Show me a state where that's legal.That caption real though.
Might be the funniest shyt I've see all weekWell, the shooters who tell are very scary. nikkas will drill down half a block, come home in a year. They'll get you out of here both ways, they're like a hood created player on 99.![]()
Renting your house out for $2500 just to finance a car for $2000 a month is ass backwards too though lol
That leftover $500 a month probably wouldn’t even cover your property taxes in New York
Yeah that made absolutely no fukking sense.....
Alright, he has 300k in cash and he gets a mortgage on a 300k home but only puts down 3% to 20% down then that leaves him w/ at minimum 240k (didn’t take in to consider closing cost) leftover. Now, with putting 20% down then your loan amount is obviously 240k and you have a renter paying 2500 that will cover your monthly payment on a mortgage and a car you are financing (depending on what his fico and interest rate is at). He would probably be around 1400 a month for that mortgage (that’s only P&I). Plus, the you still have 240k working for you in some capacity while living you home for free.
nikka.........he endorsed buying a 300k home and living in the basement all to rent it at 2500 a month.
In which he can then lease a overpriced car and still pocket 500 as solid financial advice
Wtf...why not buy the same property 275..put 25k to it in repairs and the turn around and flip it for 400k
Or buy a 200k home....rent it out...with 100k left....and go buy any car you want while letting the house rent money supplentment your own rental home....
His advice to not do dumb shyt..came out like dumb shyt just done differently...
I’m in the finance industry and what you are is bad investment. why tie up the majority of your 300k in a home. That’s bad business and a lot of people who pay cash for a home typically do a delayed financing to get the money back for a flip in something else.nikka.........he endorsed buying a 300k home and living in the basement all to rent it at 2500 a month.
In which he can then lease a overpriced car and still pocket 500 as solid financial advice
Wtf...why not buy the same property 275..put 25k to it in repairs and the turn around and flip it for 400k
Or buy a 200k home....rent it out...with 100k left....and go buy any car you want while letting the house rent money supplentment your own rental home....
His advice to not do dumb shyt..came out like dumb shyt just done differently...
I’m in the finance industry and what you are is bad investment. why tie up the majority of your 300k in a home. That’s bad business and a lot of people who pay cash for a home typically do a delayed financing to get the money back for a flip in something else.
Also, depending on location 300k is completely updated home.