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  1. #481
    Registered User ashin1's Avatar
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    Originally Posted by magnetbrah View Post
    inb4 op is the author of the lazy investor
    Inb4
    Op is the lazy investor
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  2. #482
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    Originally Posted by magnetbrah View Post
    inb4 op is the author of the lazy investor
    lazy investors with $45k to invest to start.
    "Violence committed in the name of religion is never about religion." -Kareem Abdul-Jabbar
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  3. #483
    Registered User ashin1's Avatar
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    Originally Posted by Cre8tiveLifter View Post
    chit is for lazy azz people

    no thx jeff
    posts in a thread about passive income, says it's for lazy azz people...

    lol just lol
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  4. #484
    Registered User Restraint's Avatar
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    invest in yourself
    Have a good day, fellow miscer.
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  5. #485
    Registered User Fairplay's Avatar
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    So OP got an interest free loan from his parents and now made a thread with a title belittling other miscers who don't have investments? Strong everything.
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  6. #486
    Registered User jiujitsubro's Avatar
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    that's okay brah, not all of us will make it and I'm glad it's that way, can't have winners without loser
    I bounce my ideas off of people who have money or are working full time with good credit etc.

    I'm referring to people who don't try to improve or help themselves.
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  7. #487
    Registered User DrunkPanda18's Avatar
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    Originally Posted by ashin1 View Post
    i must say it sure feels good not having to pay interest on a 45k loan!
    LOL @ your broke parents

    feels good to know my kids will have their lives set from the moment they are born

    so if my parents loaned me 45k and my net worth is over a .25M where did i get the other monies from?

    its called working maybe you should try it out you may like it
    LMAO again. First of all, I DO work, I already stated I was using "money I EARNED" to buy a rental property. You need to work on your reading comprehension, it would help if you read some books, instead of just "seen"ing them. I actually grossed more than you did last year, I just don't post pics of my 1040 because I'm not a tryhard baby trying to impress people with money.

    My parents actually are successful business people and could easily/willingly give me an interest free loan, but some people (like me) try to make it in this world on their own merits, instead of running to mommy and daddy to do everything for them. Success tastes sweeter when you make it happen yourself.

    Btw I am buying a big boy rental property, not a fukking mobile home
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  8. #488
    Registered User ashin1's Avatar
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    Originally Posted by DrunkPanda18 View Post
    LMAO again. First of all, I DO work, I already stated I was using "money I EARNED" to buy a rental property. You need to work on your reading comprehension, it would help if you read some books, instead of just "seen"ing them. I actually grossed more than you did last year, I just don't post pics of my 1040 because I'm not a tryhard baby trying to impress people with money.

    My parents actually are successful business people and could easily/willingly give me an interest free loan, but some people (like me) try to make it in this world on their own merits, instead of running to mommy and daddy to do everything for them. Success tastes sweeter when you make it happen yourself.

    Btw I am buying a big boy rental property, not a fukking mobile home
    I must say it sure feels good to be mortgage free
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  9. #489
    Registered User Restraint's Avatar
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    great anther passive income thread

    same stupid methods same rhetoric same vague useless bull****

    how do these get 500 replies?
    Have a good day, fellow miscer.
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  10. #490
    You Never Had Me Fuqdatass's Avatar
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    Originally Posted by ashin1 View Post
    I must say it sure feels good to be mortgage free
    Oh you didn't mention you were an entitled leech in the op, that would have good to know from the start
    I don’t want a large farva, I want a goddamn liter of cola
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  11. #491
    Registered User Restraint's Avatar
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    Originally Posted by Fuqdatass View Post
    Oh you didn't mention you were an entitled leech in the op, that would have good to know from the start
    statistics show you should just give up in the financial department bruh
    Have a good day, fellow miscer.
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  12. #492
    Registered User ashin1's Avatar
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    Originally Posted by Fuqdatass View Post
    Oh you didn't mention you were an entitled leech in the op, that would have good to know from the start
    i love how mad you get @ the fact that i was offered an interest free $45k loan and i didn't turn it down.



    Originally Posted by Restraint View Post
    great anther passive income thread

    same stupid methods same rhetoric same vague useless bull****

    how do these get 500 replies?
    because any pleb can start building stream of passive income. even you boyo
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  13. #493
    Registered Bro Who?'s Avatar
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    Options and stocks are my main source. I'm looking for something more passive, considering the amount of work and research I do to make money trading isn't exactly "passive."

    Every market just seems so saturated. Amazon, eBay, Insta/YouTube, and the social media crowd just seems so desperate and petty.
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  14. #494
    Registered User ashin1's Avatar
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    Originally Posted by Who? View Post
    Options and stocks are my main source. I'm looking for something more passive, considering the amount of work and research I do to make money trading isn't exactly "passive."

    Every market just seems so saturated. Amazon, eBay, Insta/YouTube, and the social media crowd just seems so desperate and petty.
    yeah if you legit have some sort of talent/entertainment skills you can leverage, then its probably more easier to use social media for creating ad related passive income, but for normal brahs it can be tougher.

    index investing is what i hear about the most on the misc, like the 4% rule, but what about the case where FEDs hike the taxes on capital gains, or if the market performed poorly?

    that's why i like dividends, no work needed, buy, collect, and reinvest.
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  15. #495
    Registered User Rocalvic's Avatar
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    These threads are like pyramid schemes or cults

    Vague useless information
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  16. #496
    Registered User Gizzyhardcore's Avatar
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    Originally Posted by ashin1 View Post
    You sound like you are trying to find a way to cope...
    At least you are trying lol





    that's okay brah, not all of us will make it and I'm glad it's that way, can't have winners without loser
    hey we need people to rent our properties cause their "balla" car they brought on credit eats up any deposit on a house they might have put together
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  17. #497
    Registered User Gizzyhardcore's Avatar
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    Originally Posted by ashin1 View Post
    i love how mad you get @ the fact that i was offered an interest free $45k loan and i didn't turn it down.

    so normally you would have to pay interest on a $45k loan, whats that 4% per year? so the gift you are getting is not paying the interest.. which is worth... a whopping $1,800 a year.. so thats the effective "gift" your parents are giving you...


    and these phaggots on the misc are all salty cause of that? $1,800... wow. lol
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  18. #498
    Registered User samsbolton's Avatar
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    Originally Posted by Gizzyhardcore View Post
    hey we need people to rent our properties cause their "balla" car they brought on credit eats up any deposit on a house they might have put together
    He doesn't have a property

    He has a 45k trailer in saske-bumble-fukk nowhere.
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  19. #499
    Registered User samsbolton's Avatar
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    Originally Posted by Gizzyhardcore View Post
    so normally you would have to pay interest on a $45k loan, whats that 4% per year? so the gift you are getting is not paying the interest.. which is worth... a whopping $1,800 a year.. so thats the effective "gift" your parents are giving you...


    and these phaggots on the misc are all salty cause of that? $1,800... wow. lol
    No try reading the thread

    It was a gift that he pays back as and when, or not at all. Try that with a bank, even interest free.
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  20. #500
    Banned quadfecta's Avatar
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    Originally Posted by DrunkPanda18 View Post
    LMAO again. First of all, I DO work, I already stated I was using "money I EARNED" to buy a rental property. You need to work on your reading comprehension, it would help if you read some books, instead of just "seen"ing them. I actually grossed more than you did last year, I just don't post pics of my 1040 because I'm not a tryhard baby trying to impress people with money.

    My parents actually are successful business people and could easily/willingly give me an interest free loan, but some people (like me) try to make it in this world on their own merits, instead of running to mommy and daddy to do everything for them. Success tastes sweeter when you make it happen yourself.

    Btw I am buying a big boy rental property, not a fukking mobile home
    Strong this. Just fukking lol at op taking a 45k gift from his parents he won't pay the majority of back, choosing to live in a trailer home with a roommate and working chit tons of overtime just so he can come on the misc and laugh at people who don't follow the same desperate strategy to acquire a measly .25mill (Canadian) worth. Get off your high horse son, you're not impressive or inspiring in any way.

    17 page thread and he keeps going on bragging about having wealthy parents as if he had a hand in any of their success, mommy and daddy probably told him which stocks/index funds to buy as well, no doubt the majority in the Chinese stock exchange
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  21. #501
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    Originally Posted by samsbolton View Post
    No try reading the thread

    It was a gift that he pays back as and when, or not at all. Try that with a bank, even interest free.
    so hows that mortgage of yours going? - the one you got when you made a 100% down payment?
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    Originally Posted by Gizzyhardcore View Post
    so hows that mortgage of yours going? - the one you got when you made a 100% down payment?
    What

    One property mortgage free

    One 60% equity.

    And that's near London not in a sheep field in upside down world
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  23. #503
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    Originally Posted by quadfecta View Post
    He's right. A couple rental properties will yield enough to pay the mortgage but it's not like you're banking significant returns to increase your net worth.
    It's not so much the short term it's setting yourself up long term.

    Say I buy a rental for 100k. I put 10k down. Mortgage is $800 on a 15 year loan PITI.

    Home rents for $900. I make a measly $100 a month, not counting repairs and expenses.

    BUT, I also am paying down $300 in principal each month, and I also get to deduct all that mortgage interest on my taxes, as well a small depreciate the home over 27.5 yeRs.

    Oh yeah, and That mortgage payment is covered by the renter. And in fifteen years there is no more mortgage payment. Oh yeah, and a house appreciates in value.

    Point is rentals won't make you rich overnight, but they don't require a lot of day to day work (I own 7), and they will set you up very well long term. All about buying the right place and picking the right tenants.
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    Originally Posted by samsbolton View Post
    What

    One property mortgage free

    One 60% equity.

    And that's near London not in a sheep field in upside down world
    you seemed to think before that even if you buy a house 100% down, you still have a mortgage.. do you want me to quote you?
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    Originally Posted by Rocalvic View Post
    These threads are like pyramid schemes or cults

    Vague useless information
    Actually the OP has provided some really good info on the nuts and bolts of investing:

    http://forum.bodybuilding.com/showth...hp?t=162127801

    But has probably resorted to trolling now because of so much negativity on the misc from miserable haters such as samsbolton lol.

    You will get a lot further if you have a positive attitude rather than trying to bring people down, it really narrows your world and gives you a bleak outlook on life. ELE misc (Everybody Love Everybody)
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    Originally Posted by Oinkerjnn View Post
    It's not so much the short term it's setting yourself up long term.

    Say I buy a rental for 100k. I put 10k down. Mortgage is $800 on a 15 year loan PITI.

    Home rents for $900. I make a measly $100 a month, not counting repairs and expenses.

    BUT, I also am paying down $300 in principal each month, and I also get to deduct all that mortgage interest on my taxes, as well a small depreciate the home over 27.5 yeRs.

    Oh yeah, and That mortgage payment is covered by the renter. And in fifteen years there is no more mortgage payment. Oh yeah, and a house appreciates in value.

    Point is rentals won't make you rich overnight, but they don't require a lot of day to day work (I own 7), and they will set you up very well long term. All about buying the right place and picking the right tenants.
    This. Knowledge.

    Also what can happen is you buy them for rental yield (positive cashflow). Ie you crunch the numbers, you work out the rent covers all the expenses (running costs + interest on mortgage), and you have a bit left over at the end to pay the mortgage off faster or put in your own pocket. Rent, in theory, will increase with inflation too.

    With capital gain, and this is what happened to me, is sometimes (depending on the area you brought in), the capital value goes up much faster than the rent.
    The property you brought for $220k that rents for $360 a week, (approx 8.2% gross yeild) now, 10 years later is worth $650k and only rents for $450 a week. (3.4% gross yeild). So you have an asset thats worth $650k that only gives you 3.4%.
    Better off to sell it and use that money elsewhere.

    In my case though I refurbished it to sell, spend $15k new carpet, kitchen appliances, painted all the interior etc. Never got the sell price I want, but put new tennants in at $610 per week, and its not quite worth $650 (because it didnt sell for that), maybe its worth $600k, but it now has a yeild of just over 5%, which is ok by me for the time being.
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    Originally Posted by Oinkerjnn View Post
    It's not so much the short term it's setting yourself up long term.

    Say I buy a rental for 100k. I put 10k down. Mortgage is $800 on a 15 year loan PITI.

    Home rents for $900. I make a measly $100 a month, not counting repairs and expenses.

    BUT, I also am paying down $300 in principal each month, and I also get to deduct all that mortgage interest on my taxes, as well a small depreciate the home over 27.5 yeRs.

    Oh yeah, and That mortgage payment is covered by the renter. And in fifteen years there is no more mortgage payment. Oh yeah, and a house appreciates in value.

    Point is rentals won't make you rich overnight, but they don't require a lot of day to day work (I own 7), and they will set you up very well long term. All about buying the right place and picking the right tenants.
    That part is the key to property investing IMO, you can outperform Warren Buffett investing with leverage. Put a 10% deposit down on a 500k property growing at just 5% a year and your ROI is 50% per annum. (25k profit per year / 50k deposit). You just need to understand using debt to purchase appreciating assets.
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    Originally Posted by Gizzyhardcore View Post
    This. Knowledge.

    Also what can happen is you buy them for rental yield (positive cashflow). Ie you crunch the numbers, you work out the rent covers all the expenses (running costs + interest on mortgage), and you have a bit left over at the end to pay the mortgage off faster or put in your own pocket. Rent, in theory, will increase with inflation too.

    With capital gain, and this is what happened to me, is sometimes (depending on the area you brought in), the capital value goes up much faster than the rent.
    The property you brought for $220k that rents for $360 a week, (approx 8.2% gross yeild) now, 10 years later is worth $650k and only rents for $450 a week. (3.4% gross yeild). So you have an asset thats worth $650k that only gives you 3.4%.
    Better off to sell it and use that money elsewhere.

    In my case though I refurbished it to sell, spend $15k new carpet, kitchen appliances, painted all the interior etc. Never got the sell price I want, but put new tennants in at $610 per week, and its not quite worth $650 (because it didnt sell for that), maybe its worth $600, but it now has a yeild of just over 5%, which is ok by me for the time being.
    Hey look, somebody else that understands numbers and math. Agree with all this.

    I do this too, and I flip homes too (and have done so for a decade not some Jonny come lately). Problem is flips and rentals are both great but one is abuot short term wealth generation one is about long term. One needs cash, one needs credit. It's a dance.

    I try to buy one rental a year, but pricing is gretting crazy so I either need to move my new rentals further uot (I have two an hour away I haven't been inside in over six months just get a check each week) or put more money down.

    Goal is to have ten paid off in ten years, and I'm on track for that. And no I don't want to retire at 45, I love what I do, but at that point that income stream should be significant.

    Also if yuo want to get into this meet with an accountant the tax implications (both good and bad) are significant.

    And yes yuo can start with very little money but you better have something to bring to the table I.e. Carpentry or building knowledge.
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    Originally Posted by keels141 View Post
    That part is the key to property investing IMO, you can outperform Warren Buffett investing with leverage. Put a 10% deposit down on a 500k property growing at just 5% a year and your ROI is 50% per annum. (25k profit per year / 50k deposit). You just need to understand using debt to purchase appreciating assets.
    5% appreciation a year is strong. We are booming now, wasn't the case ten years ago, remember. There are multiple schools of thought on this.

    The wealthiest investors I know target single family homes in good areas. Guys simply looking for an income stream target multi family homes. Cheaper houses equal better ROI/cap rate, more expensive homes equal better appreciation. Of course there are exceptions to both rules.

    I own both. I just sold a great home and buoght a cheaper one. The great home was bringing in $2100 a month. Itin one of the best neighborhoods in the city. I sold it for 335k (in 2 days) and bought a home in an up and coming neighborhood for 100k that's renting for $1200. My reasoning was the rent curve reached its peak in house one. And the second home I can see that rent get higher nad higher as time goes on.

    Miscers want easy money. There is no such thing. I fell flat on my face when I tried to start at this ten years ago or so and went back to the drawing board to build my network and learn the industry.
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    Originally Posted by Gizzyhardcore View Post
    This. Knowledge.

    Also what can happen is you buy them for rental yield (positive cashflow). Ie you crunch the numbers, you work out the rent covers all the expenses (running costs + interest on mortgage), and you have a bit left over at the end to pay the mortgage off faster or put in your own pocket. Rent, in theory, will increase with inflation too.

    With capital gain, and this is what happened to me, is sometimes (depending on the area you brought in), the capital value goes up much faster than the rent.
    The property you brought for $220k that rents for $360 a week, (approx 8.2% gross yeild) now, 10 years later is worth $650k and only rents for $450 a week. (3.4% gross yeild). So you have an asset thats worth $650k that only gives you 3.4%.
    Better off to sell it and use that money elsewhere.

    In my case though I refurbished it to sell, spend $15k new carpet, kitchen appliances, painted all the interior etc. Never got the sell price I want, but put new tennants in at $610 per week, and its not quite worth $650 (because it didnt sell for that), maybe its worth $600k, but it now has a yeild of just over 5%, which is ok by me for the time being.
    Nice work bro! But why would you sell?

    If you sell you have to pay tax on a 400k capital gain, plus real estate agent's fees on top of that.

    If that was in Australia you would pay:
    - ~$50,000 in tax
    - ~$20,000 in agent's fees

    And then once you get the money, what will you do with it - invest it back into the market? Transaction costs are so expensive it is not worth it IMO. My plan is to buy and hold for decades.

    If you need cash just go to the bank and get a line of credit on the property.
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