All Forum Posts by: Chris John

@Scott Trench

Interesting.  Thanks for the response.  I guess it's all regional and depends on which month in 2021.  We bought ours for $380k at around 3.5%.  They're probably $450K or so now with whatever rates are.  I'm guessing 7-8%...

Quote from @Scott Trench:

If it's not time to buy right now, when is buy time? It's certainly a better time to buy than 2021, at least in multifamily!

Can I ask your reasoning for this statement?  In 2021 we bought several 4plexes that cashflowed easily at 25% down.  I'm not seeing those deals right now...  Thanks

Hey all

I'm curious.  I would most likely never invest in a syndication, but it seems like this would be a great opportunity to "buy low" based on all of the failed ones I'm seeing. 

Are today's syndicators that are buying yesterday's failures getting good deals?  Or are interest rates, rents, etc. still out of whack and making profiting difficult assuming now as time zero?  Or, are the failed projects going to kingmade investors that have "special" relationships with the lending banks? 

I'm just curious to know how these failed deals will eventually unroll.  Thanks.

Quote from @Jonathan Greene:

Quote from @Chris John:

I was trying to ignore this ridiculous thread, but against my better judgement, I'll bite. 

@Jonathan Greene

You seem like a "Mom of the Road" type that completely ignores the concept of a fast lane, goes 60, and makes the world go around you because you're going "fast enough already". 

At what point did anyone ask for the coaching advice that you doled out on this thread?

Huh? I think you should have trusted your better judgment. The "Mom of the Road" reference doesn't make any sense, but thanks for weighing in.

Since you asked, countless people I know have been complaining about this for a long time.

And as usual, the guy who hops into the chat 5 pages in never has a profile photo. If you read the chat, there are very few people who disagree with me, so what was your hope in unfurling your two cents here? I am open to it, but I don't have a clue what you are talking about.

Most advice that people need, they don't ask for because they can't see the forest for the trees.

Cool.  I'll spell it out for you then.  "Moms of the road" interject themselves into society where they're not wanted or needed by being the "boss" of people that don't need one.  That's what you did with this thread.  You could've ignored everything with Columbus on it, but chose to take the lead instead (as if you were slowing down the fast lane because it wasn't to your liking).

Bully for you that "countless" people agree with you.  Let's be honest though, "countless" could also be called "ones and ones".

As for my anonymity, what difference would that make?  I'm not trying to sell anything and have lived through the last several years of people being doxxed for innocuous comments that society has suddenly deemed unacceptable.  Call it what you want, I call it common sense.

I'd love to keep arguing, but I've gotta go hire a few dozen people so that I can fire them and then blame them for it.  Cheers.

I was trying to ignore this ridiculous thread, but against my better judgement, I'll bite. 

@Jonathan Greene

You seem like a "Mom of the Road" type that completely ignores the concept of a fast lane, goes 60, and makes the world go around you because you're going "fast enough already". 

At what point did anyone ask for the coaching advice that you doled out on this thread?

While I've definitely made more in appreciation than I have in cashflow, I don't mind knowing that my properties pay for themselves and I also don't mind the extra $5-15k every month.  I'm more than fine with cashflow...

Quote from @Cory St. Esprit:

Hardly a progressive but OK and not sure why you're saying I'm being unkind. The OP literally said they're doing illegal things, so I feel zero remorse when folks willingly break the law and then get in trouble. I'm hardly a jerk and I'm hardly trolling. If they didn't want advice, they wouldn't put it on an open forum for the public to judge. 

 Fair enough.  I apologize for calling you a progressive. 

Having said that, in terms of willingly breaking the law, I'll leave you with this excerpt from Ayn Rand's fabulous Atlas Shrugged and the suggestion that you never give them your guilt, for they will assuredly wield it against you:

"Did you really think we want those laws observed?" said Dr. Ferris. "We
want them to be broken. You'd better get it straight that it's not a
bunch of boy scouts you're up against... We're after power and we mean
it... There's no way to rule innocent men. The only power any government
has is the power to crack down on criminals. Well, when there aren't
enough criminals one makes them. One declares so many things to be a
crime that it becomes impossible for men to live without breaking laws.
Who wants a nation of law-abiding citizens? What's there in that for
anyone? But just pass the kind of laws that can neither be observed nor
enforced or objectively interpreted – and you create a nation of
law-breakers – and then you cash in on guilt. Now that's the system, Mr.
Rearden, that's the game, and once you understand it, you'll be
much easier to deal with.

Quote from @Cory St. Esprit:

All I'm reading is "did illegal stuff and got caught..."

Why not just do better?

Ah yes, "do better".  The siren song of the progressive.  Why don't you "do better" and be kind to Internet strangers instead of leaving them condescending messages?   Or is it that you only want to weaponize the phrase and don't care if people (including yourself) actually do it?

As you can see, I have no interesting in "doing better" myself...

Quote from @Paul Azad:

It is not whining for BP members to complain about a complete loss of capital and a former BP Darling Marco the turn-key real estate expert from going RadioShack-silent for a month.

I know this is a serious conversation, but this made me laugh and I feel like it's an underrated comment.

@Emory Clayton

We're on our 2nd set of tenants.  It's my former owner occ.  Great house in a great neighborhood, so as long as the tenants keep it up, we're friendly with the rates.  I'm more worried about keeping my former neighbors happy than I am about getting an extra $100-200/mo.