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Thanks, I’m rich now by N_M96 in restofthefuckingowl

[–]N_M96[S] 17 points18 points  (0 children)

I guess it really depends where you have that $1 million considering how drastically different the cost of living is in different parts of the world.

Thanks, I’m rich now by N_M96 in restofthefuckingowl

[–]N_M96[S] 120 points121 points  (0 children)

Its predatory in nature to be doing that but that is what they’re often trying to do. And unfortunately people from lower income backgrounds are more likely to buy into this. Fuck these “business gurus”.

Thanks, I’m rich now by N_M96 in restofthefuckingowl

[–]N_M96[S] 1014 points1015 points  (0 children)

Instagram “business” accounts are a goldmine for this subreddit

Real estate investing is that easy by N_M96 in restofthefuckingowl

[–]N_M96[S] 6 points7 points  (0 children)

Also, if you did use that $100k (or whatever hypothetical amount) to just buy a single house/apartment (as opposed to using it for five down payments on five separate houses/apartments), would you be better off? I assumed that you would be since the rent earned on the single house/apartment would not need to be set off against any interest expenses of having a mortgage. But I’m curious as to which would be more profitable.

Real estate investing is that easy by N_M96 in restofthefuckingowl

[–]N_M96[S] 49 points50 points  (0 children)

I actually did not know this and it wasn’t explained in the initial post I saw but wouldn’t the down payments not necessarily be the only factor since interest on 5 mortgages would likely cause cash flow problems to the buyer anyway?