My Epiphany

[InternationPlayboy]

The only good thing about it is we have top notch care

I wish that were true.

http://www.scientificamerican.com/blog/post.cfm?id=deaths-from-avoidable-medical-error-2009-08-10

More Americans die from medical mistakes than car accidents. The conservative estimate is that 200,000 people die a year from medical errors, making it a #3 killer. That doesn't sound like top notch to me. We pay more and get less.

Heart disease: 616,067
Cancer: 562,875
Stroke (cerebrovascular diseases): 135,952
Chronic lower respiratory diseases: 127,924
Accidents (unintentional injuries): 123,706
Alzheimer's disease: 74,632
Diabetes: 71,382
Influenza and Pneumonia: 52,717
Nephritis, nephrotic syndrome, and nephrosis: 46,448
Septicemia: 34,828

http://www.cdc.gov/nchs/fastats/lcod.htm

Yeah, but have you looked at the stats in other countries as well? I've heard lots of bad things from places in Europe and all sorts of other places. A friend was just telling me today how a friend of his had to fly back to the us when he was in germany because a lot of the equipment didn't look suitable for him and the medicines they gave him were really weak. I know in a lot of places in Latin America no one uses the government medical care systems. I know these places are cheap but the quality can be low and it can take a long time to see the doctor. I feel like a lot of these statistics are from Americans being unhealthy such a diabetes, stroke, heart disease and cancer. A lot of americans as most of us know have a pretty unhealthy diet.

 

[InternationPlayboy]

InternationalPlayboy, are you talking about the South Beach scene or mainland Miami?

Both. I mean mainland Miami can be better, but depends where you are. It seems the further away from downtown and brickell you get the better. I spend most my time on the beach though since that's where I live and I don't have a car.

 

[Anon-A-Moose]

I'm applying for the police now. If I get any of the positions i'm gunning for (I've got a real good chance as they're desperate), $42k salary + some overtime & maybe a takehome car. I live in a ghetto right now, with very few bills, but might live at home. Save tons of money, and, year or two later, buy one low cost property. Rent half or whole of property out, repeat. I might have to take some out in a loan, but not a lot--enough to have my savings or salary cover it.
f I play my cards right, rather than the past 5 years I've had I'll be thirty, have 2 rental properties, and a solid job.

 

[OGNorCal707]

I'm applying for the police now. If I get any of the positions i'm gunning for (I've got a real good chance as they're desperate), $42k salary + some overtime & maybe a takehome car. I live in a ghetto right now, with very few bills, but might live at home. Save tons of money, and, year or two later, buy one low cost property. Rent half or whole of property out, repeat. I might have to take some out in a loan, but not a lot--enough to have my savings or salary cover it.
f I play my cards right, rather than the past 5 years I've had I'll be thirty, have 2 rental properties, and a solid job.

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

 

[Anon-A-Moose]

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

Baltimore. It's about the same as Detroit or Flint, just not quite as bad.

The house next to me is a decent two-story rowhome, and sold for $23,500. Not the down payment, but the actual whole home.

 

[InternationPlayboy]

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

Baltimore. It's about the same as Detroit or Flint, just not quite as bad.

The house next to me is a decent two-story rowhome, and sold for $23,500. Not the down payment, but the actual whole home.

How much could you rent it out for a month?

 

[pitt]

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

Baltimore. It's about the same as Detroit or Flint, just not quite as bad.

The house next to me is a decent two-story rowhome, and sold for $23,500. Not the down payment, but the actual whole home.

How much could you rent it out for a month?

I was going to ask the same question. I am surprised that you can find such cheap homes in the states.

Anon i would appreciate if you could bust a datasheet about Baltimore, there is none on here.

 

[Roosh]

I've heard lots of bad things

I provided some studies and numbers. I think those are superior to anecdotes. If you have links to share I will check them out.

 

[Pepini]

Money can't buy happiness, but it's a good down payment on it.

Interestingly, I have made the opposite decision. As of 2012, my clear priority in life is making money.

I was a former drug trafficker who had loads of money and women at one point. Things happened, times changed, and ever since I served my time I've worked my ass off in school, work, and with game. Work and game are the hard way, my friends. I don't enjoy it. I want what I once had. I was a king.

For the millionth time in my life I am climbing another steep mountain. Hopefully, my last.

I made the same decision this year. People who say money is the root of all evil don´t have it. Money will give you freedom.

I´m networking heavily on Angola. If evertyhing goes acording to plan I might post some info.

My primary choice was Brazil. But it´s much more closed market.

Angola is making their first steps in legislation concerning investments, etc, etc.

Anyway as for prices of houses in Brazil check this site (I´m the lawyer of this real estate in Portugal):

http://www.remax.com.br/Default.aspx?Lang=en-US

 

[Dash Global]

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

Baltimore. It's about the same as Detroit or Flint, just not quite as bad.

The house next to me is a decent two-story rowhome, and sold for $23,500. Not the down payment, but the actual whole home.

How much could you rent it out for a month?

I was going to ask the same question. I am surprised that you can find such cheap homes in the states.

Anon i would appreciate if you could bust a datasheet about Baltimore, there is none on here.

This is a great time to purchase properties. There is nice apartments and townhouses that can be had for 80K in my city and much cheaper if it needs renovations.

Put a decent down payment on a 30 yr fixed and you can rent it out for well over the monthly mortgage.

 

[_DC_]

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

Baltimore. It's about the same as Detroit or Flint, just not quite as bad.

The house next to me is a decent two-story rowhome, and sold for $23,500. Not the down payment, but the actual whole home.

How much could you rent it out for a month?

I was going to ask the same question. I am surprised that you can find such cheap homes in the states.

Anon i would appreciate if you could bust a datasheet about Baltimore, there is none on here.

This is a great time to purchase properties. There is nice apartments and townhouses that can be had for 80K in my city and much cheaper if it needs renovations.

Put a decent down payment on a 30 yr fixed and you can rent it out for well over the monthly mortgage.

Is there anyway to do this as purely an investor? If I pay a manager (I hear the going rate is 10% or rent) to fix the toilets, replace bulbs, collect the rent etc. Can I rent a house in Detroit or Baltimore and never ever have to see it more than once?

Are there any particular cities which would be best to buy a property? I'd want to buy something as is for more and not have to worry about renovations.

On pure whim I feel like Baltimore could see an upswing. Detroit just seems like its going to suck forever and never come back.

 

[thegmanifesto]

Yeah good luck with that unless you're buying properties in Detroit or Flint, Michigan.

Baltimore. It's about the same as Detroit or Flint, just not quite as bad.

The house next to me is a decent two-story rowhome, and sold for $23,500. Not the down payment, but the actual whole home.

It is pretty amazing how America in many places is now cheaper than the third world.

It's too bad so much of America sucks so bad.

Actually, I guess the prices do make sense.

 

[Dash Global]

Is there anyway to do this as purely an investor? If I pay a manager (I hear the going rate is 10% or rent) to fix the toilets, replace bulbs, collect the rent etc. Can I rent a house in Detroit or Baltimore and never ever have to see it more than once?

Are there any particular cities which would be best to buy a property? I'd want to buy something as is for more and not have to worry about renovations.

On pure whim I feel like Baltimore could see an upswing. Detroit just seems like its going to suck forever and never come back.

Ovcourse.

You will need a property manager if you will not be around to manage and fix what ever problems arise.

You need to check rental prices to see where you will get the most value.

Military and college towns are GREAT imo as there is a steady endless supply of people needing to rent.

 

[Anon-A-Moose]

Baltimore is stuck. Baltimore is very good IF you can find GOOD tenants. That $23.5k purchase can, as a split, probably pull close to 30%+ annual return if well-managed; usually that'd rent for around a thousand a month total. However, about 80% of people who go into Baltimore buy a house for much more (40k-80k), rent to druggies, then get ripped off by contractors or go with ultra-low-cost "contractors" who fuck up more than they fix. I'm in an unusual position in that I know several people with good long-term rent histories, fairly stable income, and my roommate is an out-of-work GC (I used to work with him until stuff really deadened), who does it cheap and makes it last.
Our home is a three-story, with us taking all utilities and all repairs, materials costs, and liabilities, is a shithole of an apt, and is still 850/mo plus utilities. I think it was offered for sale for $40k a year ago. But renting to an area full of druggies is very difficult.