All Forum Posts by: Account Closed

Baruch Ha'ba @Tom Kaplan

Can't really recommend anything in your area, but I will highly recommend following this board and listening to the podcast. If you ever find yourself needing information about Florida hit me up. 

Hey Lucas, can you sign me up +1 ?

Big companies like Amazon are in the business of not paying taxes at all. No way in hell somebody is going to be able to put a $3.6b tax on Amazon and they are going to pay for it. They have the best and brightest working day and night to find every single trick in the tax book to make that never happen.

Rich don't pay taxes, the tax code was written by rich. 

@Jennifer Presley-Sanders

tax assessments do not reflect the actual market value of a property you should not rely on that and you shouldn't rely also on Zillow's Zestimate. I would recommend you check comparable - similar properties in the area that were recently sold. 

The realtor you called is right. The Tampa market is pretty hot. Maybe you'll buy today at X and next year it will be 1.5X maybe it will be 0.5X no one knows. My experience is that stuff bought last year has appreciated but no one can really predict the future.
If I could go back a couple years I'd give the younger me the following tips:

1. Buy brick houses only

2. Consider buying in Lakeland

3. BUY

 Thats one of the reasons maintaining a cash position is a good idea. But who knows ? you could be sitting on a pile of cash for 10 years

My 2 cents: 
The US market is HOT no doubt about that. Prices are increasing everywhere and in places they are not there's probably a reason for that. Places like Indianapolis and Detroit where you can still pick up relatively inexpensive properties, they may cash flow but are not likely to appreciate with the same trajectory as the Atlanta properties from 2011.  

We're in an Economic phase that everybody has money, and the ones that don't can easily access credit (other people's money). Deals today are not even close to being the same type of deals that were in 2009-2011. Thats why I'm slowing down my spending waiting for better opportunities to come.

Cash is also a position.

Whats next ? Children dropping out of kindergarten to invest in RE ?

Life isn't all about money @John Moorhouse enjoy life a little bit before you start worrying about $

@Matt F.

I would take the time to ask more than three, but my top three are:

1. Eviction rates
2. Cost of service
3. Upcharge maintenance - if they answer this with "yes" I would disqualify them instantely. 

Make sure you're not over-paying. Most companies charge 50-75% of first month's rent and 8%-10% for the rest of the months.

I'm currently not in a position to put a recommendation unfortunately.