assets that will cover my monthly Bill's and allow me to retire from my day job and instead focus on growing my money. Financial freedom is what I value most second only to god.

>Your a decrepit old man
I'm 28

This is what I'm going to do. I'm tracking your IP, OP. I will rape your wife and sell your kids when I find you. Remember that your cockiness was the death of you.

How many of pic related degenerates are you dealing with that want to use this virus as an excuse to have zero savings?

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