it isn't an argument you stated you can't buy a house ,so if there were no rent houses where would you live?
May need a place to stay; Landlord threatening eviction for asking for repairs
- Thread starter joegrizzy
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no that's not true. that's a poor understanding.
if people weren't buying houses solely to rent them, i would live in one of those. probably one of so and so's 15.
i mean bruh i know multi millionaires who don't own 15 houses what are you doing man?
On OSA griping and whining about a problem they don’t want to solve quietly on their own, wanting attention, sympathy or what ever makes’em feel warm and fuzzy.
Well, at least somebody is taking responsibility for something...
Joe,
why don't you buy some houses ?
Not that hard, just takes dedication. and a strong work ethic.
1996 I bought my first house for $7k a dump but sound structurally.
I was working part time, had sold the remnants of my surplus store and
had 7k in the bank. So I paid cash.
I worked nights and weekends on that house and took on remodel jobs to
have money to fix up the place.
After 6 months it was beautiful and I rented it out for 450 a month.
The owner of a local mortgage company down the street had been watching me work on it and stopped by and said if I ever wanted to finance it to buy another house he would lend on it.
I borrowed 18k against it and went down the road and bought a HUD house for 13K and spent the 5k fixing it.
then I borrowed the 18k against it and bought another, then another and another renting each out at 450 a month. then as the cash flow began to mount, I moved on to bigger and better houses.
Now 25 years later I have a dozen nice houses I rent out at very fair prices. I'm not greedy and want the renters to stay a long time.
My average renter has been with me 10 years.
I sold that first house last January after the copper thieves ransacked it, to a neighbor to be torn down for a strip shopping center.
I'm now 65 and retired. the $4k a month I clear after taxes, repairs, and insurance helps with the 500 a month social security I get.
I have given insight to several of my renters and friends over the years, which has helped them to buy their own house or to buy rentals.
It also builds generational wealth because I am leaving them to my kids and have taught them how to manage and take care of them.
why don't you buy some houses ?
Not that hard, just takes dedication. and a strong work ethic.
1996 I bought my first house for $7k a dump but sound structurally.
I was working part time, had sold the remnants of my surplus store and
had 7k in the bank. So I paid cash.
I worked nights and weekends on that house and took on remodel jobs to
have money to fix up the place.
After 6 months it was beautiful and I rented it out for 450 a month.
The owner of a local mortgage company down the street had been watching me work on it and stopped by and said if I ever wanted to finance it to buy another house he would lend on it.
I borrowed 18k against it and went down the road and bought a HUD house for 13K and spent the 5k fixing it.
then I borrowed the 18k against it and bought another, then another and another renting each out at 450 a month. then as the cash flow began to mount, I moved on to bigger and better houses.
Now 25 years later I have a dozen nice houses I rent out at very fair prices. I'm not greedy and want the renters to stay a long time.
My average renter has been with me 10 years.
I sold that first house last January after the copper thieves ransacked it, to a neighbor to be torn down for a strip shopping center.
I'm now 65 and retired. the $4k a month I clear after taxes, repairs, and insurance helps with the 500 a month social security I get.
I have given insight to several of my renters and friends over the years, which has helped them to buy their own house or to buy rentals.
It also builds generational wealth because I am leaving them to my kids and have taught them how to manage and take care of them.
And that folks is how its done.
I applaud you.
Looking back at my life, I do wish I had the insight, foresight and knowledge that you are passing down.
You can always lodge at my place. Lots of people have transitioned through here lately. This place is like an airport. lol
yes i know how it works lol
i'm saying it's wrong of you. i guess that's the part you miss. taking advantage of the fact YOU COULD BUY A HOUSE FOR $7K IN THE 90'S and the fact THAT PEOPLE IN 2022 MUST HAVE A PLACE TO LIVE is not a business model, nor is it an economy, nor is it a way to build a nation.
the greatest generation didn't do this to you. why do you do it to the next generation?
the idea it builds generational wealth is hilarious.
the fire economy was a deathknell for america and you guys dove in head first without question.
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