Houston Crosta
π€ SpeakerAppearances Over Time
Podcast Appearances
Like let's say here in Vegas, they're probably making, you know, dealers, I would say make between 80 and 120,000 a year, depending on the properties they work at, because there's a lot of it's tips.
Right.
And I think this new law where they don't tax tips is going to help them.
Right.
Cause that's like a huge bonus and not paying tax on that.
But at $120,000 a year, I mean, you really net like two grand a week.
How could you pay a $4,500 mortgage?
And where do you get the $150,000 to put down?
How could you, as making $120,000 a year, save $150,000 to put down?
I still feel like you need the actual money, right?
And you got to earn that money, right?
Because if you go 3.5% down FHA, you're paying mortgage insurance, which raises your payment, you know?
I don't know.
I think the ultimate thing is that everybody's getting squeezed quick, right?
Really quick.
And so quick that...
It's it's no substitute that the hedge funds are buying up all of the single family homes and turning them all into rentals.
Yeah.
I mean, all the big hedge funds are.
I mean, I would do it, too.