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All Forum Posts by: Tony Antonelli

Tony Antonelli has started 5 posts and replied 31 times.

Post: Gas Stoves to be prohibited in New Builds - California

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

The best state in country has been turned by idiological idiots into the worst state in the country. 😔

Post: Planning on leaving Los Angeles. Any advice for good cities/state

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

please just remember why you left.

Post: Where to park savings?

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

@Juan Campos

Voyager crypto app pays 9% on USDC which is a very stable crypto. It's pegged directly to the value of the dollar so it doesn't bounce up and down like bitcoin.

Post: Ethics Around Reducing Tax Liability

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

Our government has proven themselves to be awful stewards of currency. The tax money we pay gets shoveled down a bottomless rat hole. Use every single legal loophole and deduction that you can find and then give as much as your heart desires directly to those in need.

Post: Will housing ever return to normal?

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

The incestuous relationship between the Fed and the treasury means that interest rates have to stay low.

Long term inflation+ long term low interest rates = investing is the only way to stay ahead or at least keep up with the curve.

There is no more normal and it's only going to get weirder.

Post: Will housing ever return to normal?

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

@Jim K.

I'm not sure i agree with all of that but i do know i want to party with you!

Post: Where to store rental reserves?

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

@Adam Widder

Voyager pays 9% on US dollar coin which is pegged to the dollar and very safe.

They pay 5.75% on Bitcoin which is just a juggernaut.

The 160k i put into crypto(85% of that into bitcoin) early last spring is worth 256k today and I'm earning 1k+ / month in interest.

And it's as liquid as cash in the bank.

Post: Where should I buy a mountain vacation rental?

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

Our rentals in Gatlinburg absolutely crushed. 95% overall occupancy rate.

We panicked and sold all 4 right as things were closing down because of covid. Cleared about 1/4Mil when we sold but have since missed about 3/4Mil in appreciation and easily 150k in cashflow. 🤮

Painful lesson learned.

Post: cash out refi VS conventional

Tony AntonelliPosted
  • Rental Property Investor
  • Posts 33
  • Votes 78

@Andrew Postell

That's ton of helpful information. Thank you!

I guess the most simple way i can ask my question is- Are closing costs and APR higher on a cash out than they are on a conventional mortgage?

Bye Fe-lease-a!