The Real Estate Thread: Investing in Houses overseas in the USA

[Fatboxingfan]

@Gandalf @walrus my mistake, it's 4 FAMILIES, Walrus the Tusked One was correct. I did some That's research and $2750 is the 1-family going rent per month there. Yes Walrus that's a Chasidim area. So you could earn $11,000 USD per month in rental income. 5 months on the market isn't so bad as that's a fucking bug ass purchase, plus if it's Chasidim, they may want to keep the neighborhood kosher, waiting for the right buyer.

Yeah 11k a month but mortgage at that price is 19k a month you would think they would need to at least break even or just be short a thousand or two. Five months when your in an area dominated by rentals is a pretty long time. Shows they need to knock that price down

How're u coming up with mortgage $19 G's, B? Oh and $1,000/mo prop tax

[walrus]

@Gandalf @walrus my mistake, it's 4 FAMILIES, Walrus the Tusked One was correct. I did some That's research and $2750 is the 1-family going rent per month there. Yes Walrus that's a Chasidim area. So you could earn $11,000 USD per month in rental income. 5 months on the market isn't so bad as that's a fucking bug ass purchase, plus if it's Chasidim, they may want to keep the neighborhood kosher, waiting for the right buyer.

Yeah 11k a month but mortgage at that price is 19k a month you would think they would need to at least break even or just be short a thousand or two. Five months when your in an area dominated by rentals is a pretty long time. Shows they need to knock that price down

How're u coming up with mortgage $19 G's, B? Oh and $1,000/mo prop tax

2k a month in property taxes actually over that. Check out that site it breaks down the mortgage. 3.5 million u are gonna pay a big monthly chunk

[walrus]

@Gandalf @walrus my mistake, it's 4 FAMILIES, Walrus the Tusked One was correct. I did some That's research and $2750 is the 1-family going rent per month there. Yes Walrus that's a Chasidim area. So you could earn $11,000 USD per month in rental income. 5 months on the market isn't so bad as that's a fucking bug ass purchase, plus if it's Chasidim, they may want to keep the neighborhood kosher, waiting for the right buyer.

Yeah 11k a month but mortgage at that price is 19k a month you would think they would need to at least break even or just be short a thousand or two. Five months when your in an area dominated by rentals is a pretty long time. Shows they need to knock that price down

How're u coming up with mortgage $19 G's, B? Oh and $1,000/mo prop tax

Saddosotafats you didn’t know him but we had a guy here called Brock. He was kind of a dick but lived in the city of NY and used to tell us about how bad rents were in the city. I remember he said he and his wife were living in this tiny place which I don’t even think was a legal apartment and despite being a shit hole it was quite expensive. I’m pretty sure that Zillow breaks down payments on a conventional mortgage and they had it at over 19k a month in mortgage payments. So if you have four apartments you would think whoever buys it would want the monthly rent charges to at least get as close to covering that mortgage but preferably at least make a little profit. So if I am correct he would need to get 5k monthly rent from each unit. Now I have no clue how they do it. Maybe the Hasidic Jews have figured out somehow to do it differently and make money. One of us is going to have to call the agent and get to the bottom of this as I am lost.

I don’t talk to Brock anymore we had a falling out, he was being rude to beanz, I complained to the mods and got him banned. If u screw with beanz you screw with me. He emailed me from India but I’m not getting back to him and get these questions answered. Anyway frenchyfats check Zillow again and see if I was right at 19k a month. I would look myself but I need to test my memory. Thanks frenchyfats and I to warn you there is an official rule at saddo #noharshwordstobeanz if you break that rule me and fenald will bounce you out so quick you won’t know what happened. By the way I am not threatening you I just want to make sure you understand how serious the #noharshwordstobeanz is around here. It makes #metoo look like a minor thing like giving a hot chick walking by a quick slap on the buttocks.

[Fatboxingfan]

@Gandalf @walrus my mistake, it's 4 FAMILIES, Walrus the Tusked One was correct. I did some That's research and $2750 is the 1-family going rent per month there. Yes Walrus that's a Chasidim area. So you could earn $11,000 USD per month in rental income. 5 months on the market isn't so bad as that's a fucking bug ass purchase, plus if it's Chasidim, they may want to keep the neighborhood kosher, waiting for the right buyer.

Yeah 11k a month but mortgage at that price is 19k a month you would think they would need to at least break even or just be short a thousand or two. Five months when your in an area dominated by rentals is a pretty long time. Shows they need to knock that price down

How're u coming up with mortgage $19 G's, B? Oh and $1,000/mo prop tax

Saddosotafats you didn’t know him but we had a guy here called Brock. He was kind of a dick but lived in the city of NY and used to tell us about how bad rents were in the city. I remember he said he and his wife were living in this tiny place which I don’t even think was a legal apartment and despite being a shit hole it was quite expensive. I’m pretty sure that Zillow breaks down payments on a conventional mortgage and they had it at over 19k a month in mortgage payments. So if you have four apartments you would think whoever buys it would want the monthly rent charges to at least get as close to covering that mortgage but preferably at least make a little profit. So if I am correct he would need to get 5k monthly rent from each unit. Now I have no clue how they do it. Maybe the Hasidic Jews have figured out somehow to do it differently and make money. One of us is going to have to call the agent and get to the bottom of this as I am lost.

I don’t talk to Brock anymore we had a falling out, he was being rude to beanz, I complained to the mods and got him banned. If u screw with beanz you screw with me. He emailed me from India but I’m not getting back to him and get these questions answered. Anyway frenchyfats check Zillow again and see if I was right at 19k a month. I would look myself but I need to test my memory. Thanks frenchyfats and I to warn you there is an official rule at saddo #noharshwordstobeanz if you break that rule me and fenald will bounce you out so quick you won’t know what happened. By the way I am not threatening you I just want to make sure you understand how serious the #noharshwordstobeanz is around here. It makes #metoo look like a minor thing like giving a hot chick walking by a quick slap on the buttocks.

Is seem impossible for the 1-family $5,000 per month rent, to paying. Monthly mortgage to bank is $19,000? Oh my God.

So that the Brock poster all was talking of, that you fallen out with? Is why Beanz keeping call me Brock? Oh, you and Fenster can ban those other posters?? Your avatar didn't say moderator, so, you're?