Is owning an apartment building the final redpill?

Is owning an apartment building the final redpill?

Attached: A2DD9264-BFDA-4E04-AF2F-8D595BACDD06.jpg (1125x1896, 1.28M)

Imagine the drama that comes along with owning that gigantic, ugly hunk of shit

Take your $10,500,000 and get passive crypto gains

People shouldn't be allowed to have control over apartment buildings for profit. Responsibility should be given to public figures who are accountable.

I can't imagine having 10mil and spending it on a low return headache like an apartment building. Buy 1 mil of 10 shitcoins and enjoy your 100mil in a few years

Imagine if instead of 1 Rich Jew profiting off an apartment building, instead 5-10 government officers made profit off the building and kept tenants happy as a TEAM.

Let me guess, Biden 2020?

Assuming $2,000 a month rent that's $38,000 a month at maximum occupancy - now take out taxes, repairs, fees, maintenance, compliance... MAYBE $20,000 in your pocket a month. So $240,000 a year. That's 40 YEARS to pay itself off. Any stock paying 2.5% divvies would be a better investment, and stocks typically appreciate vs a rotting building

It's a scam unless you have $1M+ in disposable income earning you at least $4k monthly.

I'll probs just stick to playing Badger Finance when it goes live.

>politicians
>accountable

I guess that is the signal for me to go to bed now. Night user.

If it's such a good deal why the fuck are they selling it?

And then you get fucked by all the laws that prevent you from evicting shitheads.
Right now you can't evict anyone in the US for any reason.
Have fun with the debt.

And then you get this fucker here telling everyone his projects are going to be done in a couple years. A couple years go by and there’s nothing but a fucking hole in the ground. But the projects he does get done he’s the first to put his McDonald’s in. Fucking slimy scumbags. These fuckers are going to pay dearly. I’m gonna puss down their throats.

Attached: 17E338D6-B537-4CAA-8027-E7BC926F4F55.jpg (209x292, 20.71K)

>completing about this one family of gooks who are 1% of the problem rather than the jews who are 95% of the problem

you guys forgot the property tax this fucking thing will be too in estimation. Probably cheaper buying duplexes

Based. Landlords should be sold into slavery.

Sticking that 10m on Curve.fi would probably get better returns, and I can always withdraw that money at any time

Stfu faggot. Go cry about da Jews while you sick your own kike dick.

I own five apartment buildings (triplexes) in Arlington, 15 total apartments. They rent for $2,800/mo but usually a couple are empty at any given time. One was just freed up last week and just had new carpets put in, fresh paint, etc. If anyone is looking for a 2b/2ba apartment in Arlington lmk, I'll give you a Zig Forums discount

Is it comfy? What is the net after all the bullshit? Do you use a management company?

If I had $10.5 mil, I'd just park most of it in SPY/VOO and cruise on my average $1MM per year.

The real money is in being a slum lord.

net is about 350k/yr more or less. I have one part time employee who is pretty handy - he takes the bins to the curb, mows the lawns, fixes minor things, runs random errands, does the showings. Over the years I have developed a good relationship with reliable contractors for everything which really helps. Carpets go in for 1k, new roofs are 6k and done every 10 years, water heaters are pretty buggy and need to be replaced every once in awhile. Overall it's too chill to need a management company for just 5 buildings

And if curve goes bankrupt you can kiss your 10mil bye bye

It's all about the DCF. As long as you're cash flowing within your parameters above interest and principle, in an area you presume to have considerable growth, you know when to sell, etc., it may not be a bad investment.

However, with population growth stagnating, the assumed probability of property values going down within the next 8 years, and a number of other factors, you may very well be off just investing or starting some company or a number of companies.

The thing is, your risk (the principle amount) is a lot, and if you're not making much above the principle/interest payments, operating costs, etc., and you don't summate and prioritize the proper risk factors, you could be looking at a 20-25% market value loss on the property, which comes out to a $2,625,000 loss.

The cap rate is the net operating cash flow. So assuming it's yearly, that gives us a SUPPOSED (yes they may very well pump these numbers and do it legally) $10,500,000*0.04=$420,000 per year.

All that, for only a 4% gain, and on what I believe to be a rocky and shifty housing market at best at this point in time. I'm talking maintenance contractors, office staff, yadda yadda yadda. All for a 4% market cap? What?

If you do lose that 25% market value of $2,625,000, and rents stay the same, that means your break even would be at least 6.25 years of time (meaning cash flow that offsets market value loss). It may go up, it may go down, but that's quite a considerable risk.

Some preferred shares of BAC yield like 5+%, think about it...

I live in dc, if it's a true one bedroom, it's 2-3k a month

The renter redpill is to always rent from some retired boomer who only owns a couple properties.

The landlord redpill is to ditch the building and invest in Funko Pops!, which will only increase in value.

Attached: bitcoin brainlet.png (1280x1573, 3.27M)

>Buy 1 mil of 10 shitcoins and enjoy your $378.12 in a few years
ftfy

Attached: 1589732198053.jpg (400x279, 46.02K)

4% cap fuck off lol

Won't the alarm go off

loan terms for apartment buildings are typically 5-10 years, so the owner likely needs to either sell or refi soon. Also, if you look up apartment building syndicator strategies they typically target 3-7 year hold periods because any longer and it is hard to get investors willing to commit money for that long. Apartment buildings change hands very frequently for these two reasons

they tell you the cap rate right there, you don't need to make any assumptions. It's a 4% cap rate which means at current cash flow it would take 25 years to pay itself off. Yes it's terrible

4% cap rate is utter and complete shit for what a pain in the ass this would be btw. I wouldn't touch it for less than 20%. t. re fag