All Forum Posts by: Michael King

@Pele Lewis-Zavala George Plumbing Company is great. Www.yell4george.com 210-495-9991

What are some creative ways ya’ll are using to gain insight into new areas that are turning/regentrifying? I.E are you looking at pulled permits, city plans, etc.? Basically how are you spotting “desirable” parts of town before they have the price tag associated with that label?

one last note, owning BTC or any other crypto asset is not an “in lieu of” decision. It should simply be treated as a means to enhance the diversity of your portfolio. Take your risk tolerance, time horizon, and investment objectives into consideration before deciding what percentage of your portfolio to allocate to cryptocurrency. Always buyer beware, there are scam coins out there. Do your research and consider staying in the top 10 by market cap at first. Happy hunting and good luck.

Cheers!

@Patricia Steiner what asset class presents better return than BTC over the past 12 months?

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People fear won’t they don’t understand, and in general the critical mass still does not understand BTC or blockchain. But that time is coming and I believe BTC will be a widely accepted asset class for even institutional money.

My personal opinion is that the return offered by BTC is commensurate with the risk. I also don’t advocate putting more than you are willing to lose on anything, but adding a little bit of BTC to your portfolio certainly isn’t a bad thing.

As far as security, BTC is very easy to own securely. Cold storage is one option but you can also look to use a hardware wallet such as the Ledger Nano S or X or even a trust service such as Gemini or Coinbase, which offer insurance on the funds held. Security is up to the user, not unlike how someone can store cash. Do you keep it on your windshield in plain site or locked away in a vault? The concepts are the same with BTC, you just need to educate and understand your options.

In summary I’m a huge advocate of owning BTC as long as you are looking to hold it, have the stomach to withstand the volatility, and have free cash flow to invest in it. Dollar cost average your way in and enjoy the ride!

@Spenser Murphy

Mike Armstrong Home Services - a good handyman.

Pride Floors and Construction- good for flooring and remodel. Not the cheapest show in town but back their work and do an excellent job.

George Plumbing Company- great plumbing company that handles plumbing remodel work, again not the cheapest but great work and back it with a good warranty.

Elena King, CPA- a good realtor who can help get your property listed and rented. If you need a PM, she can also handle that.

DM me if you need their contact information.

@Stephen Bianes Sure, please DM me and I'll pass over her email. Thanks! 

What are your “best practices” for pre-purchase due diligence for a rental property (single family/duplex/triplex/etc.)?

I.E inspections, repairs, market, financial. What steps are you absolutely performing every time before a purchase and which are you more relaxed with?

I have several templates built but don’t want to get caught in paralysis through analysis.

Cheers.

What are your “best practices” for pre-purchase due diligence for a rental property (single family/duplex)?

I.E inspections, repairs, market, financial. What steps are you absolutely performing every time before a purchase and which are you more relaxed with?

I have several templates built but don’t want to get caught in paralysis through analysis.

Cheers.

@Stone Saathoff definitely situational but I’d definitely consider value add deals.

@Joseph Cacciapaglia 78251? I’ll take a look. Thanks.

What are your thoughts about duplexes around the major bases? Do you think you could get to the 1% of value rents in these areas?

What are p/sf rents looking like over off NG? 20% down, how are they cash flowing?

Thanks!