All Forum Posts by: Account Closed

I'm sorry but there is no way to track who owns what Bitcoin. Those who do not 'believe' (understand) how cryptos, and most importantly, Bitcoin, work, will end up being forced to adopt it at some point. The only thing is, they don't know it yet and they don't realize that when they finally want to buy it, it will be too expensive and no one will want to sell it. Especially not me.

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It may not be your fault. You may have bought at the wrong time in your opinion but rates will come down eventually and buyers will step back in to the market. Can you rent it while you wait for that to happen?

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Lincoln, Nebraska

I'd first read The Passive Investor by Brian Burke.

1 Vote

Go on Nextdoor.com and select for the radius of your local area. People are giving away free furniture. They just want it gone.

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Quote from @Bob Stevens:

Quote from @Account Closed:

I wouldn't be flipping in this environment. The FED reiterated yesterday that rates will remain elevated through 2023.

I also wouldn't want to be flipping while the market is coming down from its recent peak.

Just my take.

So you are waiting on the sidelines and trying to time the market? The ONLY people that make money on the sidelines are coaches :) Just in the last few weeks I have picked up several, SF and MF, all are all in less than 65% of the ARV, All will have a net cap of not less than 15% based on cash purchases. Its all about pricing,. Who cares if props go up or down 5- 10/% when you buy at 60- 65% of the ARV,
All the best

Ex 3/2 nice area, all in 65k, value about 125k, rent 1350, 10 unit, all in 360k value about 460k, net rent about 60k on 90k gross. 4/2 all in 55k, value about 80k, rent 1200,,,,, Its ALL about your network and pricing,

I do not flip, but yes, I am waiting on the sidelines and timing the market.

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Fort Lauderdale, Florida

Quote from @Carlos Ptriawan:

Quote from @Account Closed:

The FED actually said yesterday that rates will remain elevated through 2023 and that they will evaluate cutting rate hikes in the start of 2024. No shot rates get to 5% next year IMO.

When the FED says that inflation is remaining stubbornly-high, I don't think one can count on rates coming down next year.

I wouldn't tell buyers what one thinks rates will do as an incentive to get them to borrow at 8%. Trying to guess what the FED is going to do seems like a poor strategy. I'd wait until December CPI to get a better idea of what inflation is doing and ultimately how the FED will react. FED member Bullard stated yesterday that rates will remain elevated throughout 2023. Jerome speaks tomorrow so that should be insightful.

the fed is the second most important now.
what is important what market wants lol

if we follow fed, today mortgage should be like 8%, but it is not, it is 6.5 and 5.5 is already available for 5/1 arm.

I'm not sure I understand your point. I do know what rates aren't going down anytime soon.

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San Diego, California

Quote from @Ben Einspahr:

@Christopher Young, I just finished a case study of a few different house hacker that closed in the Denver Metro in October of this year. Most of them are rent by the room strategies with 5+ bed homes and using various types of grant programs to pay down interest rate and decrease closing costs. I'll DM you the details.

What are your HH'ing goals?

This sounds enticing. Please DM me, I'm curious to hear more about this.

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Denver, Colorado

I'd make sure that wherever you're buying for the intent to rent on Air BnB, you make sure there won't be a sudden change in legislation that eliminates your business model overnight.

All I got on this.

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Charlotte, North Carolina

I think it is low risk although I don't know much of anything about this business.

How would you scale this? For example, if you've accumulated 50 of these, are you going to go around collecting cash all day?

Best of luck

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Hey Patrick.

Shoot me a DM, happy to chat.

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Charlotte, North Carolina

All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 176 times.

Post: Bitcoin Crypto & Buying Real Estate - Not As Safe As You Think

Post: Rehabbed house won’t sell

Post: advice for starting a syndication

Post: Best place to buy furniture for STR?

Post: Strong Areas for Flipping

Post: Mortgage rates in the 4's and 5's in 2023?

Post: Looking to hear how doing a house hack in the Denver area went?

Post: Asheville or Charlotte suburbs: where to invest for AirBNB?

Post: Low Risk, High Return Investment

Post: Beginning Investor Coffee Meet-Up or Connecting Over The Phone