All Forum Posts by: Brian Lacey

Disclaimer: I have full sleeves, chest and back tattooed.

If you're worried about gang tattoos...probably not the best neighborhood to own a property. And if you do, you better understand the colors of the gang, tattoos, and markings. All info I'm sure the local Police would be willing to share with you.

That being said, it's something like ⅓ Americans now have at least 1 tattoo, and something around 2/5 millennials have one, don't quote me on that one, but I believe I'm fairly accurate in my recollection.

Echoing what others previously said, still more important factors that will be a deal breaker other than tattoos.

 Fiat currency is here to stay. Countries have found that they are way too easy, and addictive. Just an instant boom to a country's economy. 

I get my daily Rickards email haha. Peter Schiff is a good macro US guy as well. I'm a contrarian, so all this fits my own personal beliefs, which I have a feeling most of us on this thread are in line with those sentiments or have that gut feeling it's the case.

All fun to watch. Real Estate been around for quite some time, so it's not going anywhere.

@James B. mind you, this has never happened so it's all heresay & theory. 

In a negative rate interest environment, a 30 fixed year ought to be around 2-2.5 if not lower. The Fed was at 0-.25%, & interest was around 3-4%. But again, the US never has had NIRP, or a deflationary cycle/readjustment, so who knows all this will play out. 

One thing is for certain don't underestimate the government's & Fed's ability to keep this nonsense going. They'll inject more money into the economy, no different than giving a dying drug addict more drugs to keep them alive. 

 Expenses would drop along with income (rent), but that income would decrease. I would think everything would still be proportionate.  All of a sudden, some properties may not be able to cash flow because of the decrease in rent, but there P&I would remain the same, but taxes who knows, & insurance would decrease as well. 

Possibly a "House Hack" with an FHA loan. I imagine some areas of Chicago are fairly affordable. If you can find a tenant, they live in one part of the duplex (triplex or fourplex), and you live in the other. Self manage the place yourself. A good deal ought to give you some cash flow, and cover all your expenses for the property.

In tandem with that, I'd go after as much education as possible online.

Here's a curve ball for everyone, and one that no one has ever experienced. A global deflation in currency. 

A weak dollar, means prices and wages come down. Rents would follow, I imagine.

@Jason V. I'm out in Korea teaching English. Partners and I are trying to pick a market for us to invest in, and get back stateside.

Engelo Rumora, king of RE in Toledo. Look him up, he's on BP as well.

http://www.businessinsider.com/rams-inglewood-stad...

I'll vote for Inglewood.

 Agreed. That's really the ultimate goal. To truly systemize, put your investments and business on auto-pilot.