Property is NOT how you make money..srs

[davik]

Investing wisely (not 'brilliantly' i.e. Buffet style) is simple. Be disciplined enough to live within your means (where most people fail straight off), don't buy depreciating assets (expensive cars, clothes etc), spread your investment risks and keep cash handy.

None of that is difficult, it's not like understanding thermodynamics, it's the self discipline that people fail at.

thats like saying to get jacked you need to eat right

[TrotonKat]

I disagree I know people who have made money through property

[vulgoo]

Property

[milesgiles1]

I disagree I know people who have made money through property

Is this another 80 year old landlady?

[milesgiles1]

Never asked my landlord that (it was a she, and she was in her 80s) but I have a friend my age who's a programmer, makes good cash but not ballin, but has been able to buy some investment houses and is off to a great start. Your goal here isn't income from the rentals, you want the equity and write offs.

Doesn't that prove my whole point ? Lol

[milesgiles1]

thats like saying to get jacked you need to eat right

Christ you are truly a negative nancy

[davik]

this video should be stickied in the education forum lol. principles applies to everything. cryptocurrencies, real estate which most people are just gambling with thinking it will just go up and they use a mortgage smh

[vulgoo]

True

[PisseninMisc]

I'm hardly on the misc and Id say there is at least one guy a week who says they are getting into property letting. The only point ive made and keep making is the same as yours.. you need money to start with, and a LOT of time for that to grow, the same as any other investment. Whats the argument?

Just because you claimed you think you saw a thread doesn't make it true. Trust me bro look at my number of posts versus yours, I troll around here constantly and rarely see threads on this topic made by 20 something year olds trying to retire at 35 as you claim. The issue you're arguing against doesn't exist.

I don't disagree with your point tho. There are not many "shortcuts" to getting rich other than getting incredibly lucky. I'm pretty well off and also presented some amazing opportunities in 2018 which I hope will pan out, but that's hardly getting rich quick and not at all without putting in years of effort to be ready when the opportunity strikes.

[headturner1]

[youtube]hvmSTyLeC4o[youtube]
this video should be stickied in the education forum lol. principles applies to everything. cryptocurrencies, real estate which most people are just gambling with thinking it will just go up and they use a mortgage smh

I agree to a certain extent as to what this guy is saying, but I don’t think any money manager is struggling in the market today and if they are; well, they’re fukin idiotic

[milesgiles1]

True

Ta.

[iceypain]

what other asset class can you get 80-90% LTV?

[mchabs]

completely disagree with OP.

People need a place to live, don't they? Everyone knows that renting is a waste of money. If you own property you can rent rooms on your property to your friends and essentially live for free if you do it correctly.

I have friends who own several properties (backed by debt), and even commercial properties who make a killing in rental income. Eventually the debt gets paid and you have an asset that others paid for through rental income. You can then sell those properties to accumulate wealth, or keep on renting.

Of course this takes a lot of time, and you won't be able to pay off a property over night, but in the long run it can make you a millionaire.

[SportCoat]

lmao @ real estate, what year is this 1850? It's 2019 we only invest in cryptos now






semi srs

[davik]

Christ you are truly a negative nancy

I win then?

[vulgoo]

Renting lol

[gunshow101]

my property has gained 250k in value in 6 years. suk my dik op.

[IgotTheBiggest]

The best way to make money right now is to short Feb 2018 Bitcoin futures, 5 coins a contract. Make allllllllllll kiiiiiiiiiiiinds of gains all kinds. I recommend rosenthal collins, cannon trading, or peregrine financial as your brokers, you little punk asses. I said SHORT, you punk asses. Whew my butthole smells so good right now sons.

[melDorado]

Im selling my house next month
I think prices will.stop rising in the medium term

[SportCoat]

The best way to make money right now is to short Feb 2018 Bitcoin futures, 5 coins a contract. Make allllllllllll kiiiiiiiiiiiinds of gains all kinds. I recommend rosenthal collins, cannon trading, or peregrine financial as your brokers, you little punk asses. I said SHORT, you punk asses. Whew my butthole smells so good right now sons.

negged for shorting cryptos
negged for Age: 48
negged for Posts: 1
negged for Join Date: Jan 2018

[IgotTheBiggest]

now you listen here my little broke cryptocel cucklet, do you think it's coincidental that the large move down in BTC started happening Dec. 18 ? CME futures smacking it down son ! YOu don't even know son ! Blockchain going bye bye sonny. Inferior technology sonny boy. hashgraph is the future ! Everytime btc starts to rise you SHORT it like no tomorrow, tell em smackdaddy sent you boy

[milesgiles1]

what other asset class can you get 80-90% LTV?

Very true but it's not all wine and roses. I'm sure you know a few people who were completely wiped out by the sub prime crisis BECAUSE they could borrow far too much (hell I know of two and I don't even live in America)

[TrotonKat]

Is this another 80 year old landlady?

Huh?

[milesgiles1]

completely disagree with OP.

People need a place to live, don't they? Everyone knows that renting is a waste of money. If you own property you can rent rooms on your property to your friends and essentially live for free if you do it correctly.

I have friends who own several properties (backed by debt), and even commercial properties who make a killing in rental income. Eventually the debt gets paid and you have an asset that others paid for through rental income. You can then sell those properties to accumulate wealth, or keep on renting.

Of course this takes a lot of time, and you won't be able to pay off a property over night, but in the long run it can make you a millionaire.

Are you going to be the fourth person ITT who claims they have friends making a killing but doesn't want to explain the important bit(how they got the capital together in the first place)

[milesgiles1]

Huh?

Post 60

Everyone knows someone 'making a killing' but when questioned nobody wants to give any pertinent details can't think why

[TrotonKat]

Post 60

Everyone knows someone 'making a killing' but when questioned nobody wants to give any pertinent details can't think why

Ohhh

Called buying and selling and renting

[vulgoo]

Very true but it's not all wine and roses. I'm sure you know a few people who were completely wiped out by the sub prime crisis BECAUSE they could borrow far too much (hell I know of two and I don't even live in America)

where you live?

[DrunkPanda18]

this video should be stickied in the education forum lol. principles applies to everything. cryptocurrencies, real estate which most people are just gambling with thinking it will just go up and they use a mortgage smh

Yes, let's all listen to the guy who is currently serving time in federal pound me in the ass prison for being a scam artist

[irmocool]

lol op has never heard of gentrification

[NLnemesis]

It sounds a bit harsh but prices on Dutch real estate are throught the roof atm, so I'm waiting for another crash to buy some property cheaply.
No I don't want anyone to become homeless, but it happens. People are retards when it comes to financial planning