All Forum Posts by: Kar Sun

 If Facebook is starting it then it is precisely what NOT to do. Always do 180% opposite of the main stream and you will be on a better path.

I cannot believe there is anybody who is interested in a bitcoin. I can see how some can get interested for short term speculation. But I will absolute not value any virtual assets, decentralized or not. Next thing for the Bitcoin fans will be metaverse "real estate" that is anything but real. Bitcoin is nothing but a pre-condition to a central bank digital currency.  Let's say it is a psychological and behavioral training to get used to virtual "ASSets".

how long are you planning to keep the property? is the location desirable? has this property appreciated? what is the condition of the property? remember, if you are investing for your future generations but to all other questions you answered "yes" then the fact that this property is cash negative may not be such a deterrent. Especially if you have other income. You can write this loss off.

don't mean to make you feel bad but think twice about AirBb and especially in CA. It might be a perfect storm.

 I do not look at sites and only purchase local. And preferably in close proximity. I am fully vested in my community and only rent to high quality tenants. 

Location, population growth and desirability, landlord friendly states, local, quality of construction, no repairs. I buy A class only.

 In my example I will have to raise the rent by at least $300 because I am grossly below the market.. My renter is reliable and I have not done increases in 2 years. He also makes plenty of income (no less than $300,000 annually). By bringing it up I will be on par or slightly below market. I must do it because I can not have a negative flow due to some upgrade that has to be done. If he leaves then I am confident I will get someone else, even if it will take me a bit of time. He won't find similar property anywhere in a 50 miles radius for the price. He will have to pay extra $200-300 on top of my increase to get anything remotely similar. 

in landlord friendly states.

If you own a property see if you can rent it and purchase another one that you will live in and rent in a future. If you do not own any property then see if you can buy one to live in and then you can rent it in a future. I personally would not start investing outside of my state or even a city. If you rent in an expensive state or city see if you can move. Salaries have not adjusted to the incredible inflation we are in. The prices are really high in large part due to inflation. You can see if your family members can you you financially. It is just touht no matter how you look at it.

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