is 25k$US cash enough to start investing in real estate?

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  • buddyjuf
    • Aug 2026
    #1

    is 25k$US cash enough to start investing in real estate?

    hey guys, here I am thinking about investing my money in something good, and it appears as if real estate is the way to go

    for sure I wont jump in with my eyes closed: I will be reading alot about this subject and speaking with my cousins grandfather who manages millions of dollars in buildings himself

    but for all you Real Estate players out there, is 25k$ a good enough start (down payment) for real estate?

    thanx in advance for your opinion
    Tags: None
    • juicylinks
      So Fucking Banned
      • Apr 2001
      • 122992
      #2
      bdjoooooooooooooooooooooooooooooooof

        Comment

        • buddyjuf
          #3
          Originally posted by juicylinks
          bdjoooooooooooooooooooooooooooooooof

            Comment

            • WarChild
              Let slip the dogs of war.
              • Jan 2003
              • 17263
              #4
              I am by no means an expert, however I think that is enough.

              Drinking Hard might have some good advice for you. He's got a keen eye for this sort of stuff.
              .

                Comment

                • the Shemp
                  congrats to the winners
                  • Nov 2001
                  • 10891
                  #5
                  you need to hook up with Cartlton Sheets
                  http://www.carltonsheets.com
                  i use Vacares...so should you
                  Submit your picture galleries to my site...Outlaw TGP

                    Comment

                    • KRL
                      Entrepreneur
                      • Oct 2002
                      • 31429
                      #6
                      I'm putting up a big real estate site next.

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                        Comment

                        • zzgundamnzz
                          Confirmed User
                          • Apr 2002
                          • 6102
                          #7
                          You should have atleast 50 grand if your going to invest in Real Estate. Also watch the market. What you buy now might be way cheaper in the future... or if your lucky what you buy now will be worth alot in a few months.

                          If I had the money I would invest in 4 bedroom family homes in the LA County area

                          Prices are fluctuating alot...

                          Anyway when you do buy Real Estate watch out for taxes. They will take a huge chunk of the money you make if you don't invest it in something else in a set amount of time.
                          Last edited by zzgundamnzz; 05-14-2004, 03:57 PM.


                            Comment

                            • baddog
                              So Fucking Banned
                              • Apr 2001
                              • 107089
                              #8
                              Originally posted by bdjuf
                              hey guys, here I am thinking about investing my money in something good, and it appears as if real estate is the way to go

                              for sure I wont jump in with my eyes closed: I will be reading alot about this subject and speaking with my cousins grandfather who manages millions of dollars in buildings himself

                              but for all you Real Estate players out there, is 25k$ a good enough start (down payment) for real estate?

                              thanx in advance for your opinion
                              Depends what state you buy in. $25k won't get you far in Calif.

                                Comment

                                • doober
                                  Confirmed User
                                  • Jul 2003
                                  • 6984
                                  #9
                                  Originally posted by the Shemp
                                  you need to hook up with Cartlton Sheets
                                  http://www.carltonsheets.com
                                  USA info only no?

                                  i ordered this once but by the time i got it they wanted to collect taxes on the FULL retail value lol

                                    Comment

                                    • Rictor
                                      Old Timer
                                      • Jan 2001
                                      • 12208
                                      #10
                                      Yah, you can get the rest from the bank. You just need good credit and a decent income to get some loans. You purchase properties and rent them for more than your monthly payments, then pocket the difference.

                                      If your payment is $600 a month, you can probably get $1,000 a month in rent.

                                        Comment

                                        • buddyjuf
                                          #11
                                          Originally posted by Rictor
                                          Yah, you can get the rest from the bank. You just need good credit and a decent income to get some loans. You purchase properties and rent them for more than your monthly payments, then pocket the difference.

                                          If your payment is $600 a month, you can probably get $1,000 a month in rent.
                                          pocket the difference, therefore create an asset
                                          and after a few years sell/trade the building?

                                          so a) you make money off the rent and b) you make hardcore cash when you sell it?

                                          am I getting this thing right?

                                            Comment

                                            • teenoffice
                                              Confirmed User
                                              • Oct 2003
                                              • 415
                                              #12
                                              buy a few holiday appartments in Spain, then set them up for rent.
                                              Nothing here.

                                                Comment

                                                • Nubiles
                                                  Confirmed User
                                                  • Apr 2002
                                                  • 1496
                                                  #13
                                                  I like to buy 4 plex apartment buildingds. In the 80s they built a lot of them before the savings and loans crash. Its a good investment and even if the rental market is oversatured with the 200+unit complexes the little 4 plexes have a smaller niche, cheaper rent but not slums tenants. They usually have these around college towns. I put at least 20 percent down.
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                                                    Comment

                                                    • WarChild
                                                      Let slip the dogs of war.
                                                      • Jan 2003
                                                      • 17263
                                                      #14
                                                      Originally posted by bdjuf
                                                      pocket the difference, therefore create an asset
                                                      and after a few years sell/trade the building?

                                                      so a) you make money off the rent and b) you make hardcore cash when you sell it?

                                                      am I getting this thing right?
                                                      Save the difference towards your next downpayment.

                                                      As soon as you can, buy another property. Wash rinse repeat.

                                                      Remember to keep a contingancy fund .. Appliances, repairs etc are your responsibility.

                                                      If you work hard at it, you'll end up with many properties, all making more than they cost.
                                                      .

                                                        Comment

                                                        • SlickRick
                                                          Confirmed User
                                                          • Jan 2003
                                                          • 2849
                                                          #15
                                                          Look for repos

                                                            Comment

                                                            • Tuna
                                                              Confirmed User
                                                              • May 2002
                                                              • 1307
                                                              #16
                                                              25k is a good start . real estate is a great investment.


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                                                                • Jer
                                                                  God is Brazilian
                                                                  • Feb 2001
                                                                  • 10601
                                                                  #17
                                                                  In Brazil the mortgage interest rate is 12%+

                                                                    Comment

                                                                    • teenoffice
                                                                      Confirmed User
                                                                      • Oct 2003
                                                                      • 415
                                                                      #18
                                                                      what about investing your money in a new resort on the Bahama's or some other island ? anybody got some experience in such things ?
                                                                      Nothing here.

                                                                        Comment

                                                                        • buddyjuf
                                                                          #19
                                                                          Originally posted by teenoffice
                                                                          what about investing your money in a new resort on the Bahama's or some other island ? anybody got some experience in such things ?
                                                                          Im open for anything that will let me retire sooner

                                                                            Comment

                                                                            • goBigtime
                                                                              Confirmed User
                                                                              • Nov 2002
                                                                              • 7761
                                                                              #20
                                                                              I don't know anything about real estate... so take this with a grain of salt.. BUT....


                                                                              After several years of rock bottom interest rates, the FRB just got considerable amounts of people to refinance and take out new mortages & then right before the interest rates started going up, Greenspan starts pushing ARM's - no shame in their game I guess.

                                                                              Depending on your level of paranoia and belief in conspiracies, you might wait till next year (after elections) to get into a market as inflated (imo) as real estate.


                                                                              But again.. I don't know *anything* about RE. And I doubt anyone currently investing in RE is going to subscribe to the RE bubble theory.

                                                                                Comment

                                                                                • the Shemp
                                                                                  congrats to the winners
                                                                                  • Nov 2001
                                                                                  • 10891
                                                                                  #21
                                                                                  Originally posted by doober
                                                                                  USA info only no?

                                                                                  i ordered this once but by the time i got it they wanted to collect taxes on the FULL retail value lol
                                                                                  i think the info from Carleton sheets would work in Canada and the USA. you must be talking sbout the customs duties that are collected if the program is shipped out of the USA? that would be
                                                                                  the government, not Carlton...
                                                                                  i use Vacares...so should you
                                                                                  Submit your picture galleries to my site...Outlaw TGP

                                                                                    Comment

                                                                                    • candyflip
                                                                                      Carpe Visio
                                                                                      • Jul 2002
                                                                                      • 43073
                                                                                      #22
                                                                                      I bought 3 houses with $5k to get started. Yeah...I'm a slumlord, but the money is still green.

                                                                                      Spend you some brain.
                                                                                      Email Me

                                                                                        Comment

                                                                                        • buddyjuf
                                                                                          #23
                                                                                          Originally posted by candyflip
                                                                                          I bought 3 houses with $5k to get started. Yeah...I'm a slumlord, but the money is still green.
                                                                                          how much profit you making a month? if you dont mind me asking?

                                                                                            Comment

                                                                                            • strats
                                                                                              Too lazy to set a custom title
                                                                                              • Feb 2004
                                                                                              • 1805
                                                                                              #24
                                                                                              I've got something that can pull 76,000 a year before taxes but requires 150,000 startup which I dont have. sux :p

                                                                                                Comment

                                                                                                • buddyjuf
                                                                                                  #25
                                                                                                  Originally posted by strats
                                                                                                  I've got something that can pull 76,000 a year before taxes but requires 150,000 startup which I dont have. sux :p
                                                                                                  wow that's good shit, why not go in with a few people?

                                                                                                    Comment

                                                                                                    • ace0r
                                                                                                      Confirmed User
                                                                                                      • Feb 2001
                                                                                                      • 1410
                                                                                                      #26
                                                                                                      Originally posted by bdjuf
                                                                                                      pocket the difference, therefore create an asset
                                                                                                      and after a few years sell/trade the building?

                                                                                                      so a) you make money off the rent and b) you make hardcore cash when you sell it?

                                                                                                      am I getting this thing right?
                                                                                                      No, you hold on to the properties, build equity, then jump into preforeclosures or foreclosures. Borrow against the equity you have built up since the preforeclosures and foreclosures are cash deals only.

                                                                                                        Comment

                                                                                                        • candyflip
                                                                                                          Carpe Visio
                                                                                                          • Jul 2002
                                                                                                          • 43073
                                                                                                          #27
                                                                                                          Originally posted by bdjuf
                                                                                                          how much profit you making a month? if you dont mind me asking?
                                                                                                          I've got 5 properties at the moment. 4 single family and one double family.

                                                                                                          The singles bring in $600-700 for the entire house. And the double I get $500 per unit. I work with the Department of Social Services and they place welfare moms/families and the rent checks come from the state each month. I don't have to worry about collecting rent from deadbeats. NYS has me covered.

                                                                                                          I paid $5k for the double unit. That is my most expensive unit to date. I got a $20k grant from the state to put into this one. The others cost no more than 3 months rent, so at this point...it's all profit. My cousin runs a management company, and he's the one that turned me on to this. I give him 10% to keep on eye on things. I just collect and cash the checks.

                                                                                                          These houses are in the ABSOLUTE worth section of our city. My cousin has to collect rent for some of his properties and has to huge black guys that go with him to knock on doors. I don't venture down there unless I'm looking at a potential buy.

                                                                                                          Spend you some brain.
                                                                                                          Email Me

                                                                                                            Comment

                                                                                                            • sweet7
                                                                                                              Confirmed User
                                                                                                              • May 2003
                                                                                                              • 1792
                                                                                                              #28
                                                                                                              Originally posted by strats
                                                                                                              I've got something that can pull 76,000 a year before taxes but requires 150,000 startup which I dont have. sux :p
                                                                                                              150k down?
                                                                                                              ICQ: 282814268

                                                                                                                Comment

                                                                                                                • sweet7
                                                                                                                  Confirmed User
                                                                                                                  • May 2003
                                                                                                                  • 1792
                                                                                                                  #29
                                                                                                                  Candyflip how did you get started ?
                                                                                                                  ICQ: 282814268

                                                                                                                    Comment

                                                                                                                    • ace0r
                                                                                                                      Confirmed User
                                                                                                                      • Feb 2001
                                                                                                                      • 1410
                                                                                                                      #30
                                                                                                                      Originally posted by candyflip
                                                                                                                      work with the Department of Social Services and they place welfare moms/families and the rent checks come from the state each month. I don't have to worry about collecting rent from deadbeats. NYS has me covered.
                                                                                                                      only downfall is that you have deadbeats living in your properties. I started off leaning towards the section 8/assisted housing, etc. lowlives as well, until i realized how much they fuck up your properties.

                                                                                                                      Would you respect the place you're renting more if you were paying for it out of your own pockets, or if the government was giving you a handout? heh

                                                                                                                        Comment

                                                                                                                        • candyflip
                                                                                                                          Carpe Visio
                                                                                                                          • Jul 2002
                                                                                                                          • 43073
                                                                                                                          #31
                                                                                                                          Originally posted by ace0r
                                                                                                                          only downfall is that you have deadbeats living in your properties. I started off leaning towards the section 8/assisted housing, etc. lowlives as well, until i realized how much they fuck up your properties.

                                                                                                                          Would you respect the place more if you were paying for it out of your own pockets, or if the government was giving you a handout? heh
                                                                                                                          I could care less if they're deadbeats, the rent money comes from the state.

                                                                                                                          As for them fucking up the property, that is the cost of doing business. And it doesn't matter if people are poor. Most people who rent could give two shits about the property.

                                                                                                                          Spend you some brain.
                                                                                                                          Email Me

                                                                                                                            Comment

                                                                                                                            • candyflip
                                                                                                                              Carpe Visio
                                                                                                                              • Jul 2002
                                                                                                                              • 43073
                                                                                                                              #32
                                                                                                                              Originally posted by sweet7
                                                                                                                              Candyflip how did you get started ?
                                                                                                                              By chance I guess.

                                                                                                                              My cousin has been doing it for a few years now. His wife works for the bank that we deal with. Her boss is the one who feeds us the leads and handles the deals. He asked me if I had any cash to spend and I was in.

                                                                                                                              Spend you some brain.
                                                                                                                              Email Me

                                                                                                                                Comment

                                                                                                                                • Jon
                                                                                                                                  Confirmed User
                                                                                                                                  • Jun 2002
                                                                                                                                  • 2578
                                                                                                                                  #33
                                                                                                                                  Originally posted by the Shemp
                                                                                                                                  you need to hook up with Cartlton Sheets
                                                                                                                                  http://www.carltonsheets.com
                                                                                                                                  Before you invest with that loser, read up on him and his tactics. A friend of mine showed me a site once about real estate people bashing the shit out of him for preaching tactics that were only good in the 70's & 80's, and then another few sites of how pissed off customers were when he double and triple charged them. All this from talking about an informercial I saw at 2am..
                                                                                                                                  WickedFire.com - Stay here. We don't need more of you. Not unless you have money, then, fine...

                                                                                                                                    Comment

                                                                                                                                    • Oracle Porn
                                                                                                                                      Affiliate
                                                                                                                                      • Oct 2002
                                                                                                                                      • 24433
                                                                                                                                      #34
                                                                                                                                      Originally posted by strats
                                                                                                                                      I've got something that can pull 76,000 a year before taxes but requires 150,000 startup which I dont have. sux :p
                                                                                                                                      %50 ROI a year from real estate? that sucks.

                                                                                                                                      25k is a good amount if you can get %90 financing and 25k will be the other %10...so if you an get $225k financing on a house, you buy it, you rent it for example for $2,000 /month..
                                                                                                                                      you pay the $2,000/month for the mortage...
                                                                                                                                      after about 5 - 10 years, even if you are not done with the mortgage you sell it...
                                                                                                                                      you will probebly get more than $25k return in a year, which is more than %100 ROI.


                                                                                                                                        Comment

                                                                                                                                        • Jedimaster
                                                                                                                                          Registered User
                                                                                                                                          • Dec 2003
                                                                                                                                          • 2120
                                                                                                                                          #35
                                                                                                                                          25k is 2 1/2 years worth of property tax for me

                                                                                                                                            Comment

                                                                                                                                            • BigG
                                                                                                                                              So Fucking Banned
                                                                                                                                              • Apr 2004
                                                                                                                                              • 931
                                                                                                                                              #36
                                                                                                                                              Somebody told me that Cartlton Sheets actually got his start selling himself on the street corners. I'm not sure if I believe it becuase he isn't really all that good looking. I hope that isn't step one of the "Carlton Sheets Method" . . . find a street corner and sell your ass?!?!?

                                                                                                                                                Comment

                                                                                                                                                • Jon
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Jun 2002
                                                                                                                                                  • 2578
                                                                                                                                                  #37
                                                                                                                                                  My father was smart when he got into real estate development. We live in NYC and sure, everyone thinks Trump is the only big boy, but you'd be surprised to know he is not, in spite of what he may say or think. My dad co-created an entire neighborhood in Brooklyn, NY known as DUMBO. That by far was one of the greatest real estate accomplishments in a long time.

                                                                                                                                                  He teamed up with some real estate dev guys, they went on a purchasing spree of old warehouse type buildings that were sitting on the waterfront of Brooklyn, sorta near the old Brooklyn Navy Yard, neighboring goverment apartment projects. They purchased the old warehouses and buildings from the city for over 10 square blocks. They gutted them out, and turned them into condos. The kicker is the fact that these buildings have an entire view of the Manhattan skyline (or what's left of it), and both the Brooklyn Bridge and Manhattan Bridge. The view is seriously awesome. The condos are priced at Upper East Side prices, and the community went from shitty to upper class wealthy in under 10 years.

                                                                                                                                                  Their next project is rebuilding an area in Brooklyn called Court Street, and parts of old Wall Street in the city.

                                                                                                                                                  Kudos to my dad for that.. It was probably one of the smartest investments ever.

                                                                                                                                                  WickedFire.com - Stay here. We don't need more of you. Not unless you have money, then, fine...

                                                                                                                                                    Comment

                                                                                                                                                    • Jon
                                                                                                                                                      Confirmed User
                                                                                                                                                      • Jun 2002
                                                                                                                                                      • 2578
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by BigG
                                                                                                                                                      Somebody told me that Cartlton Sheets actually got his start selling himself on the street corners. I'm not sure if I believe it becuase he isn't really all that good looking. I hope that isn't step one of the "Carlton Sheets Method" . . . find a street corner and sell your ass?!?!?
                                                                                                                                                      He's also got that annoying lisp. You'd think with the millions he's made duping people he would get that shit fixed..
                                                                                                                                                      WickedFire.com - Stay here. We don't need more of you. Not unless you have money, then, fine...

                                                                                                                                                        Comment

                                                                                                                                                        • buddyjuf
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by NiteChatDotTV
                                                                                                                                                          My father was smart when he got into real estate development. We live in NYC and sure, everyone thinks Trump is the only big boy, but you'd be surprised to know he is not, in spite of what he may say or think. My dad co-created an entire neighborhood in Brooklyn, NY known as DUMBO. That by far was one of the greatest real estate accomplishments in a long time.

                                                                                                                                                          He teamed up with some real estate dev guys, they went on a purchasing spree of old warehouse type buildings that were sitting on the waterfront of Brooklyn, sorta near the old Brooklyn Navy Yard, neighboring goverment apartment projects. They purchased the old warehouses and buildings from the city for over 10 square blocks. They gutted them out, and turned them into condos. The kicker is the fact that these buildings have an entire view of the Manhattan skyline (or what's left of it), and both the Brooklyn Bridge and Manhattan Bridge. The view is seriously awesome. The condos are priced at Upper East Side prices, and the community went from shitty to upper class wealthy in under 10 years.

                                                                                                                                                          Their next project is rebuilding an area in Brooklyn called Court Street, and parts of old Wall Street in the city.

                                                                                                                                                          Kudos to my dad for that.. It was probably one of the smartest investments ever.
                                                                                                                                                          wow!

                                                                                                                                                          please forgive me for asking then, but why are you in porn? I'm pretty sure it's not for the money ;)

                                                                                                                                                            Comment

                                                                                                                                                            • FlyingIguana
                                                                                                                                                              aspiring banker
                                                                                                                                                              • Mar 2002
                                                                                                                                                              • 10870
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by bdjuf
                                                                                                                                                              hey guys, here I am thinking about investing my money in something good, and it appears as if real estate is the way to go

                                                                                                                                                              for sure I wont jump in with my eyes closed: I will be reading alot about this subject and speaking with my cousins grandfather who manages millions of dollars in buildings himself

                                                                                                                                                              but for all you Real Estate players out there, is 25k$ a good enough start (down payment) for real estate?

                                                                                                                                                              thanx in advance for your opinion
                                                                                                                                                              should be. but you have to do your research because you'll have all your eggs in one basket, or house i should say.

                                                                                                                                                                Comment

                                                                                                                                                                • Jon
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Jun 2002
                                                                                                                                                                  • 2578
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by bdjuf
                                                                                                                                                                  wow!

                                                                                                                                                                  please forgive me for asking then, but why are you in porn? I'm pretty sure it's not for the money ;)
                                                                                                                                                                  It's hard to work with my father. I like order, he likes anarchy. Porn just happened to be my FIRST job when I was younger, so I stuck with the technology part, and it's fun too.
                                                                                                                                                                  WickedFire.com - Stay here. We don't need more of you. Not unless you have money, then, fine...

                                                                                                                                                                    Comment

                                                                                                                                                                    • beemk
                                                                                                                                                                      CLICK HERE
                                                                                                                                                                      • Jan 2002
                                                                                                                                                                      • 20829
                                                                                                                                                                      #42
                                                                                                                                                                      depends on the market where you are at. you can buy a few houses around here for that much as your down payment. but if you go somewhere like california or hawiia you probably cant. just make sure you do your research.
                                                                                                                                                                      I host with Vacares

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                                                                                                                                                                        • Sami
                                                                                                                                                                          Confirmed User
                                                                                                                                                                          • Mar 2004
                                                                                                                                                                          • 2047
                                                                                                                                                                          #43
                                                                                                                                                                          Let me tell you guys something.


                                                                                                                                                                          Its not just the monthly mortgage you need to count. these are the costs of renting an apartment for example out to a tenant.

                                                                                                                                                                          1) monthly mortgage
                                                                                                                                                                          2) maintenance fee
                                                                                                                                                                          3) yearly taxes on the property
                                                                                                                                                                          4) sewage, and other little fees.
                                                                                                                                                                          5) something breaks you have to fix it. not the tenant.

                                                                                                                                                                          ServerProvider.com


                                                                                                                                                                          ICQ#: 311-848-143

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                                                                                                                                                                            • Sami
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Mar 2004
                                                                                                                                                                              • 2047
                                                                                                                                                                              #44
                                                                                                                                                                              and out of the remaining income you have to pay income tax ...

                                                                                                                                                                              The government has us by the balls!
                                                                                                                                                                              tax for every little penny you spend or you gain from 300 directions.

                                                                                                                                                                              ServerProvider.com


                                                                                                                                                                              ICQ#: 311-848-143

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                                                                                                                                                                                • beemk
                                                                                                                                                                                  CLICK HERE
                                                                                                                                                                                  • Jan 2002
                                                                                                                                                                                  • 20829
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by Sami
                                                                                                                                                                                  Let me tell you guys something.


                                                                                                                                                                                  Its not just the monthly mortgage you need to count. these are the costs of renting an apartment for example out to a tenant.

                                                                                                                                                                                  1) monthly mortgage
                                                                                                                                                                                  2) maintenance fee
                                                                                                                                                                                  3) yearly taxes on the property
                                                                                                                                                                                  4) sewage, and other little fees.
                                                                                                                                                                                  5) something breaks you have to fix it. not the tenant.
                                                                                                                                                                                  insurance too.
                                                                                                                                                                                  I host with Vacares

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • buddyjuf
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by Sami
                                                                                                                                                                                      and out of the remaining income you have to pay income tax ...

                                                                                                                                                                                      The government has us by the balls!
                                                                                                                                                                                      tax for every little penny you spend or you gain from 300 directions.

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • Theo
                                                                                                                                                                                          HAL 9000
                                                                                                                                                                                          • May 2001
                                                                                                                                                                                          • 34515
                                                                                                                                                                                          #47
                                                                                                                                                                                          go get them son

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • FlyingIguana
                                                                                                                                                                                              aspiring banker
                                                                                                                                                                                              • Mar 2002
                                                                                                                                                                                              • 10870
                                                                                                                                                                                              #48
                                                                                                                                                                                              Originally posted by Sami
                                                                                                                                                                                              Let me tell you guys something.


                                                                                                                                                                                              Its not just the monthly mortgage you need to count. these are the costs of renting an apartment for example out to a tenant.

                                                                                                                                                                                              1) monthly mortgage
                                                                                                                                                                                              2) maintenance fee
                                                                                                                                                                                              3) yearly taxes on the property
                                                                                                                                                                                              4) sewage, and other little fees.
                                                                                                                                                                                              5) something breaks you have to fix it. not the tenant.
                                                                                                                                                                                              not to mention potential vacancies. can't always depend on having a tenant every month to pay the rent. sometimes they just pay their bills and forget to pay you. shit happens.

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • latinasojourn
                                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                                  • Oct 2003
                                                                                                                                                                                                  • 3191
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  depends on where you are.

                                                                                                                                                                                                  if you only have 25k to invest, and you don't own a home i would buy a house to live in.

                                                                                                                                                                                                  i would try to find the worst house that is free and clear on a block of nicer houses and try to get the owner to carry the financing.

                                                                                                                                                                                                  i would try to buy it with 10k dp and use the other 15k to do a quick cleanup and immediately put the house on the market and maybe net out 50-75k.

                                                                                                                                                                                                  i would then do the same again, only now a more expensive home, not putting all the money into the downpayment, but allocating maybe 10% dp, 20k for fixup, and the remaining to help with debt service.

                                                                                                                                                                                                  try to flip 2 houses per year. try to make many offers on homes---offer lowball deals on all owner carry properties with terms you can handle. you are looking for leverage.

                                                                                                                                                                                                  coupled with the tax advantages for personal ownership and the fact that you are trading up with each purchase you can defer the gains until you retire (or you die).

                                                                                                                                                                                                  this is the fastest way to build net worth.

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                                                                                                                                                                                                    • Mishi
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Feb 2002
                                                                                                                                                                                                      • 1054
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      What are people's thoughts about buying a duplex, living in half and renting the other half?
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