i dont believe in “passive income” i prefer the grind
Pass to me and you'll get your return in 6-8 months. I rent out rooms back in my 3rd world country, good shyt tbh
Which country you from?
OP sounds like me googling is it bad to smoke after surgery. Just searching for ANYTHING to give me permission to be an idiot
Passive income aka being a leech on humanity
Why is being a landlord bad
Genuinely question
“ Landlords who own a house are free to rent it. Landlords who buy a house on mortgage to rent it are at war with Allah and His Messenger. It is completely forbidden for Muslims to get buy-to-let mortgages accordingly.”
sounds like a scam
I was going to answer if there's a full contract and I can have my lawyer present to make sure it's all legit and not a scam then yes lol
All jokes aside it’s much more difficult than you’re making it out to be
Plus you have to be next door neighbors with your tenant lol
Why is being a landlord bad
Genuinely question
You aren't producing anything you just leech of somebody else labor
is zoning, town, etc allowing this? also factor in maintenance, insurance, tax, etc on it. 40k for 2k/month plus added home equity isn’t a bad deal
i’d never be a landlord
it’s a pain in the ass definitely not for everyone and it’s not guaranteed money like the internet makes it out to be people that had the disposable income to become ones between 08-13 just had a generational buying opportunity
wait on it then interest rates are high and should go down in the next 18 months it’s not like you’re losing the property anytime soon right?
You aren't producing anything you just leech of somebody else labor
Ain’t that just capitalism though?
Ain’t that just capitalism though?
No most people have to produce things or provide a service to survive
Yea
Yea
Lol
if you’re in no rush maybe wait for rates to go down bc rates are higher and are dropping soon
KTT doesn’t know anything about making money
Found jeff epsteins burner account
if rates go down to 6% don’t even bother putting down your own money borrow everything you need and put the cash in some index fund or something that’ll yield 7% or more
Found jeff epsteins burner account
I am very good at making money