If yo had $50K-$60K cash...
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Wroclaw if full of whores, sad to say
polish girls, students.. and maybe new citizens, ukrainiansComment
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Works for me Broski!
About $50 Euro a pop? LOLMy Affiliate Programs:
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I agree. In 2012 i could rarely see Ukrainian cars or hear the language, now it's everyday.
About investing into real estate in Poland. Well, financial market services are not very trusted so everyone is trying to invest into real estate. Especially at the early stage,
shit is being built everywhere and they now stick houses close to each other like in Ukraine, well, not that tall yet. And prices go high.
Tho 60k is pure shit to think real estate. But it may be the best opportunity still if you are not a biz savvy one.Русня, идите нахуй!Comment
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Sarn, Beria doesnt pay you to collect that type of data on polish sites.
or does he, Sarn ?
anyway, amazing shorts, but why so expensive ? does it include personal delivery by previous owner :-) ?
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Are you mortgaging these rental proeprties or cash in?In this day and age, I wouldn't put it into adult. I would use it for a downpayment on another buy-to-let property.
Buy it, and have a property management company let it for you (Guaranteed rent even if tenant doesn't pay - Costs 10% of rent) and use the rent to make the mortgage payments on the remainder.
Property value goes up faster than interest on money in the bank and the house pays for itself
Thats what I would do today anyway
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Let me first clarify re the 'slum landlord' points above. I am not talking about some eastern european country, but a picturesque part of the the UK . My hometown Teignmouth, pictured above.
The properties I am talking about, while certainly not luxury mansions are still very nice little starter homes / rental properties. Couple of bedrooms lounge toilet bath kitchen etc, small outdoor area, poss a small garden and parking for a car etc... All clean tidy and presentable places that while they wouldn't be my first choice, I would and could live there myself, if I needed too... Certainly not shitholes in any way shape or form...
So what I have done is to wait for a place to become available, and then paid just over half up front in cash and then got a 25 year mortgage on the remainder, that can be overpaid if I choose too... Working closely with the rental agents they ensure (for 10%) that a trustworthy and solvent tenant stays there and they handle EVERYTHING.
I am guaranteed my monthly payment, irregardless of them receiving it from the tenant and a such I have enough to make the mortgage payment and a little extra for me...
The income is totally passive and I do absolutely nothing to receive it. Although the income for each property is not mind-blowing money, it all adds up to a nice passive income. Add to that one place I bought in 2013 for £118,000 is now valued at just under £150,000 should I wish to sell...
I mean its a boring solution to making money that contains no excitement or nude women etc, however it is extremely simple to do and requires no work provided you have the initial investment (approx half upfront) which in the case of the preposition of this thread "If you had 50 / 60 K cash" is exactly what I wold do / have done before / would do again
Also, once you have a couple of properties like this, it becomes infinitely easier to acquire more, as you can prove what you are doing is working when applying for further mortgages
And naturally, you can always sell a property for a nice profit at any time, if you decide you want that dream sportscar or world cruise any time in the future 
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how the fuck do i buy Ethereum ? Is coinbase the only option ? Somehow i cant get my id verified thereComment
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Seems like there is a few people from Poland , I thought that Mechbunny owner and I were the only onesComment
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For a 5000 auction car? Depreciation on an asset that is 75% depreciated? add on insurance if they don't have their own rideshare insurance. 6k a month and each car will get average 45 k miles average before it gets weak from 70k to 115k. Average daily miles for Uber drivers is 150 miles or 15 months per car. Sell for $1500 and move on. Gross Margin = 40% annually.Comment
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10 % sounds wonderful for that kind of service actually...
I guess that you signed up with them long term paper, for like 10-15 years of guaranteed rent ?
Working closely with the rental agents they ensure (for 10%) that a trustworthy and solvent tenant stays there and they handle EVERYTHING.
I am guaranteed my monthly payment, irregardless of them receiving it from the tenant and a such I have enough to make the mortgage payment and a little extra for me...Comment
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Yes that sounds great.
How can one find a management company that does this? Ive not heard any companies here paying remt regardless if the unit is rented or notComment
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in UK there are not enough flats to rent and big demand, maybe thats why it is like that...
but lets wait for an answer....
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That's the worst idea I have ever heard, but, daily automobile rental is awesome. Especially with trucks. Fucking awesome.
I would buy gambling machines and real estate and a huge printer or 7
AND PLANE TICKETSComment
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I don't know, Barry, fuck a REIT - I am too hands on for that, myself, but I agree extremely about not simply owning one SFRA leveraged 1 unit real estate investment?
That's 100% occupancy or 100% vacancy ...
Buy a ( or a few ) REIT ETF shares -- if you like real estate ...
Top 24 Real Estate ETFs here's one list do your own research
If you fuck up -- it's liquid -- it's easily converted back to cash (usually).
Pot farm idea ain't bad ...
I agree about the weed farm as well
If you have one single SFR better make that handicapped friendly. It'll stay rented and to someone good generally.Comment
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If you don't shut a vehicle off and it's always running you'd be shocked at how much the mileage can be ... kind of like the light bulb that lasted 237 years because it had constant power ... but yeah you're right this was a terrible idea they had
But they are on the right trackComment
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I think it's fkn dumb unless you know exactly what you're doing . . even then .. . . when I ever put any money into content I will be spending hardly shit and it'll be for youtube and I'll make extremely more $$$ than any adult content maker
Bet thatComment
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With 60k and decent credit or even hard money I could control / own MANY SFRs around here in the shittard fuckhole hellfuck town and you would be shocked at my cash on cash - SHOCKED ,, I betComment
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I don't know what the real estate market is doing but this sounds like reasonable writing
I definitely know you should buy when everyone is running screamingComment
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Would of being nice that you explain your logic here , as I cannot add it up ....
Why did I put 400 K in real estate ? Because, it was coming out of 10 year term bank deposits/investment bringing me 6.55% ( 26K a year interest, less taxes ) .
When renewal came up, the best I could get was 1.35% on freezed 5 years term ( 7K , less taxes ) . And lets not get into inflation ....
Now, with 80K down, I bougth a property of 350K ( 3 rental units- 2500/month ) at 2.89% interest . Cash flow is positive and with capital payment from tenants, my return was over 15% , not counting increase in value.
Repeated with remaining cash on hands . 400K got me 2 million of property ....
So the low interest were the main factor to remove the money from the bank, and low mortgages were the main factor to put it in real estate ...
At 1.5% yearly plus value, still not counting inflation ) the value goes up of 30K a year ....
Latest mortgages are at 2.2 et 2.39 % ....
Selling ??? Yeah, here I come to beg to get 1.15 % .....
On the other hand, I am not one of the '' big playa '' with ferraris, maserratis and a fucking fountain on my front lawn ....
This is the best post
This makes perfect sense
In America you get great tax breaks and Christ knows what else as wellComment
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For a 5000 auction car? Depreciation on an asset that is 75% depreciated? add on insurance if they don't have their own rideshare insurance. 6k a month and each car will get average 45 k miles average before it gets weak from 70k to 115k. Average daily miles for Uber drivers is 150 miles or 15 months per car. Sell for $1500 and move on. Gross Margin = 40% annually.
It's still the worst idea I have ever heard, but, it makes more sense when you expounded a bit on what you had in mind.
Still the worst idea, sorry
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No, tbh its just an ongoing basis. If the current tenant decides to give notice, they just bring another in straight away. No bother to me... That what I mean by they handle all the 'Business' side of things for me...
I just know that on certain days of the month, certain amounts of money are going to be deposited in my bank account and for the last five years or so, they have.
Well full transparency, I wasn't aware that this was anything else 'but normal' if you get me? As I have said, I am in Teignmouth Devon, and these are my lettings agents: Dart & Partners Estate Agents - Property for Sale and Rent in Teignmouth, Devon
The landlords page is here and the specific service is part of the 'Fully Managed Service' called 'Rent Protection Service'
There full terms can been seen HERE I admit that it does say that its only free for the first year, then it costs £130 a year each year, but I have never been charged any payment other than the initial setup fee which includes this. I guess because I have a few properties with them I don't get charged it? Not sure really but I'm not gonna ring up and suggest they missed it!
Hope the above makes sense
Better to point you direct to the horses mouth so to speak
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