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Author Topic: Who say real estate investment was not a good investment?  (Read 69633 times)

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Offline DuMa

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The Zestimate for this house is $424,528, which has increased by $12,702 in the last 30 days.

This is a sample estimate for my house.  By doing nothing, I'm making $12k a month?  Is that how you do the math?   :2funny:

Not liquid cash though.   :D




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Offline nightrider

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Re: Who say real estate investment was not a good investment?
« Reply #1 on: July 24, 2019, 08:02:59 PM »
It is but you have to have cash to play. Right now, it isn't so good because it's hard to invest as it's a sellers market and we don't know when it's going to crash like the last time. Price wise, it's too damn expensive to own property right now. And it's also important to understand the tax laws, it doesn't benefit anyone if you're just going to break even. You need to make a big profit when selling your property otherwise it's not worth paying capital gains tax just planning to sit on the money you made.



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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #2 on: July 30, 2019, 10:23:17 AM »
The Zestimate for this house is $424,528, which has increased by $12,702 in the last 30 days.

This is a sample estimate for my house.  By doing nothing, I'm making $12k a month?  Is that how you do the math?   :2funny:

Not liquid cash though.   :D

lets break down some math

 $424,528 @  4% rate 30 years mortgage=  $16,960 interest annully

 $16,960-  $12,702= $-4,258 
this is just all Zestimate
assuming the home price goes up $12k every year, because nothing it goes up and down through out the year
and your interest rate stay like that for a few years (it goes down once you start paying off the house)
but right now you are in the hole every month


« Last Edit: July 31, 2019, 12:46:29 PM by hmgROCK »

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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #3 on: July 30, 2019, 10:29:02 AM »
its not till the 15 years mark
just Zestimate , assuming the house price keep going up $12k every month

where

$12,000 (mortgage interest goes down as you pay your loan) - $12,000 (monthly home value)= $0 (finally cancel it each, even than you are still making zero  dollars)



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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #4 on: July 30, 2019, 10:33:32 AM »
it is hard to double your money $424,000
to $848,000

where in stock if you hit the jackpot with amazon

you probably 10x your money to

$4,240,000



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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #5 on: July 31, 2019, 08:35:27 AM »

This is a sample estimate for my house.  By doing nothing, I'm making $12k a month?  Is that how you do the math?   :2funny:

Not liquid cash though.   :D

you gotta be careful with your wording
cause the way, i see and read this is

1. you buy the house
2. and sit on it
3. watching the price on the house rising
4. as you paid your monthly mortgage+interest
5. you are in the hole every month

what alot of us people who have investment is houses

1.we buy house
2. rent them out
3. have other people paid our mortgage+interest
4. earn equity on the house
5. this is the correct way to do it



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Offline DuMa

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Re: Who say real estate investment was not a good investment?
« Reply #6 on: July 31, 2019, 09:24:30 AM »
you gotta be careful with your wording
cause the way, i see and read this is

1. you buy the house
2. and sit on it
3. watching the price on the house rising
4. as you paid your monthly mortgage+interest
5. you are in the hole every month

what alot of us people who have investment is houses

1.we buy house
2. rent them out
3. have other people paid our mortgage+interest
4. earn equity on the house
5. this is the correct way to do it


So where yo do expect me to live? 

1.  I buy a house
2. I rent them out so they can pay my mortgage for me
3. I go rent another place to live and pay other people's house?   :2funny:




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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #7 on: July 31, 2019, 10:23:28 AM »
So where yo do expect me to live? 

1.  I buy a house
2. I rent them out so they can pay my mortgage for me
3. I go rent another place to live and pay other people's house?   :2funny:

yeah that's how you do it

1. buy house
2. rent it out, have other pay for your mortgage+interest
3. you start building equity on the house

4. if you still need a place to stay/own mortgage on the house you are living in
5. overcharge a little bit more on the other house to paid for the house you are living in
    a.  assuming all houses monthly bill is $1,000 per month
    b.  you have 5 house total, inclouding the one you live in
    c.   first house $1250, second house $1250, third house $1250, fourth $1250
    d.    fifth house, <<<this is the house you live in $1000
    e.  you use the extra $250 you charge from those four houses to paid for your living house


it's is alot of work
late night plumbing called
you gotta be skills in all housing trade aka:  eletric, wiring, roofing, carpentering , etc....





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Offline DuMa

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Re: Who say real estate investment was not a good investment?
« Reply #8 on: July 31, 2019, 10:44:18 AM »
yeah that's how you do it

1. buy house
2. rent it out, have other pay for your mortgage+interest
3. you start building equity on the house

4. if you still need a place to stay/own mortgage on the house you are living in
5. overcharge a little bit more on the other house to paid for the house you are living in
    a.  assuming all houses monthly bill is $1,000 per month
    b.  you have 5 house total, inclouding the one you live in
    c.   first house $1250, second house $1250, third house $1250, fourth $1250
    d.    fifth house, <<<this is the house you live in $1000
    e.  you use the extra $250 you charge from those four houses to paid for your living house


it's is alot of work
late night plumbing called
you gotta be skills in all housing trade aka:  eletric, wiring, roofing, carpentering , etc....


You gotta know how to game to play the game.  Most importantly is who you rent it out to.

If you gonna live in your house, you can deck it out but as an investor, you can set the house to pass par which is enough to pass regulations for rental property.  Then you rent it to new Americans cuz them people don't speak enough English to know the law plus their idea if an American dream is to live as a renter for the rest of their lives.  In this way, any small problems with the property, they can wing it like electrical in the garage or garage door no work, no need if you can manual open it.  They fear of calling you for a fix which then may forces you to raise their rent.  They keep quiet, you keep quiet is the relationship here.

Now if you rent to rednecks, if you don't fix, they not paying your rent and take to court they will win. 

Dear the educated person and do like what the USA government been doing to the poor people.  Give them enough to survive and keep them there, being poor. 

Sad reality it is. 



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Offline DuMa

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Re: Who say real estate investment was not a good investment?
« Reply #9 on: July 31, 2019, 10:49:43 AM »
lets break down some math

 $424,528 @  4% rate 30 years mortgage=  $16,960 interest per month

 $16,960-  $12,702= $-4,258  every month

this is just all Zestimate
assuming the home price goes up $12k every month
and your interest rate stay like that for a few years (it goes down once you start paying off the house)
but right now you are in the hole every month

Your math is still off. 

If a 424k a month house has a 17k monthly on interest alone, hell nobody gonna buy any house. 

We got 850k houses in the bay and they only pay less than 4k a month. 








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Offline DuMa

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Re: Who say real estate investment was not a good investment?
« Reply #10 on: July 31, 2019, 10:56:05 AM »
it is hard to double your money $424,000
to $848,000

where in stock if you hit the jackpot with amazon

you probably 10x your money to

$4,240,000

Not hard. Just a lil bit of luck and hoping that good jobs will come into my area.  Already got Amazon and little manufacturer Tesla.  Need bigger players like apple n faceboobs. 

Not hoping to double either.  Just hoping not losing value and if it do, market will correct itself like always.  NASDAQ n Dow been breaking records but in due time. 



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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #11 on: July 31, 2019, 12:51:40 PM »
Your math is still off. 

If a 424k a month house has a 17k monthly on interest alone, hell nobody gonna buy any house. 

We got 850k houses in the bay and they only pay less than 4k a month.

typing error, i was on my phone

i mean $17k  interest annually
minus
$12k home value annually (because this month might be good, next month might be bad, it goes up and down, should equally 12K annual)




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Offline hmgROCK

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Re: Who say real estate investment was not a good investment?
« Reply #12 on: July 31, 2019, 12:54:02 PM »
Not hard. Just a lil bit of luck and hoping that good jobs will come into my area.  Already got Amazon and little manufacturer Tesla.  Need bigger players like apple n faceboobs. 

Not hoping to double either.  Just hoping not losing value and if it do, market will correct itself like always.  NASDAQ n Dow been breaking records but in due time.

if you use that $425k loan and just bought amazon stock
you would have somewhere around $11+ million
estimating

it's hard to 2-4x your money on the housing market



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Offline DuMa

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Re: Who say real estate investment was not a good investment?
« Reply #13 on: July 31, 2019, 01:05:39 PM »
typing error, i was on my phone

i mean $17k  interest annually
minus
$12k home value annually (because this month might be good, next month might be bad, it goes up and down, should equally 12K annual)

You may make the error but I did not.

"which has increased by $12,702 in the last 30 days"  152,424K a year if this keeps up.  152424K - 17K = win   :2funny:




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Offline DuMa

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Re: Who say real estate investment was not a good investment?
« Reply #14 on: July 31, 2019, 01:12:18 PM »
if you use that $425k loan and just bought amazon stock
you would have somewhere around $11+ million
estimating

it's hard to 2-4x your money on the housing market

Yeah, amazon after the fact right?

Having close to half a million dollars and investing it all in one shot is a high risk gamble.  All in on the superbowl to double up in 3 hours game.   :2funny:






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