All Forum Posts by: Account Closed

Originally posted by @Steve K.:

Hi Steve- How you took my post as disrespecting @Jay Hinrichs is confusing- I agree 100% with his post sir. I am actually modeling my change in strategy to his i.e new construction etc and moving to higher appreciation markets and new construction vs my old strategy. Please relax. In terms of all caps- the App on iPhone gets a glitch every now and then lol. And makes my caps sticky etc.

Have a good day sir. 

@Dylan Mathias @Jay Hinrichs There are so many ways to WIN in real estate and that is the beauty of it. To say the market is looking like 2007 may be true- but hopefully you are not using it as an excuse to sit on your *** because “deals” are getting harder to find according to last yrs standards. I have dealt in lower end rentals and don’t feel the returns are as impressive or as ”sexy” as buying in higher appreciating area’s. I.e Bought 3 houses in Vallejo CA in 2011 and nearly doubled in value in 6 yrs when we sold. no pain in the A++ tenants, no housing etc. Lower end midwest units—- every month were issues, frozen pipes etc. PICK YOUR POISON--- PLAY YOUR GAME. I AM GOING BACK TO A HIGHER APPRECIATION AND NEW CONSTRUCTION STRATEGY. FITS ME BETTER. BUT--- MAY NOT BE THE BEST FOR MOST.

@Luc Boiron @Jay Hinrichs 100k split 2 ways--- 50k each, after Canadian Taxes--- 30K? I'd rather stack groceries then deal with that amount of risk for that low of money. Unless you are the "Enjoy the journey" type of guy. 

This has been my problem in the past--- finally learned to include the "tax, risk, and time" value into the equation. Changed my world. 

Lets put it this way--- I bought a case of Don for about 120 a bottle earlier this year. I went back to buy another case and it was 200 a bottle and I had to special order from the store... Think what you want--- but it is definitely a good time to sell in my opinion. 

This post has me fired up! Awesome stuff pal. 

Want to get from A to Z faster?? Partner up! Don't go it alone. 

@Lauren Gomez God be with you.

Someone Flag This Please- Your messaging section in the app— Doesn’t have a “Sent” Section. How can I see what messages I have sent out? Inbox-Junk-Sent typical messaging etc.

@Bill Goodland If I were in your shoes I'd be focusing a little more on career aspirations and that growth will likely drive your income (and ability to invest that income) for the foreseeable future. Picking Midland over San Antonio (to choose random places in Texas) might give you a hypothetical 12% cash-on-cash return vs. 8% but what does that really amount it on an annual basis? If you put $20K down it's basically an $800 per year difference. Or, when looking at your "day job" it's 38 cents per hour. So if San Antonio jobs in your field are $25 per hour and in Midland they are $22 per hour...well...you get my point. When you're starting out and going to have a W2 position for the foreseeable future I'd optimize around that. That gives you the capital to fund your real estate acquisitions that should give you your financial freedom sooner.

@Andrew Johnson I couldn't agree more. I have investors in my market bragging about cashflow but their day job salaries are half of what they would be making somewhere else. You have to REALLY look at your opportunity cost. 

@Patrick Hall $150 is insane for simple construction—- is it the permitting cost that are the issue? Please explain

@Ben Chapman I run a PM Company and can honestly say—/ PM Software updating process is a NIGHTMARE! But- not getting you an agreement etc that is kind of odd- especially if you have asked for it. In terms of pricing for PM- in my market I am the most expensive but I have the most leasing agents, techs you name it. Better value. 1-2% is not enough to sweat it. And just another thing- buying turn-key isn’t all its cracked up to be. Buying at retail and hoping for appreciation? I would rather you just buying in Tuscon, I was there shopping deals in June- def a Build-to-rent market!