All Forum Posts by: Alex Silang

I've been thinking about this for awhile but unsure how the exact mechanics work. 

• Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.
• Community engagement: Homeowners have a greater financial stake in their neighborhoods and are more likely to invest in their local communities.
• Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.
• Property values: There is a strong relationship between homeownership and property values.
• Local economies: Owner-occupied homes contribute to local economies.
• Safety: Owner-occupied neighborhoods can contribute to local safety.

I've identified an area that has a lot of multifamilies. 

Question is what to do. I'm only barely a millionaire. But I think if I can get enough people on board it could work. Could get creative to, maybe issue shares or something. 

I was talking to a RE friend.

He said it's a bad time to buy

* rates are high

* homes are expensive in most markets

Looking to hear some counterpoints. 

Thanks

My question is, why not stop at say $2M. Why are people going for $10M or more, which is at the point you'll have trouble spending it all. 

So I had a windfall and can sort of "semi retire" with a part time low stress job. 

Part of me is considering buying more real estate though. I like the idea of being involved with and affecting the world. 

But the other part of me is pointing out that I would have to come up with large downpayments for properties that would be break even or even lose money. Risky too compared to just holding stocks or bonds.

I'm not even worth that much money so I have to ask the more experienced and successful investors on this forum: what keeps you going? why more? 

can anyone relate to me being tempted to chill out and do nothing?

I have a unit that is paying significantly below market rent. Let's say $800 in a $1000 market price area. I have it raised for $25 on 1/1. 

There was a huge cost recently. 

I want to raise it another $50 on 2/1. Not the best thing to do - I should have raised it originally for a higher amount. But price will still be significantly below market. 

What are your thoughts on this? 

I've heard of people retiring on real estate. They just have a bunch of rentals.

Would you be willing to do that? Maybe have a decent sized pool of cash to take care of the occasional roof repair or personal expense, but almost entirely in real estate?

Or is RE just a supplement?

Please keep political discussions off this thread.

I was looking at CNN this morning and it said that there "expansive" tax cuts planned to benefit the homeowners in the Northeast. 

I couldn't find anything else on the web. Everything dated from 5+ years ago. 

And why only homeowners in the Northeast? Thanks

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So I'm middle aged. Total return used to allure me but no more. With rates as high as they are and RTVs this low, I'll probably barely breakeven (if that) if I did standard 80LTV.

I like cash flow. I'm borrowing at the rate of ~7% and 7% is a great return to me, especially with the stock market near all time highs. 

I was even thinking of going 50/50. There'll be a prepayment penalty but I can always refinance a few years down the line, depending if I need more cash. 

What do you think about this? Any tips or advice? I'm in unchartered territory. Thanks

I'm assuming you would need multiple bids on your business in order to get your biz?

Are pretty much all DSCR lenders negotiable? They're not like big conventional banks after all (correct me if I'm mistaken).

I found one that does a soft pull so I'm thinking there's nothing to lose. 

For those with LLCs, did you register it in the STR state or home state?