All Forum Posts by: Steve K.

To answer your question long term we aren’t going to pay for all that. Taxes will he raised sometime in the mid to late 2020s , and SS and Medicare will either be gutted or benefits reduced probably roughly 25 percent

you need to work harder to make sure my SSI is not gutted.. or reduced we are counting on you guys and gals to pull us through

I’d be happy to get anything lol. I expect to get nothing.

since I was in high school, I've always assumed I was not going to get any SS

1 Vote

for truly passive, without a doubt, syndications or lending/notes

there is, of course, due diligence to be done at the beginning, but after that, it is monitoring and collecting checks

I went through this discussion with a friend a year and a half ago, and after a few months of discussion, we were able to come up with this conclusion

well, I came up with it after a few weeks, it took my friend a couple of months to be fully convinced

there are a few syndicators on BP that are highly respected and post a lot, and some people that are also highly respected that can help you with notes/lending

and there are more out there on the internets, but you are of course going to have to vet them further

good luck on your journey

aloha

steve

1 Vote

50% cash (like almost exactly half, to the hundredth of a percent)

23.4% sfh

18.6% stock (only one, LOL)

8.1% syndication (office park, MFH, raw land, self-storage)

so 31.5% is RE

1 Vote

Originally posted by @Account Closed:

Originally posted by @Steve K.:

Hi Steve- How you took my post as disrespecting @Jay Hinrichs is confusing- I agree 100% with his post sir. I am actually modeling my change in strategy to his i.e new construction etc and moving to higher appreciation markets and new construction vs my old strategy. Please relax. In terms of all caps- the App on iPhone gets a glitch every now and then lol. And makes my caps sticky etc.

Have a good day sir.

@Benjamin maciel

my apologies for misinterpreting you

you tagged @jay Hinrichs and said "but hopefully you are not using it as an excuse to sit on your *** because “deals” are getting harder to find", so I took that as disrespectful. I consider jay to be a friend and mentor, so I took it personally. once again, my apologies.

good luck in your venture and have a great week

aloha

steve

0 Votes

Originally posted by @Jay Hinrichs:

Originally posted by @Robert M.:

I have lost count as to how many credible real estate investors have suggested to me that we are in the beginning stages of a real estate correction/stabilization. I personally welcome an increase in DOM so to help my long-term investment opportunity. Every investment property for sale in my area has a cap rate of 4% or less. I won't buy unless I have cash flow and a cap rate of 8%, just not a speculative investor, not to mention we worked too hard to get to this point and aren't willing to risk everything on an overpriced property. It has been tough to compete with all the 1031 money in the system the last few years.

I personally welcome higher interest rates and inflation. The last downturn made millionaires of those who weren't leveraged and had access to cash. I, along with everyone else I have spoken with do not believe we are in a bubble, the subprime and 50-year mortgages don't exist. This is just a correction stabilization, a normal cyclical event in real estate.

I'm jacked up that DOM is increasing, finally going to get back in the game for the right reasons.

Now, who wants to buy some investment real estate at a discount and get instant equity?

I was talking to my banker in Hillsboro and asking them how the other builders are doing and its slow across the board.. and I think what you seeing Is pricing finally starting to level off.. which will mean subs will have to quite jacking their prices and lumber will have to calm down or building is going to slow a lot .

Now one thing that was floated at least in our area here is this was the first summer that many finally felt financially safe enough to go on that extended vacation that they had been putting off so foot traffic is way down.. and I know when I go to PDX I am usually parking on the very top floor :).. and airline tickets to Hawaii have doubled and tripled .. so we know demand is there.

@jay Hinrichs

southwest is going to start flying to Hawaii soon...

0 Votes

"Be excellent to each other.

AND PARTY ON, DUDES!"

7 Votes

Originally posted by @Eric James:

Originally posted by @James Mabe:

There are "turn key" wife companies all over the internet. Seriously, internet dating wasn't my thing, but it's worth a shot. Put yourself out there, like the 'shotgun theory' in sales, keep shooting in the air and something will fall.

The problem is turnkey providers don't provide continued management to keep your asset performing as promised.

they often do not include CapEx in the proforma, hiding the real cost of the transaction...

19 Votes

@David Thompson provided me with some of the best information on his blog when I first started looking at syndications

https://www.thompsoninvesting.com/blog-1

I recently received this from @Joe Fairless, and it is quite thorough

https://joefairless.com/passive-investors/

aloha

steve

2 Votes

Originally posted by @Jay Hinrichs:

David read the threads on Morris invest … you may change our mind about that company... MI is the gold standard.

and for pure passive being the bank in performing first trust deeds is about as good of mail box money as you can get.

As the herd floods to rentals.. being the bank is looking more attractive for those wishing to let this uber hot market calm a tad.

to clarify what @jay Hinrichs said, STAY AWAY from morris invest

and when he says MI, he is referring to Memphis invest as the gold standard for turnkey

in terms of hands off, as jay says, notes are the most passive, next would be to find a great syndicator/project

aloha

steve

1 Vote

All Forum Posts by: Steve K.

Steve K. has started 6 posts and replied 246 times.

Post: Have Real Estate prices peaked?

Post: If you had 250k in cash to invest in real estate....

Post: Whats percentage of your net worth is in RE ?

Post: It's Feeling a Lot Like 2007

Post: It's Feeling a Lot Like 2007

Post: Bubble, Bubble, toil and trouble

Post: Best Pieces of Real Estate Advice Received

Post: Why hasn't R.E. gotten me a wife?

Post: Asking Questions To Syndicators

Post: I need some direction for my capitial.