All Forum Posts by: Account Closed

This software is nuts I'd rather be invested in them than any RE

Bitcoin 

You're one act of legislation away from losing your business model in an Air BnB. More and more counties are starting to ban them and people are starting to scale out of short term rentals for this reason. I think there is significantly less risk in Section 8 because no matter what, the government is sending you a check every month. 

I am an analyst at a real estate investment advisory firm and help clients invest out of state. In midwestern markets in specific. Feel free to reach out 

I have never understood why people are so keen to sell an asset that goes up in value in exchange for dollars that go down in value... Is your return really going to be that much better elsewhere after factoring in selling costs?

 Shoot me a DM

I'd be crystal clear and certain that there will not be legislation passed to ban STRs. I know a lot of mountain towns are going through this. 

I recently borrowed at 6%. I don't know when rates will come down. They may stay where they are now all year. 

I don't think it's the best strategy to rent and pay 100% in interest waiting for rates to come down. That may take a month, it may take a year, it may take 4 years. If you wouldn't bet on rates coming down soon, why bet on them coming down by signing a lease? 

Is your goal with the house hack to have $0 in shelter expenses each month? Maybe that's going to be tough right now. I don't know - I've never tried to house hack. I've spent a lot of time underwriting 'house hacks' and came to the conclusion that even if I'm getting into a place slightly below the market cost, I'm winning. 

You can get a hard money lender to fund anything. I'd try to come up with the cash for a down payment and earnest so you aren't 100% leveraged. If you don't have any cash and finance 100% of a property, you aren't in a better place once you own the property. What happens when a tenant doesn't pay rent? What happens when there's a $2,500 expense that requires immediate fixing? You should have cash for the down payment as well as plentiful cash on hand for unanticipated expenses because those WILL come up.

Just my take. 

If you plan on being a real estate agent then yes. If your goal is to invest in real estate I personally don't think it's a good use of time to get a license unless you plan on brokering real estate transactions.