All Forum Posts by: Andrey Y.

 The dude who was wrong hasn't properly admitted it yet. So I'd vote for the "I told you so" guy.

Originally posted by @Connor Dunham:

Originally posted by @Andrey Y.:

Originally posted by @Han T.:

@Will Fraser

How about Alaska? I have the same dream like you and thought that's a nice place for me.

 How's 8 months of winter sound? 3 of those months it's too cold to spend more than 3 minutes outside. I did that for 3 years. Summers are beautiful, but Alaska isn't as glamorous as it sounds.

9 deg. F today. Could be worse.

 I was deep in the interior AK. Anchorage isn't bad. Winters are shorter. Though -10F and windy is brutal.

 How's 8 months of winter sound? 3 of those months it's too cold to spend more than 3 minutes outside. I did that for 3 years. Summers are beautiful, but Alaska isn't as glamorous as it sounds.

I've had 3000+ miles away active and passive real estate investments going on 9 years. I would argue its easier. If you're talking about investing, the less you are involved, the better. If you are looking for a JOB, you should invested in your backyard ;)

 PM me. We'll get you on our email string.

Congrats, Bryce! From a fellow active duty guy.

My magic number is $10K income a month or $150K capital gains a year post-tax, although I live very nicely on a lot less.

I spent 14.5 years training for my specialty straight through, and I'm consider R/E as you did. Already FI. Will be tough to say no to $600K/yr gigs, but if you know me, not really :)

I started with rentals (still have some) then went heavily into passive syndications. Leave it to the professionals. I get the same IRR without the headaches. Even recently doing a 1031 exchange and buying one rental is something I never want to spend time on again if I can help it.

Just refi'd out of my VA loan in Hawaii, may use a VA loan just one last time before I get out ;)

6 month goal is $9K/mo. in passive income.. or $75k/yr.. 5 year goal is Mandarin fluency, 30K passive vocabulary, being able to read novels and Classical Chinese.

I love my job now and I love RE, there is just too much else in live to experience.

Things will be back to normal in 2022-23 (assuming there isn't a concerted Big Reset plan). This is like any other virus - only 2 options, 1. the suceptible die out and 2. herd immunity. Even if cases are overestimated (Most common Covid PCR test using an absurd 47 PCA cycles - manufacturer and scientists agree that above 25 cycles a PCR test is invalid), and every country tabulating Covid-19 deaths differently, this eventually works itself out. It just depends how long people continue to believe/comply with governments' policies based on faulty/incorrect data or perverse incentives.

 Any update on Zibo? Virtually no info on it available on BP.

 Did you pay full asking?

 Yes, wake up! Low margin retail and hospitality businesses cannot survive on 25% or 50% of normal capacity (masks, social distancing) this is all different ways of saying the same thing.