Real estate investment wins longterm for men

[Dr.GeoParticipant 6]

As you guys can see the economy is booming, houses are flying for people that can afford them even though you all know they will lose them. prepare for the one thing that is certain, whatever goes up must come down. these houses going for 200k+ will become affordable from my experience from the last bust. whatever you do save save save and get yourself one or two if you can with as many rooms as possible.

IT doesn’t take much. save for down payment(3.5-20%) + 5k for closing costs which sounds like a lot but if you don’t do drugs/smoke, drink and are a not chasing hoes this can be done specially if you’re in a career where experience counts so you’re not left in the gutter during a recession because you will need a stable job. If you learn to live within your means aren’t a big spendor, live with roommates or f~~~ it, live with your parents and forget what people say if you’re a momma’s boy, save save save.

because once you have a 3-4 bedroom home, the house can pay for itself, think about it, if you buy at average price during a recession if you live in the master bedroom and rent out the other 2 or 3, it can pay for itself and maybe some extra cash. that’s living for free, extra money you can reinvest in more real estate or other things, it could even be retirement passive income once its paid off or you accumulate enough. as long as you compensate for maintenance and can live with other people this is a no brainer. rent will always only go up while a fixed mortgage payment will more than likely stay the same while everything else inflates, and you can sell once it accumulates equity in another boom or is paid off. don’t rent when you can own a house with a yard,garage,no sharing walls. just don’t rent to hoes.

[Anonymous 38]

Buy where professionals would want to live.
Rent out to young professionals.
Furnish basic but comfortable. Think IKEA.
Have at least 25% of your worth in property.
Just my 2 cents.

[JB BooksParticipant 3182]

If you want to rent, getting a 4 to 6 unit apartment building, in my opinion, is a lot better than having roommates in your own home. I have a condo and I’m very, very happy with it. Also, don’t underestimate what the cost is to acquire and maintain property.

We just don't realize life's most significant events while they're happening. Back then, I thought, "Well, there'll be other days". I didn't realize that that was the only day. - "Moonlight" Graham

[The Black ScorpionParticipant 2146]

No body is going to be ‘rooming’ in my house.

My privacy, piece of mind and freedom are more important than money.

The greatest tragedy in life is to spend your whole life fishing only to discover that it was not fish you were after. - Henry David Thoreau

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