Seymour Skinner

@BarryRoland19 20% prop management fee??

LA multifamily back of the envelope underwriting below. You're welcome.

@NickCho Where is this energy for abolishing rent control?

Can nothing be done? Lived in California since 2011 & while overall think it's wonderful, the one thing that I've been absolutely perplexed by is Prop 13. It's the worst thing about CA & everyone just accepts it, & almost every other problem with CA is because of it.

@wentsickomode Andre fell off the algorithm after this clip made the rounds

Family-values advocate Andrew Wilson has an on-stream meltdown after a female debater reveals that his wife has three children by three different men and was married twice before him “Don't talk shit about my wife, shut your fucking mouth.”

@Generational_1 @RexhaRexhaRexha There isnt much gains when the income is capped by rent control. Also depending on value, things like measure ULA also huge chunks of profit. LA is driving away investors and by consequence developers

@RexhaRexhaRexha And he was leaving out often major returns from the capital gains at the sale.

Graham Stephan reveals why he is SELLING ALL OF HIS REAL ESTATE "My properties in Los Angeles do not make a lot of money" "Most people have this idea of these multimillion dollar plots of land by the beach that just collect massive checks every month, but in reality, the truth couldn't be further from that" "Once you account for property taxes, insurance, repairs, maintenance, property management expenses, city registration fees, & other miscellaneous costs, my total cash flow works out to be 4-5% ... that's it ... for the time, risk and headaches it is just not worth it..." "You know what else pays 4-5%? Risk free treasuries, Municipal Bonds, Savings accounts, Money Market funds, and with those I'm not subject to endless restrictions, phone calls, emails, and constant negotiations"

@vulturetrades Ok

Starting a fresh $100 —> 10,000 challenge. Last time it took me about 7 days, will try to do it faster this time. If you want to follow along, comment below to join Going to lock comments in 24 hours

@eM7yPKfGGCbzSJb @theepicmap This post is the epitome of AI slop

@theepicmap Because the cost of living in the Western US is out of control.

Why are there basically no major cities on this stretch of the US West Coast?

@ChrisRamsey60 Funny how every real estate “guru” on here loves to hype depreciation as if it’s free money but somehow never mentions depreciation recapture.

You sit down with with your accountant. You ask how much real estate do I have to buy this year to not pay taxes? you buy that real estate. Cost seg That’s it.

@ChiefLukeWarm @TheMoneyApe You mean this guy right

@TheMoneyApe Michael Bolton has more wisdom on foreign policy than this idiot.

🚨BOLTON: TRUMP'S STRATEGY WRONG🚨 "IT IS A MISTAKE TO SEND THE VICE PRESIDENT." JD VANCE ARRIVED IN PAKISTAN FOR NEGOTIATIONS WITH IRAN IRAN PICKED THE LEVEL OF TALKS. AMERICA AGREED. TRUMP WANTS A WAY OUT AN…Show more

@therobbieharvey That's Harry Dresden

UPDATE: The man seen on Ring camera footage asking, “Where is your daughter?” was able to get inside. At that point the home owner rushes home and a confrontation takes place with it all being captured on camera. The suspect has been identified as Jason Thomas Nichols. He’s facing four felony charges and his bail was set at $35,000.

@raiderpain @jasonjosephlee The only state thats doing anything for the average man is FL by eliminating some property taxes on your personal residence

@jasonjosephlee You ever see a company go backward with pricing? States and governments are no different, doesn’t matter who you elect, no one is gonna make it cheaper when they already know they can charge what they charge.

Every time I open my phone I see people trashing California. "LA is a dumpster fire!" "San Diego traffic ruined the city!" "San Francisco was so beautiful until the liberals ruined it!" I know several people who fled to Tennessee, Arizona, and Texas during the pandemic, hated it, and came back to California. People from all over the world dream of coming to California and love it, I honestly can't understand why people are so angry at this beautiful state. Instead of being angry, let's file a petition to get Karen Bass out of office.

@moseskagan That depreciation hits different but recapture hits harder. Everyone thinks it's free money until they realize it's actually a loan.

Cost seg + accelerated depreciation + RE pro status (so you can use the losses to offset active income) a v powerful combo (I actually looked into starting a business helping non-working spouses get and maintain RE pro status, but couldn't see a way to do it without coming very close to some legal lines.)

@forgotv @contractorkeith Nothing is ever tax free 💀

@contractorkeith Hell no if you can do it. You are a flipper, the owner of the property with the right to repair. The only time you want permits are electrical and plumbing, and they love signing off on completed work if its right. Few flip like I do. Well over a million in tax free gains.

How to buy a home from a flipper: Did you hire a GC and pull all required permits?

@Tapper0917 @climate56842905 @Realismusjihad @LibertyLockPod Look at their history is right. You should remind everyone about the time Iran shot down an American airliner killing everyone on board. My bad that was actually the USA.

@climate56842905 @Realismusjihad @LibertyLockPod But they would act. Look at their history. Listen to their words, "Death to America." Apocalypse to kill the Great Satan is worth it for them. Death cult, homie.

Losing a ton of followers. Don't care. I'm right. You're wrong. This war is an abomination and Trump is clearly insane. Keep clapping for the demise of our country. This ain't MAGA. This ain't America First. If you haven't figured out that you've been played by now you never will

@ThinkAppraiser Why stop at 100 you gotta think bigger than that

Buy 100 houses, rent them all out, put them on 15 year mortgages, pay them all off At retirement, you should have about $300,000 a month in income

@BarryRoland19 Where is that guy that said he has an app for due diligence that captures every detail. I wonder if can I smell you lady is on there

Few weeks ago I toured a building in a D/F area. My dad wanted to come along. As we’re leaving the tour and about to get in the car, some lady with a bunch of empty plastic bottles yells from behind a different building’s entry gate: “You don’t live here!” “I do not.” “Oh — you gonna buy that building, huh?” “Thinking about it. What do you think?” She shakes her head. “I wouldn’t. Everybody always fighting there.” I laugh, trying to end the conversation. Then she asks, “you married?” “I am.” “Aw man. I don’t have a boyfriend or girlfriend.” I don’t respond. Then she goes: “Ok, at least let me smell you. Just a smell. Come here. Just one smell.” …and starts reaching through the gate trying to grab me, sniffing through the gate. I try to play it cool, like “ha ha no miss please do not do that I am married with children my wife will kill me please stop haha”, and get in the car. I turn the engine on, then realize my dad is missing. I look out that passenger side, and there he is, still outside, chatting it up with her. That’s all the due diligence I needed.

@hearinladotcom Flourishing with billions short in the budget?? Why do you think that is? Nevermind just put the fries in the bag bro

@ruggedjeep and yet... somehow not only do we pull it off hear but we flourish, inspire, influence, and dreams come true. figure out how and why and you'll be superintendent skinner in no time

a new study shows if you flee California you typically save about $700 a month on housing. is the great weather, access to the beach mountains and desert, availability of the best entertainment in the world, incredible selections of international foods, and not being surrounded by MAGA worth the extra $8,400 a year?

@N8RealEstate Where is it located?

Got a call from a seller, they have a house in a really nice neighborhood They have a squatter that’s a relative, there was never a lease and they were never considered a “tenant” They’re trying to evict, but it’s taking forever Anything I can do to get them out?

For those who used a computer between 1995 and 2001, what's the computer game from that time that sticks with you the most, and why?

@Lufe77Liya77 @SStricklandMMA Obama had a long term peace deal that got shredded by trump. It's 100% trumps war.

JD Vance is anti war he won't be the next POTUS, Democrats will continue the US legacy of attacking other countries in 2028. Bush attacked Iraq Bush/ Obama//Trump/Biden attacked Afghanistan Obama attacked Lybia Obama/Trump/Biden attacked Syria Trump is attacking Iran Someone from Drmocrats will continue the legacy from 2028 This is not Trump's war, it's US war.

JD Vance is slowly realizing his 2028 run is dying because of Iran