All Forum Posts by: Julius Chinn

Selling options premiums on $1,000,000 get you 25% conservatively.  You do the math.

Poor mans covered call on BAC gets you way over 20% annualized.

What about the crash.   Buy n hoders face same issue.   So no Biggie .  When it happens deal with it.

We all want to know what it rents for?

 Average buy is cash flow negative.

$350,000 house rents for $2,000.  You do the math.

Some dont include expenses now when doing pro-forma.

Las Vegas is an appreciation play.  Has been for a long time.  No tenant paying rent to pay down $50 bucks on your mortgage to build massive wealth. That portion is insignificant.

He is telling you straight out its a bad deal

Non disclousue?  come on. Is he Grant Cardone level?

30%????????????????

Scam is a strong word.   He is telling you what going to happen.  Will it -  got no idea. 

Im with the WIFEY.

No expert here. But he might be Syndicating.  Ask him.

We are all in this together,  lets be kind to the less fortunate.   Im onboard.  Cant be throwing Granny out into the COLD.  Party Time.

Biden won Fair n Square.  He delivers big.   More to come...cant wait.

Chicago got the go ahead from DC.  I hear this will be spreading to the whole country.

In your case its a resounding DONT DO IT.

NYC expensive  i get it.   So is DALLAS.   I hear cash flow in TEXAS is very hard with huge property tax bills.  Combine that with already huge appreciation........ummm..   Where you going to make the money.  Its not as if Texas has been on no ones RADAR the last 10 years.

If yo want to speculate that a diffenent ballgame.

Id get a job working for a wholesaler. 

 In Vegas this could be the way.  There are little Dinky condos in decent areas not in the HOOD going for $120,ooo or so.

Downside- using the same toilet as your HOMIE.

 Stay away from syndications or sites like Fundrise.

SF aint coming back.......lol.    When Charles Schwab  decided to move to TEXAS its over.  The FAT lady has sung. 

The Mantra on BP is buy where the jobs are going jobs surely arent headed SF way.

Caveat.  IF SF elects a Rudy Giuliani it could come back.  But like they say HOPE isnt a strategy.