All great things come to an end. nikkas need to stop hopping on the latest trends/bandwagons and make money your own way.
real estate isn't a trend or a bandwagon thing.
but it also isn't something that someone should rush in to without a little knowledge
it looks easy from the outside but there is lot of shyt to deal with with owning properties, and rentals can be a pain in the ass too.
Renters have more rights than owners and I know a few dudes that have been fukked by bad renters.
regardless. IT is a good way to make money.
I see ppl buying expensive houses and trying to flip them(or even live in them)
but fukkk that shyt
the most successful ppl I know in real-estate are practically slum lords.
its better to buy cheaper properties fix em up and flip em. cheap homes ell waay faster than trying to sell that one goldmine
Id rather buy 3 100,000$ homes than one 300K one feel me?
its like diversifying your portfolio on the real estate tip
but if someone wants to get in the rental game just cop a duplex or triplex or small building that you can live in and still rent out the other apt's
my cuz bought his first home as a triplex, and his own personal mortgage covers the building. and the other 2 apts he rents out is extra $$
I own my own home and a separate condo that I rent out. I don't make a lot of money from the rental. as I invest all that money back in to the principal. and I'll make all my money through equity when I sell and reup to buy 2 or three more.
same with my personal home. I am putting an extra 25% on my mortage EVERY month. I've knocked off 15 years of mortgage in 5 years by doing this.
I'll be mortgage free on my own home in 10 years
Then Ill sell that and buy/build my dream home and live that life.
