Is being a Landlord the new easy-wealth meme?

t. Parasite

My mom owns a flat and all she does is sit on her fat parasite ass

The hard part is qualifying for the loans. You can do move and rent. Where you buy a house with a home owners loan, live in it for the required time, then move and rent the property. That way your not having to use commercial real estate loans. Without that you're looking at putting down like 30% on each loan. And if you can barely qualify for a home loan on your salary like most people, getting a second loan going to be difficult. You can count rental income, but that might not be enough to qualify you for a second loan. Most of the people you see on youtube started with some money or have outside investors.
But i'm not saying don't try, property ownership is one of the oldest wealth generators in existence.

The commies view landlords as kulaks.

I assume she inherited it from your grandparents, and she didn't actually have to pay for the property which would provide a good enough income for herself.

>full time job
lmao taking care of maintenance every once in a while isn't "full time" anything

elaborate more pls, does she actually do nothing besides collect a check? sounds comfy.

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reminder, they're keeping the deposit

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rental yield averages about 6% annual return, stock market averages about 8% annual return. stock market is more volatile and requires a different kind of expertise but on average it is less work greater reward.
property investment is easier in a sense though because it is much easier to get credit at lower rates, so if one knows what one is doing, one can enter into the business with less capital.
property management is a task though, you are responsible for the upkeep of the property and you are very much at the mercy of tenants. but yeah, if you have a little bit of money or a reliable income, you can easily get into property management with a mortgage from the bank, but don't be surprised if you make less money than a retard who just puts 10% of his wages into a 401k.

Exactly, you are the one who has to deal with those poor people shitting on the walls and not paying you.
Not worth the trouble unless you can find someone good to do shit for you - but then you're making less.

t. seething landlord that doesnt want competition

The power of real estate though is leverage. Let's say you have 10k. So you put that in the stock market, you make $800 a year. the average value increase of property is 4%. You use your 10k as a down payment and buy a 100k house. You're yearly return is $4,000.

The profit of landlord floats on supply of landlords offering ( asking ) and the supply of renters bidding.

So asking if the spread is worth the labor, is stupidity. The invisible hand makes it perfectly priced to make it neither more nor less beneficial to be a landlord or tenant. If one becomes better. It is so immediately.

But yes. Landlording is a business that generates money. Like your job is. Work is required. And the pay is decent if you aren't an idiot.

Random retards claiming to make big money on some easy scheme should tell you the bubble is about to pop

youtubers explaining how they got rich from real estate/the stock market when in reality they are rich from being youtubers explaining how they got rich

>new easy wealth

Landlording is slightly younger than prostitution.
It's unironically over 4k years old.

no but nice try

That's what they are

Take photos once you've cleaned

In the video he did with Kevin O'Leary it's confirmed that the vast majority of Graham's income is from youtube and not real estate which is kind of ironic. But that's all these self-help finance type people.

>is being a leech easy
yes. What's the point of this thread?

>be coronavirus
>renters dont pay rent for months on end
>banks still want mortgage payments
No, its a shit time to be a landlord right now.

Zig Forums is too low IQ to get these kinds of memes.

My father has about 24 rental properties that do pretty well. He’s retired so does it all himself and he started with nothing. He’s been smart enough to price out most (but not all) problematic rentoids over the years. He did a lot of 1031 exchanges to pickup 2 houses at auction after selling 1 and has most of them paid off so he isn’t over leveraged. Can say he’s a genuinely nice landlord from what I’ve seen, most of his tenants are mid to late 20s with 1 or 2 kids saving for their first home

dear 4chins landlords, i am the type of renter who never calls and bitches about repairs ill just do them myself

how based

>being a landlord
>new
By new do you mean new to your YouTube feed?

my grandpa had a 6h grade education and died being worth 4 million dollars due to house flipping and renting. he just did his own handyman work. simple as.

or the property goes down in value and suddenly you have negative equity. and the renters lose their jobs and move back to their mom's house and you have no income. and you have to declare bankruptcy and live in the ghetto or your own mom's house for ten years.
ya i understand they give morons easy credit for housing but the "power" of leverage has risks, and most of the idiots that get drawn to the property market are the kind of people that get overleveraged and lose everything in a recession which they never see coming.
property market is a good investment for simple people without financial sophistication, maybe the best, but it is not free money for nothing and there are risks involved in taking credit and quite honestly if i were a banker i would not loan a cent to anyone on Zig Forums for any reason ever.

I've done that before and the judge didn't give a single fuck. It was too early for bullshit and he flipped a fucking coin to decide who'd get fucked over.

It depends on the tenants you have. I've had some really awful tenants when I first built my residential complex but after 5 years I realized what to do and what not to do. Currently all of my units are occupied by families with a stable income. I even added security on the premises just to make it look more professional and safe for the tenants.

and by the way niggers who destroy houses are societal dregs. houses can trade hands over hundreds of years and build many different peoples fortunes. they are kinda like community property really in most cases because ownership will transfer so many times in the houses existence. people should care more about not fucking them up.

Homes should never be for rent. They should always be for sale, and only to americans born on american soil. Foreign nationals should never be allowed to buy homes unless they renounce the citizenship of their home country. Even then, that should be strictly regulated to as few as possible.

Oy vey don't spend your shekkels on securing goy!

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