All Forum Posts by: Daniel Suarez

Quote from @Mark Prather:

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $360,000

Closing on my 4th rehab acquisition in just under a year. Hoping to scale to 10-12 per year

 Just posted my first for sale. Would you mind sharing your numbers?

Quote from @James Hamling:

Quote from @Steve K.:

Quote from @James Hamling:

Quote from @Steve K.:

Elon is getting $8M per day in tax dollars, while cutting government programs that cost much less than that per year. And he was not elected. The programs he's cutting employ a lot of good people and provide a lot of good services to the country. Has anyone seen the letters that federal employees are getting? These were not written by government employees and are insulting to good people who provide civil services. They say "stop being lazy and find a real job in the private sector". It's absurd and unjust. I know for a fact that Elon is a con man from when I worked in the solar industry, his solar company was a total scam and gave the whole industry a bad name. Trump also has a history of scamming people (Trump University, his charity, all of the contractors he never paid, everyone who got the short end of the stick during his multiple bankruptcies, claiming $70k tax write off per year on his taxes to do his hair, his company was found guilty of fraud, etc.). It's a con job by two of the biggest con artists in history. People are still worried about Hunter's laptop or Hillary's emails when the conspiracy is right in front of us. Like I said earlier, these two will be the world's first Trillionaires while the rest of us suffer.  

Ok, this Trump Derangement Syndrome is way outta control now. How about some FACTS and TRUTH OF CONTEXT for this: 

Yeah, what an Evil Guy Elon and Space-X is charging the US $8m per day for what was $16m+ per day....... 

"HOW DARE YOU SAVE US MONEY ELON!!!!!!!!"

Get out of you propaganda bubble Steve and read some facts. Stop being a tool used by those with nefarious reasons. You’re better than this Steve. You’re smarter and better than this. 

You don’t think Elon is a welfare queen? 
You’ve obviously fallen for the con. I know for a fact Elon is a con man from insider information. Whenever his solar company was about to go bankrupt, he’d launch an “exciting new product that will revolutionize the solar industry”. My friend was the head of the new products division there and Elon would just come up with these random new product ideas the night before a meeting with investors while pulling an all-nighter (on drugs btw) then order my friend to put a big marketing presentation together quickly, literally using Hollywood movie sets and actors pretending to be satisfied customers when the products were completely fake. Stocks would go up after the presentation, all based on lies. The product would never come out or even begin being developed, 100% smoke and mirrors. He does this with Tesla all the time too. Stocks will go down based on missed earnings reports and Elon will just announce some new shiny object that is “coming soon” to pump the stocks.  Like the Optimus Robot that is supposedly autonomous and coming to market next year, but was actually being controlled by humans with remote controls at its launch party. Just to pump the stock up. How much do you want to bet the robot will not be for sale anytime in the near future? The cybertruck and autonomous driving are also examples of products he promised many years before they were ready just to pump stocks. The stock prices of all of his companies have always been out of whack with their P/E ratios because he’s the world’s best conman. Nobody voted for him, and now he’s firing thousands of federal employees.

Wow, Steve, with all love brotha, seriously, your space-cadet way out there man. Come back down to earth with us. 

Seriously Bro, you need a detox. No joke, you need a propaganda detox. 

I suggest like one of those Canadian get-aways where it's awesome fishing, water sports, and no internet or cell reception. 

Just nature, life NO media of any kind at all. 

Look, it is fundamentally impossible for Elon to be any form of a "con-man". He has invented more things than this text box will probably allow for text, I mean that very literally. 

For Tesla he literally invented an entirely new form of manufacturing, including all the machines and tools for that invented manufacturing form.

Space-X is a list of hundreds upon hundreds of inventions. And to boot, he literally posts it all online FREE for anyone/everyone to take and use. 

Con Men do not invent things, more or less hundreds and thousands of things. 

Con Men do not offer open access to the masses. 

Elon said end all EV subsidies, including his. Con Men do not cut off there own e-z $. 

Before Space-X the US was reliant on Russian rockets and the Russian space agency. Did you not know this or just forget that? 

How is it "welfare"? That's the most bizarre spin. 

The US Gov, ie NASA, has contracted to hitch rides on Space-X rockets like a space taxi. Is you paying an Uber Driver "welfare" payments? 

Why do they contract for rides on Space-X vs there own rockets? I literally showed you the numbers. Because it's a TON cheaper. It's more then a 50% DISCOUNT. 

This total disregard for facts, and blind hate because of someone's political affiliation is mentally unhealthy. 

Seriously, get a vacation from all this stuff man, it's making your head soft. Get a detox. I know your smarter than this, I know your smart enough to think it through and think "wtf, that doesn't make sense, that's spin, wtf". But man, they've really got you punch-drunk on the kool-aid. 

Con-man might not be the exact word I’d use, but you’re definitely overhyping his achievements. Yeah, he’s done some impressive things, but let’s not act like he single-handedly invented Tesla or revolutionized every aspect of manufacturing. He invested in an existing company and made it successful, which is great, but that’s not the same as inventing it.

And let’s not forget Twitter lost about 80% of its value since he took over—so, not every move he makes is some galaxy-brain genius play. He’s got a track record of ignoring experts and making technical decisions based more on ego than expertise. The whole "he's open-sourcing everything for the world" thing sounds nice, but in practice, a lot of those ideas haven’t exactly panned out the way he claimed they would.

 Gallop Pole actually shows 47% approval rating (as of Jan 21st)
FiveThirtyEight shows 49%

The month after Biden was inaugurated his approval rating was 57% also according to Gallop

Wife's birthday that day. I won't miss the next one. 

Seems like a found a fellow churner.

I’m going to Aruba from dc in January business class using Alaska miles. Staying at flamingo island using Marriott points and Hyatt casino using Hyatt points 

flying business with AF flying blue to Paris in Mag with my wife and 2 kids 45k points each leg, staying at an Airbnb paid cash and in Budapest at the W wirh 6 night cerficates

going to Italy in September flying economy in Iberia for 4 people, 25k Alaska points one way ($1000 per person when i checked) staying at the grand Victoria hotel in lake comp with my 3 night Hilton verticales ($1300 per night value) still planning the return and the rest of the trip

 I'm curious about this. i have most of my rentals in Maryland (Baltimore County) and evictions are not extremely complicated AFAIK,

Thank you for the post.

My first goal is to do a flip during the first quarter of 2025. It will be my first one. Depending on how that goes, I’ll aim to repeat it 1 or 2 more times. I’m planning to partner up and borrow from stocks to fund this.

I’m currently in a bit of an unknown state after that. I currently own 5 townhomes and 3 multi-family properties, and I’m unsure where to go from here. Most of the townhomes are in C/C- areas. They are cash-flowing well, primarily through Section 8 tenants, but I have a lot of equity tied up in them. I’m not sure how much upside potential they have. Additionally, most of these properties have very favorable interest rates, so I’m hesitant to refinance and risk losing the cash flow they currently generate.

Last year, I sold one property to invest in a STR in Orlando to diversify and move into a better asset. Unfortunately, not only is the Orlando property losing money every month, but it has also decreased in value since I purchased it. On top of that, I traded a 4% interest rate for a 6.5% rate, which has made me cautious about scaling further and repeating the same mistake.

Would also be happy to have a look and share my 1 year of experience so far 

@Dave Foster, I thought about that. I’m not sure I want 2 extra loans though or 2 tenants instead of one.

@Remington Lyman, let me rephrase that, to attract tenants with higher value vouchers the house needs to be top notch

@Ben White, thank you so much. I'm actually looking at a third option of cash out refi the home, the partner with someone with the cash in my next investment.