Why is there no thread ever on Zig Forums to discuss real estate investing with likeminded real estate bros? Instead we have 90% cryptospeculation threads where more anons have lost money due to pump and dump than anons gaining, and /smg/. Is it because anons on the whole can't afford real estate?
Are real estate and home improvement discussions reserved for /diy/? Should Hiro make a board for anons dedicated to real estate?
It is because the amount of bullshit involved with buying/renting/building/getting permits/insurance/natural disasters for like 20 - 30% returns is incomprehensible when I can click a button and get 20 - 30% returns
Real estate? More like just a bunch of hyped up bullshit with zero guarantees, just like crypto. One of them requires work
I don't know but I have 2 rental properties if you want to hear about them.
>buy land
>do nothing
>make money
What is there to discuss?
yea, some questions:
- zipcode / town?
- when did you buy?
- have you invested much in improving them or has most of the cost gone into maintenance?
- has it been difficult to find reliable tenants?
- What's been your total return so far?
In a city right now it makes sense to rent because maintenance across the country is absurd. Otherwise, in a suburb/rural makes sense to buy if primary residence because of mortgage interest tax deduction and 2.5% interest rates. That's it. Past your primary residence, real estate is a lot of bullshit for limited gains unless you're a chad agent, have family in the business, or have the necessary connections. Better off sticking with shitcoins or waging.
Is Fundrise a viable option for real estate investing? Honestly, I'd rather buy a couple acres and start a homestead than buy apartments I have to maintain
>Why is there no thread ever on Zig Forums to discuss real estate investing with likeminded real estate bros?
Because, quite frankly, you inherit or buy real estate, and sit and wait, and whilst you do wait , you pay taxes, make necessary repairs, and collect rent... so you at least don't lose money while you wait. Much like BTC. If you need someone to hold your hand, try the faggot next door?
Enjoy your shitcoin going down 50% in a single day. Oh, you made 20%? Congrats, Goldberg gets 50% of it.
Rent's due next week kid
>zipcode / town?
UK here
>when did you buy?
2009, 2013
>have you invested much in improving them or has most of the cost gone into maintenance?
Bought both from brand new, very little work done since
>has it been difficult to find reliable tenants?
Yes, somewhat. You'll often churn through a few tenants that only stay What's been your total return so far?
Dunno. Current income is about £1100 a month combined, which is considerably lower than it used to be, but lowered the rents for various reasons over last few years. Could raise rent again but would rather keep reliable tenants for now. Mortgages are around £450 a month combined.
choosing the right market, getting into a market at the right time, doing flips, etc. - there's a lot that goes into it. Prior to covid, there were buyers markets across cities/suburbs in the midwest as well as Florida. Sellers markets in most other parts. Since Covid, rural and suburb prices have gone up across the country. Some softness with downtown condos in certain cities.
Point being, there's more to it then just pointing your finger at the nearest For Sale sign, buying that one, and making money over time. In the long run, sure, but there are many real estate investors that choose to operate within 5 year spans (or even within 6 months) of execution with a goal in mind
I did the math just now on my real estate investment bought in 2013. If I sold today I'd have 250k profit.
If I would have taken that money and put it in the stock market (SPY) I'd have 200k profit. Both the stock market and real estate were both beaten down in 2013, I'm no expert but real estate probably had better upside.
This isn't considering capital gains on the stock which make real estate clearly the winner. Both markets are pretty frothy right now but IMO the stock market looks stupider than real estate now. Historically they're pretty close together. Not so much due to one investment being better than the other, but based on the sheer power of how much the Fed devalues the dollar through inflation over decades. You have to get your money out of cash. But try to have a bit of cash ready for crashes.
you could have already been a millionaire right now if you put that 250k into crypto.
there will be more threads on the topic come spring/summer. simply put, there are too many people with less savings, income, and jobs than previously. bankruptcies are beginning now, and evictions/foreclosures begin in january. allowing for delays and whatnot, march should get the ball rolling for cheapies and county tax auctions
I am a millionaire. Several times over. Really. No larp. I have never put 250k into crypto. Never. 50k at the most. And it went extremely well. And I did not only listen to Zig Forums ... I guided Zig Forums a long time before my unfortunate absence. Due to legal problems. Bow to me, and you shall be rewarded.
Lol true. I have essentially all my liquid worth in Bitcoin now though, so no worries.
Don't listen to Zig Forums is a fucking meme. You just need to figure out what to listen to.
Your investment is high risk, mid to high reward. Aka gambling. I bought a condo in 2012 for 150.000, it's worth now 320.000. Now tell me you made comparable money with shitcoin chasing. Nothing wrong with gambling, but you see, it's not sth to perform volume style investment with. Only larpers in here claim to put 100k in xyz coin.
Real Estate is a slow moving boomer bubble at its very peak rn.
This generation spends more time in the digital world than the physical. No one here is interested in buying boomer bags, you can listen to 'old wisdom' and ride their old cocks OP but you will never replicate their luck with Real Estate
Companies are moving to a home working model, many business downgrading office space, flexible working will increase prices in countryside, but city real estate gonna crash big.
real estate is literally the easiest asset class to go full retard on
>buy property without too much leverage (20-30% down)
>rehab if necessary
>find renters
>hold forever
Where you get in trouble is trying to speculate on flipping. Just build a portfolio and hold long term, pay the shit off with other peoples money, then keep holding even longer.
WOW DUDE it only took you eight years for your property to double that's so sick!
what all did you pay in taxes and maintenance over those eight years?
>rehab if necessary
buying real estate makes you dependent on drugs?
checked but go fuck yourself for the vagueness in this post.
Real estate is low IQ.
Just fucking myself now... no time to explain... give me a few fucking minutes
alright. I'll allow it, user.
I will take this permission to cut later, ok? If the judge asks why we did it, I will say, I had user's permission. Should be suffice
wtf am I agreeing to here? I thought you were gonna brush your teeth and tell us how you became a millionaire "many times over". I might have to write you a citation, m8
A, I see. I misunderstood you. I inherited, and did silly things to make sure my investments with that inherited money would go well. I thought I was smarter than the law. Maybe I am. We'll see
And here is the real danger to them. To the system. People who know and dare abuse it. Welcome.