All Forum Posts by: Mike Dymski

We would all be happy with this strategy alone...and just flip and make hay while the sun shines.  $225k profit per property...and your idle cash earns/saves high cost of borrowing (as you mentioned) and de-risks development.  You are in a small minority of investors (in all asset classes) that has a highly profitable strategy/opportunity right now.  Double down on it.  Or, scour BP posts and get $200 per month cash flow in the Midwest...

Nice work.  For many of us, our cost structure would be higher than yours (vacancy, turnover, maintenance, cap ex) over the long term.

The government increased the money supply by 40% causing record inflation and interest rate increases.  It impacts the cost of everything...food, shelter, transportation, health, recreation, labor.  There are consequences for our government decisions and a lot of current policy and national sentiment continues to be inflationary (tighter immigration, high tariffs, wars, nationalism/isolationism, child tax credits, student loan forbearance, high government spending/deficits).  There are no surprises here...inflation is a human made thing.  I am not advocating for or against anything...just stating facts.  Absent massive government intervention, normal innovation and globalism keep inflation low (i.e., the 40 years prior to 2022).

There are very few actual transactions discussed on the forums (purchased with someone's own savings).  There are tons of posts (spam) saying that we all should buy.  I am still active (looking to build a hybrid apartment/hotel) but need to execute to truly be active.

For #5, the apartment industry has painting contractors that paint units (including SW paint) for low prices and they knock a unit out in an hour or two. My prior PM used one of these companies and we were paying $300 per unit, $10 per ceiling, and some standard amount per wall repair greater than 1". They don't do SFR and my prior PM almost exclusively managed 20-50 unit communities.

Maybe they were never truly permanent STRs.  2020-2022 was an anomaly due to the pandemic and massive government stimulus.

If you have an agreement, you should be fine with the deposit.

I don't understand why you or (particularly) the resident would sign an agreement other than the actual lease agreement.

Like flipping cars, you can flip homes and make a quick profit (although, it takes time and work to generate a deal flow pipeline and feasible contractor connections).

Live in it for two years as your primary residence and sell it tax free.  Do that every few years and you can build wealth (and experience).  I did that with my first two primary residences.

Ironic.  The government has no cap and increases the money supply by 40% but feels it's appropriate to cap something that was created by their actions/decisions.