All Forum Posts by: Dan M.

The value is not going down but you will see price decreases from pressures of qualified buyers and high interest rates. Its not the days of covid sold within a day or a week of listing anymore. In my opinion housing pressure in Dutchess, Putnam, Orange, and Ulster county you will continue to see price increases in the long run ( value ). If we do indeed see a rate drop in 2025 you will see an inverse price increase. 

Without getting into too much detail, the cost to build right now is astronomically high and this is putting upward pressure on the market. Go into Home Depot and see what a gallon of paint sells for. 

Hey Geoffrey,

Where do you live? I'm hoping to put together a group in the Oneonta area. I'm actually going to make a separate post right now. 

 You buy directly from treasurydirect.gov , I suppose you could buy from another institution but then it would likely be less of a return. As far as being able to use your Roth you should be able to, or at least buy into a fund, but contact your plan administrator to find out for sure. 

Welcome to BP! Start getting your education and analyze deals daily. 

Treasury bills are paying 5% and if you stagger their maturity you could have the money ready to go if you find a better opportunity. I've heard of high yield savings accounts paying close to 5% now too. 

Hello Jon,

Just something to consider I don't know the details but beaverdam lake gets drained periodically and its just a mudpitt. 

So you decide if you want to put it in the LLC or your own name.

If you do it in your own name, and live there, you will be able to take a personal residence loan and qualify for loan programs that only require say 5% down + closing costs. This is good for "house hacking" scenarios". 

If you do it in the LLC's name you will have to get a commercial mortgage and put down 20-25%. This is the best way to do it in my opinion as your payment is lower and there is no PMI.

What questions do you have other than that? 

Get some real estate related books and take it with a grain of salt that some of the books are out of date to an extent.

You have to learn how to analyze a property, without being really good at it, or at least moderately good at it, you'll never know if a property is worth buying. I recommend doing at least 5 per day. 

Hello Kevin,

There's a lot to consider.  First off congrats on doing what your doing now, that's a big stepping stone and I wish I did the same thing starting out.  I guess you really have to decide where your planning to move to. That comes first. Start looking at listings on zillow realtor.com trulia whatever and find that area. Then find out if the house your looking for exists. Many areas saw huge appreciation I think its challenging at best to find a duplex where one side pays the whole mortgage anywhere in the country. 

Look at paying into your debt like this: Your making 3.75% ( technically after taxes only  about .75 of that ) on your money when you pay that debt down. You can put money into no risk 4 week treasury bills right now for over 5% ( technically about 4 when you consider taxes ). Its a safe bet that you can make more than 3.75% on your money somewhere else with little to no risk. 

Ultimately though it comes down to what you and your partner want to do. Instead of getting caught up on the numbers figure out an area , see if its feasible, drive to it and look at the area, then see if your willing to take the jump to actually move to that location. 

Craigslist and facebook marketplace are the first two that come to mind. FSBO.com or something like that I believe is a fairly inexpensive service.