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All Forum Posts by: Johnathon Sesi

Johnathon Sesi has started 4 posts and replied 27 times.

Post: 10% Down Vacation Home/STR financing not going anywhere

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Alex S.

Couldn’t help it…my tinfoil hat was chiming on high alert. 😂😂

Post: 10% Down Vacation Home/STR financing not going anywhere

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Alex S. And by “get a handle on”, do they mean “get a piece of the pie”?

Post: 10% Down Vacation Home/STR financing not going anywhere

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Jeff Chisum

Thanks for that info, sir! How many vacation/2nd homes is one personal allowed to have?

Post: Ethics Around Reducing Tax Liability

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Hank Olken

On of the biggest mind f**ks accomplished by government and the “higher ups” is that “the rich don’t pay their fair share of taxes”. That in turn makes the middle class feel as though the rich should pay more taxes. Why on earth aren’t middle class people asking to have their taxes REDUCED?!?! THAT should be the push. More taxes means more government opportunity to blow our hard earned money.

I don’t think you should have one ounce of guilt for taking advantage of the tax code. You could share your knowledge with those W2’ers and try to encourage them to take the steps needed to be their own boss.

Post: Is it me or are more investors against the BRRRRR method?

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Joe Villeneuve

And yet there are still tons of investors using this strategy and have great success with it.

@Omni Casey

Thank you for sharing this! It is truly inspiring as I have 4 young children that I would love to go into REI with them some day! Congrats on the home run!

Post: Best place to hold $30k for 4 - 8 months?

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Paul Henning

Are you already under contract for the SFH you mentioned?

If not, you could use the 30k towards the down payment on a 2+ unit and house hack. Just a thought. Good luck!

Post: What are the best books to read for a new REI?

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Joe Villeneuve

It may be about math, but hardly has anything to do with geometry. I get your point though.

Post: Hard money lender wanting an upfront payment

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Matthew Kelm

This may sound like an echo chamber, but It’s a scam. I’ve purchased two properties with hard money and any and all costs were processed AT closing. Not a single dollar was asked for prior to.

Post: Looking for a State to invest.

Johnathon SesiPosted
  • Realtor
  • Rochester Hills, MI
  • Posts 27
  • Votes 18

@Alejandro Ortiz

Hey sir!

I am a Real Estate Agent in Troy, MI (Metro Detroit), and I can vouch for those saying that Detroit and the metro area are great for turn key rentals as well as value add opportunities. The brokerage I work for has many years of experience dealing with investors. I’d love to chat further with you. Send me a message when you have some time. Have a great day!

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