All Forum Posts by: Alex Silang

Not like SUPER famous, but enough that a newspaper might do a background check on my real estate holdings.

I own real estate for a living, so I was wondering what they could look up on me. 

Unfortunately, I own them in my name. 

Address? Eviction court? What else? 

What do you think? I'm trying to balance my allocations.

I was reading how the baby boomers retiring and selling over their portfolios is going to a have a massive effect on equities. Like a annual 2% drop over the long term. 

I was talking to a friend and she brought up that there's going to be a lot of volatility probably over the near term in the stock market. Meanwhile, a lot of the returns of real estate is fixed (Principal paydown, tax benefits, stable rent in many markets)

edited

That's what the deals look like in my area. ~$800k for a triplex. With 25% down, you'll essentially 

breakeven.

BUT

* Approximately $600/mo principal paydown.

* Decent growing area (maybe 3% appreciation). I know that there are some people here (often in the Midwest) that hate to rely on appreciation. Well, anything on the coastal areas have been cruising on counting on appreciation.

* Rent raises

So I've never done this before - when I bought my previous two properties there was decent cashflow from day 1. Any thoughts on a break even property?

That's what the current situation is. Rates are at 7.5%, cap rates in my area 5.5%. 

Sure you get principal paydown but that's fairly low for the first ten years. 

Only thing that can make up for it is appreciation, but I have a hard time penciling in more than 3%. 

Seems the only good deals right now are:

a) value add
b) all cash or significant money down. 

Any thoughts?

Goldman Sachs predicts a 45% chance of recession. But how severe?

Sadly, with tariffs causing inflation, the Fed doesn't have much wiggle room to cut rates like previously. 

Migrants are an important labor supply for home construction and the ICE deportations might affect housing supply. 

I own a rental property and live in Massachusetts. I need umbrella and renter's insurance. It would be nice if I could stay with my current auto and property (rental) insurance. Looking for an independent insurance agent/broker that can help me. Thank you.

@Owen Rosen

I appreciate the quick reply Owen. I've used your contact form and left my phone number. Looking forward to your call. 

So I’ve read that unbrella insurance providers require you to use them for car and home. I am a land lord but don’t own my residence.

What are my options?

So my area has sub 6% cap rates. If I'm borrowing at 7.5%, is that value destruction (unless appreciation is really good)?

Each deal is different of course. But unless you get a value-add property, purchasing real estate really doesn't make much sense in this environment?