All Forum Posts by: Amelia G

If the main concern is turnover, a Realtor with good rental understanding should be able to fill your unit for under a grand on the occasions you have turnover. If you buy or sell a lot of properties through a good Realtor, some will create and/or place your rental listings for free.

0 Votes

Originally posted by @Alexandre Marques dos Santos:

I like the way you think... in part. let me reply the theme in pieces... otherwise we will get nowhere.

1) The money went to banks. banks were reducing Balance Sheet to deleverage. If government did not put money there, they would actually damage even more the economy. government cannot lend to you, so it trust lending to banks it will end on your pockets. it did actually happened.. in part. If government did not lend to banks, banks could reduce even more credit availability. even call back some loans, and this would increase the damage in economy, with some folks being called...

2) you mentioned something very precise. if consumers dont spend the money, inflation will not come out. that in economy is the speed the money circulates in economy. You are absolutely right. you are assuming consumers, will reduce the consumption for some reason. In 2008 it also happened. as crisis hit the market, ppl got scared and stop consuming. as a consequence, the problem was just bigger than just a deleverage problem. When consumers started to see a relief, then they would get back consuming and could off set the situation. if government did not reduce the amount of money, it would propel inflation...

Now the situation started being similar... you are right looking as this way... but we also had a problem with supply. theres a reduction in the supply of many goods... you couldn't buy toilet paper, alcohol , and other stuff... demand for these goods increased and supply reduced... government acted to boost confidence, and consumers seems to have returned. at this point, if the huge amount of money remains, inflation will pop up.

Off course there are other factors. productivity, technological developments, all factors affects as well... but if we discuss each of one, them discussion will have no end... economists always tries to discuss one topic at a time, to see how variable affects the dynamics, and keeps the rest steady state.

Like in the big crisis, money was printed... speed of circulation dropped, but seems to be resuming... so money printing should be squeezed, or inflation will come up...

My thought is that rates will be the last resort. i might be wrong, but there are instruments to dry up the excess of money prior to rates. and that would be more powerful tool than just raise rates... lets see...

take a good care

Reasons the bank bailout did not do what it should have for average Americans:

As a condition of bailout, the government required banks to become less leveraged. One of the main ways they did this was by turning off the credit cards of millions of people. The government also implemented Operation Chokepoint, which denied bank services to a wide swathe of society.

0 Votes

Make sure to have the probate on that researched thoroughly in case the son living there could have a legal claim on the property. Good luck!

2 Votes

Once an investment strategy is known by the average Realtor, that ship has generally sailed. I think investors should know their numbers and offload Realtor tasks to Realtors. Trying to disintermediate the Realtors in an MLS transaction or going all FSBO and off market just makes more work for the investors who then have to fill an entire additional job role. Even with FSBO, I'd recommend the investor have representation.

0 Votes

Originally posted by @Alvin Sylvain:

Originally posted by @Renee Harris:

I see Bitcoin ATMs in the hood now. I was shocked when I saw the first one at a gas station in the hood. Won't be long before they pop up in the liquor stores in the hood.

I have seen those also. I'd be curious to know if anybody has ever actually tried using one.

Every Bitcoin ATM I've used or tried to use had a terrible exchange rate. They generally set fees low for perception but check preev.com on your phone and the exchange rate tells another story. Still generally a better deal than payday check cashing places but not suitable for investors.

1 Vote

Originally posted by @Jeffery Callis:

@Lesley Resnick

As long as we have a federal reserve are with holdings of 7 trillion. Dolla dolla bills are not goin anywhere.

They will continue to print money into oblivion.

FWIW those holdings, almost by definition, aren't able to be all dollars, so I'm not sure I see how those holdings justify creating money way in excess of those holdings. You can see the breakdown at https://www.federalreserve.gov...

0 Votes

Originally posted by @Karl B.:

I would much rather risk getting a few germs on my cash than be at the mercy of a tyrannical government who can freeze a digital bank account whenever they see fit to starve a dissident.

The above is a good argument for crypto. I'd add that simply having a form of money with value decided by people vs. central banks has some hedges against political extremism.

However, anyone who thinks Bitcoin is leaves no trace and is 100% anonymous does not understand blockchain technology.

I have bought waffles and coffee with Bitcoin and I'm always happy to accept payment in Bitcoin.

3 Votes

Why would you not do a 30 year?

2 Votes

I agree that hiring a licensee directly is likely to go best with hourly. I don't know how much your rentals are, so you need to figure what you want them to do and figure what 5% would be and how much time what you want to delegate will take the PM. Then offer an hourly rate based on your estimates. Someone who wants a % is more likely to have an entrepreneurial mindset and feel 5% is a ripoff for being nonstandard, but a decent sounding hourly rate might sound great to a recent licensee. If what you want is very teachable, you could also pay for someone responsible to get licensed.

0 Votes

All Forum Posts by: Amelia G

Amelia G has started 3 posts and replied 30 times.

Post: Whats your thought on eviction moratorium expiring?

Post: Why do I hate rentals!

Post: Is debt the new asset?

Post: Would this be a deal breaker for anyone?

Post: Most real investors should not buy from realtors....

Post: Will Covid kill Cash?

Post: Will Covid kill Cash?

Post: Will Covid kill Cash?

Post: REFI VS CASH-OUT REFI

Post: Property Manager Commission