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All Forum Posts by: Michael Tal

Michael Tal has started 0 posts and replied 44 times.

Post: Utilities Not Included

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33

They should organise that between themselves. 

Post: Cost Segregation

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33
Originally posted by @Kenneth Lagana:

any thoughts on online cost segregation companies that do this and provide a report for a few hundred dollars?

 I don't see the legitimacy in them as a normal cost segregation process is usually upwards of $10k+

Post: How to prove a trip is for investing

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33

That's a hard one, I can't imagine asking realtors to provide you evidence that you've been to viewings with them. Perhaps you could list the realtors that you've visited during these 4 days; it's unlikely that they'll give them a call anyway to confirm what you have claimed.

Post: Seller Breach of PSA

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33
Originally posted by @John Sparks:

Thanks @Brian Ploszay.   In such a case, they can always say no for extension and it forces me to either go for closing or exit the deal.   Do they have right to cancel?  Wouldn't it be breach of contract?

 Unfortunately, until money has exchanged hands (not including a deposit) they always have the right to cancel.

Post: Rules in Real estate

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33

Very vague question.

Post: Stock Market or Save Cash For Real Estate?

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33

6 months is not long-term enough to invest into the stock market. It's very volatile especially in the current market. 

Post: Getting guests to book

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33

Just because you haven't had any vacancies for June-August now doesn't mean that it won't pick up as the months progress. You have nothing to worry about, when the time gets closer I'm sure you'll get bookings for the peak summer time.

Post: Where to invest $ while looking for my next deal?

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33

Vanguard is a decent option allowing for instant withdrawals, however the returns aren't that great with only around 5% annual ROI. I wouldn't suggest going into the stock market as what @Jake S. mentioned, it can be quite volatile so unless you're looking to invest long-term (5 years+) it's not worth the risk.

Post: High-income couple ... BRRR or not?

Michael TalPosted
  • Developer
  • London
  • Posts 45
  • Votes 33
Originally posted by @David Miller:

@Edward Kuk.

I know everyone makes owning real estate sound so glamorous, but I believe you should not be trying to own real estate rentals at this time in your life while working that many hours. Managing rental properties can be difficult with the stress of tenant and property problems. I believe your best way to get into the business is to find someone you can trust, who is already in the business and invest with them. Then build up your capital to invest into a 16+unit apartment complex that will have professional management. Just one mans opinion..

Agreed with this. 

This is how I started out as well in England, investing in remote cities where it was a lot more affordable to get into the market.