All Forum Posts by: Joe Villeneuve

@Joe Villeneuve. Nuggets of gold in every post. I really enjoy your insight Joe.

 I was asking about a specific example not to be competitive but because that's how I learn.  Didn't mean for it to come off as being competitive.  Thank you though

I used to do re-fi's and get loans early on when rates were low. ROI was great then. I understand dead money but with high interest rates and putting minimal money down or re-fying leaving 80% LTV the margins on SFR's is extremely tight. Can you give me an example of a deal you've done in the last year so I can compare your numbers to the markets I am looking at?

Thanks!

 $98,000 cash has been put into the properties (one duplex, one 5-plex, one 4 bed single family...three total properties)

@Joe Villeneuve I realize that. Just pointing out that you can leverage your stock holdings.

Eight total doors in Indiana. Gross annual rental income is $88,140. After insurance, tax, mortgage, and pm fees, net income is $40,057. 
$24,540 annual in annual interest to the bank. That’s a lot of money to give away. 
How bad is this deal? Still learning.

@Joe Villeneuve You actually can leverage in the stock market by purchasing on margin and/or selling options against your portfolio.

I feel like with the stock market you can at least buy something like the s&p 500 which gives you some diversification. With real estate, you have to make sure each property is functioning at full capacity or you’ll be losing money.