Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
I just bought a class A quadplex in a remote market last month with ~10% coc at an interest rate of just under 6%. If you don’t want to invest remotely, I have invested in QQQ for 22 years with an average 14.5% annual return. Paying 6.9% mortgage rate house doesn’t make sense if you are in your growth phase.
For investment purposes the first question is how does this property compare to the current portfolio. If this is a one off investment I would recommend 20% down or whatever the lender requires for investment properties and buy down the rate as much as your lender will allow and purchase the property through an LLC and go from there.
Yes, foolish. For a home over $500k and you still put 60% ($300k) down and only produce $2500/mo and still have a mortgage…NO good deal. Rates are higher for investment properties so 6 mos ago, we decided to cash $260k on fixer in CA, spent $20k on reno, currently rent for $2500/mo. No mortgage and home has already appreciated by over $100k.
The motivating factor is to lower your monthly payment, f'n duh. If you're not making any profit on your tenant's monthly rent then you're not able to set aside funds for repairs or whatever may arise.
Great Podcasters but doesn't mean this is appropriate for most fox out there just be aware. They are share their thoughts and monetize so take it for what is worth 😉
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving
Owning 5 properties is way less risky then owning one or two
I just bought a class A quadplex in a remote market last month with ~10% coc at an interest rate of just under 6%. If you don’t want to invest remotely, I have invested in QQQ for 22 years with an average 14.5% annual return. Paying 6.9% mortgage rate house doesn’t make sense if you are in your growth phase.
For investment purposes the first question is how does this property compare to the current portfolio. If this is a one off investment I would recommend 20% down or whatever the lender requires for investment properties and buy down the rate as much as your lender will allow and purchase the property through an LLC and go from there.
Tony and Ashley Thank You.
Tony's framerate is weird. Had be bugging out at first lol.
Samesies
One thing on the first house. I have not heard was do you get to keep the Airbnb account attached to that house ?
I hate when they don’t get to the point.
You have to put down 25% on an investment property. The first home no a second home no. Investment property yes
Yes, foolish. For a home over $500k and you still put 60% ($300k) down and only produce $2500/mo and still have a mortgage…NO good deal.
Rates are higher for investment properties so 6 mos ago, we decided to cash $260k on fixer in CA, spent $20k on reno, currently rent for $2500/mo. No mortgage and home has already appreciated by over $100k.
My dad buys his rentals in cash. No mortgage.
The motivating factor is to lower your monthly payment, f'n duh. If you're not making any profit on your tenant's monthly rent then you're not able to set aside funds for repairs or whatever may arise.
Thanks for 100 subscriber you tube family
Great Podcasters but doesn't mean this is appropriate for most fox out there just be aware. They are share their thoughts and monetize so take it for what is worth 😉
It’s worthless video… nothing said about 7% interest is killing deal…
Nothing said above the mortgage payment!!!
Your videos are amazing. I really like it. I am a new subscriber to your channel. Can I talk with you?
Blah blah blah. Never ever answering the question