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I RENT to MILLENNIAL IDIOTS who think home ownership is STUPID....
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Original Message
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Own 3 villa style units in the same complex, all bought individually for about $50-60k and paid in full by rolling the rent payments into the mortgage payments over the course of about 10-12 years. Now, two month's rent payments on each pay for the property taxes, maintenance fees and insurance and all the rest is profit, to the tune of about $2400/month, which has allowed me to scale my self-employment down to part time and set my own schedule. Meanwhile all three properties have appreciated in value since I've owned them. The first one I paid $50k for could easily be sold for $65k now and the most recent one, which has a second bathroom would fetch $75. All of these units are currently being rented by millennials who, in casual conversation, tell me how much they like to rent because they think it is stupid to own a house and that they never will. They all work menial service jobs here and there and are always complaining about not having any money. Meanwhile, they are making me a small fortune. People often talk about how stupid and out of touch with the real world that millenials are but there are certainly ways to profit from their stupidity, which I strongly encourage.
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