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Hi Guys, I am 5.5 years Java Developer and I have offer from JPMorgan Chase and Walmart .
Jpmc: 50% on current fixed + jpmc benefits Walmrat: 50% on current fixed + yearly bonus + stocks.
Please help me choose which will be better, mainly looking for brand value, work life balance and yearly hikes.
How’s everyone doing?
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There's no such thing as an easy obvious way to get rich quick
Landlording is not passive income, you have to work for your money and section 8 tenants are statistically more likely to give you problems than those who don't need those programs.
Thanks all 🙏🏻 I just really want to buy real estate and I’m picky about tenants because nobody treats your house like you do. People just see it as temporary and treat it badly, and I know I have to pay for that. Sounds like it’s not my gig.
You’re better off investing in S&P500. Similar returns and no work
I invest in Section 8 through syndications. I have a friend that brings me and a few others deals, we fund the deal, and my friend manages everything from reno, registration, leasing, pm, etc. at a 60/40 profit split (investors get 60%). Year to date we’re at ~18% cash on cash return. I like this because I’m 100% hands off and can further diversify income streams.
Pretty sure all those side hustle videos are bs (even if they sound convincing)
Real estate isnt hands off/set it and forget it. As the landlord, youre on the hook for all repairs.
If youre not handy then you'll need trusted contractors, or hire a management company to take care of it for a % of the rent.
I have 1 rental property (60 year old duplex/2 family house) and its a constant headache. Once in, tenants are nearly impossible to evict. Its often cheaper to cut losses and incentivize them to move on if you have a bad tenant.
I now work with local real estate agents, set income minimums, and run credit checks on all potential tenants. Id never consider doing section 8.
Why will you lose in section 8 case? I think that you are confusing low income with section 8. In section8, the rents are guaranteed by the state government. And the tenants are (generally) nicer because once they messed up, they may not be eligible for the program in future.
I have a buddy that does Section 8 housing in SE DC. He loves it. He has 3 houses, all housing grandmothers, with grandkids in and out all the time. Most of the grandkids are gang bangers while the grandmothers are very sweet old women. The women move in, always have the rent check on time, and no issues. He doesn't like interacting with the grandkids but it does happen once in awhile when picking up the check. the houses look pretty terrible tho....
I can give you my example I’m not in section 8 tenant but I am purchasing properties or duplexes under 100 K on Ohio and I have a mixed experience so far. Mortgage is quite low, so the cash flow is nice but a lot of times these tenants will not pay and you will have to evict them and I have evicted three tenants so far and it was not bad at all.
I’m managing myself and I think I’m doing a good job with my property could use somewhere
If ppl are making social media posts about how great a certain investing angle or side hustle is, it's instantly sus. If it's truly great they would keep it to themselves.
Subject Expert
It doesn't sound simple at all unless you are hearing about it from blatantly misleading sources.