All Forum Posts by: Max Emory

@Tyler Solomon, thanks for your input! I've heard a similar perspectives from other investors. There's still a huge shortage of housing/materials/labor/etc and will be for the foreseeable future. Some think housing prices will actually continue to rise through 2026 (which blows my young mind).

@Scott E. love the breakdown! Thanks for sharing! I was also too young to take advantage of the last recession so I'm looking at the more experienced investors who went through the last recession (and have been for the last few years) to see how they're moving.

It's cliché, but true. A lot of millionaires are made during recessions.

No matter what you invest in there are and will always be golden opportunities to take advantage of during every recession. For me, it's real estate and a few other ventures. For you, it may be crypto/stocks/businesses/real estate/etc.

How are you preparing to come out of this recession 10X wealthier than you are right now to be able to take your family and circle to the next level?

Do what most other people are not doing. This is the time to find that opportunity and double down.

What are you strategizing to execute during this "recession"?

@Sergey A. Petrov, we have to have our brain juice!

@Greg Scott, I love that! Keeping the CapEx up for properties is absolutely essential. On the other hand, I will say I enjoy acquiring properties from slum lords because there's so much opportunity.

@Don Konipol, I like your perspective. Investors/business owners should definitely seek guidance in the financial arena. Especially, those who are playing a larger game or wanting to sustainably grow.

Thank you guys for sharing!

For some, the easiest way to do this is to go through the past 3 months of bank and credit card statements and mark each expense with a letter or highlight them. I got this method from the Profit First system. (They may do it slightly differently but it's the same concept.)

Distinguish between..
---Profitable: the expense generates more revenue for your business than what it cost
---Necessary: the expense is necessary for your business to run but doesn't directly generate more revenue than what it cost
---Unnecessary: the expense does not generate more revenue for your business than what it cost and isn't necessary to run your business

Whatever turns up unnecessary, get rid of that expense as quickly as possible!

Finally, take a look at the necessary and profitable expenses and brainstorm how to lower those expenses while still getting the same or a better result from them.

Has anyone done this? I can say I have done this and it is POWERFUL.

Hope this helps!

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Real Estate Investor | USMC Veteran

@Taylor L., thanks for sharing! Self storage is something I plan to get into once some current ventures are built out to take less of my time. Materials and labor costs have crushed out margins in the flipping and LTR space.

@Eliott Elias, you're not alone! I think we're all searching for more meat on the bone and where the next opportunity lies.

We're transitioning to short-term and mid-term rentals and will be mostly acquiring single-family homes for the foreseeable future.

We're still open to acquiring long-term rental apartments with a minimum of 12 units but STRs and MTRs (corporate housing for traveling professionals) will be our focus for a while.

Is anyone else pivoting to a new strategy?? What markets are you guys in?


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Real Estate Investor | USMC Veteran

If you're a renter and business owner who works from home, ask your CPA about deducting a "home office." There are rules and regulations to be eligible for this deduction but you may meet the requirements and not even know it.

Don't pay more taxes than what our government requires of you. We're all partners with the government whether you have chosen to be or not.

They give us incentives that benefit us via the tax law to conduct ourselves a certain way that ultimately benefit them as well.

Either learn the rules or get someone on your team who knows the rules. Follow them and don't overpay!


I hope this helps!
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Real Estate Investor | USMC Veteran

Should you refinance that property in your portfolio now at 40% LTV?

How I currently solve this issue within my own portfolio is by asking myself these 2 questions:
1) Do I still meet my minimum cash flow requirement per door after refinancing the property(ies) with the new terms of the refinance loan?
2) Can I deploy the capital I pulled out to generate substantially more cash flow than I will lose by refinancing the property(ies) (based on higher loan amount and possibly a different interest rate than what the property currently has)?

If it’s a “yes” for both of those I may do it. That being said, your "risk tolerance" will weigh heavily in this decision making process. This is different for every investor.

Just looking at cash on cash ROI doesn't do it for me. If I refinance a property and pull all of the cash I had into it out, and that property cash flows $1/mo, that's technically an infinite return since I don't have any money in the deal. But...I'm not interested in collecting $1/mo from a property.

At the end of the day, run the numbers and make the decision that best suits your vision.


Simple Formulas for REO and CoCROI:
---Return on Equity = Cash Flow in 1 Year / Total Equity in Property(ies) * 100%
---Cash-on-Cash Return on Investment = Cash Flow in 1 Year / Money you have into the Property(ies) * 100%


How do you guys decide to refinance your rental properties (outside of performing the BRRRR method)??

I hope this helps!
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Real Estate Investor | USMC Veteran