All Forum Posts by: Russell Brazil
Russell Brazil has started 177 posts and replied 16824 times.
Post: Using Agent Commission towards down payment for my own Investment Property
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
- Votes 30,539
Yes you can use commission as sourced funds for down payment on a conventional loan.
However some lenders have internal overlays that don't allow it.
Post: Boston - Has the ship sailed?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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Quote from @Calvin Thomas:
Quote from @Russell Brazil:
Time in the market, beats timing the market.
Buy now. Rents will go up. Rates will at some point allow you to refinance.
Why would someone buy now and make little money for the chance that the rates will adjust later? What happens if he has a major expense? Sh!t happens, and it usually happens when one least expects it. This is a good way to get underwater real fast.
This is an unwise suggestion.
Post: Are the forums on BiggerPockets getting worse and worse or is it just me?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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Quote from @James Wise:
Quote from @Bruce Woodruff:
I still find the Forums almost as fun as ever, but I'm just here to have fun and offer advice where I can actually provide any useful help....Lol....
Yes, the search feature is not great, but I find that true for most forums....?
So @Jonathan Greene,how can we make it better? If this Forum were yours as of right now, what would you do?
Hulk Hogan Gif's are Scientifically proven to increase the fun level of any type of forum. I would start there.
Post: Are the forums on BiggerPockets getting worse and worse or is it just me?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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It's the same as it always has been. At every point in history of the 15+ years of the site I've noticed the old timers complaining that the site is the worst it's ever been.
Obviously that feeling seems to extend to all people in all facets of life everywhere. The country is the worst it's ever been. My city is the worst it's ever been. Movies are the worst it's ever been. People always long for the days of yesteryear and idolize the past.
Post: Boston - Has the ship sailed?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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Quote from @David Lewis:
Thanks @Russell Brazil
See I’ve gotten the “time in the market” advice before. But let’s go a later deeper - my down payment would come out of a well performing stock portfolio. So choice is staying stock market and making 15%-20% or buying property and MAYBE breaking even.
For me “time in” the real estate market means “time out” of the stock market.
Any advice on how to reconcile or justify that?
Your ROI will be significantly higher in Boston real estate than in the stock market. I'm in the Boston and DC markets and average 23% IRR in real estate. The S&P 500 averages 10%.
Post: Boston - Has the ship sailed?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
- Votes 30,539
Time in the market, beats timing the market.
Buy now. Rents will go up. Rates will at some point allow you to refinance.
Post: Selling primary residence / new home into LLC?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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Quote from @Warren Peasley:
Buying a new primary residence has nothing to do with the capital gains exclusion.
It is when you go to sell the new house down the line you'll run into a problem. The capital gains exclusion is available to owner occupants primary residence. If an LLC owns the house....you personally are not the owner. The LLC is a different "person." So you will not be owner occupying a primary residence. You will be living in someone else's house. And when that someone else says the house, they will pay capital gains and depreciation recapture on the sale.
Post: Selling primary residence / new home into LLC?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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Terrible idea for a primary residence. You will lose the capital gains exclusion by doing that.
Post: Are these PM fees normal?
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
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Read your contract. The only thing that sounds out of the ordinary here is the water bill
Post: Election Impact on REI
- Real Estate Agent
- Washington, D.C.
- Posts 17,651
- Votes 30,539
Depends on rhetoric vs reality. If the new administration actually enacts their policy stances on tariffs, immigration, trying to ignite the economy even more....all of those things add up to higher inflation. Higher inflation equals higher interest rates.
Now some people may argue higher interest rates are good, as it drives out competition on new acquisitions. Others may argue that higher rates are bad as it drives up their borrowing costs.