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Jeb destroying everyone.
A vocaroo would seal the deal.
A vocaroo would seal the deal.
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Jeb destroying everyone.
A vocaroo would seal the deal.
Everyone can thank me for this Boomia copypasta. That’s the only thing I care to add to this thread other than that literally everyone is a pedophile except for meI own 5 short term rentals here and personal house, my real house in Canada, my old house in NJ, and a town house condo on a breezy island I won't name lol. The rentals are all pid off they all cost below 150K when I bought them all are worth well in excess of 200k now. I funded the purchases with money I invested from my 2 multi-unit buildings I bought in the 90s. My cottage has a small mortgage I took after buying for improvements using using equity I had after I paid off the original one because it offered no tax advantage as an expat. My house in Canada I have 70 plus percent in equity in it with a small mortgage that has less than 10 years and I might pay it off in 4 when my term is up if rates are crazy. The NJ house was paid off long ago as I always paid more and is rented, the renters are looking to buy somewhere or were so I may convert it to short rental. The condo is also rented, I have an agency that takes care of it, they rob me, but the fees, taxes, and utilities get paid and I get a few hundred bucks a month paid quarterly as "profit".
Now tell me about equity you retarded millennial?Nearly everything is wholly owned. We also have a pile of cash or near cash assets that are available. A massive downturn won't even hurt me as our profits have been so good the past 5 years as we've grown this and are all in was like 650-700 on the 5 BnBs. Were bringing in probably an honest 100k after costs on them a year. They're still assets and will never crash below 100k a piece, though realistically they'll never fall below cost. So say we had purchased them all at once for 700, they're worth a million now even after sale costs and we made 500k (low) in profit in 5 years. That's yielding over 20% and the revenue stream will always be there. We're also learning and now will only keep 2 properties open from Thanksgiving until April saving costs as the demand is really summer driven.
We do very good, in fact we'd do better with a few more, but I'm getting older and the utility goes down as the work goes up. I could buy more literally a dozen if they were mortgaged, but the margins would be so much lower for the risk, because hurr durr equity you fucking dimwit. Real estate is a great investment because you pace inflation in most instances. So if you strike early and take advantage of cheap money you can grow wealth. As for equities vs real estate I have a decent share of money invested in equities though despite deflationary pressure I am in a mostly cash offset by some treasuries 2 years and less. I just bought some series I after the rate adjustment announcement. Do you have any advice for me?
I can't be a pedophile because I'm DEAD and the doctor ripped my baby PENIS offEveryone can thank me for this Boomia copypasta. That’s the only thing I care to add to this thread other than that literally everyone is a pedophile except for me
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