lmao you are an absolute retard.
You strongly strongly imply your example uses a mortgage, BECAUSE YOU INCLUDE MORTGAGE PAYMENTS.
your "investment" is what you put it. There are no 2 ways around this.
If your investment, as you defined in your "ROI" calc, is $500k, then you have paid for the whole thing yourself. You therefore don't need a mortgage.
So I ask you again, you minimum wage, poorly educated bum, if you fund the whole thing (the whole 500k yourself), then why do you need a mortgage? why have you included it in your ROI calcs???
If you fund the whole thing yourself, the whole $500k yourself, then you don't have mortgage costs. You simply have the 800 per week rent / the $500k = 8.32%
But for some reason you have put mortgage costs in there. You deduct non existent mortgage costs off the rent for some reason.
You're poorly educated ass is so confused and embarrassed by this thread, you do the investment part as though its funded outright (no leverage) but then do the cashflow part as though it is (by including borrowing costs - and you even get this wrong, only the interest component is a borrowing cost).
Mortgage costs = borrowing costs, which you only have, if you have a loan. You do not have a loan, if the property cost $500k, and your investment in it is $500k - this mean you brought the whole thing outright.
Are you really this fn dumb? I know your'e min wage, but this is beyond comprehension of financial principles, its going into simple logic now.
Jokes bro I'm toying with you now, I acknowledge your IQ is probably bottom 10th percentile, and that you don't understand a thing I am saying.
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03-02-2017, 05:43 PM #451
Last edited by Gizzyhardcore; 03-03-2017 at 01:33 AM.
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03-07-2017, 04:38 PM #452
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03-08-2017, 06:39 AM #453
- Join Date: Jul 2014
- Location: Los Angeles, California, United States
- Age: 37
- Posts: 1,703
- Rep Power: 4839
JUST FUKKING LOL @ borrowing $45k interest free from your parents. Most people don't have that option, you potato. Acting like you are some success because you leached off your parents, plz go. No, you didn't do it "with your own cash" you fukking idiot, you just said a couple sentences up that you are doing it with daddy's money.
You probably think I'm "mad" because I'm jealous. No, I just hate when idiots that get everything handed to them in life think they are qualified to give advice to other people that have to make things happen for themselves
I am planning on buying a rental property soon, but unlike your dumbazz, I'm doing it with money that I earned and getting financing from sources that are actually available to normal people (the bank). Not letting mommy and daddy carry me and then acting like I did everythingLast edited by DrunkPanda18; 03-08-2017 at 06:48 AM.
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03-08-2017, 07:02 AM #454
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03-08-2017, 07:24 AM #455
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03-08-2017, 07:52 AM #456
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03-08-2017, 08:01 AM #457
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03-08-2017, 12:12 PM #458
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***Strong 2nd Reply Crew***
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03-08-2017, 12:16 PM #459
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03-08-2017, 12:52 PM #468
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03-08-2017, 12:53 PM #469
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03-08-2017, 12:56 PM #470
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03-08-2017, 01:02 PM #471
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03-08-2017, 01:04 PM #472
- Join Date: Jun 2009
- Location: Ontario, Canada
- Age: 34
- Posts: 13,039
- Rep Power: 40531
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03-08-2017, 01:10 PM #473
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03-08-2017, 01:24 PM #475
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03-08-2017, 01:28 PM #476
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03-08-2017, 01:36 PM #477
I got about $220k invested in 22 different companies
Yeah if you have investments in a non registered account and you receive dividends, you'll probably get a tax slip, I got a T5 from one of my accounts.
Best time to accumulate wealth is when young, time is a rich persons friend
Sometimes random people approach me when I'm not at work and thank me for being so good with there children when they were sick.
Small community living ain't so bad***Strong 2nd Reply Crew***
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03-08-2017, 01:38 PM #478
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03-08-2017, 01:42 PM #479
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03-08-2017, 01:44 PM #480
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