why i regret the palm springs house (from a financial standpoint)
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- In this vlog I go over the numbers finally, of what all the money that was put into this house would have done had it been the stock market. It's super interesting to see in my opinion and important to be real about these things to make decisions in the future!
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u made sooooo much content during the reno and after so $$$$$$ and so many new consistent viewers too (like me)
Good point
Yes, definitely and I’ve enjoyed all the renovations and updates to the yard and pool area.
My thoughts exactly. As Shelby was reviewing the numbers, I was thinking that she also needs to consider the content revenue generated from this project. Certainly not something representative of the short term rental equation for all investors, but likely a significant factor for her in evaluating if this project made financial sense for her when considering this aspect as well. I would be fascinated to see her calculate how much TH-cam revenue came from this project, including sponsorships, etc.
I came here just to say this. Because of the house you gained X number of new viewers in addition to X amount of monetized content.
Hindsight is 20/20. I personally think you made a good decision at that time as someone who invests in both real estate and the stock market. You probably made the difference in your Adsense/sponsors from the Palms Spring content. You, friends, and family have been able to use the property for quite a bit. From my perspective it led to your parents and sister moving to Palm Springs too. It’s not all about the dollars on paper when looking at your life holistically.
Agree. I also think it's good to diversify your assets
We don’t look at the full mortgage as a cost.
It would be better if our rental income covers maintenance.
Does the stock market have risk ?
It does and it’s good to diversify !!
As a beginner what do I need to do? How can I start, If you know any please share.
I’m speaking out of experience.
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like JOSEPH NICK CAHILL.
My husband and I have been working with Joseph Nick Cahill for years, and he's helped us keep more of our money by optimizing our tax situation.
It's not about cheating the system.
Stock market is so unpredictable and doesn’t get you a home you can live in whenever you want
@@dpoca while you can’t ever truly have a guarantee, the historical data in my opinion makes it feel like a pretty good bet that you can get around 8-10% per year usually
@@shelbychurchvlogsI mean, or just appreciate having a home that other people would kill for. If you wanted an investment, put it in the market. Please never buy an ‘investment’ property again, it’s gross.
Why are u building another house if it’s a bad investment?
Airbnb vs building a house does not compare. LMAOOOOOOOOOO.
@@Lucysil1970 new construction is better deal imo and less maintenance because everything is brand new
The way to think about this that makes sense is really more that you bought a vacation home that is coming close to paying for itself. You also have the option to someday make it a primary home. And if you do end up retiring in Palm Springs, like your parents did, you will have a fully paid off home. I agree that people are constantly looking for a get rich quick, passive income way to make money. So it is really valuable for people with that mindset to hear stuff like this. As to the stock market, I am older than you and know many, many people who lost considerable amounts of money by not timing the market correctly. There are no guarantees of life.
The house is worth it in the end because it will be somewhere you will want to retire too and it will cost a bazillion dollars if you try to buy it in the future, take it from me, never sell it unless you are getting something better in the area.
Was the Seattle house you own with Monica worth it from a financial standpoint?
First time commenter, long time watcher. Love the breakdown of numbers and your content in general.
As someone who also has an Airbnb, there’s also something to be said of diversifying your investments! We also don’t look at the full mortgage as a cost since that’ll come back to us if we sell. If our rental income is covering maintenance + interest on our mortgage we consider that a win.
The real mistake is getting into a house with another TH-camr in Joshua tree at a time when interest rates are high in a touristy city at a time where Airbnb is struggling with people going back to hotels due to ridiculous costs. That one I never understood why you got into it. You just like deisgning a house. Could have done that in a actual city where people want to live.
she'll get a ton of content, brand deals, adsense, etc. from the build - you have to factor that into it too
Hopefully she can buy him out at some point.
*I had problem comprehending trading in general. I tried watching other TH-cam trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow*
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
I will advise you should stop trading on your own if you keep losing
If you can, then get a professional to trade for you i think that way your assets are more secure
I'd recommend Gabella,Alice her profit is great even when there's a dip
But if the market crashes you will be happy your assets are in property.
diversify :)
Decision of purchasing Home wasn't a problem.
Not every stock is guaranteed to give profit of 80% (or for that matter any X% ) in 4 years, if there is 100% certainty of such a known stock to definitely give 80% profit in 4 years , then yes such Stock would be better than purchasing a Home, but this isn't the Case with stocks in general!
One may look back at stock market 4 years ago and may try to compare with present, There ain't a sure shot way to pick some stock and be assured of 80% or 70% returns in 4 years! Same problem applies in past and now (and perhaps in future too).
(Studying a particular company's growth prospects and picking a specific stock is a different task altogether, Every stock trader may want to succeed, but results aren't same % returns for all stock traders as we see! Not all stock traders got 80%+ [or stock market growth%] profits in these 4 years )
Indeed.
The "stock market" might not have capital gain every year but a simple portfolio of a few dividend paying stocks could safely spit out 4% yield, first year and dividends that then increase faster than the inflation rate going forward. The value might bounce up and down but it will trend up over time and you have an ever rising stream of income to spend, put into other investments or just reinvest back into the "stock market".
If one just invested in the SP500 for the lass 20 years, the dividend income stream grew by an average of 8.16% per year and compounded at 7.27% per year while the value appreciated at 8.2% per year (no dividend reinvestment). For the last 15 years the numbers are 6.5% and 8.3% while the value appreciated at 11.72% (no DRI). For the last 10 years 7.15% and 6.28% for the dividend growth and compounding and 12.06% annually for value appreciation. The last 5 years, which means Covid is in there too, still the income stream grew by 5.48% per year and compounded at 4.24% p.y. and the value grew by 12.8% per year.
In 2009 there was some dividend cutting that happened within the SP500 companies but by the end of 2010 the income stream was back on the climb. Had one started in 2004 your first dividend on 1 share of SPY would have been $2.20. This year it should come in at around $7.88. Share price appreciation is also up nicely, about 415% since Jan 2004.
FYI - you can be an investor without being a trader and most traders are not really investing but speculating.
@@mjs28sClearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" -->
This is speculative! This is a recipe for disaster! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." -->
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years on the whole, Can that fall let one decide against investing in SP500 for next 4 years? Such linear attempt to interpolate market on price graph and basing decision on it is extremely dangerous!!
Not sure whether I stressed enough , Past performance of 4 years is not an indicator of future performance failure/success of simple portfolio or SP500 or a stock in next 4 years!!
More elaborate approach of analyzing underlying stocks and choosing longer term for SP500 investment that is backed by calculations also factoring in known and expected factors would be more prudent!
Experience is a bad teacher! It gives test first and lesson comes later!!
One must steer clear from getting carried away by past historical charts and wishing similar outcomes in a horizon like 5 years and making simplistic speculative decisions!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" -->
This is speculative! Losses ahead! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." -->
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years?
Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!!
If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality!
Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future.
More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
One must steer clear from getting carried away by past historical price charts and wishing similar outcomes in a horizon like 5 years and making decisions based on it!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" -->
This is speculative! Losses ahead! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." -->
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years?
Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!!
If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality!
Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future.
More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" :
This is speculative! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
> Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." :
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years?
Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!!
If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality!
Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future.
More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
Palm springs house for you would be different due to your income from content and adsense. Also there are tax breaks from owning property that you do not get from other investments. And of course you can use it and have other people basically paying for it for you. Short term returns do not predict long term returns. If you want to buy a property you HAVE to consider a term longer than 5 years. Wait 5 years and update this video and we can see how much the diffierence would be. Oh and take into consideration the tax break, because that should be included in your analysis.
Keep it simple.....Payoff the house you live in and enjoy the space. For investing....S&P 500 index fund.
I agree , you shouldn’t regret it . But what question is should you still do the Joshua tree Airbnb?
I live in New Zealand and when I look at Airbnb in USA with all the fees etc I find it pretty expensive. We stay at hotels much cheaper and easier . Maybe worth it if a group going to share fees ?
As others have commented you gained a beautiful home that friends and family enjoy as well. The stock market can be very fickle-and it seems you are at least covering the operating cost of the house thru short term rental. Would be interested to see what the projected numbers would be if you did a long term rental-something you mentioned considering for the future. Enjoy your home when you can, it’s beautiful. I enjoyed watching the renovations and all the updates you share. Looking forward to Joshua Tree-(with some tennis content-loved the red tennis set btw😀🎾🏠)
Keep in mind we haven't seen a true stock market pullback since 2008 recession. See also: the lost decade
Did you take into account the money from adsense and sponsorships from content on renovation?
Where are you getting the 80%+ number?
@@duc25xr the last 4 years of the s&p 500
Can’t wait for that weird guy who’s obsessed with you to make a video about this with your face in his thumbnail! 😂
Remember when you trimmed the bushes and the Palm springed behind them and then it revealed the mountain in the background!! I will never forget that, I thought it was pretty cool and beautiful!! (During the renovation)! So cool ☀️😎👍
that's so cool you turned being a youtuber into being a real estate developer
when you say “the stock market” what do you mean making $24,000/year guaranteed!? what stocks!? I’ve literally only LOST money in “the stock market” investing in top stocks 😅 EXPLAIN!!
ETF - S&P500 up 26% in 1 single year
My 401k went up 19% in 1 year
Stop focusing on individual stocks (unless you do hardcore research on specific stocks)
@@davisneves I just mean index funds
You cant time the stockmarket or the housing market. That is why you spread the risk ,. You can't foretell the future. Plus you didn't lose money. Plus this is just a snapshot in time. Look again at the numbers in 10 years.
To be fair, no one could have called how the stock market would do over the last four years. Pretty crazy returns. I have a rental property and dividend stocks (with covered calls on top of them) and I like having both.
From a financial standpoint though, you've also been able to generate a lot of income through your content creation on your airbnb experience! So the intangibles through views and subscribers that translate to more future views unrelated to the airbnb... It's probably generated much more money for you than you realize! 💞
You can't assume that stock market will always return that. It can easily go negative for years. Also being diversified is good. The second properties do have to purely financial, you don't need two houses in Palm Springs.
Always enjoy your vlogs Shelby !!
Tennis serving practice exercise: 1) with a serving motion, try to hit the back fence. This gives you the feel for how everything has to sync to get power in your serve. Many beginners who haven't played a sport like baseball don't have a feel for the throwing motion. 2) with your serving motion, snap your wrist so the serve hits down sharply on your side of the net. This gives you a feel for how to add wrist snap to the power from 1). After hitting several practice serves as above, then practice your usual serve. You want to feel as if your racket is hitting up and over the ball, rather then pushing from below and behind/
I like the Tommy Bahamas restaurant in Palm Desert rather than the one in Palm Springs. I like the full service.👍
lol
Always good to diversify your assets, and that house and the experiences you have had there are really amazing - you don’t “experience” life in the stock market. Hope you continue to enjoy it!
I appreciate you being so transparent about your financial decisions. I feel as if I am learning from a friend.
To me having a house that can be sold if something bad happened seems more stable than the stock market.
I looove when you share your financial lessons…new outlooks..along the journey…etc ❤
I cant afford a $750k house in Palm Springs. too hot there too. I bought my 2008 home 1580 sf 3 bed 2 bath 2 car garage in Joshua tree CA for $215k in 2017.
Most investment properties are not worth while. HGTV made it sound amazing and fun and affordable and like it will magically make a good investment, all wrong. In the end the only real profit is in the long term hold (especially for a short term rental), but you also have to be able to ride out the years you will only break even or be out of pocket to keep it going.
Some people put value in the personal use, and that’s fine, but that’s not a profit. Unless you’d have made those same trips and paid out of pocket for lodging, it’s not really saving money. Most people will also use their vacation rental the most the first year of ownership, then it’ll decrease every year following, as the novelty wears off, they prioritize traveling other places, etc.
There are some areas you can make really good money with a short term rental, but you need to do a lot of research, be conscious of personal use taking away rental income, how to minimize expenses. It’s not really a good idea for the casual investor.
I make good money with my rental investments, proportionally speaking, but they are budget rentals.
The stock market’s run since 2022 has been unprecedented and may very well end poorly in a crash. Your investment won’t look so bad then!
You are building a legacy with your sister buying this property, it’s worth way more than a financial investment, in my eyes you guys made a great decision
The market is so unpredictable, but you guys have put so much effort and love in this home, + made lots of content that brought in some money as well!!
happy belated birthday to Momma Church!! (see, i'm late too, don't worry :) I'm sure she understood and appreciated your thoughtfulness no matter the date)
Saying the lighting of a fire causing people to lose their homes and livelihood is good for content is…rough.
Your hair has always been gorgeous but that new tool and styling technique is where it’s at!!!❤️
the stock market is not guarenteed return as well, there are times it will tank hard hahaha
Can you talk more about the stock market?
When you said you didn’t analyze the numbers when you bought your house that’s mind blowing to me. I guess when money isn’t an issue you can make decisions with little thought being put into them.
@@tawanabanks4299 I did roughly analyze the numbers, but I was just SO off because I didn’t realize just all the expenses that were involved, and what you can realistically rent for based on the season. So it was just a very very bad analysis lol where it feels like to me now, not even helpful
Very smart to share the numbers. So many people are glassy eyed about a venture, without a pragmatic view of cost analysis.
Investment & money lessons. Great vlog shelb 👍
I amnot you onbviously. That said you will be fine. Long term I think the value to you outweighs the $$.
The stock market does not go up all the time, right? Sometimes it goes down too.
If you knew back then what you know now, would you have done the project? 🙂The buyer's remorse, the relentless criticism from viewers, tensions between you and Monica, receiving news that all your ficus trees are about dead and the seemlingly never ending list of hidden issues? Do you think you've learned a lot of valueable lessons?
Thanks for being transparent and sharing the other side!! I think of this all the time and tell my husband unless you’re doing it all yourself it’s a lot of money to up keep!
Cleaning after each guest,
Repairs,
Toiletries provided
Water, electric, yard maintenance, internet, TV streaming, managing the property and talking to guest 24/7 if they’re having issues with anything, the list goes onnnn
It’s a lot.
The fire looked like that all the way out in Temecula. It was crazy. We had a ton of ash.
1:33 I love your hat and black sunglasses combo! It's giving Duffman from the Simpsons!❤
$100K+ invested in an index fund at a conservative 10% rate of return would have grown exponentially & due compound interest your money would have earned $10K yearly. Real estate investment & home ownership is now only profitable for everyone else (banks, real estate agents, sellers, local Gov etc) except the home owners small investor.
You are forgetting with a home you can leverage at a lower rate than taking out margin in the stock market. Leverage is key for gains.
Yeah I wanted to buy a house in the palm springs area but I ran all of the numbers and it never worked.
Can you run the numbers on your house in Joshua Tree?
Hi Shelby. Please share us tips and secrets how you have managed to achieve such pretty, long and thick hair despite blonde coloring? Thanks in advance.
Your mom is so nice. If I forgot my mom’s birthday she would probably disown me
FroggTogg is what you want instead of a wet bandana. The FroggTogg stays cooler, longer.
Shelby, you adopted a new puppy dog??? Very cute little guy :)!
Thanks for the tip on Moneywise, a very helpful podcast! Loving how open and transparent they are. Same goes for TH-cam with the stuff you and Graham do - the transparency makes it so much easier to connect with. So there may have been better things to do with the money than the Palm Springs house, but that provided really great content for the channel and obviously a holiday house. And a little diversification doesn't hurt! I can't wait for your next house purchase, really hoping you go further into remodelling it, because you have a great sense of interior design and that stuff is always interesting to watch. Loving your journey and wishing you the best for it!
owning a property is worth so much more than investing in stocks. I mean not necessarily always money wise, but also in long term if you are not very experienced in trading stock, as this is more complicated and needs a constant eye to track the market. And you also have to think that not every stock you invest in is going to bring you money, but I guess you already know that.
Your first mistake you made was renovating a property that was FINE! Useless bathroom and other renovations. The second one, was hiring a property manager when that is something you both can do. Btw, you are not adding your video profits from the renovations.
I do securities backed financing borrowing 4-6% per year, because our portfolio managers fund generally always performs higher than that on average 10%. Debt can’t be taxed and to hedge risk even more it’s great to have positive cash flow from income as well as real estate assets. Just protect the principal. Be sure to vet all investors. They should be accredited or qualified. Stay away from day trading apps and honestly any “retail” stock platform. There is a reason brokers are licensed. Blessings on your financial journey Shelby.
You have discovered why homes are called “The Money Pit.”
I did the math several years ago. Owning a home is a huge expense and a drain on savings. Besides the regular basic cost of the home, there are the big-ticket expenses that will hit after about ten years. These include items like replacing the roof shingles, water heaters, kitchen appliances, etc. Yeah, those don’t last forever. Even if they do, when you are finally ready to sell, you realize that everything in the house is outdated. So, you need to remodel the kitchen and bathrooms to make it appealing to a buyer. I estimated that it would take about 15 to 20 years before a home becomes profitable via appreciation.
Off topic. On your tennis serve you get your power from a wrist snap, not your shoulder. Talk to a tennis pro about this and your serve will dramatically improve. Love your TH-cam channel. Great work.
Hey Shelby ❤ love your channel
awesome vlog, love the bit about running the numbers! you should submit that section to Ramit Sethi - he's always talking about that, and I'm sure he'd love the content to commentary on.
also, question: what happens to your solar panels with all the ash (not to mention dust from the desert)? If your loungers have a layer of ash on them, i'm sure the panels do too. does someone come by and clean them off once in a while?
i'm no expert but it looks like you're leaning / jumping forward a lot on your serves? you may be throwing the ball too far in front of you (I think it should be going straight up an arm's length in front of you instead) and making up for it by jumping forward too soon.
I try to do fifty percent real estate and fifty percent rental properties. Its worked good for me the 35 years I have had rental properties. I am starting to wind down the rental properties, and selling one or two a year. Its a good feeling.
Where did that new dog come from?!
Rent that PS house by the month. Check out Rick and Kelly Leventhal’s PS rental.
honestly I think it’s good if buying homes for short term rental isn’t worth it. it is inflating the price of homes so much, so many people can’t afford to buy their own homes anymore. really sad situation.
@@DrMichellePonder it doesn’t really inflate them that much though, because the neighboring cities don’t allow it at all anymore and are still so expensive!
The music on hold sounds
like the song....Shot Gun.
yeah better just buy large cap index fund and let it ride, you dont even need to stock pick. you absolutely right
Now you know. So…is Joshua Tree going to be worth it? Especially with a partner?
Would love to hear who from BP you watched? I would like to see what they think about the numbers
Who forgets their mom’s birthday??????
Aww moms still love things that we make them! ❤️❤️❤️
So I think it's a few things it's the market you decided to purchase in and the amount you decided to spend on the purchase + reno. You've could've gotten a few houses in a city... Say Charlotte, etc. even if they were new flips, you would have cash flowed probably a lot more year-round than your Palm Springs homes. Especially if you did midterm rentals you don't have to worry about frequent turnover.
I figured you took guys show the Palm Springs location because you guys want to actually spend time in the property as well. Airbnb is definitely not dead, but it just all depends on your strategy. I cash flow so lovely and bought my homes around the same time you purchased the Palm Springs property.
Next time perhaps do a live-in flip that way you don't have to put as much down and you can turn it into a rental in a year. I'm not sure if you listen to BiggerPockets money that's how Mindy made so much $$
You taught me more about purchasing a home than my Econ teacher
It was always a dump at least you got some TH-cam money from it
I would love to manage a property with you.😊
AirBNB bubble about to burst
who is the new dog, is it your Mom's, Happy belated birthday Momma Church!
That’s teddy not a new dog
Awesome video!!! Love your outfits! I am definitely going to use that wet bandanna trick when I play tennis. The salad looks so good. Wow the sky is so dusty! The Sun is so pretty. That house is so modern. That pie looks so good! -Rory❤❤❤
Love Tommy B’s!!!
This is only in a bull market though. If it's a bear market you may not make anything.
Shelby, I love the background about how you study your home in Palm Springs and how it was doing. It seems with Joshua Tree with the ability to rent more will make your house there make economical sense. One thing you might want to try in Palm Springs is Brandini Toffee. I think you'll love what they have to offer. Again, loved your vlog!!
i lovedd hearing your process on breaking down if the STR was worth it or not! i always learn something new watching your videos!! love it!!
I only think of Tommy Bahama has the clothing apparel brand. Lol. Happy Birthday Mom Church.
Oh Shelbs!!!!!!!!!!! I can't wait until we get to finally do a meet n greet. We are going to make TH-cam history!!!!!! I am so excited for our domination in the social media game.
What
@@alexandria65 what?
Be careful with comparing anything on short term data, if you put all your money into the stock market on December 31, 2021... you would have been negative and not back to the price you paid until 2 years later, Jan 12, 2024... This is why they say to diversify :)
It would be cool to do some unique builds where people can make money by living there but are also giving back to people who don't have money and need housing. I know it's complicated when people want to protect their property and assets, but if they can write off real estate philanthropy, there could be a way to make money while also helping house people. The design of the homes would be the clinker since people have different values. Love your content -- :Dwellineer
@Shelby Church Vlogs
Maybe there's another market to advertise to?
I like the that you had the guts to buy and make money via renting and at the same time investing in property. I just think that you have invested so much at the beginning to renovate it all. Then you tried to make up the money. Also the 1.5 M that was evaluated at one point , it was because of 2020 Covid year and demand for houses. The stock market is not always up , so money in house is a more solid investment but slower moving. Just my 2 cents here . ALso I am like 20 years older , so stock market history is different from my point of view.
I think the AirBnB era is over.
managing property can be crazy expensive when it is not your expertise. Dont believe the grifters, i'ts just not for everybody! imo
I enjoy making spreadsheets in my spare time. I call them budget reports, but basically the same thing. lmao. I like numbers and simple math.