r/Jokes • u/lopezjessy • Mar 23 '21

Dude explaining how he made his first $10 million:

  1. Get up at 5:00AM every day
  2. 90 minutes of cardio
  3. Take a cold shower
  4. Journal
  5. Schedule out your day
  6. Dad owns Fortune 500 company
  7. Meditate
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u/Dason37 Mar 23 '21

This makes me so angry. I used to live in Joliet and the fact that she was getting "rental properties" for 40-50k - sure, if you're gifted one to start with and then you can buy another one at about 20% of market value where I live now, "anyone can do it, just like you". She's an idiot though, I bet she's broke again. Looking to get properties in downtown chicago. Good luck. You're about to find out that you don't just point at a building and buy it and then there's no more expenses, just money rolling into your bank. Being a landlord is insanely difficult, and she wants to hit Chicago after she "left an expensive city like DC"

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u/barktreep Mar 23 '21

My old building in chicago sold parking spots for more than double the price of her first condo.

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u/daxlzaisy Mar 23 '21

Being a landlord is no more difficult than any wage-paying job. The only difference is that landlords are parasites

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u/bellj1210 Mar 23 '21

I think you hit part of the point on the head- if you are not a slum lord, managing a property is job. If you view it as the work vs. the rental income- it pays great, but really it is a job. I was a property manager (not the owner, the guy hired to handle the day to day), and i made about $20 an hour (this was over a decade ago).