#1
Post rating: ~
Want to make $25,000 a year without doing any work? Invest in condos. NOW.

Paying rent makes no sense. Everything you put into rent is pure loss and doesn't give any gain in assets. Instead take out a mortgage on a home or condo unit and live in it for about two years.

You'll be making a loss on paper initially but that's just starting out. Now that you've secured a residential mortgage rate for your property, move into another condo and rent out the first one.

You can deduct depreciation and the cost of a real estate agent to collect the rent from your taxes. Again, you can deduct all your maintenance and business costs straight out of your income taxes.

So within three years you already have a mortgage on two places, with someone else managing it for you and a steady $25,000+ pure rental income with all maintenance expenses deducted from taxes. Get two or three of these going and you can make way more.

It's the easiest surplus value extraction technique in the book. I'd do it if I wasn't still in college.

Invest in real estate.

NOW.
#2
Kurdt
Post rating: ~
can you get insurance for revolutionary land reform
#3
political car tune
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*tugs teh real estate cord*
#4
Mike Nelson here.
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there's no such thing as a free lunch.
#5
Post rating: ~

there's no such thing as a free lunch.



You can do anything you set your mind to!

#6
Mike Nelson here.
Post rating: ~

Lucille posted:

You can do anything you set your mind to!

everything happens for a reason.

#7
Post rating: ~

getfiscal posted:

everything happens for a reason.



Shoot for the moon. Even if you miss, you'll land among the stars.

#8
Post rating: ~
suicide is everyone's option. but once you commit, there ain't no coming back- scarface
#9
Kurdt
Post rating: ~
x gon give it to ya
-x
#10
Not Your S.H.I.E.L.D.
Post rating: +

Lucille posted:

Want to make $25,000 a year without doing any work? Invest in condos. NOW.

Paying rent makes no sense. Everything you put into rent is pure loss and doesn't give any gain in assets. Instead take out a mortgage on a home or condo unit and live in it for about two years.

You'll be making a loss on paper initially but that's just starting out. Now that you've secured a residential mortgage rate for your property, move into another condo and rent out the first one.

You can deduct depreciation and the cost of a real estate agent to collect the rent from your taxes. Again, you can deduct all your maintenance and business costs straight out of your income taxes.

So within three years you already have a mortgage on two places, with someone else managing it for you and a steady $25,000+ pure rental income with all maintenance expenses deducted from taxes. Get two or three of these going and you can make way more.

It's the easiest surplus value extraction technique in the book. I'd do it if I wasn't still in college.

Invest in real estate.

NOW.



#11
Post rating: ~
We're all capitalists now. At least the ones of us who invested in real estate.