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All Forum Posts by: Jeremiah Dunakin
Jeremiah Dunakin has started 7 posts and replied 151 times.
Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices
- Posts 161
- Votes 142
Quote from @Dan H.:
Quote from @Jeremiah Dunakin:
Quote from @Dan H.:
Quote from @Jeremiah Dunakin:
Quote from @Dan H.:
Quote from @Jeremiah Dunakin:
Quote from @James Wise:
Quote from @Bruce Woodruff:
Here's my take, I believe you are missing some key points (or assuming incorrectly :-)
Put upward pressure on interest rates: Trump's demand that the Fed lower rates will have absolutely no effect.
I disagree. Presidents can, will and do put pressure on the Fed chair. They hire them and can fire them, it's not realistic to think there is no pressure on them. I say Trump puts his size 11s up Powells butt by this summer.
However, the implementation of tariffs, or just the threat of tariffs, is likely to influence rates, by impacting inflation numbers, and this influence may come quickly if prices for many common goods and services and raw materials rise
You are assuming that the typical view of Tariffs that we hear from the Dems and the Media are the way they actually work. If you listen to other economists, there are different views on this. And once the 'Reciprocal Tariffs' go into effeect, that's a whole new game. This whole Tariff thing should be short-lived anyway, I see little effect on the economy overall...
I personally believe it is unlikely that Trump actually deports millions of illegal immigrants who have settled in the United States. This, to me, seems impractical, and a PR nightmare.
I think Mr Trump will indeed deport 'a bunch', probably many millions by the time we are done, but certainly I would see the number in excess of a million, easy. He doesn't care about the PR either, the most recent poll saw 70% approval IIRC. The immigration was a huge reason he was elected.
Just my $.02.......
This is where so many people on the left miss the boat. The negative PR he's getting for the deportations is only from the left. As Bruce said, his stance on deportations is a major reason why he was elected. Whether you are pro or anti deportation is one thing, but it's wild to me how many on the left fail to read the room. America has spoken and the left's PR stance on open boarders and immigration is no longer something the majority of Americans agree with. What MSNBC says about the deportations does not matter to the majority of Americans as they are in favor of them.
Agreed, the American people voted for what’s going on. They voted and they voted overwhelmingly to do it. Like the man and his policies or not. The fact remains that his approval numbers are as high as they ever were. He is doing what he voted in to do. It’s amazing (I said this durning the last administration as well ) that people just don’t look at reality. They want to hate (sadly that’s where we are pure unbridled hatered) a party or group of people. Just look at facts. We see policy from both sides. Does it work? Yes or No. doesn’t matter who signs the bill. Does it work
Overwhelmingly to me would imply at least a majority. I do not know your definition of overwhelmingly, but they did not vote overwhelmingly for trump even using my fairly low threshold of having the majority of voters vote for him.
There is this false narrative that there is a clear mandate by the people. Reality is trump did not get the majority of the vote and the senate and house majorities are very thin.
The country and the populace are very divided and have been this way for a while. It is not good. I wish both parties had nominated more moderate candidates, but I could also wish to win the lottery and it has zero impact.
@sctot trench I disagree about your direction on prices as labor used for housing will increase. Material cost is likely to increase. This will slow new housing and make it more expensive. Supply in desirable areas is already less than demand. Any deportations will not overcome this imbalance. Land is finite in many of these desirable areas. So providing housing in these areas is full of challenges.
It’s going to be a bumpy ride ..
We can play the word game all day long. He won the popular vote and the electoral vote. He won a lot of the union vote as well as double on voters from non traditional bases. This is what I was talking about in another post. People don’t accept reality. It was a landslide he swept the blue wall picked up Georgia and North Carolina. To me that classifies as a majority. There was a clear mandate by the people of the united states(it doesn’t matter how I feel about it) everyone knew what he was running on. And yet he picked up roughly 2 million more votes than 2020 and Dems lost roughly 7 million. That’s a 9 million vote swing. To me that is people accepting his position. We can split hairs all we want and not like the outcome but he fact remains the house was held red the senate flipped red and the presidency is red. That signals that people want change(whether I agree or not) the fantasy world of not acknowledging people’s wants and desires not being in touch and having wordplay is exactly why the red wave happened.im not an eagles fan but its clear to me they dominated the Super Bowl (whether I like it or not)
>To me that classifies as a majority.
Now you are redefining majority. Seriously? Winning a majority of the vote means he got over 50% of the vote. He did not unless you change the definition of majority.
He won the popular vote by a smaller margin than any democratic victor going back to JFK. This is the vote you indicated overwhelmingly voted for trump. under that definition every democratic winner (and possibly some democratic losers) since JFK where more overwhelming voted for.
Definitions matter. Making up definitions to support the narrative you desire is misleading. Incorrect usage of majority added to questionable usage of overwhelmingly to advance a narrative is deceitful.
The US is getting more divided. false narrative does not help. My view is in general it has been going this way for decades.
Out
Fair enough. We can play word games all day. We can say Biden and Obama won overwhelmingly. That is fine. This is isn’t about about picking sides. Its about people either voted for him based on his clearly laid out agenda, Or they didn’t vote against it. Regardless all the chambers are Red. Call it what you will.what I know is there was a 9 million vote swing. My opinion or thoughts on the matter don’t change who in office.the people have spoken and have said they want what he campaigned on.Be it a blow out or one vote win. In the end it doesn’t matter the size of the win. A win is a win. I hope he does well. I hope the next president does well. I hope you do well.
What’s my narrative? I don’t have one I stated that republicans swept the elections they have an all red house. To me that is kinda of a blowout. I feel like the country “ overwhelmingly “ felt this way since it was a sweep in popular and electoral house and senate as well as I don’t think democrats did better in any county than they did last time. These are truths. Sorry we don’t see eye to eye on terms. Sheesh is this how bill mauer feels
This view I more understand. The legislature, executive, and judicial are all red currently. But the margins on both legislative branches are very small. The Executive branch did not get the majority of the vote. If left leaning justices were more aware of their health and the nature of the legislative branch, the judicial could have a different makeup.
I also want to point out that my view of overwhelming does not apply to any term since Reagan. It is rare that a party has control of all 3 branches, even if the margin is razor thin. It is the reality.This does not change that I wish the country was less divided. I think the fact that all 3 branches are currently right leaning does not imply that the country is not very divided.
I hear JD and Trump state falsehoods like Trump won the majority of the vote or there is a clear mandate. The reality is his margin of victory on the popular vote is less than every democratic winner going back to JFK. they state this falsehood to give the false impression that the majority of voters voted for his actions (which is not the case).
I agree some things needed addressing but believe that many of Trumps actions are against the law. The deficit needs addressing, but congress should have control of the purse. Congress is abdicating their power because they do not have the votes to do the things that trump is doing by executive order that are not in his power to lawfully do. It is an interesting but dangerous precedent.
I view this as potentially very dangerous. I think we all hope this works out.
Regardless, I think we are in for a bumpy ride. fortunately, I believe that I would do great financially regardless of who won the presidential election. If taxes go down for higher tax basis, I will move more taxable money to tax free options allowing for greater wealth preservation.
Good luck
I could be wrong but I think he is gonna be able to push through what he was voted in to do. He has both senate and house. This gonna help him push his agenda. We can not like the man in office all we want, but once the charade is over he is gonna be able to do what his constituents voted him in n to do.word it how you may but more people were in favor of his policies than were opposed. Regardless how it’s spun. People are going to expect a return in thier investment. He said such and such. Now the greater number of people who voted for him expect him to follow through.We may not like the political arena but the other side is not always wrong and my side is not always correct. Take the propaganda out of each party and look at actual content I think we would be less “devisive”. Hope you do well in the next four years and the four after that
Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices
- Posts 161
- Votes 142
Quote from @Dan H.:
Quote from @Jeremiah Dunakin:
Quote from @Dan H.:
Quote from @Jeremiah Dunakin:
Quote from @James Wise:
Quote from @Bruce Woodruff:
Here's my take, I believe you are missing some key points (or assuming incorrectly :-)
Put upward pressure on interest rates: Trump's demand that the Fed lower rates will have absolutely no effect.
I disagree. Presidents can, will and do put pressure on the Fed chair. They hire them and can fire them, it's not realistic to think there is no pressure on them. I say Trump puts his size 11s up Powells butt by this summer.
However, the implementation of tariffs, or just the threat of tariffs, is likely to influence rates, by impacting inflation numbers, and this influence may come quickly if prices for many common goods and services and raw materials rise
You are assuming that the typical view of Tariffs that we hear from the Dems and the Media are the way they actually work. If you listen to other economists, there are different views on this. And once the 'Reciprocal Tariffs' go into effeect, that's a whole new game. This whole Tariff thing should be short-lived anyway, I see little effect on the economy overall...
I personally believe it is unlikely that Trump actually deports millions of illegal immigrants who have settled in the United States. This, to me, seems impractical, and a PR nightmare.
I think Mr Trump will indeed deport 'a bunch', probably many millions by the time we are done, but certainly I would see the number in excess of a million, easy. He doesn't care about the PR either, the most recent poll saw 70% approval IIRC. The immigration was a huge reason he was elected.
Just my $.02.......
This is where so many people on the left miss the boat. The negative PR he's getting for the deportations is only from the left. As Bruce said, his stance on deportations is a major reason why he was elected. Whether you are pro or anti deportation is one thing, but it's wild to me how many on the left fail to read the room. America has spoken and the left's PR stance on open boarders and immigration is no longer something the majority of Americans agree with. What MSNBC says about the deportations does not matter to the majority of Americans as they are in favor of them.
Agreed, the American people voted for what’s going on. They voted and they voted overwhelmingly to do it. Like the man and his policies or not. The fact remains that his approval numbers are as high as they ever were. He is doing what he voted in to do. It’s amazing (I said this durning the last administration as well ) that people just don’t look at reality. They want to hate (sadly that’s where we are pure unbridled hatered) a party or group of people. Just look at facts. We see policy from both sides. Does it work? Yes or No. doesn’t matter who signs the bill. Does it work
Overwhelmingly to me would imply at least a majority. I do not know your definition of overwhelmingly, but they did not vote overwhelmingly for trump even using my fairly low threshold of having the majority of voters vote for him.
There is this false narrative that there is a clear mandate by the people. Reality is trump did not get the majority of the vote and the senate and house majorities are very thin.
The country and the populace are very divided and have been this way for a while. It is not good. I wish both parties had nominated more moderate candidates, but I could also wish to win the lottery and it has zero impact.
@sctot trench I disagree about your direction on prices as labor used for housing will increase. Material cost is likely to increase. This will slow new housing and make it more expensive. Supply in desirable areas is already less than demand. Any deportations will not overcome this imbalance. Land is finite in many of these desirable areas. So providing housing in these areas is full of challenges.
It’s going to be a bumpy ride ..
We can play the word game all day long. He won the popular vote and the electoral vote. He won a lot of the union vote as well as double on voters from non traditional bases. This is what I was talking about in another post. People don’t accept reality. It was a landslide he swept the blue wall picked up Georgia and North Carolina. To me that classifies as a majority. There was a clear mandate by the people of the united states(it doesn’t matter how I feel about it) everyone knew what he was running on. And yet he picked up roughly 2 million more votes than 2020 and Dems lost roughly 7 million. That’s a 9 million vote swing. To me that is people accepting his position. We can split hairs all we want and not like the outcome but he fact remains the house was held red the senate flipped red and the presidency is red. That signals that people want change(whether I agree or not) the fantasy world of not acknowledging people’s wants and desires not being in touch and having wordplay is exactly why the red wave happened.im not an eagles fan but its clear to me they dominated the Super Bowl (whether I like it or not)
>To me that classifies as a majority.
Now you are redefining majority. Seriously? Winning a majority of the vote means he got over 50% of the vote. He did not unless you change the definition of majority.
He won the popular vote by a smaller margin than any democratic victor going back to JFK. This is the vote you indicated overwhelmingly voted for trump. under that definition every democratic winner (and possibly some democratic losers) since JFK where more overwhelming voted for.
Definitions matter. Making up definitions to support the narrative you desire is misleading. Incorrect usage of majority added to questionable usage of overwhelmingly to advance a narrative is deceitful.
The US is getting more divided. false narrative does not help. My view is in general it has been going this way for decades.
Out
Fair enough. We can play word games all day. We can say Biden and Obama won overwhelmingly. That is fine. This is isn’t about about picking sides. Its about people either voted for him based on his clearly laid out agenda, Or they didn’t vote against it. Regardless all the chambers are Red. Call it what you will.what I know is there was a 9 million vote swing. My opinion or thoughts on the matter don’t change who in office.the people have spoken and have said they want what he campaigned on.Be it a blow out or one vote win. In the end it doesn’t matter the size of the win. A win is a win. I hope he does well. I hope the next president does well. I hope you do well.
What’s my narrative? I don’t have one I stated that republicans swept the elections they have an all red house. To me that is kinda of a blowout. I feel like the country “ overwhelmingly “ felt this way since it was a sweep in popular and electoral house and senate as well as I don’t think democrats did better in any county than they did last time. These are truths. Sorry we don’t see eye to eye on terms. Sheesh is this how bill mauer feels
Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices
- Posts 161
- Votes 142
Quote from @Dan H.:
Quote from @Jeremiah Dunakin:
Quote from @James Wise:
Quote from @Bruce Woodruff:
Here's my take, I believe you are missing some key points (or assuming incorrectly :-)
Put upward pressure on interest rates: Trump's demand that the Fed lower rates will have absolutely no effect.
I disagree. Presidents can, will and do put pressure on the Fed chair. They hire them and can fire them, it's not realistic to think there is no pressure on them. I say Trump puts his size 11s up Powells butt by this summer.
However, the implementation of tariffs, or just the threat of tariffs, is likely to influence rates, by impacting inflation numbers, and this influence may come quickly if prices for many common goods and services and raw materials rise
You are assuming that the typical view of Tariffs that we hear from the Dems and the Media are the way they actually work. If you listen to other economists, there are different views on this. And once the 'Reciprocal Tariffs' go into effeect, that's a whole new game. This whole Tariff thing should be short-lived anyway, I see little effect on the economy overall...
I personally believe it is unlikely that Trump actually deports millions of illegal immigrants who have settled in the United States. This, to me, seems impractical, and a PR nightmare.
I think Mr Trump will indeed deport 'a bunch', probably many millions by the time we are done, but certainly I would see the number in excess of a million, easy. He doesn't care about the PR either, the most recent poll saw 70% approval IIRC. The immigration was a huge reason he was elected.
Just my $.02.......
This is where so many people on the left miss the boat. The negative PR he's getting for the deportations is only from the left. As Bruce said, his stance on deportations is a major reason why he was elected. Whether you are pro or anti deportation is one thing, but it's wild to me how many on the left fail to read the room. America has spoken and the left's PR stance on open boarders and immigration is no longer something the majority of Americans agree with. What MSNBC says about the deportations does not matter to the majority of Americans as they are in favor of them.
Agreed, the American people voted for what’s going on. They voted and they voted overwhelmingly to do it. Like the man and his policies or not. The fact remains that his approval numbers are as high as they ever were. He is doing what he voted in to do. It’s amazing (I said this durning the last administration as well ) that people just don’t look at reality. They want to hate (sadly that’s where we are pure unbridled hatered) a party or group of people. Just look at facts. We see policy from both sides. Does it work? Yes or No. doesn’t matter who signs the bill. Does it work
Overwhelmingly to me would imply at least a majority. I do not know your definition of overwhelmingly, but they did not vote overwhelmingly for trump even using my fairly low threshold of having the majority of voters vote for him.
There is this false narrative that there is a clear mandate by the people. Reality is trump did not get the majority of the vote and the senate and house majorities are very thin.
The country and the populace are very divided and have been this way for a while. It is not good. I wish both parties had nominated more moderate candidates, but I could also wish to win the lottery and it has zero impact.
@sctot trench I disagree about your direction on prices as labor used for housing will increase. Material cost is likely to increase. This will slow new housing and make it more expensive. Supply in desirable areas is already less than demand. Any deportations will not overcome this imbalance. Land is finite in many of these desirable areas. So providing housing in these areas is full of challenges.
It’s going to be a bumpy ride ..
We can play the word game all day long. He won the popular vote and the electoral vote. He won a lot of the union vote as well as double on voters from non traditional bases. This is what I was talking about in another post. People don’t accept reality. It was a landslide he swept the blue wall picked up Georgia and North Carolina. To me that classifies as a majority. There was a clear mandate by the people of the united states(it doesn’t matter how I feel about it) everyone knew what he was running on. And yet he picked up roughly 2 million more votes than 2020 and Dems lost roughly 7 million. That’s a 9 million vote swing. To me that is people accepting his position. We can split hairs all we want and not like the outcome but he fact remains the house was held red the senate flipped red and the presidency is red. That signals that people want change(whether I agree or not) the fantasy world of not acknowledging people’s wants and desires not being in touch and having wordplay is exactly why the red wave happened.im not an eagles fan but its clear to me they dominated the Super Bowl (whether I like it or not)
I always am perplexed by this question. I have sfh that I manage. I probably spend an hour a year there. That includes changing filters, lease agreements, walkthroughs. So my understanding is simple.
I usually hear a property manager can handle the following things. They can screen tenants and place them, they can handle repairs, they can deal with evictions, they can handle rent collections, they can handle laws.For 10% and a months rent they can deal with this. This all sounds amazing to me.
But in my short four years of owing a property here is my thoughts. Rent Redi or many other apps can screen tenants including criminal, eviction, and income verification along with credit checks. They also handle rent collections. This ain’t 1985 where we go pick up checks. Online payment. If there is a repair needed I can either do it(some may not be as handy) or I can call a skilled trade guy. If they are handling evictions then maybe they are not doing a good job of screening. Paying someone to fix thier mistake seems odd to me. I payed you to place a good tenant because of your skill,experience,and knowledge. But you failed on that so you want me to pay you to get rid of a problem that you created. I guess I’m loss. If I had a bunch of houses and hired a plumber to fix a leak in the first house and he “fixed it” then six months his method fails. I am not gonna pay him to come out and fix his mistake. Then hire him to “fix”plumbing in another house. It’s absurd to pay someone who fails at thier job to correct thier problem. I guess if I get big and get constant calls maybe I will fire myself and hire someone to run it. I just try to see problems and correct them before it’s major.i do the same thing for machines at work my autos and my house.
Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices
- Posts 161
- Votes 142
Quote from @James Wise:
Quote from @Jeremiah Dunakin:
Quote from @James Wise:
Quote from @Bruce Woodruff:
Here's my take, I believe you are missing some key points (or assuming incorrectly :-)
Put upward pressure on interest rates: Trump's demand that the Fed lower rates will have absolutely no effect.
I disagree. Presidents can, will and do put pressure on the Fed chair. They hire them and can fire them, it's not realistic to think there is no pressure on them. I say Trump puts his size 11s up Powells butt by this summer.
However, the implementation of tariffs, or just the threat of tariffs, is likely to influence rates, by impacting inflation numbers, and this influence may come quickly if prices for many common goods and services and raw materials rise
You are assuming that the typical view of Tariffs that we hear from the Dems and the Media are the way they actually work. If you listen to other economists, there are different views on this. And once the 'Reciprocal Tariffs' go into effeect, that's a whole new game. This whole Tariff thing should be short-lived anyway, I see little effect on the economy overall...
I personally believe it is unlikely that Trump actually deports millions of illegal immigrants who have settled in the United States. This, to me, seems impractical, and a PR nightmare.
I think Mr Trump will indeed deport 'a bunch', probably many millions by the time we are done, but certainly I would see the number in excess of a million, easy. He doesn't care about the PR either, the most recent poll saw 70% approval IIRC. The immigration was a huge reason he was elected.
Just my $.02.......
This is where so many people on the left miss the boat. The negative PR he's getting for the deportations is only from the left. As Bruce said, his stance on deportations is a major reason why he was elected. Whether you are pro or anti deportation is one thing, but it's wild to me how many on the left fail to read the room. America has spoken and the left's PR stance on open boarders and immigration is no longer something the majority of Americans agree with. What MSNBC says about the deportations does not matter to the majority of Americans as they are in favor of them.
Agreed, the American people voted for what’s going on. They voted and they voted overwhelmingly to do it. Like the man and his policies or not. The fact remains that his approval numbers are as high as they ever were. He is doing what he voted in to do. It’s amazing (I said this durning the last administration as well ) that people just don’t look at reality. They want to hate (sadly that’s where we are pure unbridled hatered) a party or group of people. Just look at facts. We see policy from both sides. Does it work? Yes or No. doesn’t matter who signs the bill. Does it work
Imagine if a T-Shirt business tried to operate as the Left Wing Media does. It would look like this...
T-Shirt Co: We are Selling Yellow Shirts.
Customers: We don't like Yellow Shirts. We like Blue Shirts. Make Blue Shirts and we will buy them.
T-Shirt Co: We aren't going to make Blue Shirts. If you buy Blue Shirts you are racist. How many Yellow Shirts would you like to buy you racist POS?
It’s sad but true. I just don’t understand. I feel like the older I get the more I don’t understand. To me if the math ain’t mathing. Well then it doesn’t make sense. People have a preconceived bias and they have blinders on and rage to the point of insanity. At the end of the day they don’t have a standard they live by. They only have “their truth”. I use to be that way when I was a child and voted that way. One day I decided I’m gonna do just a tad bit of research not a lot just a little and see where things actually are. I’ve never felt so free.
Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices
- Posts 161
- Votes 142
Quote from @James Wise:
Quote from @Bruce Woodruff:
Here's my take, I believe you are missing some key points (or assuming incorrectly :-)
Put upward pressure on interest rates: Trump's demand that the Fed lower rates will have absolutely no effect.
I disagree. Presidents can, will and do put pressure on the Fed chair. They hire them and can fire them, it's not realistic to think there is no pressure on them. I say Trump puts his size 11s up Powells butt by this summer.
However, the implementation of tariffs, or just the threat of tariffs, is likely to influence rates, by impacting inflation numbers, and this influence may come quickly if prices for many common goods and services and raw materials rise
You are assuming that the typical view of Tariffs that we hear from the Dems and the Media are the way they actually work. If you listen to other economists, there are different views on this. And once the 'Reciprocal Tariffs' go into effeect, that's a whole new game. This whole Tariff thing should be short-lived anyway, I see little effect on the economy overall...
I personally believe it is unlikely that Trump actually deports millions of illegal immigrants who have settled in the United States. This, to me, seems impractical, and a PR nightmare.
I think Mr Trump will indeed deport 'a bunch', probably many millions by the time we are done, but certainly I would see the number in excess of a million, easy. He doesn't care about the PR either, the most recent poll saw 70% approval IIRC. The immigration was a huge reason he was elected.
Just my $.02.......
This is where so many people on the left miss the boat. The negative PR he's getting for the deportations is only from the left. As Bruce said, his stance on deportations is a major reason why he was elected. Whether you are pro or anti deportation is one thing, but it's wild to me how many on the left fail to read the room. America has spoken and the left's PR stance on open boarders and immigration is no longer something the majority of Americans agree with. What MSNBC says about the deportations does not matter to the majority of Americans as they are in favor of them.
Agreed, the American people voted for what’s going on. They voted and they voted overwhelmingly to do it. Like the man and his policies or not. The fact remains that his approval numbers are as high as they ever were. He is doing what he voted in to do. It’s amazing (I said this durning the last administration as well ) that people just don’t look at reality. They want to hate (sadly that’s where we are pure unbridled hatered) a party or group of people. Just look at facts. We see policy from both sides. Does it work? Yes or No. doesn’t matter who signs the bill. Does it work
Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices
- Posts 161
- Votes 142
My .02$ that isn’t worth .02$
People freak out about trump. We have lived through his first presidency. We seen how he is gonna move. People have their biased attitudes towards him and refuse to look at actual data or more importantly their pocketbooks. The same with Biden. It’s insane to me that people argue about it. What was price of everything for average man durning Trumps first term. What was gallon gas cost? Diesel(which affects prices big time)? What about a pound of hamburger? What was mortgage rates? How was your 401k? What was price of a 2X4 or a box of screws. What was restrictions like and how hard was it to do certain things? Was permitting easier or harder?Safety was it good or bad. What was your household tax rate/ not the 1% but your tax rates? How was jobs and finding a job in your area?
Take any bias out of your equation and don’t think about party lines and just ask yourself really how was life like under Trump under Biden and you can see really where are. Be honest with yourself.
I am no political or policy expert. I can throw up terms and buzzwords all day long. There is a reality that we have lived through. That’s the proof in the pudding. Not what Fox Facebook or the break table thinks, but actual 4 years as evidence.
Post: Appreciation or Cash Flow Focus When Starting Out
- Posts 161
- Votes 142
I’m not a guru guy and hate to hear the latest buzz word from bigger podcast. That said David Greene just gave a good analogy. He said cash flow is the blood of your portfolio. I wholeheartedly agree. Furnaces break roofs need replaced and plumbing needs repaired. Me personally I look at my rental as a business everything is paid for by rental. I save all my cash flow for a couple years. While paying down loan. I’ve got enough to cover a roof and a furnace.none of this came from my pockets but tenants. Cash flow is not the only factor in making money but a cash flowing property might be able to pay the expenses and up keep of two properties while one just appreciates.
Post: Where Do You Find the Funds for the Down Payment?
- Posts 161
- Votes 142
Quote from @John Morgan:
I've bought 5 houses by using 401k loans as down-payments. I've bought some houses with 0% interest for a year credit cards and a few with consumer lines of credit from banks. I use all the rental cash flow to pay these loans off asap, then repeat. I've also used a HELOC to buy a couple houses. And don't forget about tapping into equity if you have any. I bought 14 houses basically for free by harvesting the equity in my houses by doing 5 cash out refis. I use that cash to scale up and buy more cash flowing houses with zero $ out of pocket. That's how I've grown my portfolio of SFR without using hardly any of my own money.
John I’m so glad to see others pursue this way. I have one single family rental now. I used 401k loan to get money for down payment and repairs. It is the best money I’ve ever spent. I can take two loans out and I am looking to do it again as my first loan is about paid for. I am paying original loan off two years early. Even if I do exact same thing I will have two houses instead of one to pay loan back. Again very nice to see others pursue this avenue
Post: I need help, not sure what to do with consolidating debt/life
- Posts 161
- Votes 142
First good job in addressing the issue. It’s not always easy to say you in debt. No shame in it. Second I would do what I could to get rid of that credit card interest. See if you could apply for a zero percent balance transfer. There is usually a small fee like 3% but the amount you would save on interest would be more than enough to cover that one time transaction. Look at getting hyper focus on that credit card debt that is eating your money up big time on just interest. The 401k loan while it may stink at least you are probably paying yourself back(I think). Set a goal do your best to stick to goal, even if you fail keep going.