All Forum Posts by: V.G Jason

Which realtor lied to you, are they on these forums?

I am thinking BTC actually might be the leading indicator of the markets, not necessarily a de-coupling just the forward move.

Largest 1-day rally in a lot of US markets today; yet BTC down 2%. It had such a rally very recently though. 

Maybe a trend to watch.

Yes, at a certain price I would buy it. Just like anything, always make a market. I'd identify an off-taker behind it, as I back to back it. I wouldn't hold the risk if it's Hawaii and they're a professional non-payer.

I wouldn't house hack with this capital, and I wouldn't buy 1 house with 3-5% down then move to another in a year as your DTI/reserves would be insufficient to move forward.

I'd do more analysis on where you want to create this STR in regards to location and optionality; do you guys see it as a future 2nd home for maybe 2-4 weeks of a year, is this a place you feel like you'd go to on your own whim, saturation, insurance risk, STR regulations, etc.

Once that's done definitely make sure it's 1.2-1.3x DSCR and you have money to furnish it and have it managed. Once you guys develop enough net profits(50% after gross revenue likely) plus save up more income and depending on you & your brother's living situation then I would house hack with 10-15% down. I wouldn't anchor that until you guys have better idea of living situations(partners, jobs, etc.)

You guys are young-- the STR can act independent of what you guys need to do for your careers & personal lives.

It's turning into C in some markets and 2 in the others. The rate volatility is definitely contributing to the the ultimate underlying thesis in today's world-- unpredictability. 

Seeing some houses list under their 2022 sale price. That's very telling. 

 In all fairness, ChatGPT isn't the language model to use for this. Way better AI models to use. 

When did you buy the properties? At what interest rate(if levered)? And at what average house price? What's your net income per tenant(after the nonsense) per month?

It's negative cash flow even if it truly cash flows. Especially if you do the math on the inflation loss against depreciation and the fact you're likely not re-investing cash.

Why would you try to find deals in the most miserable city @Ashley Kehr? This isn't a volatile city with a cyclical leg to where you're buying the bust on the boom/bust. You're literally buying ****, and trying to make it make sense. That never works. I hope this just to start a conversation and not genuine advice like the terrible stuff given on the RE podcast; that's advice I run from or bet against.

Let's stop at #1.

The 1st part 95% of society cannot do, cannot risk doing, and does not have the risk appetite doing. Of the remaining 5%, 2% don't have the risk appetite or cannot do it or cannot risk it. 

You're taking to a minute percentage of individuals. Let's give more broad advice.

In today's world of stagflation, limited cash, and high debt levels among the average citizen.

The best course of action is quit seeking validation by impulsive purchases, learn to change your perception to enjoy and appreciate what you have, work hard and smart to get further. Learn on the way, and angle yourself to consistently improve. Give it time, and you'll be in a good spot. Any hardships or adversities are not there to impede you, but to learn from. That's advice 100% people can use & apply. Not just 3%.

Marry right or remain single, and start understanding how the game of leverage(not financial but psychological) works.