Chrandlord

@theficouple Asset = money in pocket each month. Liability = taking money out of pocket each month. Mortgage is liability.

People like to debate whether a home is an asset or a liability? But if the home is worth $550,000 & the couple owes $200,000? Their net worth has $350,000 included in it making the home an asset. ...What are we missing?

@josgracee @thmoneycircle Like 600 bucks

@ChrandLord @thmoneycircle and paying how much for the $75k mortgage?

can someone explain midwest rentals to me? In Nashville you can't buy anything that hits the 1% rule but there is stuff all over the place in MO, IL, etc Why?

@thmoneycircle Modernized is $750-1200

@ChrandLord what are they renting for

@thmoneycircle Sub 40K a door in multifamily.

@ChrandLord there is a fortune to be made doing that

@Vq03 15 bucks versus replacement and tying up my guys for the afternoon. Not worth it. It’s an industrial look. It’s what the people want 📈🫡

@ChrandLord The cost of just replacing that tub compared to having to see that pipe extension 🤣

Installed two rainfall shower heads today…One is a standup tub and we aren’t remodeling so it is what it is 😂

@Vq03 What are you calculating

@NickMaccini Are you saying Teslas are the flex

I don’t care how nice your car is, if you’re driving yourself it’s not a flex

Tenant moved out. Front door was crazy bad. I took the screen down and put up a stainless steel screen with trim around it. I am horrible at mitres. What a great reminder.

@Jacob_Naviaux This is why I have the girls.

Most flippers absolutely suck at their job. I see some of the renovations that hit the market and genuinely wonder what the investor was thinking. It’s bad out there. Weird design choices. Finishes that make no sense. Stuff that doesn’t fit the neighborhood at all.

@N8RealEstate @salesprocapital Send me details

@salesprocapital April 1st

Hosting another investor meetup in Cleveland Shoot me a DM if you want to come

Normie investing advice makes me want to shoot myself

@GenZMultifamily Nice

Sending an offer on a building bigger than all 3 of mine combined. If I was soft, I'd be freaking out right now. Men lie, women lie, numbers don't. Trust the numbers, nothing else.

@TateTheTalisman I make real estate deals happen and negotiate seller financing terms. Also racist

I’m hiring. Won’t give the job description. Post underneath why you think you’re qualified to work for me. 2 positions available.

@Jacob_Naviaux 1

BRRRR investors: You buy a property where the HVAC and roof are both 20–25 years old, but still working fine. No leaks. No issues. Do you: 1. Leave them in place and run them until they fail, knowing you’ll likely be replacing them in the next few years or 2. Replace them during the initial renovation so you don’t have to deal with it while the property is tenant-occupied?

I think they cloned sayuki

@realestatedude0 True

Agree

@theficouple Seller finance is my favorite. I’ve only done sub to a handful of times. 95% of deals are seller financed.

@ChrandLord What kind of creative finance do you like? Seller financing? BRRR? Sub-to?

The average new car payment in the US is ~$735/mo. That’s $8,820/yr & a person could use that money to instead: -Invest $7,000 in a Roth IRA -Put $1,820 towards an epic vacation A new car sits empty most of the day & hurts your ability to build wealth.

@thmindustriesre Do it

Just walked a house less than half a mile away from where I live. It’s tucked back away from the road, 4000+ square feet, carriage house, built-in pool. House needs easily 300,000 in renovation. Probably worth over 1 million out.