Broke n!ggas getting FILTHY RICH $$$ off REAL ESTATE

[Wise]

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.

I'm tryna get on the condo flex but to buy it pre-construction, not only does thr value go up when it's constructed but in years as well and to rent it in the meantime.

I feel you on buying run down spots like homes or duplexes/triplexes, but finding those are hard and when you do it's not usually in a desirable location

What city you in?

 

[Lavish]

Yee lookin smashable right now

 

[Cynic]

Anyone ever tried house flipping in another country? Particular one of those countries with an emerging economy (i.e.: Brazil, South Africa, Vietnam, etc.). My thinking is that America will be dead in 20-30 years. Why not start your real estate investment empire in a country that will become a super power later on? You'll have a head start.

Capital and barriers preventing foreigners . S.African real estate is dirt cheap though 200-300k will get you a vicious little mansion near the beach. I can't speak on Brazil or Vietnam though. If China was easier to get into I'd suggest being a part of their move to move rural areas into the city ...



I'll take a better look at this dude, I have a feeling he is doing lease options and wholesaling real estate to investors. We all have to start somewhere


Commercial real estate is


Edit: Is he just a realtor or an actual investor ?

 

[Momentum]

Anyone ever tried house flipping in another country? Particular one of those countries with an emerging economy (i.e.: Brazil, South Africa, Vietnam, etc.). My thinking is that America will be dead in 20-30 years. Why not start your real estate investment empire in a country that will become a super power later on? You'll have a head start.

I'd bet on America. Just sayin'. I study Warren Buffet.

 

[Maschine_Man]

I'm tryna get on the condo flex but to buy it pre-construction, not only does thr value go up when it's constructed but in years as well and to rent it in the meantime.

I feel you on buying run down spots like homes or duplexes/triplexes, but finding those are hard and when you do it's not usually in a desirable location

What city you in?

well what I was saying is this. If you want to just buy homes to flip or rent then getting a few cheaper ones will be better than just investing alot of money in to one.
but the best way to START out IMO is to cop a duplex or triplex in a decent area and live in it. that way you don't really have to worry about not collecting rent cuz you'd be paying your own mortgage on the house. then when you start rentin just reinvest that money either towards the principal in the house or save it up to cop more properties to do the same.

its probably the 'safest" way to get in the game.

 

[MoneyTron]

What is filthy rich?

 

[TheBigBopper]

Angela Yee cakin like that?

 

[shopthatwrecks]

it's not as easy as you think

in the south it is..

adverse possession is big all over the south...all of the big realty companies n banks like chase do it all the time...the avg person wouldnt think about doin it..but they can n 16 bucks is all u need..

jus do ya research on the property..its plenty of defunct home builders..

its the biggest scam in texas..mexicans start up a home building company ...buy up some land build up fast sell cheap...find a small mexican owned bank...homeowners make their payments in the name of the building company..checks goto the bank...for a goo 5-15 yrs..feds come in investigatin..ese's close up shop..eventually the bank goes under...everything gets deleted destroyed...

if the neighborhood is good...and the workers have moved out ..banks n places like century 21 come in...do they research...if its no record they squat on it...

the way they squat is different than what a regular person does...they pay the 16...instead of them havin somebody squat..they simply place

in the yard....the original owner if they decided to come back n reclaim it..aint gone try n take it to court with a major chain...u will never hear of it really..

pay the taxes ..begin "construction" on the allowed 3yrs...for them to sit on it...when its up...they got it..n put it back on the market...


regular nikkas dont think to make up a sign...when they goin to the nicer richer neighborhoods...instead they bring attention to themselves..n the cac neighbors begin to wonder why the fukk they over there...n start investigating...

throw a sign up....get u some mexicans...and "start construction" nobody would care or think to ask...3yrs will go by in no time...

3yrs up take the sign down...make ad for it...rent it out...get homeshield on it...to perform the maintenance part of it...collect checks..

goto another place n do the same exact thing..

 

[Fredrick Thuglas]

in the south it is..

adverse possession is big all over the south...all of the big realty companies n banks like chase do it all the time...the avg person wouldnt think about doin it..but they can n 16 bucks is all u need..

jus do ya research on the property..its plenty of defunct home builders..

its the biggest scam in texas..mexicans start up a home building company ...buy up some land build up fast sell cheap...find a small mexican owned bank...homeowners make their payments in the name of the building company..checks goto the bank...for a goo 5-15 yrs..feds come in investigatin..ese's close up shop..eventually the bank goes under...everything gets deleted destroyed...

if the neighborhood is good...and the workers have moved out ..banks n places like century 21 come in...do they research...if its no record they squat on it...

the way they squat is different than what a regular person does...they pay the 16...instead of them havin somebody squat..they simply place

in the yard....the original owner if they decided to come back n reclaim it..aint gone try n take it to court with a major chain...u will never hear of it really..

pay the taxes ..begin "construction" on the allowed 3yrs...for them to sit on it...when its up...they got it..n put it back on the market...


regular nikkas dont think to make up a sign...when they goin to the nicer richer neighborhoods...instead they bring attention to themselves..n the cac neighbors begin to wonder why the fukk they over there...n start investigating...

throw a sign up....get u some mexicans...and "start construction" nobody would care or think to ask...3yrs will go by in no time...

3yrs up take the sign down...make ad for it...rent it out...get homeshield on it...to perform the maintenance part of it...collect checks..

goto another place n do the same exact thing..

Sounds like a good idea. The black dude that tried this in Texas was eventually kicked out cause of the angry cac neighbors trying to file paper work.

 

[Mr Uncle Leroy]

$800K - $1.5m house; top echelon of hip-hop radio is good

 

[Wise]

well what I was saying is this. If you want to just buy homes to flip or rent then getting a few cheaper ones will be better than just investing alot of money in to one.
but the best way to START out IMO is to cop a duplex or triplex in a decent area and live in it. that way you don't really have to worry about not collecting rent cuz you'd be paying your own mortgage on the house. then when you start rentin just reinvest that money either towards the principal in the house or save it up to cop more properties to do the same.

its probably the 'safest" way to get in the game.

You from Toronto right? Your condo in downtown? I'm always picking up those condo magazines. Heard TO has the most condo construction in North America. Downtown always sells so thats a good thing.

 

[shopthatwrecks]

Sounds like a good idea. The black dude that tried this in Texas was eventually kicked out cause of the angry cac neighbors trying to file paper work.

Yea dumb nikka would post up with coolers n generator drawin attention ...

He learned from his mistake kuz he is doin everything I mention in university place now in Dallas he got three places around smu nowr