Hi guys! My wife and I just bought our 2nd primary and turned our first home into our first rental property. Been a big fan for a long time. Thanks for your advice and hard work.
After building a rental property portfolio, I became exhausted with real estate market challenges and decided to sell. Now, with about $5 million, I'm contemplating investing in the stock market with solid positions. What are your thoughts?
With $5 million, a single wrong move can have significant consequences. It's essential to invest cautiously and diversify, allocating 40-50% to safe investments. Given your budget, I recommend considering financial advisory services.
Right, a lot of folks downplay the role of advis0rs until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advis0rs and thankfully came across one with grit. As of today, my portfoli0 has grown by 25% every quarter since Q3 2020.
I've stuck with the popularly ‘’Melissa Elise Robison” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies, I would like to thank John Preston for my crypto education..
I agree that there are strategies that can be used to generate solid profits regardless of the state of the economy or market, but such implementations are usually carried out by investment experts or advisors with experience.
Don’t do an investment for Taxes??? I did a 1031 where I sold my Rental with about $150,000 in total depreciation and bought two Townhouses with total of about $550,000 in Depreciation! Cost me $75,000! I should have about $14,000 in Increased Depreciation which for Tax purposes means LESS RENTS! Needless to say, I’m looking to do that on more Rentals!
Agree with everything but the California market comment. ADU laws have made land more valuable than houses making it difficult to see a RE market crash in California. The ADU speculation bubble currently in CA allows significant rental income growth justifying the increase in home values. When correctly calculated an IRR return of 20-80% yearly ROI can be achieved w RE rentals in many markets.
Hey guys, I appreciate the video, it would be much more helpful. If you could show your screen or spreadsheet while you’re going through the numbers. On any kind of discussion where there’s a lot of numbers involved it’s much easier to follow along. Thanks for your help moving forward.
Bought 4 then did a 1031 Exchange last month now have 5! Looking to do more 1031’s and increase my Depreciation and limit my Required Outside work by going to Townhouses! (Did that on our 1031!) May not be Financially the best move but, I’m wanting to make things easier now!
Is there an hoa on that town house. I have never seen one that didn't like a condo. I know the fees are less but be careful of hoa docs that might have rental restrictions.
I'm waiting for the future buyer of my home to send me her email. I'm selling because my taxes are now TWICE the price of my mortgage. EVERY appliance in my home is broken. EVERY one except the dryer and that doesn't dry the clothes 100 percent dry. I repaired the washer and it lasted 18 months. It washes but does not spin dry the clothes. I ring them out by hand before they go in the dryer. The days of "passive" real estate investing are gone. People don't pay you, the politicians pass laws allowing renters to stay in your apartment when they can't or won't pay rent. How many YEARS were people allowed to stay in apartments during and after Covid. You want to throw away your retirement? Live in the street while others live for FREE in rental property you thought would provide for you! Be careful what you wish for. Politicians will raise your taxes to infinity. They don't care if businesses go out of business. See California or NYC if you need proof.
Hi guys! My wife and I just bought our 2nd primary and turned our first home into our first rental property. Been a big fan for a long time. Thanks for your advice and hard work.
After building a rental property portfolio, I became exhausted with real estate market challenges and decided to sell. Now, with about $5 million, I'm contemplating investing in the stock market with solid positions. What are your thoughts?
With $5 million, a single wrong move can have significant consequences. It's essential to invest cautiously and diversify, allocating 40-50% to safe investments. Given your budget, I recommend considering financial advisory services.
Right, a lot of folks downplay the role of advis0rs until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advis0rs and thankfully came across one with grit. As of today, my portfoli0 has grown by 25% every quarter since Q3 2020.
How do I find a suitable fiduciary advisor, can you recommend any?
I've stuck with the popularly ‘’Melissa Elise Robison” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Thank you for doing all these videos Mark I've learned a lot from you I've got four rental properties
The golden ticket is getting an STR with a payback period of around 5 years which means revenue = 2x expenses. That's my investable deal.
You guys never considered maintenance or property management costs in your cash flow example.
I rewatched and they had $4000 in “other costs” which breaks down to about $333 monthly for management fees
The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies, I would like to thank John Preston for my crypto education..
Please how do I go about it, am still a newbie on investment trading and how can I make profit?🙏🙏
HE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.
@hoodsignal ⭐⭐⭐
Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing..☺🙏
I agree that there are strategies that can be used to generate solid profits regardless of the state of the economy or market, but such implementations are usually carried out by investment experts or advisors with experience.
Don’t do an investment for Taxes???
I did a 1031 where I sold my Rental with about $150,000 in total depreciation and bought two Townhouses with total of about $550,000 in Depreciation! Cost me $75,000! I should have about $14,000 in Increased Depreciation which for Tax purposes means LESS RENTS!
Needless to say, I’m looking to do that on more Rentals!
Very important message. Thank you Pat!
Agree with everything but the California market comment. ADU laws have made land more valuable than houses making it difficult to see a RE market crash in California. The ADU speculation bubble currently in CA allows significant rental income growth justifying the increase in home values. When correctly calculated an IRR return of 20-80% yearly ROI can be achieved w RE rentals in many markets.
In China, rental income is only 1% per year
Where can I find financing to refurbish rental property (two houses) that I already own.
Enjoyed the video. Thanks for sharing
Hey guys, I appreciate the video, it would be much more helpful. If you could show your screen or spreadsheet while you’re going through the numbers. On any kind of discussion where there’s a lot of numbers involved it’s much easier to follow along. Thanks for your help moving forward.
Bought 4 then did a 1031 Exchange last month now have 5!
Looking to do more 1031’s and increase my Depreciation and limit my Required Outside work by going to Townhouses! (Did that on our 1031!)
May not be Financially the best move but, I’m wanting to make things easier now!
Is there an hoa on that town house. I have never seen one that didn't like a condo. I know the fees are less but be careful of hoa docs that might have rental restrictions.
@@brandenmurray7444 Good point on the Rental Limitation!
@@brandenmurray7444 Good point on the Rental Limitation!
Great video and info. Unfortunately No passive loss will be allowed if modified AGI is $150,000 or more
Loss may not be allowed but, minimal gain???
Correct. It’s not allowed but like they say in the video it can be used in the future to offset gains when you sell the home.
MARK!!! WHAT???!!! A $400,000 SFR that you can rent for $3500?? Sign me up! I will buy as many of those as you can find for me!!
Impressive
cool video
I thought you had to be a real estate professional to capitalize on depreciation….?
Real estate excel sheet
Biggest lie of all - renting is a passive investment.
real estate is risky & too much work. I rather trade bi-weekly options, $250K generates $10K to $15k a months..
I'm waiting for the future buyer of my home to send me her email. I'm selling because my taxes are now TWICE the price of my mortgage. EVERY appliance in my home is broken. EVERY one except the dryer and that doesn't dry the clothes 100 percent dry. I repaired the washer and it lasted 18 months. It washes but does not spin dry the clothes. I ring them out by hand before they go in the dryer. The days of "passive" real estate investing are gone. People don't pay you, the politicians pass laws allowing renters to stay in your apartment when they can't or won't pay rent. How many YEARS were people allowed to stay in apartments during and after Covid. You want to throw away your retirement? Live in the street while others live for FREE in rental property you thought would provide for you! Be careful what you wish for. Politicians will raise your taxes to infinity. They don't care if businesses go out of business. See California or NYC if you need proof.