Posted this on the regular board but got minimal replys
I know alot of cats are financially set, well ur boy tryin to get there myself. I kow alot of peeps ( like my boy ) who refinanced thier house & got like $120,000 & the first thang they did was go buy a brand new SUV with rims & beat, go shopping & buy clothes, make a lil bit of home improvements. All that is nice but damn that. Well I had $260,000 in equity & I recently refinanced & pulled out $140,000. First thang I did was drive out to a spot out here in Cali ( Lancaster ) where you can still get home for decent prices ( atleast in the Cali perspective ) & I put bids in on 4 homes & Im getting all 4 with 100% financing so basically all I have to do is pay closing cost. Then I know ima have to cover 5 morgage payments for a couple months till I get renters for them & 3 out of the four just need interior paint. Now heres my question, whens its all said & done Ima probally be left with $90,000 after everythang has been paid for & I own all 4 homes with renters covering my mortgage payment. I told my girl that in 2-3 years when I take the equity out of all four homes that I want to open up my own strip club cause aint no down time in a strip club & the maintnence is very minimal. Just buy some coo lighting, a nice DJ set up & & a shiny ass pole & we're in tha game. If yall had some cheese stacked up what would be your next move? Whats a real good investment to hop in with a nice lump sum of money? As yall se I have my own mixtape website as well as my own clothing website which is www.gentlemensdepot.com but I also do Real Estate apprasials & home loans BUT im not experienced in the investment side so I'm just asking for some advice & of cats who have been there & done that or know someone who does.
I know alot of cats are financially set, well ur boy tryin to get there myself. I kow alot of peeps ( like my boy ) who refinanced thier house & got like $120,000 & the first thang they did was go buy a brand new SUV with rims & beat, go shopping & buy clothes, make a lil bit of home improvements. All that is nice but damn that. Well I had $260,000 in equity & I recently refinanced & pulled out $140,000. First thang I did was drive out to a spot out here in Cali ( Lancaster ) where you can still get home for decent prices ( atleast in the Cali perspective ) & I put bids in on 4 homes & Im getting all 4 with 100% financing so basically all I have to do is pay closing cost. Then I know ima have to cover 5 morgage payments for a couple months till I get renters for them & 3 out of the four just need interior paint. Now heres my question, whens its all said & done Ima probally be left with $90,000 after everythang has been paid for & I own all 4 homes with renters covering my mortgage payment. I told my girl that in 2-3 years when I take the equity out of all four homes that I want to open up my own strip club cause aint no down time in a strip club & the maintnence is very minimal. Just buy some coo lighting, a nice DJ set up & & a shiny ass pole & we're in tha game. If yall had some cheese stacked up what would be your next move? Whats a real good investment to hop in with a nice lump sum of money? As yall se I have my own mixtape website as well as my own clothing website which is www.gentlemensdepot.com but I also do Real Estate apprasials & home loans BUT im not experienced in the investment side so I'm just asking for some advice & of cats who have been there & done that or know someone who does.