All Forum Posts by: Chris John

@Emory Clayton

I've shown my tenants how to use it (if necessary) and let them enjoy it.  I have mine on right now.  So great for cool nights.  Anyway, I've had no problems with it over the past 12 years or so.  Good luck and best wishes.

Quote from @Terry Hall:

Quote from @Chris John:

Quote from @Jesse Scroggins:

Quote from @Terry Hall:

I am in Fund 8. First year projection was 2-4%. I invested $50k; I received a whopping $125.very disappointed; I could have easily bought another rental or invested in a mutual fund and done so much better.

To be fair annually that would be a 3% return. 

@Jesse Scroggins  Is it me or are you off a digit?  3% on 50k would be over $1k.  He mentioned $125.

 I am not a digit off; I received $125.00. One hundred and twenty-five.

  @Terry Hall  My comment was to Jesse Scroggins as it appeared to me that his math was off.  Best wishes.

@Account Closed

I appreciate your point of view, but we see this drastically different.  I think the worse the economy, the more sellers you'll lose and the real estate market will lock up even more.  I think the only way out of this low inventory and to get back to "normal" is time.  As people age out, die off, divorce, etc. they'll sell because they have to.  Non-investors that I talk to aren't interested in selling because they know that even if they downsize, they'll pay more.

The future will tell though.  Best wishes.

@Dan H.

I hear you, and all good points.  However, I'm way, way lazy.  When times get like this, I figure it's time to spend money on what I want instead of investments.  So, vacations, home improvements, etc. until they put the fish back in my barrel.  I'll leave the work for others.  haha.

Quote from @Account Closed:

The smart thing would be to unload all the real estate before complete crash and then buy it all back when prices drop. Since you can't predict when this will happen, you could switch to short term cash cycle models in the meantime. 

I don't disagree with everything you said, but the real estate I bought was purchased at 70-75% LTV.  It's now below 50%.  If the market "crashes", I suspect I'll be back to 75%?  Why would I sell and buy back when it's already paying for itself, putting a little bit of money in my pocket each month, and is locked in below 4%?  And, pay taxes, realtor fees, etc., so I can lock in a rate that's below inflation?

I won't refi and buy more at these rates, but the idea of selling and buying back is crazy.  It's a ridiculous amount of time, effort, and money.

Quote from @Eric James:

Real estate has always gone up and down in cycles. Something like 10 year cycles. We're overdue for a downturn. It seems naive to think these cycles will somehow end.

Fair warning, I have absolutely no idea what I'm talking about, but I feel like this cycle was extended with cheap money and it lasted longer than it ordinarily would have.  And now, ironically, that cheap money has mothballed the cycle's extension. 

So, I'm kind of expecting things to trend pretty sideways (maybe a little up or maybe a little down) for at least a few years.  It's like this market is a fossil stuck in amber for a lot of us.  I know the pros are still clicking along, but the low hanging fruit seems to have dried up, for me at least.

Quote from @D T.:

I wonder if Newsom even realizes how much pain he causes landlords; if the laws were fairly balanced for both tenant and landlord, most people would be happy.

My business partner and I have 16 doors in California.  Do you think Newsom cares more about our 2 votes or our tenants approximately 30 votes?  I'm still trying to recover from the beating he administered during Coronvirus.  He knows.  He doesn't care.

Here goes me committing BP suicide, I think.

My "lawyer", chatgpt, claims that no laws were broken.  Right or wrong, I believe it over internet randos claiming to know this law.  It's being claimed that it's illegal to ask third parties questions now?  Seems really, really unlikely to be true.  I suspect those laws have more to do with how you treat people directly.

I have no issues with people's sexual preferences.  However, I do have an issue with the current climate and culture relating to people's sexual preferences.  So, I'm being told on the same thread to not notice people's sexual preferences, while, at the same time being asked to celebrate "pride" month?  Which is it?  Do I notice or do I not?  And, I can't even ask about it?  Seems ridiculous.

And, to answer the question, I've had two lesbian couples that both got married while they rented from us.  One couple has been with us for 15 years and are probably the best tenants we've had.  The other couple left the place a mess. 

In the end, treat everyone well (including people asking for clarification on things that they admit to being ignorant of).

@Mike K.

Good stuff.  Thanks for the response.  If nothing else, you've given me a rabbit hole to go down.  I'm with @John McKee.  I'd love to check out the site to get a better idea of what it is.  I'm struggling to think of ways that I could generate valuable content for when the existing content goes stale...

Quote from @Jesse Scroggins:

Quote from @Terry Hall:

I am in Fund 8. First year projection was 2-4%. I invested $50k; I received a whopping $125.very disappointed; I could have easily bought another rental or invested in a mutual fund and done so much better.

To be fair annually that would be a 3% return. 

@Jesse Scroggins  Is it me or are you off a digit?  3% on 50k would be over $1k.  He mentioned $125.