Staying Home With Your Parents While You Work & Own A Rental House

[fuc_i_look_like]

I personally could never do it because I value having my own space over the money saved by NOT having my own space. But if you can do it, do it.

.

This 100%. I'd rather pay the extra $ than live with other ppl. And im damn sure aint sharing a crib wit my parents as an adult.

 

[Kat]

How could yall ask y'all children rent??

If your child doesn't know they need to contribute to their own well being by the time they are working, you failed and it's too late to be having them pay rent....

Yall niggas wanna birth cash cow/slaves....

If you a grown ass person in my house you will be paying rent, whether I birthed you or not.

I don't think that's too much to ask, especially if the "child" isn't a full time student.

Paying rent defeats the whole reason for staying at home asking them to pay a utility bill is fine but rent??? why the fuck would your child stay.

Then again You have a horrible relationship with your mother so odds are you are going to have a horrible one with your daughter so i am not surprised you would say something like this

Rent doesn't necessarily mean they wouldn't be saving money. Obviously it would be a discounted amount. My point is ain't no adult living with me for free.

And I have a lovely relationship with my mother, thank you.

Least mine never tied me to a tree overnight, so I see you just as psycho as your crazy ass daddy.

 

[willhustle]

Hilarious! You can live at home like a child, but eventually you want some grown up adult company to play with. That's why the t/s asked his girl if she's cool with it. She says yes now but one day she's going to encounter an uncomfortable situation with the dad or worse the mother (it IS worse) and then the clock starts ticking. Soon he will be stuck entertaining women who actually don't mind if you use grocery bags as a condom. Living with mom and dad is a big red flag to women for a reason. But, hey maybe female companionship isn't important.

But you know it is..

Yeah you got a point about that, but here's where priorities come into play. If I'm thinking with common sense and from a logically perspective, would it be smart to stay at home at w/parents stack money (contribute to the household) go to school while trying to put yourself in a better position for the future or should a person who knows their not in a position where they can afford $800-1000+ in monthly rent (plus paying utilities), pay for car note/insurance (maintenance), & groceries struggling like hell to live worried about impressing women.

Far as I'm concerned women are expendable and should be the least of any struggling man's worries. I call it prioritizing.

The Future vs Chasing after Women

 

[YC11]

With all that money saved... if situated in a bigger net worth in the future, you can get a better woman than whoever those other women were, complaining about you living with parents in the first place...

Money equals power, power equals freedom... and with that I'll be so much more relaxed than many dudes my age still struggling 10 years from now. I'm already reaping the benefit of the frugal savings I've done ever since I was 14 years old. This is gonna put me in a certain bracket, once I reach that goal.

 

[StillFaggyAF]

its a cultural thing

i know mad asians thats stack money and live with their parents until their late 20s or until they get married

 

[zzombie]

How could yall ask y'all children rent??

If your child doesn't know they need to contribute to their own well being by the time they are working, you failed and it's too late to be having them pay rent....

Yall niggas wanna birth cash cow/slaves....

If you a grown ass person in my house you will be paying rent, whether I birthed you or not.

I don't think that's too much to ask, especially if the "child" isn't a full time student.

Paying rent defeats the whole reason for staying at home asking them to pay a utility bill is fine but rent??? why the fuck would your child stay.

Then again You have a horrible relationship with your mother so odds are you are going to have a horrible one with your daughter so i am not surprised you would say something like this

Rent doesn't necessarily mean they wouldn't be saving money. Obviously it would be a discounted amount. My point is ain't no adult living with me for free.

And I have a lovely relationship with my mother, thank you.

Least mine never tied me to a tree overnight, so I see you just as psycho as your crazy ass daddy.

If my father wasn't as hard on me as he was I would have probably ended up a total sociopath. Children should be allowed to live with their parents as long as necessary. Period. All that should be required for them to stay is some ambition. There should be no age limit anyone who forces there children out before they are ready Is a horrible parent. I'm not having my son eating cereal and ramen struggling living in a fuck roach apartment Just because he turned 23 and has nowhere to go or doesn't have a good paying job

From what you've said in other threads about your mother I wouldn't call that a good relationship at all.

 

[aneed123]

its a cultural thing

i know mad asians thats stack money and live with their parents until their late 20s or until they get married

Indians Asians Mexicans Africans all do this.... While pooling income and stacking bread. They still get bitches. Its niggas and western culture that promotes the bullshit where folk go broke trying to impress the next person.

 

[willhustle]

its a cultural thing

i know mad asians thats stack money and live with their parents until their late 20s or until they get married

Indians Asians Mexicans Africans all do this.... While pooling income and stacking bread. They still get bitches. Its niggas and western culture that promotes the bullshit where folk go broke trying to impress the next person.

Thank you but that's why we as black folks can't get anywhere because like you said we or our cousins shall I say are always finding ways to keep the next person down or putting them down. Sad state of affairs.

 

[Kat]

How could yall ask y'all children rent??

If your child doesn't know they need to contribute to their own well being by the time they are working, you failed and it's too late to be having them pay rent....

Yall niggas wanna birth cash cow/slaves....

If you a grown ass person in my house you will be paying rent, whether I birthed you or not.

I don't think that's too much to ask, especially if the "child" isn't a full time student.

Paying rent defeats the whole reason for staying at home asking them to pay a utility bill is fine but rent??? why the fuck would your child stay.

Then again You have a horrible relationship with your mother so odds are you are going to have a horrible one with your daughter so i am not surprised you would say something like this

Rent doesn't necessarily mean they wouldn't be saving money. Obviously it would be a discounted amount. My point is ain't no adult living with me for free.

And I have a lovely relationship with my mother, thank you.

Least mine never tied me to a tree overnight, so I see you just as psycho as your crazy ass daddy.

If my father wasn't as hard on me as he was I would have probably ended up a total sociopath. Children should be allowed to live with their parents as long as necessary. Period. All that should be required for them to stay is some ambition. There should be no age limit anyone who forces there children out before they are ready Is a horrible parent. I'm not having my son eating cereal and ramen struggling living in a fuck roach apartment Just because he turned 23 and has nowhere to go or doesn't have a good paying job

From what you've said in other threads about your mother I wouldn't call that a good relationship at all.

You got me fucked up with someone else..I love my mother.

 

[mrrealone]

Shood, if its saving you money that's what counts and it seems like you got something mapped out so the by the next few years, you will be made.......

I really really wish I would've had the knowledge about living in a storage unit or storage facility when I was in college cause I was dead broke. Personally, I'd do that before I thought about moving back in w/ my parents. Not too long ago, some dude got fame cause he got truck or something and was living in the back of it and it was only like 100 something sq ft. Saved nearly 90% of his income too. I'd do that too if it came down to it, even while I was attending. I would've saved so much money rather than throwing it away on an apartment. As long as you got an agenda to not be living w/ moms forever then go for it. And yes, if you are moving back in w/ the parents or have already moved back in, take care of something for them. Take care of a few bills here and there or just buy them something they already are in need of......

 

[numbaz...80's baby]

Your too old to be worried about what other people think

Exactly. I've seen these type of threads done over & over again and it still confuses me why folks are worried about others who live at home with their parents after certain age. Some have to come back because a parent or both become ill, some come back due to hard times & job loss. I can understand if you're 20-30 something and sitting on your ass at home doing nothing in life and not putting in towards household contributions... then yeah that's a problem. No one is responsible or accountable for a family member 18+.

For people in this thread saying someone is a loser for still living at home are losers. I think have valid point to a degree but are also arrogant in their thinking. It's one thing to live at home with parents past 18 as long as you have a plan or going to school/work. Sitting on your ass and doing absolutely nothing at home with no goals, not going to school, or job yeah LOSER!

Well said

 

[Will Munny]

As long as kid is working to improve themself I would never charge rent.

If they ain't doing shit and ain't got no job, they better like the military.

 

[Lou Cypher]

I wanna live with my parents too. Shit if you're making good money and saving ain't nothing to be embarassed about. It'd only be embarassing if you were out partying all the time and blowing your money.

 

[2stepz_ahead]

I wanna live with my parents too. Shit if you're making good money and saving ain't nothing to be embarassed about. It'd only be embarassing if you were out partying all the time and blowing your money.

how much you spend on six

 

[The Divine Visitor]

Loser. No way around it. If you don't pay some type of rent, then double loser. You plan on flushing the toilet? Showering? Eating or cooking? Turning on the lights? Living for free is for kids only.

Yeah female opinions really shouldn't count when it comes to financial decisions. They are shallow, emotional, materialistic and don't have to work as hard as men do to attain the same results.

Women also tend to get shit for free just because they're women.....it's almost like....they're large children hmmm.

But seriously anyone that has a problem with your lifestyle ....

And if your girl develops a problem with it, FUCK HER TOO!

Asian and Indian families stay with plans like yours. I know an Indian family that lives in their grandparents house. Grandfather and father are mechanics. Grandmother works part time, wife stays home and takes care of kids. They stay traveling when the kids get off from school.

Remember what Hov said, "Nobody built like you. You design ya self"

 

[not_osirus_jenkins]

@Yc11 why don't you refinance after 6 months and pull %80 to speed things up?

Say you're doing 10k down on a wrap mortgage for property at 150k, 15 yr with a balloon at 5. Refinance after 6 months. Buy more properties. Rinse and repeat. You'll always have the capital because of the refinancing. And the passive income expounds everytime you refinance. In 2 years it's realistic to have 34 properties each with a monthly income of at least a grand (if multiplexs) per. That's 34k a month before taxes and maintenance. Becoming wealthy is pretty easy if you know what you're doing.

 

[soul rattler]

Niggas in they parents' basement reading this thread like

 

[dalyricalbandit]

in the words of DMX "Do You"

 

[not_osirus_jenkins]

@Yc11 why don't you refinance after 6 months and pull %80 to speed things up?

Say you're doing 10k down on a wrap mortgage for property at 150k, 15 yr with a balloon at 5. Refinance after 6 months. Buy more properties. Rinse and repeat. You'll always have the capital because of the refinancing. And the passive income expounds everytime you refinance. In 2 years it's realistic to have 34 properties each with a monthly income of at least a grand (if multiplexs) per. That's 34k a month before taxes and maintenance. Becoming wealthy is pretty easy if you know what you're doing.

Very clever but mortgage laws changed a lot in Canada after 2011. If you have more than 2 properties they tighten the restrictions to get another mortgage. There's a real estate bubble in Canada so they changed the laws to prevent people from damaging themselves and the economy trying to get a bunch of houses racking up mortgage debt thinking interest rates will stay low forever .

Part of what you said is why I stay bigging up the USA. Yall got all the good shit man I swear.... They're too strict in Canada and don't promote entrepreneurship the way America does. Our government coddles our companies too much SMMFH. The best Canadian companies cannot hang with the top 20-30 percentile in America. It's like yall have 10x better and bigger variations of our best companies.

Same for us as far as how many mortgages a single person can have. All of mine are under my business name. So I can accumulate however many I can handle. And it's all done through one bank so the relationship is there. Now they have been trying to stifle my refinance methods and keeping me from doing it so early in the financing but I always tell them ill take my business elswhere. Push comes to shove ill sell partial notes if need be. The long term of that sucks but the short term, it's hard to find anything better @Sion.

 

[CEOFABRIC]

If I could have done that I would have. I preach this now to my family members that are still underage/young adults. I plan on allowing my children to stay home until they are ready to move not force them out or force them to pay me rent either. Let them stack, pay a light bill and live life. So many of us rush to be adults and it forces us back more than helps us move forward.