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should i use my crypto money to buy a 3 unit multifamily?
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Date: March 8th, 2024 10:10 AM Author: Metal area (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474806) |
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Date: March 10th, 2024 2:41 PM Author: Spectacular dilemma What can go wrong haha (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47480798) |
Date: March 8th, 2024 10:11 AM Author: Glittery Set No, being a landlord is a giant pain in the ass (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474811) |
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Date: March 8th, 2024 10:16 AM Author: Metal area if i can get 30 doors then i can quit my day job and just be a LL full time
seems 180 to drive around in a pick up truck with a toolbelt and fixing things on "my properties." then when me and the missus want to retire we will sell all the properties for $30 million dollars. |
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Date: March 8th, 2024 4:37 PM Author: Soul-stirring Erotic Sound Barrier Feces (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476093) |
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Date: March 8th, 2024 10:17 AM Author: Trip senate kitty cat no, go big or go home (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474841) |
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Date: March 8th, 2024 10:18 AM Author: Metal area a cheaper 3 unit in my area in a place that will attract at least class b tenants is $550k.
how can i go bigger |
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Date: March 8th, 2024 10:20 AM Author: Trip senate kitty cat by finding more money
if you know what you're doing then it's the same effort as buying a tiny place, and you should be able to find others who will give you money |
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Date: March 8th, 2024 10:23 AM Author: Metal area please explain this in more detail thank you (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474879) |
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Date: March 8th, 2024 10:24 AM Author: Glittery Set It’s all yours and always has been it’s all around you (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474883) |
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Date: March 8th, 2024 10:24 AM Author: Trip senate kitty cat ive done all i can for you. the rest is on you (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474886) |
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Date: March 8th, 2024 10:25 AM Author: Metal area explain "t's the same effort as buying a tiny place" (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474890) |
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Date: March 8th, 2024 10:28 AM Author: Trip senate kitty cat the numbers are larger but the DD, underwriting, etc are the same
at tiny numbers like 3-4 units your vacancy rate can kill the profits |
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Date: March 8th, 2024 10:29 AM Author: Metal area how can i find more money? syndicate?
i need to get a few 'under my belt' before jumping in with the big bois |
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Date: March 8th, 2024 10:34 AM Author: Trip senate kitty cat friends and family if you dont have a great track record, but syndicate if it's an option yeah (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474932) |
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Date: March 8th, 2024 10:38 AM Author: Metal area would you like to invest in me?
i can guarantee you i have a 'can do' attitude. no complaining here. i $ee profit$ for both of u$. Lets do it |
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Date: March 8th, 2024 10:40 AM Author: Trip senate kitty cat lock down a 12+ unit deal and the one after that ill join you (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474958) |
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Date: March 8th, 2024 11:25 AM Author: Metal area 180 (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475133) |
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Date: March 8th, 2024 10:18 AM Author: shivering juggernaut tanning salon Landlording sucks. You’d get comparable returns from VTSAX for no headache (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474849) |
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Date: March 8th, 2024 10:20 AM Author: Metal area not when you account for the leverage (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474860) |
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Date: March 8th, 2024 10:42 AM Author: hyperventilating double fault nope (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474963) |
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Date: March 8th, 2024 10:51 AM Author: Multi-colored native Being a landlord sounds awful. I was thinking of buying another vaca home w crypto $ but then you buy a place, pay loads of maintenance or prop tax, shit constantly breaks, it’s a hassle and you end up spending 2-3 weeks a year there. What’s the point. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47474989) |
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Date: March 8th, 2024 10:56 AM Author: Trip senate kitty cat finding a reliable mgmt company is the only way it works, but that is much easier said than done (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475012) |
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Date: March 8th, 2024 10:58 AM Author: Multi-colored native And more hassle and expense. Easier to just invest and let do and stay in hotels for the 2-3 weeks/year. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475020) |
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Date: March 8th, 2024 10:59 AM Author: bronze bateful liquid oxygen faggot firefighter having any sort of responsibilities or duties sounds terrible for you, we get it. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475026) |
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Date: March 8th, 2024 11:02 AM Author: Multi-colored native Bleeding $ on a place you rarely use when you could invest the $ stay in a hotel and come out massively ahead just seems dumb. Already have 3 properties, looking to add St. Tropez. Don’t need 5. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475034) |
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Date: March 8th, 2024 4:25 PM Author: Electric clear casino selfie thread seems to be about rental properties, not the merits of multiple vacation homes (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476062) |
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Date: March 8th, 2024 4:27 PM Author: Multi-colored native Rental property seems even worse. Dealing with SPS tenants, etc... (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476070) |
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Date: March 8th, 2024 4:30 PM Author: Chartreuse home quadroon Doing anything involving work that's money positive is a real bitch. It would suck to have to lift a finger. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476078) |
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Date: March 8th, 2024 4:31 PM Author: Multi-colored native CR, but being a (((landlord))) seems SPS for not much gain. Seems he'd be better off continuing to INVESTMAXXXXX (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476080) |
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Date: March 8th, 2024 4:40 PM Author: Chartreuse home quadroon Imagine a world where you weren't obscenely wealthy, but wanted to be. You would be hunting for revenue like everyone else. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476100) |
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Date: March 8th, 2024 4:45 PM Author: Multi-colored native Being a landlord of a 3 unit property doesn't seem like a good way to get there. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476107) |
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Date: March 8th, 2024 4:51 PM Author: Trip senate kitty cat cr
buying a 30-40+ unit fixer upper that still cash flows even with the mgmt company is the bare minimum for wealth creation |
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Date: March 8th, 2024 4:51 PM Author: Chartreuse home quadroon What if you have a hundred units? A thousand units? (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476119) |
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Date: March 8th, 2024 6:49 PM Author: Metal area the 3 unit is only the first of many bro, i will get there (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476532) |
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Date: March 9th, 2024 3:09 PM Author: Electric clear casino selfie rentals are one of the only options for wage cucks without much wealth to access leverage. if you got 5:1 leverage (and you can do even better than that) at sub 3% 5 years ago and bought property that cash flows and gives you access to a myriad of kiketacular tax avoidance options you would be significantly outperformed the sp500 if you just dumped your money into it.
and inb4 "yeah but if you invested in the right things", no shit but then again if we all had access to benzos risk free options speculation system we'd all be trillionaires |
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Date: March 8th, 2024 4:34 PM Author: Metal area no argument there. but there are only so many ways open to someone like me to make money. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476086) |
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Date: March 8th, 2024 4:35 PM Author: Multi-colored native $eems you are getting it done w investing (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476087) |
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Date: March 8th, 2024 6:48 PM Author: Metal area Yea this is kinda true though investing for me means i just put everyting into a S&P500 index fund and wait until im 55 and can retire, it is not exciting. and at that point whats the point.
i would rather risk a little and have more fun w dat diversityifcation |
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Date: March 8th, 2024 11:14 AM Author: Metal area Going to do it. Me, TDNW, and Tsinah are going to make oodles in real estate (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475085) |
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Date: March 8th, 2024 11:16 AM Author: mewling know-it-all police squad community account real estate is not going to make you rich unless you are able to create a lot of value, e.g. renovating distressed apartments/houses, maybe converting commercial into residential which is something v few are equipped to do. the cap rates are really bad given that you can get 2% after-inflation long-term on TIPS. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475098) |
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Date: March 8th, 2024 11:23 AM Author: Metal area Isn’t 2% yield pretty bad? RE lets you use leverage. Buy $500k property with down payment of $100k, it cash flows positive, after 30 years you have a $1.5 paid off asset on $100k, and it is cash flowing at a higher rate then with no mortgage, and you get tax deductions and depreciation. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475126) |
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Date: March 8th, 2024 11:28 AM Author: mewling know-it-all police squad community account a lot of real estate doesn't cash flow at all if you put on decent leverage, particularly in places like CA. the stuff that does cash flow is in boring areas like the midwest and smaller cities/towns in the sunbelt.
you want to be in areas where there aren't a lot of high earners b/c it's way too common for software engineers, doctors and lawyers and whatnot to try to want to be landlords, which drives down cap rates.
also, to clarify my 2% comment. if cap rates are 6% and real long-term risk-free yields are 1% or even 0% (as they were for a couple of years during COVID), then the spread is quite attractive (6%-0%=6%). now real yields are higher and cap rates are lower, so the spread for owning RE has shrunk: (e.g. 5%-2%=3%). during the golden age of RE buying post-GFC, you could easily get 8%+ cap rates and cheaper leverage, which made RE richly cash flowing and as cap rates came down you could use the equity appreciation to lever up and buy more RE. the peak of this game came in 2021-2022 when the cost of leverage plummeted and housing prices exploded. now i wouldn't be surprised if RE prices for residential stay flattish for 5+ years, leaving you to eat mostly meager cash flow. |
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Date: March 8th, 2024 11:39 AM Author: Metal area 180 man ty (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475194) |
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Date: March 8th, 2024 11:29 AM Author: Heady Hateful Scourge Upon The Earth well, it is not going to make you cash flow rich, but done correctly, you can be paper rich, which is an entirely different game. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475152) |
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Date: March 8th, 2024 4:30 PM Author: Cracking temple it does come with much higher options for insane tax writeoff shenanigans though, boosting your bottom line on the back end (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476077) |
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Date: March 9th, 2024 10:23 AM Author: abnormal puce principal's office cr (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47477949) |
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Date: March 8th, 2024 4:33 PM Author: Vibrant bawdyhouse from a friend who has a little real estate empire my impression is that commercial real estate and land are usually going to be a better bet (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476084) |
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Date: March 8th, 2024 4:35 PM Author: Metal area Cr. and industrial. barrier to entry is high though. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476088) |
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Date: March 8th, 2024 4:36 PM Author: Vibrant bawdyhouse yeah, but that's how you build generational wealth (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476090) |
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Date: March 8th, 2024 4:40 PM Author: Metal area im going to build generational wealth with 3 units and tdnw is going to go in on a 12 unit with me. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476099) |
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Date: March 8th, 2024 4:44 PM Author: dark sandwich idea he suggested I have some excellent cheap downtown office buildings for sale, my friend (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476105) |
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Date: March 8th, 2024 4:47 PM Author: nofapping ruddy range if you're in a lib jurisdiction, don't go anywhere near landlording unless you enjoy getting findom'ed by random proles (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476114) |
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Date: March 8th, 2024 6:45 PM Author: Metal area ok bros going to see a property tomorrow and will do an offer if the numbers work (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47476516) |
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Date: March 9th, 2024 10:13 AM Author: Metal area what are some good questions to ask when you see the units? (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47477923) |
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Date: March 9th, 2024 10:26 AM Author: Trip senate kitty cat year of construction
trailing 12
ask to speak to one of the tenants
Google where the nearest check cashing place is |
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Date: March 9th, 2024 4:40 PM Author: Metal area offer already was accepted before my showint today so the listing agent cancelled
went and saw another one, a 2 unit for 650k but the numbers wont work on it |
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Date: March 9th, 2024 5:52 PM Author: Trip senate kitty cat start looking at 20+ units
stop being a bitch |
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Date: March 9th, 2024 6:36 PM Author: Metal area i only have $200k to put towards it (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47478913) |
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Date: March 10th, 2024 2:40 PM Author: Trip senate kitty cat Sad! (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47480794) |
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Date: March 9th, 2024 6:37 PM Author: cream wonderful gas station Not a bad idea per se (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47478916) |
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Date: March 9th, 2024 7:49 PM Author: Metal area Are you involved in real estate? (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47479097) |
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Date: March 10th, 2024 9:13 AM Author: Electric clear casino selfie crazy how insistent many people are that re is a bad investment when one of the reasons it's blown up recently is places like blackrock buying massive chunks of sfhs.
the answer is always "it depends" |
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Date: March 10th, 2024 12:59 PM Author: glassy thriller theatre international law enforcement agency It depends like many posters have said.
Right now if you buy a property that makes sense then you have a good hedge on lower interest rates.
I’ve found that opportunities exist even in saturated markets, but the trick is you need to know how to value add or if there is a potential for it.
Even small deals that have good cash flow can be worth it if you are methodical. If you can get $250k properties that make a 15% cash on cash return and do one every year or two, pretty soon you have a good portfolio you can 1031 into something bigger or press the refi button on when rates drop.
I think individual investors really ignore the power of aggregating small deals - most big guys don’t have the time or money to waste on them - but they also are ideal because it lowers your risk and you have room for mistakes and experience.
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Date: March 10th, 2024 2:51 PM Author: Trip senate kitty cat just do 15% cash on cash returns every year or two, bro (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47480824) |
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Date: March 10th, 2024 4:43 PM Author: Metal area There is a lot more competition on the low end though because entry level is always crowded. Most people only have a little to put down and are house hacking. That has just been my experience over the last couple years. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47481178) |
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Date: March 10th, 2024 5:01 PM Author: Violent Point I'm a doctor and would like to get into real estate but don't see anything. What city if not NYC? I just bought a piedaterre in Manhattan that could yield 6-7% (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47481218) |
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Date: March 10th, 2024 5:03 PM Author: yapping filthy parlour foreskin the tax writeoffs are endless. i know a guy who owns a duplex, lives in half, rents the other half, hasn't paid income tax in 10 years because he runs a perpetual net operating loss after doing home renos, depreciation, a million other things. (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47481221) |
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Date: March 10th, 2024 6:15 PM Author: Electric clear casino selfie (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47481376) |
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Date: March 10th, 2024 6:42 PM Author: Metal area Wow (http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47481450) |