Mike was real relatable and realistic in his approach. Good to see a normal on the ground that doesn't own 100+ properties that most people cant relate to. If it works in their favor to get another short term rental, I think that would be golden
Instead of purchasing many properties with little equity, I purchased 4 LTR and 1 STR and paid off the mortgages. These will fund the bulk of my retirement.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Simply "buy and hold". It will be worthwhile in the long run. Although higher interest rates typically translate into lower stock prices, investors should be wary of the bull run. To reach your growth objectives and prevent mistakes, it's best to speak with an experienced adviser.
Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
This is quite remarkable! Would you kindly provide your advisor's details? My portfolio is currently experiencing severe retrogression, thus I must decide whether to sell some of my holdings or hang onto them. I am in desperate need of asset allocation.
We need more of this content…feels practical to interview the real investors on the ground
Mike was real relatable and realistic in his approach. Good to see a normal on the ground that doesn't own 100+ properties that most people cant relate to. If it works in their favor to get another short term rental, I think that would be golden
"why buy more if youre doing so well with your first one?" lol right... you only scale when things are going poorly...
It’s easy buy a few good rentals and buy bitcoin that’s my strategy and I’m retired at 29
Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024…
Where’s the link for the lake house, sounds like an awesome place to vacation! Great tips for us older folks too
Do this more
Relatable, real, great advice! Really enjoyed this episode.
Instead of purchasing many properties with little equity, I purchased 4 LTR and 1 STR and paid off the mortgages. These will fund the bulk of my retirement.
😂😂 this guy is funny
I have 19 units, and I am always sort of looking for another one, but then I tell myself, 19 is probably enough LOL.
I'm OCD. If I had 19 units I would want at least one more. Nice even number 😅
Where is the vacation rental located?
Good advice for the new starter.
I missed the part where he rationalizes why one rental is all you need. Did I miss it or was the title more clickbait?
I believe, he was saying it wasn’t possible in this market. He is content with that
watch out for car tels to book them and use them. hes smart turning off autobook
Wow, does that really happen?
How find your forum?
biggerpockets.com/forums!
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Simply "buy and hold". It will be worthwhile in the long run. Although higher interest rates typically translate into lower stock prices, investors should be wary of the bull run. To reach your growth objectives and prevent mistakes, it's best to speak with an experienced adviser.
Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
This is quite remarkable! Would you kindly provide your advisor's details? My portfolio is currently experiencing severe retrogression, thus I must decide whether to sell some of my holdings or hang onto them. I am in desperate need of asset allocation.
@@SaraBenjamin-i4uNo they can’t BOT. 🤖. That is not what this channel is for! Advertise on your own channel 🤖!
Honest question - is "we had a few properties" and "we were middle middle class" sound right to y'all? I think I'm poor as shit than🫣😅