All Forum Posts by: Julius Chinn

Lets play War game here. Cash for keys tactic.

Say both sides are intelligent sane people.

Tenant knows he has one year left no rent payments,  say $24,000.

How much do you as landlord offer.  MeThinks $21,000 to start.

I think tenant mis-played his hand..................hahahahahahaha.      Now start making some of that str money .

Accreditation means nothing. Its giving up your right to SUE.   Buyer Beware.

Biazzaro World.   Its as if the doubling n tripling of prices since the downturn didnt happen.

Im not a big fan of Grant. I think his syndications are a big fee grab. All are. They have their place.

Everyone agrees RE is a long term hold.  Yet sydications are capped @ 5 years.  WHAT?

But he conceptually makes a lot of great points.

 Tell us where you are offering and at what price points.

I really want to know if my numbers are in the ballpark.

Mr Bill is so one sided he cant see the trees thru the forest.

Any  current re metric is insane.   Has been since 2018/2017.

I dont like Turnkey accounting where the only deductions from rent are mortgage, taxes and insurance.

Biggest cost, Turnover.  Add one month rent in addition to PM monthly fee.  Remove Crayon drawings from wall etc. add a $1,000 for making new tenant ready.

Mr lets talk real estate over pizza doesnt include 10% as a capital replacement fund.  Garbage fees, all kinds of fees associated with property ownership.

That $270,000 sfr is probably near Nellis AF Base.   Surrounded by the Hood.  Leaving Home n Returning you have to go THRU the Hood.  Who needs that.

Theres a reason its cheaper than the median.

House next door  sold for $116,000 is similiar to yours.  If yes i think its time to get Freaky.

You dont have much room for error.

What he is trying to say even though he doesnt know it.  Forget about Real Estate.  You need SEED money. Get that first.

First come marriage then comes the baby carriage.

You are trying to the have the baby before marriage.

No skin in the game in CA.  Id prepare for no evictions till mid 2022.  My sources telling me Biden shutting down country again.  Its what we Voted for. Got to give the people what they want.

People are not getting vaccinated like they thought.  Surprise-very few trust the govt.....

My state thinking of raising umemployment insurance 3X.  From 3% to 9%.

YOU KNOW THE RAINY DAY FUND DAVE RAMSEY RECOMMENDS>>>>>>>>>Well its Raining!

$7,000,000 / 35 properties is $200,000 per.   Must have some real clunkers in there.

Did you go see what you are buying.