All Forum Posts by: Alex V.

I recently purchased a 3 Family that doesn't have an intercom system and the front door relies on tenants remembering to lock it behind them as they leave. I curious if anyone here has a suggestion for a system that doesn't require hardwiring to install. Ideally one with keyless entry too. I've read about how they are less secure however this property is in an A+ town so it's not a giant concern for me. The big names like Ring and Nest seem to be only set up for single family homes. Does anyone here use a wireless or keyless entry system for their units?

@James Middleton house hacking your way to a $1,400 a month payment is still better than a $5k a month payment, no? I'm in the same boat. We dreamt of pulling off the living for free thing for a couple of years but it's nearly impossible to find a place in a good school district to do so.

@Wesley Whitehead Google search for blog post on "The True Cost of Commuting." If your goal is to house hack and use frugality on your way to FIRE then I'd say go with the place close to work. After reading some MMM you will understand why. That is all with the qualifier of live where you will be happy and comfortable. If the transitioning neighborhoods are going to make you miserable then it may be wise to play the long game and be happy where you're at and spend a few extra $s.

Ah my favorite internet troll is back! Sorry Mike I'm not going to waste my breath on how flawed your arguments are. A bit of advice though, you should look up how Zero Hedge was banned for life by the SEC and maybe take some of his blog posts with a grain of salt knowing he's a bitter disgraced trader. He's been posting that same "The End is Nigh" for the past 10 years. 

Dude your original argument was that the DJIA takes too many hours worked to buy the whole index. Well now it takes less hours. By that logic it having a bad month is a good thing. Stop arguing with yourself. 

Then there's the we've had a 10yr bull run, this is healthy for the markets, a little pain is good in the long run. 

But as a buy and hold rental investor, I am giddy about prices dropping in the area as should any other long term investors. Finally opportunity is coming back.

Tax reform miiiiiiight be playing a role in this as well. SALT deductions are capped at 10k now, which in the NYC area is easily hit by even moderate income folks (relative to the area, would be considered high income most other places in the U.S.). I said miiiiiiight because I have a feeling a lot of people in this area don't understand how much more expensive it got to live here because of "tax cuts".

Talk about a Mic Drop.

Sorry Mike i am entirely too busy to argue with you when I post facts, and you rebut with nonsense. You're a very good real estate investor, congrats. Stick to that. This is a website about learning how to invest in real estate. So why not just stick to sharing your obviously superior real estate knowledge, and leave the opining on the stock market to the people who actually know what they're talking about?

"Don't worry, in 15 years to 20 years it will recover."

It only took 3.5 years to recover, not 15-20.  I'm not sure you realize it but that last chart you posted is trying to highlight how recovery times have dropped and that innovation is to thank for it. 

"Choose real estate instead. Get out of these huge swings you don't control"

https://fred.stlouisfed.org/graph/fredgraph.png?g=...

"As they say "When seconds count, your Broker is only minutes away to give that 30 second click of a mouse"

You can't sell fast enough on a down cycle. The Hedge Funds sell in micro-seconds."

This is written like advertising copy for a brokerage. The average investor shouldn't sell into a down cycle at all. But you know, keep pushing these fallacies.

Why can't people just stick to the real, and extremely compelling, reasons for investing in real estate?

1. Great total returns if you don't care about liquidity
2. Great current yield (nearly impossible to find a bond that would throw off the annual COC returns seen in smart rental investing).
3. Huge tax advantages (especially attractive for high wage earners)
4. Access to leverage with a cost of capital that would make hedge funds salivate (why do you think Blackstone is the worlds largest landlord now?)
5. Forced savings - average investors just don't have the self control to save like a loan amortization schedule makes them.