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💡Life Pro Tips

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9 Jan 2021
@otter2020:privacytools.iootter2199 percent of calls my land-line phone received were cold calls. I got fed up with them and have turned off the sound volume of the phone since then, meaning I don't answer it anymore. Now, people rarely leave a message on the answering machine, which makes me so happy!12:39:09
13 Jan 2021
@otter2020:privacytools.iootter21Download オシャレに靴紐を結ぶ方法.mp406:51:32
4 Feb 2021
@ff777:nerdsin.spaceFF777fatness_impairs_cognition.c.png
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8 Feb 2021
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00:57:47
15 Feb 2021
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17 Feb 2021
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19 Feb 2021
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4 Mar 2021
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22 Mar 2021
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22 Apr 2021
@user:nerdsin.spaceu Order extra (heavy) lettuce, onions, pickles, and tomatoes all on the side for your Burger King burgers. If it’s a good BK you’ll get a free side salad 🥗 17:33:16
@user:nerdsin.spaceu(some cheapskate franchises charge for tomatoes though, so watch out)17:33:43
@user:nerdsin.spaceu some charge extra for “heavy all” that includes extra ketchup & mustard, or just charge extra for 4 or more extra items too, always something to watch for 17:36:08
26 Apr 2021
@ff777:nerdsin.spaceFF777this is a guide i wrote to owning real-estate and renting it out:00:47:53
@ff777:nerdsin.spaceFF777+------------------+ | Real-estate Plan | +------------------+ Don't be lazy about this if you want to make tons of money with out having to do much work.. You have to do the real-estate thing or else you will be stuck doing some gay job for the rest of your life.. Not only is pilot friend starting to do it (he said he was "behind the power curve" by waiting so long to start doing it) and my sister is also wanting to start doing it.. And pilot friend has met a lot of people, and he said that he has met 6 self-made millionaires personally in his life, which means they made their own millions starting from nothing, and he said 5 of them (not sure what the 6th one did) started out by renting out single-family homes or duplexes (duplex is a dual-family/double-family home).. You will probably never have enough money outright to just buy a house (unless you are making tons from a good job or some thing) so that means that, even though the FICO credit-score system is evil, it will benefit you if you try to have as high of a credit score as possible so that you will be approved to take out your first (and later multiple) mortgage loans, and hopefully get a lower interest rate on the mortgage loans also.. What you do is, NEVER sell the house you are living in when you move to some where else.. When you move in to a house, you DON'T want to rent it your self (renting is a waste of money), you want to buy it (probably by making mortgage payments on it).. When you move out of your house in to some new place, you start renting out the 1st house you were in.. I guess you could also just stay in your place and try to have your tenant pay rent for the new place you bought.. Tenants will probably be in the place you are renting to them for on average about 10 months out of the 12-month year, so you have to plan for it to be vacant for 2 months out of the year..00:48:09
@ff777:nerdsin.spaceFF777

You want your tenants to be paying for your mortgage payments.. It is NOT GOOD if you are having to pay the mortgage payments from your own personal money from your job.. So there are basically 3 scenarios that could happen:
A: making mortgage payments from your own money from your job (gay)
B: having tenant(s) cover your mortgage(s) because they are paying you rent money that is enough to cover your mortgage payment(s) (better)
C: having tenant(s) cover your mortgage(s) but the rent they are paying you is MORE than the mortgage payment so you are ALSO making a little bit of profit (even better)
Also there is D: having the mortgage payment (on that particular house/duplex) paid off so that most of the rent money they are paying you is profit (you should still set some aside though for maintenance stuff you might have to do to the house in the future, or to pay the annual gay house taxes..)

You don't have to have just ONE mortgage going at a time.....that would take a long time....You probably want to try to have multiple mortgages going..

To help your credit score at first, some how sign up for a credit-card (probably needs to be a SECURED credit-card initially because at first you will have no credit-score history so most places won't give you an unsecured card), and you use that credit-card to buy stuff but:
PAY IT OFF EVERY MONTH, otherwise it will hurt your credit score..
ALSO DON'T USE MORE THAN 30% OF YOUR TOTAL CREDIT CAP..
So for example if you have 3 credit cards, and they have cap of: $300, $400, and $1000 for example, then you don't want to go over $510 COMBINED from all of them, because $510 is 30% of all of those cards combined.. So theoretically you should be able to max out one of the smaller ones if the other ones aren't that maxed out.. But just to be safe i might not even go over 30% with any of them..

00:48:20
@ff777:nerdsin.spaceFF777You should be able to check your credit-score for free using creditkarma site.. They do a "soft-pull/soft-hit" to check your score, so it doesn't affect your score.. Places that do a "hard-pull" will slightly hurt your score just for checking (although that hit eventually falls off like after a year).. Places that do hard-pulls are when you apply for things that use credit such as mortgages, car financing, filling out application to rent an apartment etc.. Basically any time you are going to rent or finance some thing.. You can out-source the management of your properties to a real-estate company for about 10% of your revenue you make from the rent income.. Although if you get a crappy one some times they don't do their job, as pilot friend found out (they weren't making sure the tenants were mowing their yard).. So in that case look for an other real-estate place to hire to do management of your properties.. Also, one idea (that pilot friend did) is to START with a duplex for YOUR first house (where you live in it) so that you can rent out the other side of it.. That is what he did.. He was living in a duplex he owned for a few years and was renting out the other side of it (now he has moved out and is renting both sides of it).. I think the next thing he bought was also a duplex, so maybe he likes renting out duplexes BUT i wouldn't recommend duplexes for long-term residential renting just because duplexes tend to be lower-class homes, and the lower-class your tenants are, the more likely you are to have problems with them and more likely you will have time when the house is vacant (don't let this scare you from doing it too much, you should have a real-estate company managing a lot of the junk for you so hopefully you don't have to interact with the tenants much, if at all).. Now, even though those 5 self-made millionaires STARTED OUT by renting out single-family or double-family/duplex homes, that doesn't necessarily mean they became millionaires by doing it.. Now, even if you don't become an on-paper millionaire, as long as you have a big stream of fairly-passive income, who cares right?.. But if it were me I might try to start buying up commercial properties when you are making enough money to do so, so that you won't have to rely on flaky tenants potentially moving out etc and so you won't have to deal with HUMAN/RESIDENTIAL tenants as much (you will be dealing with BUSINESS tenants instead which tend to be more civilized and trustworthy)..00:48:48
@ff777:nerdsin.spaceFF777What I mean by commercial properties are, probably start out with things like mini-malls, also called strip malls; The places you see with multiple small businesses all connected together, like some times you will see subways, or little pizza places, or nail salons, or liquor stores etc....Places that can't (or don't want to) afford their own dedicated store, they will rent out a small area in a strip-mall/mini-mall area.. You see them every where.. So you can try to start buying places like that for your initial commercial properties, and then the businesses that reside there will be paying you rent all the time.. If your commercial properties are doing very well, you could sell off the residential properties you have if you want to just so you don't have to deal with humans as much any more (of course businesses still have humans, but when they communicate to you they will be representing a business).. Businesses aren't likely to leave with out notice, or default on rent payments etc.. The general rule of thumb if you are looking for which house to buy is: You want to be able to have the tenant pay you monthly at least 1% (or more) of what you paid for the house.. So if the house costed you $80,000, you would want to be able to charge (at the least) $800 rent per month from the tenant.. Right now it seems like Zillow is still the website that my sister still uses the most to look at what rent prices are in different neighborhoods.. I don't know much about zillow, but you apparently try to find a house that is in a neighborhood where you think you will be able to charge the monthly 1%+ of rent to the tenant to determine if you are interested in buying the house.. So if you see a house for $80,000, but you use zillow to look in the neighborhood and see that $800 is a high rent price for that area/neighborhood, then you probably don't want to buy that house..00:48:58
@ff777:nerdsin.spaceFF777As for duplexes, this is a question I asked my sister: Me: "So if some one wanted to buy a duplex and live inside one side of it, but rent out the other side, would the rule of thumb still be aiming for 1% or better of what you paid for the whole duplex? or would you be aiming at 0.5% of what you paid for the whole thing, since you are only renting out half of it (one side)?.." Sister: "Great question. Living in one side of a dupe and renting out the other is a great idea. Usually it works out to where the other side pays your mortgage if you have a mortgage. You could get away with a little less than 1% on a dupe but of course the more you can get in rent the better. Sooooo if you spent $125,000 on a duplex your mortgage would be about $1000 a month (or less with a higher down payment), I'd aim for collecting about $850-900 on that deal if the area supports that amount." As for mortgages, apparently there are different types of mortgages i guess.. I'm not sure what the "normal" mortgage is called (or if there even IS a normal default mortgage), but with the "normal" type i think you have to live in the house and can't rent it out.. So I think you want a mortgage type called "investment loan" for buying a place if you plan on renting it out.. You will probably need a down-payment of 20% of what the house costs, so if you are buying an $80,000 house, you will need $16,000 up front from your own money.. I guess that is what you would need for your first duplex you buy? even if you are going to live in one side of it? (not sure, but you can ask which ever real-estate agent you are using i guess when you are looking at properties to potentially buy).. By the way, the idea is to have multiple mortgages going at once, because if you wait until the whole 1st mortgage is paid off before getting a 2nd mortgage for 2nd house, it is going to take eternity to get rich.. But you want to be safe also, and make sure you are making good enough passive income from your current tenants that you can be able to pay all the mortgage payments on all the mortgages you have open.. You have to keep in mind "what if some of my tenants move out suddenly and i'm not getting rent income".. That is why it is always good to have a good safety buffer of money.. But, the more properties you own and make passive income from, the easier it should be to try to get an other property in a financially-safe way (because even if a few of your tenants suddenly moved out, you hopefully would have enough OTHER tenants still in other houses paying you rent).. But at first, when you don't have many properties, tenant(s) moving out with out warning can affect you a lot more financially percentage-wise, so be financially prepared for that type of thing just in case..00:49:08
@ff777:nerdsin.spaceFF777 the end 00:49:19
@ff777:nerdsin.spaceFF777 * +------------------+ | Real-estate Plan | +------------------+ Don't be lazy about this if you want to make tons of money with out having to do much work.. You have to do the real-estate thing or else you will be stuck doing some gay job for the rest of your life.. Not only is pilot friend starting to do it (he said he was "behind the power curve" by waiting so long to start doing it) and my sister is also wanting to start doing it.. And pilot friend has met a lot of people, and he said that he has met 6 self-made millionaires personally in his life, which means they made their own millions starting from nothing, and he said 5 of them (not sure what the 6th one did) started out by renting out single-family homes or duplexes (duplex is a dual-family/double-family home).. You will probably never have enough money outright to just buy a house (unless you are making tons from a good job or some thing) so that means that, even though the FICO credit-score system is evil, it will benefit you if you try to have as high of a credit score as possible so that you will be approved to take out your first (and later multiple) mortgage loans, and hopefully get a lower interest rate on the mortgage loans also.. What you do is, NEVER sell the house you are living in when you move to some where else.. When you move in to a house, you DON'T want to rent it your self (renting is a waste of money), you want to buy it (probably by making mortgage payments on it).. When you move out of your house in to some new place, you start renting out the 1st house you were in.. I guess you could also just stay in your place and try to have your tenant pay rent for the new place you bought.. Tenants will probably be in the place you are renting to them for on average about 10 months out of the 12-month year, so you have to plan for it to be vacant for 2 months out of the year..01:13:29
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2 May 2021
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12 May 2021
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14 May 2021
@ff777:nerdsin.spaceFF777Download TIL how to separate scotch tape from paper.mp400:50:29
15 May 2021
@user:nerdsin.spaceu Why didn’t the paper rip when the tape stretched? Witchcraft!?! I gotta try that, thanks 02:05:10
17 May 2021
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