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22 July 2024 | 71 replies
The vast majority of the population, anywhere in the world, prefers the instant dopamine hit to the slow morphine drip.
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19 July 2024 | 21 replies
I'd first slow down and develop some sort of subject matter expertise.
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18 July 2024 | 11 replies
It's not for a lack of trying.I've asked him to try working some other channels to see what we can put together for you.Sorry for any slow communication; it's a crazy time in the markets and the low/tight inventory has made it rather challenging for everyone in the industry.I'll follow up with Micheal more tomorrow.Feel free to contact me anytime!
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19 July 2024 | 36 replies
It has been a slow steady drop
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19 July 2024 | 19 replies
Everything else takes twice as long as it should take anywhere else. 20 years ago I had a developer in my office that had just relocated up here from Florida and was complaining about how long everything takes, how slow subs were, and how impossible it was to keep anyone on payroll.
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13 July 2024 | 1 reply
Purchase price: $78,000 Cash invested: $22,000 My first real estate investment was a slow remote BRRRR.
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22 July 2024 | 120 replies
I've studied Rent Control, which is just a subtype of Nixonian Price Controls, and they are always a bad idea, they always produce the opposite of the intended outcome, with run down "slums" as they are unprofitable to maintain at submarket rents, If you read the whole letter, Biden actually has a better idea later down, which is a massive govt' push at fed and state level to increase production of new housing stock at all levels, using tax breaks, incentives to developers, thus eventually lowering rents or at least slowing rise to let incomes catch up.
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16 July 2024 | 21 replies
Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.
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15 July 2024 | 12 replies
When he is there, they always opportunistically find something to bug him about (slow draining drain, changing a filter on the stove).I have asked tenants repeatedly to email requests and they continue to text them, so I reply with email.