All Forum Posts by: Yourri-Samuel Dessureault

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $78,400
Cash invested: $11,760

Multifamily portion of Portfolio Deal 1

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $77,000
Cash invested: $11,550

Part of Portfolio Deal 1
2x 1/1 SFH with a lot zoned for multifamily

@Bakhodir Ismatov That's a tough one to answer if I'm honest. My home is an A-frame style with an open upstairs area, so there is a quite a bit of ambient air that needs to be heated before i run into over heating issues. I can't really give you a "Yay or Nay" on your situation without knowing airflow, crawl space volume, what's in your rig, etc. Also, I'd be careful of dust as it's a good way to overheat a GPU or ASIC.

I use the same internet line but do not write off my internet as a business expensive. I have a power monitor on my rig to be able to record my power usage.

Glad I could be informative. Feel free to reach out if you have any questions.

@Ross Bowman Solar can be quite cost prohibitive and it's highly dependent on where you live if it makes sense. I would recommend a website called EnergySage to get you started. There is an incredible amount of data and info on there. For example you can find your average cost per kWh there and see if it's cheaper (on your time horizon) to get panels. For me the math was easy b/c I'm on propane for all of my fuel needs, and propane is $$$.

I live in the CA mountains of a high desert, so I have an 80+ sun score which yields far more power than I can use. Additionally, with the fire risk in my area we experience a significant number of mandatory power outages to mitigate fire risk, so those panels (plus the back up battery) actually added a significant amount of value to my home. I just had it reappraised to remove my PMI, and the appraiser included 100% of the cost to the home value.

Not quite the same as @Ross Bowman is suggesting, but I too am using BTC mining to off set costs in my primary residence.

I live in an area with expensive costs for electricity and heating fuel, so I did the math and found that mining BTC could yield savings. For me, my BTC mining allows we to heat the 2nd floor of my home during the winter (while making a profit instead of experiencing a cost), get additional exposure to BTC with compounding interest of 4.5% APY via BlockFi, and since I report my mining to the IRS I get to do MACRs on my solar panels (which power my miners and the rest of my house) and the mining equipment as it's a business. Needless to say it's a wonderful way to save money/invest while living in California.

I am incredibly lucky to have a high paying W2 that I LOVE (I get to build spaceships), and frankly I do not ever think that feeling will change. However, I have very high aspirations in the long term that will cost a significant amount and the world is getting more expensive. As a 27yr old who just finished their PhD, I am putting about 35% of my gross income into a combination of stocks in varying types of accounts and still living like a grad student to play retirement catch-up. Expanding my real estate investing is the next step (I rent out a room in my SFH I bought in August), but with my job and high investing rate (both non negotiables as far as changing) I must find a way to make real estate investing incredibly passive and low capital deals. If I cannot find that, until I have the capital to make this work (5yr timeline). I am strictly looking for seller financed deals, and arguably I am following the general steps suggested in the BP books. Off the lead creating methods discussed I do not do direct mail due to capital and the local area not being great for the type I deal I need. So, with that mountain to climb, do you have any tips?

Hello Le,

I'm in Tehachapi resident currently, and honestly, you'll be hard pressed to find properties here. The single family market is going gangbusters and the competition is fierce. Mojave will have more reasonable prices, but you'll struggle to find quality tenants (I work in Mojave for reference). Lancaster is a more target rich environment, but the prices are higher (but so is the rent).

You may find some luck in California City, but I recommend you do a lot of work to screen tenants as Cal City has a notorious streak for having poor quality renters. We have a lot of military members in the area with the Air Force base, so you should be able to find a good tenant.

Best regards,

Yourri

Thank you both for your responses.

I am wondering if the interest from a seller financed property is taxed as your income rate or as some sort of capital gains since it is result of the property sale?