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All Forum Posts by: Shafi Noss

Shafi Noss has started 96 posts and replied 543 times.

Post: Get 2 Million eyes on your Turnkey Properties Every Single Month

Shafi NossPosted
  • Investor
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  • Posts 558
  • Votes 304

I know a general contractor in Milwaukee who may be a good match. 

Post: Knob and Tube Wiring

Shafi NossPosted
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  • Posts 558
  • Votes 304

I would just budget to fix it and include that in my offer price. 

Quote from @Scott Trench:

It seems to me that despite the near-constant protests to the contrary from certain people in the dark recesses of the internet, the tendency of large countries with powerful militaries is that they do not collapse. 

However, when I have conversations with perhaps the vast majority of other people in my friends group, and certainly in recesses of internet forums, subreddits, and facebook groups, the prevailing consensus is that I am crazy. 

I am told that the US debt creates imminent collapse. That political turmoil will result in a civil war. That income inequality will have see societal overhaul. That war in other parts of the world will trigger deglobalization and collapse. Etc. Etc. 

People literally believe this and plan their lives and investment approaches around it

These people who argue for collapse often point out things like: 

- Real Wages, adjusted for inflation, are going down over the decades. People today can't buy the same stuff they did 50 years ago (This is totally false).

- The US national debt is at some number that makes it untenable. (The US national debt is high, but not past the point of no return at a 5-6:1 debt to income ratio). 

- Income Inequality is spiraling (Income inequality rose substantially from 2000-2020. In the last few years, income inequality has actually decreased. I believe that this is due to (finally) rising interest rates deflating asset values, which is highly correlated to the exponential increases in income for top earners like CEOs, executives, money managers, RE investors, and Private Equity Groups.

To me, the only logical stance is "rational optimism" (I heard this term from Morgan Housel). There's always going to be a war, pestilence, famine, political power struggle, uprising, strike, terrorist threat, meteor, volcano, tusnami, or other disaster looming on the horizon - and it's impossible to state what the next cataclysm will be. But, at the same time, society marches on. People invent. People find creative new solutions. People optimize. Society finds solutions. Capitalism, and the United States, tends to see the standard of living of it's people increase over time. 

People will protest, scream, stamp, and tell me how wrong and privileged I am. How life is not better today than it was in 1950. 

That's fine. Maybe they are right and I'm missing something. 

But, I will continue to bet on a continued trajectory of progress in quality of life for most people in this country over the ensuing decades. While making sure my position in the near-term is well-fortified against near-term threats that can stop me from realizing the bounty that I believe is inevitable as we march into the future.

I look forward to being told I'm crazy. Tell me about it!


 People through evolution were designed for a world where things often did collapse and stability was the exception. Even though the world is different now, our brains aren't. 

Seeing disaster is all too human, just like belief in the supernatural, or a gloomy disposition even when things are alright. Many people are just born to see the world that way. In a way that makes us the crazy ones, and lucky to be so. 

And don't worry, if you want to be told you're crazy, no better place to grant your wish than the internet.

Post: Fix & Flip inspection

Shafi NossPosted
  • Investor
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  • Posts 558
  • Votes 304

A contractor can't see some issues if the services aren't turned on. I was working on a deal which looked fine when my contractor walked through, when water was turned on the pipes burst. He's not a dumb guy. 

Other times the power was off and we got a full inspection and asked the inspector to keep an eye out for anything that looked strange and everything worked fine. 

I think the best thing to do is turn the utilities on when doing your inspection. If it's not possible ask your inspector to keep a special eye on the utilities and be prepared to take on a little more risk. 

Post: What’s keeping you from investing in real estate right now?

Shafi NossPosted
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  • Posts 558
  • Votes 304

Not enough mentorship from Pace Morby

Post: Will you allow your tenant to paint the walls of your house?

Shafi NossPosted
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  • Posts 558
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I probably would not in lower cost markets with rougher tenants. I would be open to discussing with a high quality tenant who you can communicate well with. 

Post: Reverse Mortgage Assistance

Shafi NossPosted
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  • Posts 558
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Most reverse mortgages are backed by the FHA, a rare private reverse mortgage could be different.

You may try engaging a broker who can connect you with multiple options, rather than just checking with one lender. 

Post: Reverse Mortgage Assistance

Shafi NossPosted
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  • Posts 558
  • Votes 304

If it's an FHA loan, the lender cannot foreclose as long as the borrower is living there and up on the taxes, insurance, HOA, and property condition. Why would he be forced to sell his home and pay the $65k?

Post: Investor/ Interested in wholesale Houston & surrounding area

Shafi NossPosted
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  • Votes 304

I'm active in Houston, happy to connect.