Here I break down the numbers on how much I make on my first rental property! Finally doing YouTube shorts btw ๐ Let me know …
source
Here I break down the numbers on how much I make on my first rental property! Finally doing YouTube shorts btw ๐ Let me know …
source
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35 comments
Yeah, most Americans citizens have $100k in the bank ๐
$50 a momth home owners insurance is bullshit
When I come across a property, whatโs the easiest way to figure out if itโs actually a good investment?
How many poeple can afford 2000 a mo.rent could by there own prop. Recipe for bankruptcy.
I Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024
Who cares?!
674$profit a month……….l make that in a day of overtime……..A DAY!!! ๐คท๐พโโ๏ธ no headaches…… that's what's up though, congrats (thank you God ๐๐ฝ)
Great!
You could just invest 60k into an index fund or roth ira and pull out after 10 years with similar roi instead of dealing with land lord problems
Should repairs be 10% of total rents? Not whatever is left over after PITI ?
What about maintenance, vacancies, and repairs?
How to buy your own property with out. A realtor
So instead of being at recess I shouldโve been saving for a house in 2012๐
Why it take 12 years to make 300k on a house tho? I feel like flipping houses would be more profitable
You are so pretty id have you climbing up the walls๐คฃ๐คฃ๐คฃ๐คฃ
Wow ๐ฑ
Thatโs an insane valuation. You have no business on YouTube. I can outperform you any day of the week. You would be better off putting that money in the stock market. At least youโll have $189k.
Think about how much you would have made if you bought 100k in apple stock in 2012
Sp after 8 years you still haven't made your money back that you put down..not the best
I Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024
Paper maths isn't life maths; but all the best to you
I make 5k profit a month with one property. Gotta have a niche.
Before tax…
There is no way the mortgage on this is $870 ๐
Mortgage is $870 and she's charging $2,000 for rent. This should be illegal.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
In 2012 you could close your eyes and throw a dart at a map and find a good deal. This doesn't really help us because it has nothing to do with the real estate market today.
Buying a ๐ก8 years ago would have been ๐๐พโ 1. Lower home prices 2. Lower interest rates 3. Equity growth over time 4. Affordability 5. Hedge against inflation
I hope your house is not in Los Angeles City or County. They'll control your monthly rent and the renter doesn't have to pay rent, can't evict them either! O personality know someone lost both his rental and primary house during Covid. He depend on the rental for his house mortgage. You'll be happy and own nothing. In his case its TRUE !!
I often wonder how top level investors are able to become millionaires by investing. Just made a home sale and Iโve been sitting on about $545K equity, not sure where to go from here. Is it a good time to buy into stocks or do I stay 100% cash?
U tryna tell me even Shang Tseung from Mortal Kombat is buying rentals now???? SHHHHT๐ I need to get my rentals up Immediately!
Cash out and leave the USA ๐๐
In 2012 the mortgage rate was 3.65 percent. the average rate was about 11% return. try to find a buyer that can afford that house today – 500k at 7 % today is 3029 per month for principal and interest with 50k down the person buying that house has to make 11000 a month to qualify or 131000 and have 50k to put down. if you boutght this to rent you would put down 50 k, and you would have to charge 3800 per month to cover the taxes and P and I – how many people can afford 3700 a mont in rent?
I rent a mobile home I bought for $20k and it cash flows $1000 a month. That includes taking out for $800 a month park lot rent.
You need to purchase rental in The Bahamas ๐ง๐ธ. It's better in my country. ๐๐พ