d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Investment & Finance > What To Invest In
12Next
Add Reply New Topic New Poll
Member
Posts: 19,350
Joined: May 20 2010
Gold: 4,537.00
May 15 2023 03:33pm
Lmk
Member
Posts: 9,214
Joined: May 30 2019
Gold: 69.69
Warn: 40%
May 15 2023 03:59pm
1+ year hold, btc/eth/gala are my go to
Member
Posts: 623
Joined: May 11 2023
Gold: 15,084.00
May 15 2023 05:07pm
Quote (SylvesterStallone @ May 15 2023 05:59pm)
1+ year hold, btc/eth/gala are my go to


Gala looks promising
Member
Posts: 29,652
Joined: Feb 28 2008
Gold: 0.69
Warn: 40%
May 15 2023 07:37pm
Real estate in Canada
Rental market is absolutely crazy.
Thinking about renting out my house and moving into a few trailers on my works property or something.
Member
Posts: 623
Joined: May 11 2023
Gold: 15,084.00
May 15 2023 09:23pm
Quote (robbhc @ May 15 2023 09:37pm)
Real estate in Canada
Rental market is absolutely crazy.
Thinking about renting out my house and moving into a few trailers on my works property or something.


ya for renting out is good but buying a house or a condo its the worst time. The price are inflated and the interest is high.
Member
Posts: 29,652
Joined: Feb 28 2008
Gold: 0.69
Warn: 40%
May 16 2023 07:32am
Quote (Psycobone1 @ May 15 2023 08:23pm)
ya for renting out is good but buying a house or a condo its the worst time. The price are inflated and the interest is high.



Well if your mortgage is $3500 for a standard box home with basement suite. That’s inflated to all hell. It would prolly be around 3k but for arguments sake, we’ll say we add 500/ month to start a fix it fund.
Then rent out the top floor for 3000, rent out the basment for 2000.
That would be easily lower rent hoping to get long term, your pick, of the tenants You could also add 500 on both of those to stay even with average market.
All you would need is credit, and 15% down.
It is kinda the tail end of that though. Would still work in sublet towns (anything like 60-45mins from a booming town)
Problem is government taxes capital gains now.. so if you sold or were forced to sell.. you could lose a lot.
Member
Posts: 19,350
Joined: May 20 2010
Gold: 4,537.00
May 16 2023 08:06am
Quote (robbhc @ May 16 2023 08:32am)
Well if your mortgage is $3500 for a standard box home with basement suite. That’s inflated to all hell. It would prolly be around 3k but for arguments sake, we’ll say we add 500/ month to start a fix it fund.
Then rent out the top floor for 3000, rent out the basment for 2000.
That would be easily lower rent hoping to get long term, your pick, of the tenants You could also add 500 on both of those to stay even with average market.
All you would need is credit, and 15% down.
It is kinda the tail end of that though. Would still work in sublet towns (anything like 60-45mins from a booming town)
Problem is government taxes capital gains now.. so if you sold or were forced to sell.. you could lose a lot.


Government on some bs bro
Member
Posts: 623
Joined: May 11 2023
Gold: 15,084.00
May 16 2023 01:08pm
Quote (robbhc @ May 16 2023 09:32am)
Well if your mortgage is $3500 for a standard box home with basement suite. That’s inflated to all hell. It would prolly be around 3k but for arguments sake, we’ll say we add 500/ month to start a fix it fund.
Then rent out the top floor for 3000, rent out the basment for 2000.
That would be easily lower rent hoping to get long term, your pick, of the tenants You could also add 500 on both of those to stay even with average market.
All you would need is credit, and 15% down.
It is kinda the tail end of that though. Would still work in sublet towns (anything like 60-45mins from a booming town)
Problem is government taxes capital gains now.. so if you sold or were forced to sell.. you could lose a lot.


I see your point but forget a standard box, even if i get a duplex with a mortgage 5-6k/monthly there is no way ppl will pay 3k per month for a regular 4 1/2 bedroom. I know this because I was about to move to a top floor 5 1/2 for 1.5k/monthly. The only thing im hoping for is a housing market crash so i can get one fairly cheap and take it on a variable interest rate.
Member
Posts: 29,652
Joined: Feb 28 2008
Gold: 0.69
Warn: 40%
May 16 2023 06:04pm
Quote (Psycobone1 @ May 16 2023 12:08pm)
I see your point but forget a standard box, even if i get a duplex with a mortgage 5-6k/monthly there is no way ppl will pay 3k per month for a regular 4 1/2 bedroom. I know this because I was about to move to a top floor 5 1/2 for 1.5k/monthly. The only thing im hoping for is a housing market crash so i can get one fairly cheap and take it on a variable interest rate.



There’s a rental crisis where I live in bc Canada.
People are paying 2000 to live in a falling down piece of shit 2br condo lol
Member
Posts: 43,027
Joined: May 10 2016
Gold: 5,040.00
May 16 2023 07:28pm
Microsoft seems to be hot right now
Go Back To Investment & Finance Topic List
12Next
Add Reply New Topic New Poll