All Forum Posts by: Michael H.

@Raden Mantuano like others have said this is not a good deal. No way is there only going to be $32 a month for capex and repairs on a $44k property. You would need to get this for much cheaper and even then I’m not sure if it is a deal. I would walk. Also I noticed you said you are a risk taker. That’s fine but it is about taking smart risks. This really doesn’t seem like a smart risk and you seem grossly undercapitalized if you are borrowing $500.

@Josh Nigh that’s exactly what I was thinking! Ya know, because crypto never goes down.

@Daniel F. Harb real estate can go down too where you can lose everything. A lot of people did in 2008-2010 due to leverage. If you position size properly, RE and stock market can work for you. The only people that get blown up in those investment vehicles don’t have proper risk management/position sizing.

@Hector W. Zamora Cordova if you have to ask this question, you are better off investing and buying the Tesla later.

@Engelo Rumora I might be down 95% on my GE calls, but I’m up 140%, 72%, 256%, and 100% on my CSCO, KO, PFE, and VZ calls. These returns happened in less than a year. Don’t knock something you don’t know.

The only ones who get hurt on a roller coaster are the ones who jump out.

It shouldn’t matter what an internet troll says. They are just keyboard warriors.

If you tell yourself that you can’t invest until it is paid off, you will probably pay it off quicker by making extra payments and getting a second/third job. Real estate will always be around. Get your personal finances scared away first because if you don’t real estate can ruin you.

I house hack so down the hall.

As a millennial, I’ve decided the only way I will be able to own a house is if I build it out of participation trophies. It’s the only resource my generation has plenty of. Kidding, of course. Stay after it. You will find something. And it could be a blessing in disguise that you are not getting them.