Contact Us 👇👇👇 📅Schedule CALL HERE 👉 👉 👉 calendly.com/michael-pernateam/home-consultation 📱Call or Text us: (248) 221-2777 📨Email: MikePerna@PernaTeam.com
Hello dear! I just discovered your Real Estate channel and I’m really impressed by the detailed information you provide about properties! Your insights on market trends are really helpful. I’d love to hear your thoughts on whether you think buying a property is more about location or the long-term investment potential?
@@sonjoysarker919 a little bit of both. The best investments for cash on cash return are often in less desirable locations. That said you gotta enjoy where you live. If it’s your first home buy where you want. Live there for two years & then buy the next one. Do that 5 times & keep 5 homes. 20 years later (30 total) those 5 homes bought at 300-400k will be worth a total of 7-8 million and all almost paid off
@@MichaelPernaTV Thanks for your great answer! I totally agree that when you buy your first house, you should live in a place you like, and later the value of those houses will increase. Your system is amazing and it will really inspire many. Meanwhile, I think your channel can reach a lot more people if some advanced techniques are used. By making your videos more interesting, it is possible to increase views and subscribers quickly. By reaching your videos to new audiences, your subscribers will increase. If you want, I can give you some suggestions that will help your channel grow quickly and increase sales. Do you want to discuss this?
Hahaha “rents in ‘25 will keep pushing people from being renters to buyers”…. You realize the data nationally shows rent cost is considerably lower than buying. For the people in real economic cities such as here in Seattle- it’s nearly half the cost to rent. That’s why as an investor (4properties) and RE professional I’ve had strong 7 figures on the sideline because zero makes my buy-box. Correction is here. Watch. I can be authentic as an agent. I’m about to lose a lot of equity. If my holdings weren’t pegged for development, I’d sell. As it stands I’ll build in about 5-6 years on the next acceleration.
@@cascade_Luke first, that’s awesome as in investor. I acquired another half dozen doors last year and am shooting for 12 more this year. Yes & no. Rents are lower right now in this moment, but still very high. That said as rates come down the cost of homeownership will also come down as rents won’t. Also at that point do to lackluster new construction in the affordable home range, home values will subsequently go up. Also I’ve been doing a lot of Sub To’s to keep my interest rates below 4%, and my cash to close total all in under 8%. If you want to chat on that lmk
@ good for you - you’ve got balls. I don’t set goals to buy X amount of anything. It either works on my proforma or it doesn’t- no forcing because I’ve made some arbitrary goal. Additionally I’m bearish as a whole atm. I’ve greatly reduced my equities positions and just take a comfortable 5% on my cash - which turns about 140k a yr in interest. Like hell I’ll risk my powder. 3 of my 4 properties are older modest homes that I will divide into 2-3 dwellings that would sell for 2M in current market. Who knows what that will look like in time when I do it. These are retirement plays. I’ll be cashed out and done in my early 50s. Slow and steady. Again, correction is here.
@@cascade_Luke great goals! Part of the buying is tax strategy, part rent & appreciation strategy. I completely get that. A lot of people are looking for a downturn and hoping for one however there isn’t a single indicator of one on the horizon. What are you saying that could cause one?
@ that makes sense. For me it’s about the volume. 4m in cash flowing properties is what I need for tax purposes to get me with my other tax initiatives to 0 out all my income tax. Half I cost seg, half I go the full 27.5 for the long play. Even with a correction I come out on top with the tax implications. To your point, slow, steady & it’s all a long term play. Long term real estate always goes up. When I’m asked to coach people on taxes I usually advise 6 month cash reserves at a 5% rate. The rest depending on age a mix of long term real estate, etf’s and income type dependent (like us, K1 income) energy creation. That’s the only thing that wipes K1. The rest is kids on payroll, the proper use of the Augusta rule, which most people miss. Stuff like that.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Contact Us 👇👇👇
📅Schedule CALL HERE 👉 👉 👉 calendly.com/michael-pernateam/home-consultation
📱Call or Text us: (248) 221-2777
📨Email: MikePerna@PernaTeam.com
Hello dear! I just discovered your Real Estate channel and I’m really impressed by the detailed information you provide about properties! Your insights on market trends are really helpful. I’d love to hear your thoughts on whether you think buying a property is more about location or the long-term investment potential?
@@sonjoysarker919 a little bit of both. The best investments for cash on cash return are often in less desirable locations. That said you gotta enjoy where you live. If it’s your first home buy where you want. Live there for two years & then buy the next one. Do that 5 times & keep 5 homes. 20 years later (30 total) those 5 homes bought at 300-400k will be worth a total of 7-8 million and all almost paid off
@@MichaelPernaTV Thanks for your great answer! I totally agree that when you buy your first house, you should live in a place you like, and later the value of those houses will increase. Your system is amazing and it will really inspire many.
Meanwhile, I think your channel can reach a lot more people if some advanced techniques are used. By making your videos more interesting, it is possible to increase views and subscribers quickly. By reaching your videos to new audiences, your subscribers will increase. If you want, I can give you some suggestions that will help your channel grow quickly and increase sales. Do you want to discuss this?
Hahaha “rents in ‘25 will keep pushing people from being renters to buyers”…. You realize the data nationally shows rent cost is considerably lower than buying. For the people in real economic cities such as here in Seattle- it’s nearly half the cost to rent. That’s why as an investor (4properties) and RE professional I’ve had strong 7 figures on the sideline because zero makes my buy-box. Correction is here. Watch. I can be authentic as an agent. I’m about to lose a lot of equity. If my holdings weren’t pegged for development, I’d sell. As it stands I’ll build in about 5-6 years on the next acceleration.
@@cascade_Luke first, that’s awesome as in investor. I acquired another half dozen doors last year and am shooting for 12 more this year. Yes & no. Rents are lower right now in this moment, but still very high. That said as rates come down the cost of homeownership will also come down as rents won’t. Also at that point do to lackluster new construction in the affordable home range, home values will subsequently go up. Also I’ve been doing a lot of Sub To’s to keep my interest rates below 4%, and my cash to close total all in under 8%. If you want to chat on that lmk
@ good for you - you’ve got balls. I don’t set goals to buy X amount of anything. It either works on my proforma or it doesn’t- no forcing because I’ve made some arbitrary goal. Additionally I’m bearish as a whole atm. I’ve greatly reduced my equities positions and just take a comfortable 5% on my cash - which turns about 140k a yr in interest. Like hell I’ll risk my powder. 3 of my 4 properties are older modest homes that I will divide into 2-3 dwellings that would sell for 2M in current market. Who knows what that will look like in time when I do it. These are retirement plays. I’ll be cashed out and done in my early 50s. Slow and steady.
Again, correction is here.
@@cascade_Luke great goals! Part of the buying is tax strategy, part rent & appreciation strategy. I completely get that. A lot of people are looking for a downturn and hoping for one however there isn’t a single indicator of one on the horizon. What are you saying that could cause one?
@ that makes sense. For me it’s about the volume. 4m in cash flowing properties is what I need for tax purposes to get me with my other tax initiatives to 0 out all my income tax. Half I cost seg, half I go the full 27.5 for the long play. Even with a correction I come out on top with the tax implications. To your point, slow, steady & it’s all a long term play. Long term real estate always goes up. When I’m asked to coach people on taxes I usually advise 6 month cash reserves at a 5% rate. The rest depending on age a mix of long term real estate, etf’s and income type dependent (like us, K1 income) energy creation. That’s the only thing that wipes K1. The rest is kids on payroll, the proper use of the Augusta rule, which most people miss. Stuff like that.
Also as there’s no indicators of a correction coming and I’m still getting homes at an average of 3% interest rate it wins on 3 levels.