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7 March 2024 | 11 replies
He just got a Divorce and his wife said she can do it on her own and don't need him no more.
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9 March 2024 | 89 replies
They used different strategies: house hack in CA, STR, buy off market, buy OOS, SFH, multi-units, buy large apartment complex with other investors, etc.Thoughts on 1031 exchange to DSTs to try be more passive (no more dealing with PM, renovations, repairs, tenant issues) but I've heard the money is trapped for 2 to 5 years depending on the operator, still researching DSTs.
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6 March 2024 | 2 replies
“In 2020, a household earning $59,000 annually could comfortably afford the monthly mortgage on a typical U.S. home, spending no more than 30% of its income with a 10% down payment.
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5 March 2024 | 28 replies
I recommend to have no more than 10 properties or $1 million in an LLC.
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3 March 2024 | 7 replies
So, I told him I would pay full retail only if I can cash flow the properties by having a payment no more than 45% of current rents ( not projected rents) and at zero percent interest.
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4 March 2024 | 17 replies
If you make your payments as expected, there's no more risk than doing a normal mortgage.
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9 March 2024 | 261 replies
I think we already reached the inflection point mate.Old school "Hard Yakka" has gone out the window.Look at folks getting their panties in a tangle with "return to office" company mandates hahaI'll stop there and and say no more so it doesn't get misconstrued but I"m not too optimistic over the next 20-30 years when it comes to the current work force maturing and being expected to "pull the weight".Thankfully we have AI and maybe even robotics taking over lol
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2 March 2024 | 1 reply
Commercial and asset class conversion are the way, no more AirBNBs for me.
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2 March 2024 | 9 replies
No more than 10 years and rates would be double digits.2.
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28 February 2024 | 17 replies
It usually costs us no more than 2,500 to rehab a bathroom in the area.