All Forum Posts by: Eric Bilderback

I hope my kids will be self sufficient enough not to need me to leave them much.  I'd like to give them a little something but good kids to this world is what I hope to be my life's legacy.

"Instead of giving your children everything you never had, teach them everything you wish you would have known."

Great thread,

OKay sorry here is a little more.  These people rented it through AirBNB.  I am hoping Airbnb will pay or make the guests pay.  I have filed small claims before but never a big claim like this.  

I manage a hand full of STRs here in Central Oregon had some tweakers come through and do about 10k-20k in damages probably.  Bled all over linens, let kids rub slime into carpets, stabbed coach with a knife.  It was one of the saddest things I have seen.  Anyway putting together a list of damage to file a claim if you have any advice please let me know.  Thx

 What is real estate return when you add on rents?  What if you can break even for 4 years while leveraging real estate at 20% assuning 4% appreciation?  According to the rule of 72 you are doubling your money.  I don't see any opportunity for a normal person that can touch that in any other asset class.

 To be fair if I could use Chinese slave labor, turn a blind eye to forced sterilization, and organ harvesting via the Uygur population, then turnaround to exploit, fund and exacerbate the racial divide in the US for marketing purposes and my bottomline, I could certainly juice my ROE.  

 I agree, it's not as simple as I tried to make it sound.  But when you feel you have a decent net worth and a some money coming in you have the confidence to take a chance and be an agent, builder etc.  And I think you would agree someone with a little cushion has a much longer runway and chance for success.  But yes your point taken.

@Carlos Ptriawan @K S.

More millionaires have been created through real estate by far than anything else.  The crooks on Wall St will ensure people grind their entire life.  Your investing with them is cashflow to Wall st.  If you love your job maybe that works, but for anyone who wants to one day have the opportunity to coach their kids baseball team, spend a significant amount of time on a passion they have that may not be very lucrative real estate can get you their.  Finance it, manage it, hold it, then let the politicians and bankers erode the currency.  I know this works I did this for myself and I have seen other people do it.  

For most people I would argue the risk of not investing in real estate is greater then the risk of investing in real estate.  

Maybe, for me personally I know many people I've been their agent and they want another income stream and see someone giving them rent as the way to do it.  I don't know anyone who invests and lives off dividends if I was a stock broker I probably would.

Real estate is still the best investment for normal people to remove or at least cushion themselves against the rat race and build wealth.  I don't invest in the stock market (and suspect it is more BS then the real estate market) but from my experience real estate is the only asset that pays you to own it in a meaningful way.  Even with real estate as unaffordable as it has ever been I would encourage young people or anyone to buy good real estate, manage it well and wait.

People betting that the Fed would do the responsible thing got crushed.  People who saved money lost out for so long and people who took massive risk got paid. After the last 12 years who the would have dreamed that real estate ever goes down?