All Forum Posts by: Greg Moore

@Jerry W. Thanks for your reply. Any advice for me?

In January, I was just about to move forward with my first Vacation Rental property, but put the brakes on it due to COVID-19. But 9 months in, it seems this sub-sector of REI is doing great— maybe even better than Pre-COVID.

For those of you with AirBnB, VRBO, or any other Vacation Rental properties, I’m keen to hear how your property is performing this year? And if you would be so kind to add one “lesson learned” so that I can do well with my first vacation rental, I’d greatly appreciate it!

@Jeff S. Glad this all worked out for you. And thanks for sharing. It’s the kind of story we can learn from.

I’ve had a recent experience that didn’t turn out quite as well. In fact, it remains unclear who owns what— all because the supply chain of “professionals” in the buying/selling processes of residential real estate aren’t really professionals. Many are just punching a clock and doing a half-assed job at their “J-O-B.” There is some kind of transformation needed to elevate the level of professionalism so this kind of error doesn’t happen in the first place (or is not possible). Regardless, I’m glad the system—in the end— worked out for you.

And this just in from Mr. Rich Dad, himself:

@Steven Lowe you’re putting way too much on Pong and not enough on Frogger!! :)

@Steven Ko yes I have a very diversified portfolio with a mix commensurate to my risk profile. It's probably a little heavy in RE (according to my Financial Advisor), but annuities, insurance, 401k, gold, ESPP, and have a Day Trading account that is performing at 66% this year are all part of the mix. I didn't own Bitcoin until March. I snagged some at the drop and have been dollar-cost-averaging my way in to so that account is closer to 100% returns at the moment. I'm looking forward to getting back to REI, but I'm going to be patient and watch for the right deals — even if it's 2-3 years out.

@Autumn Whittington please explain what the word ‘Wort’ means. Is this a wort like the ugly kind that grows on your hand? Is it ‘fly’ talk and this is a new, cool word? ‘ e.g. Dis iz wort it yo!’ Or is it a typo?

@Eric Sammons it's sound advice you offer, Eric. This money WAS going into three SFH but I believe these homes will drop in value in the next 24 mo. I was uncomfortable with the forced-timeline of the 1031 (even with the economic stimulus extensions.)

Bottom line: if Ken McElroy is right (and he is "righterer" than me on REI) then my best Real Estate play is to have ample cash to buy the REO in 2022. So, my extended thinking in service of that goal is to double down on BTC for 24 months and see how we're doing.

While I acknowledge things rarely go exactly as planned, if it did, I would have more cash in 2022 than I would if I bought RE now, and the REO prices will be better than they are now. So maybe instead of 3 SFH it becomes 5? 10? 20+ MF? Who knows. We'll see in 24 mo if my strategy plays out.

@Patricia Steiner you make a good point. The key difference for me between REI and BTC is I have no control over the investment in BTC like I would in RE. Unlike Accredited Investor syndications where you're confident you can expect certain returns, anything could swing the BTC price wildly one way or another. So it DOES feel like speculation more than investing to me. I've been deploying a frequent dollar-cost-averaging hoping (note: "hoping") to not end up on the wrong end of an epic drop.

Having said that, I modeled out 7 investment options and used historical data to predict the future returns. (I know- we have new norms that reset most models). For BTC I then chopped the return WAY back from historical and it still kept up. So far in 2020 BTC is my best performing asset class, and I have been enjoying extraordinary returns from the stock market this year so for BTC to beat it, I’m cautiously optimistic. Plus it’s liquid and there is no debt (all assuming, of course, some mega government doesn’t come out and issue a new world Cryptocurency rendering my BTCs valueless!)

@Charlie Chapman Good luck Charlie. The bulls are predicting $20k per BTC by end of this year.