droid wrote:
You're not being honest, and that ends the dialogue. You know those expenses are not passed right away but averaged out.
You guys are not being honest. You seem to take one sentence and twist what I have been saying. Like when I said putting ALL of your extra cash into a property is a stupid thing. Eurobrat then claims I said putting money into real estate is stupid.
But I digress...
That was my whole point. He ends up taking a hit for a large repair and has no back up funds he is toast. He won't be able to get back that investment right away and will need to make it back from profits off of the rents long term. You can only charge so much rent and can't just boost up rent whenever you want otherwise no tenants.
That is the problem with putting all of your cash into a house like Eurobrat is saying he should do.
I actually love real estate but you need enough money to take care of any problems that may happen. That is why many investors lose their houses because they can't weather the storms and it takes cashflow to whether the storms.
I could rent my house today for $1100/mo, put $600 of that on a maintenance fund and enjoy the rest, which will probably pay for my rent and partying in Guangzhou.
Additionally, my house is worth now 180% of what I bought it for. I could cash out right now but it wouldn't make sense (yet).
Oh yeah let's also not forget the $40K+ stash I have from all the rent I haven't had to pay in the last 3.5 years. (that's 100% return on the investment over 3.5 years, or 30% per year).
This is clear proof I'm doing this right, as opposed to perhaps having invested on uncertain stocks while paying rent. Now that doesn't make any sense to me. You could rent it out but that isn't the same as purchasing a house, in another country, and renting it out as an investment. You will have language issues, legal issues that you have no clue about. Not to mention a place like Ukraine would totally mess you up because of corruption.
Not let's stay honest here and not talk about you owning a home, where you live and what you could possibly do. That isn't the scenario eurobrat has brought up. He keeps changing the scenario but your situation isn't what is being discussed.
Did you pay all cash for your house? That is what Eurobrat is saying to do. When you do business online, you understand that today's profits could end anytime. It isn't like he is getting a pay check every week for showing up like Eurobrat.
You seem to have the mentality that anywhere except America is hell. But I don't agree you'll necessarily get ripped off. I don't see why Roosh couldn't get something in greece or italy and rent it out. Poland is not really that far anyway (he could "Bang" Greece while he visits his property on occasion Lol.)
Now you are not being honest. I never said anything like that. In fact, I have worked outside/lived outside America. Some of you guys just seem to make things up in order to try and debate. Eurobrat first claimed he should have purchased for ownership and to avoid paying rent (this was how he was trying to diqualify Roosh's earnings). I said unless you plan in living in an area for a long time you should rent.
If you are traveling around Europe, why the hell would you want to purchase a property? He has visa issues and buying a property may not even help him with a long term visa. That depends on the country. Roosh hasn't live in one country for years, he's been traveling all over the place. Now, you or eurobrat (who seems to be moving from place to place) may not think that is ideal, that is more of a personal decision.
Again, purchasing a property isn't always the best option depending on your lifestyle. It has nothing to do with how much you earn.
I really wonder how you guys can't understand these things but that is probably why this forum is dead.