All Forum Posts by: Randy Bloch

Minneapolis vote was to allow city council to define? So it nothing right now.  St. Paul I thought I heard may 1st date…maybe I heard wrong.

I have so many questions....

1) how does the gov track rents or implement this?  they have to collect all the existing rents and then they track it from there?

2) how is rents determined for a owner occupied property that is converted to a rental?

3) how are concession handled? if i give a month of free rent

4) is there a date this goes in affect in St paul...i thought i heard May 1st

5) seems most cities allow for adjustment to market on a turnover...why is st paul being so restrictive.

U can go bankrupt in either scenario so not a consideration from my POV. U can invest in a DST that is much more diversified than single tenant NNN lease. Multi tenant NNN can gives u some diversification if you have the money. Picking the right deal will critical in both scenarios in my opinion.

Agree it would be better…but comes down to how passive you want to be. To buy NNN property you need identify a property, analyze the deal, set the rent or work with a broker. If don't want to do these tasks or don't have the knowledge to do them….a DST is better.

Traditional retirement calculators don't work very well when you have real estate.  I would build a financial model in excel so you can model as you see fit.

There are ways you can develop more passive real estate cash flow for retirement without totally divesting your real estate holdings.  As Kevin mentioned you will have significant tax hit if you sell due to depreciation recapture and appreciation.  I am applying some of these techniques right now to develop passive cash flow for early retirement

1) cash refinance your properties and invest the cash in syndication or larger multifamily where you can use property management. choose based on how involved you want to be.

2) 1031 into more passive investments like DST, commercial or larger multi family

3) 1031 into properties you might want to vacation in and do VRBO or Airbnb

These techniques can accomplishes a few things, they can be more tax efficient and will keep you much more diversified than selling and investing everything in the stock market. Also, real estate is a good hedge for inflation. 

does anyone have experience with pledged asset mortgages?  a couple of questions

1) are rates competitive with conventional mortgages?

2) can they be for investment properties, 2nd homes (airbnb)?

3) what type of assets can be used (stock, bonds, CD), what about personal real estate, investment real estate and syndications?

Start...as a realtor u have many advantages. If u find the a good deal...run the numbers and pull.the trigger.  Once u start u will learn so much...maybe pause after u get feet wet and learn.  House hack is great way to start.

your going to get the real estate answer 9 times out 10 on BiggerPockets.  FIRE is equal to a income stream > expenses.  There are various way to create a income stream

turo ( car rental)

Peer2peer lending 

Dividends 

Personal business 

Royalty/licensing

STR

LTR

Syndication

Blogs/utube channe

Bond ladder

Affiliate marketing