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I just got a 300k check. There are 5 condos in my area that are

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I just got a 300k check. There are 5 condos in my area that are ~~300k each. Would it be retarded to put 20% down on 5 of them and rent them out? I have savings so this money isn't that important to me
>>
It would be far easier to just dump 50k into a stock like NAVB or any other meme stock then sell for small profit within a week. Average down with another 50k if it continues to dip.

Buy 50k stocks for $1
Stock goes up 5 cents
Sell at $1.05
Profit .05 * 50k = $2,500

Can do it in the nude wearing nothing but a pair of shades, while eating cheetos off the belly of a cute wasted 17yr old money hungry slut.
>>
>>1503537
>Buy 50k stocks for $1
>buying a stock which is on the verge of being delisted
what could go wrong
>>
>>1503518
>Would it be retarded to put 20% down on 5 of them and rent them out?
yeah, you need some operating capital and savings for the inevitable problems and vacancies that will come up.

Maybe put half of your money into real estate and hold the rest at least until you've got reliable cash flow and some idea what the costs will be.
>>
>>1503518
That would be a risky fucking endeavor. Remember, when you own rental properties, you have a job. For each month a property goes without a tenant, you lose both potential income and whatever mortgage you have to pay. Tenants are people. People damage things, and you won't believe just how much damage they can cause (especially.. poorer tenants).

So yes, it would be pretty fucking retarded to put 20% down on 5 condos, even assuming you can afford to pay down the mortgages without tenants.
>>
>>1503518
Buy 500 bitcoin.
Wait 1 month
You just made 200k
In a month
Congrats
>>
I am going to do something similar but I'm not going to do it as hard as you.. I'm gonna buy 1 condo and I have like $60k saved. I also am living at my parents house atm. Lol
>>
Do it but only if you can rent them out for 3k per month. One percent, remember!
>>
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>>1503537
or maybe just put it all on red.

>>1503568
Depends on where OP is living.
But if its a safe city where you dont have problems finding people who rents.
And they are generally white people, not european gypsys or american niggers who steal your copper wire and dont pay rent it should be okay.

So rather buy 4 and use the left over money as reserve.
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