All Forum Posts by: Levi T.

 if one can already afford a home that’s extremely above the national average, I don’t think renting is on their plate as an option. 

It may slow demand a little in high cost areas for a minute, but when people are already buying in cashflow negative area, you really think they care that much about the cashflow or cost?

If your going to scale, you going to have to learn how. For those who want to scale big, you have to master the balancing act of using as little of your cash as possible to get deals closed, then hoard your cash and keep your DTI strong, so you can keep growing. Otherwise you will get an interception and get stuck on the sidelines.

Because an appraiser, comps, real estate agents, CMA, Zillow or any website you may choose, will only give you an idea of what it COULD sell for. They are literally just opinions. Any of these methods are not a defacto value of what the property will sell for. Just because an appraiser says it's worth $$$$$$, does not mean it will sell for that. It's only worth what someone is willing to offer to buy it for at the time.

Case in point, this property here, we sold back in September. We had offers from 150k to 175k, it appraised for 172k... We accepted an offer of 160k. Our investment group bought it for 50k, it was appraised at that time for 115k.  Properties are only worth what someone is willing to pay for it.

Use any of the above methods to get an idea of what a property is approximately worth. We buy an sell a handful of houses everyone month, I frankly like to search around Zillow to see what comparable houses sold in the last 6 months in a few miles of the property in question, it's faster and cheaper that most other methods, as all you really need is a price range.

See if you can find the source of the issue, then just get a contractor to sort it out. Frankly mold is more common than most people understand, and it can always get fixed with a little DD or repairs. Sometimes it's tenant's lifestyle. In any event, be professional and sort it out, and keep in mind people are trigger happy with mold, and overreact 9 out of 10 times.

  That’s what I’m looking for, right there., That’s how you make money!! 

Renters insurance won’t, but renters liability insurance will. We require our tenants to carry it, or we do it for them via what is known as forced insurance via our provider:

Pays to the property owner or manager (“Landlord”) for damage to the Landlord’s property arising from the perils of fire, smoke, explosion, water damage, backup or overflow of sewer, drain or sump, falling objects, riot, or civil commotion. As a condition of coverage, such damage must arise directly from the actions or inactions of the resident and such resident must be contractually and legally liable to the Landlord for such damages.See policy for full coveragedetails - $100,000 per occurrence - legal liability for damage to landlord’s property - Underwritten by Great American InsuranceGroup.

The internet is not going down, and sky net is not going to come take your data. Your more likely to misplace your cellphone, wallet, or kids, than you are to lose data now of days.. welcome to the cloud!

If you think keeping money in your backyard keeps you financially safe, just remember how that did not workout in Greece. People's money came worthless overnight. They started trading hand written IOUs for food. If things go truly south, you may as well invest in dry goods, it will be worth more.

Cryptocurrency is not regulated at this point, until then it provides a free way for anyone to move money between countries tax free; convert illegal gains from criminal enterprises, legally hide business profits as it's not recognized as money... That's trillions of dollars moving around. It's here to stay, that's for sure... Just like the Internet in 1990's, people are going to make and lose a lot of money. The internet also got reborn in the 2000's, and has been working just fine ever since. 

We've already gotten past stage 1 of Cryptocurrency, it's now solidifying into stage 2 as a framework used by many, at some point the Government will start regulating it in some way, then things will smooth out and people will talk about the days people made and lost mad money with Cryptocurrency!

 Nailed it! Nicely written!

No doubt real estate is baller.. I own gobs of it, but nothing wrong with BTC. Bubble or not, if you had bought 10k a year ago today, it would have gone up in value by 1,326.92%.. That's $132,692.00 in cash value!! I'd move that off the table, and go buy 1 million worth of deals,  then enjoy a cool $5,566 net per month, and go buy some more BTC and forget about it. Have your cake and eat it too!