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  1. #31
    Henchy432 is offline Senior Member Community Builder
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    Quote Originally Posted by irecinius View Post
    With One million you can buy right now as the real state market is, about 2 houses top, ranging 230-300
    Sure that doesn't add up to 1m, but the repairs and furniture and fixin' to make the house sellable or rentable, you going to use most of it..

    You can make half million or something flipping two good houses..

    But if you want, you could get about 1 great appartment and 4oks appartaments down in brasil, with 1mil. But not sure about living off rent, I'd drop 4 aps, and live of interest of my money in the bank :P
    Fliping is the thing to do. You can make bank that way.

  2. #32
    StealDragon's Avatar
    StealDragon is offline Super Moderator Community Builder
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    At the risk of sounding anti semetic... the jews are fucking ruining my hometown neighborhood flipping houses left and right. In 20 years my house has gone up in value 1600&#37; because people keeps selling houses at seven figure levels all around me. How do they get to 7 figures. Jews keep flipping em!!! It's gentrification in hyperdrive. >.< It pisses me off because the money isn't staying in my community.


    I'd like to die with the songs I love stuck in my head. I hope to make the most of these hollow bones we become.
    I raise a toast to the the souls that sang all along. I've been gathering friends to just to make some sounds,
    before the ship goes down, I've been making amends by making the rounds before the whole world ends


    [Chit Chat Specific Forum Rules] // Last Update - Friday March 13, 2009

  3. #33
    LtoP89 is offline Senior Member Regular
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    what's flipping? and who do you go to to set up offshore accounts/get the lowdown on how to avoid tax etc? make an accountant your friend?

    oh one more thing, WTF?! i don't understand you guys. At the risk of sounding stupid I'm going to say this, with a MILLION DOLLARS, you don't fucking BUY EVERYTHING YOU EVER WANTED. You invest bank/buy stock or whatever. USE the fcking money and make it GROW, not sit on your lazy ass and use it all up! NY while ranked in the top 10 as one of the most enjoyable places to live, is also of the top 10 most expensive, yet people still live there pretty well don't they? it's cause they use the MILLION they had to GET RICHER.

    side note: Jews are rich+control America?

  4. #34
    StealDragon's Avatar
    StealDragon is offline Super Moderator Community Builder
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    Flipping a house is when you take a run down peice of shit basically four walls and four floors and completely rebuild the house from the inside. It usually costs more to fix the house than it does to buy it. When you're finished you sell the fixed house for more than it costs to buy it AND fix it combined. For example. I recently saw a house on the next block from mine bought for $300,000 fixed for about $250,000 (it wasn't in too bad of shape, most was modernizing and whatnot, adding central heating etc.)... then sold for $1.3 million dollars. It was so insane it made the news. I hate that shit because no body thats in my neighborhood can afford a 1.3 million dollar home so people (read: yuppies) come in and viola. Gentrification. Doesn't help that the douches that sold the house in the first place up and moved to ATL. And the Jewish guy that did it made the easiest $700,000 in history. Mind you the same guy is doing the same thing to about six houses in my neighborhood AT THE SAME TIME. Then he's gonna take his loot for the year (if you have good contractors, this can be done in a summer) and skip his ass back to President Street. Its exploiting my neighborhood to the fullest. How do I know all of this? Because he keeps sticking flyers in my gate asking us to call him so he can buy my house, cash, no questions asked.


    I'd like to die with the songs I love stuck in my head. I hope to make the most of these hollow bones we become.
    I raise a toast to the the souls that sang all along. I've been gathering friends to just to make some sounds,
    before the ship goes down, I've been making amends by making the rounds before the whole world ends


    [Chit Chat Specific Forum Rules] // Last Update - Friday March 13, 2009

  5. #35
    LtoP89 is offline Senior Member Regular
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    interesting, i know it sucks for the community but as long as you have the money the rich get richer and the poor get, well poorer.

  6. #36
    bipolargraph is offline Senior Member Always Around
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    Right, if I have a mil, I wouldn't go buying in new york, I'd pick a state with the lowest taxes/prices etc. (I used to live in Maine, we had a 4 bedroom apartment with a large swimming pool that cost about 260k, but then no one would live maine lol) What I'm saying is if you could get 3-4 apartments max (not the ones from the slide show) , the money you get off that might be higher than getting interest (if you are going to buy a house).
    Ok, lets say you get three unfurnished apartments (that are in a good condition) each being about 250k . You furnish them with about 100k, you rent two, live in one, get a room mate with you paying half the rent and that would be a decent amount of money (or rent/buy a smaller one so that you can live in it). You can get a part time job rather than sit around and do nothing all day and you'd live a good easy life. If it doesn't work out too well, you can always sell the apartments you bought since buying property not burning money.

 

 
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