FollowTheIncentives

@60Minutes If there is a large demand then they need to stop complaining and start paying more. There are a lot of jobs (listed a few below) that are safer, more comfortable, and probably closer to where you live. It is supply and demand Not demand and complain

@GenZMultifamily Interesting you picked Ohio while being based in California. What made you choose that market? And how’s the remote management working out?

I’ve had a lot of new followers here and truly appreciate it, so here is a quick intro about me. I’m 26, live in Socal and graduated from San Diego State with a degree in Business Finance. I own 17 units across 3 buildings in Ohio that I self manage from California. When I was learning about real estate investing, I got the most value from Ben Mallah. Day to day ownership. No frills and no bs. That is what I am trying to do here, just on a smaller scale of course. Nothing I post is advice or "the right way". I still am learning as I go. I make some huge decisions sometimes not knowing how they will pay off which honestly is scary at times. But I would much rather fail trying, than falling victim to the doomer mentality and not even trying. I share because I know there are many people who are exactly where I was a few years ago. I also get amazing feedback from people much more experienced than me which I am truly grateful for. People say I am a larper or I am lying about this, which I really don’t care anymore. I am literally not selling anything or claiming to be anybody special. If you own real estate and have read my posts, knows I am not just making all this stuff up. And if you do, again, I literally don’t care. I genuinely enjoy posting and learning here. Hopefully others can learn something from my experience. And thank you again to everyone following along.

@GenZMultifamily I get you. It’s getting harder and harder to find deals that actually make sense. Multifamily isn’t as passive as people think. It gets even worse when there’s no cash flow… every repair, vacancy, or surprise comes straight out of pocket. That’s a tough place to be.

@FollowIncentiv Nothing lol hit it on the head. Not interested in this deal one bit

Curious to hear from other investors. Roughly, what would you pay for this building? 8 units, looks like ~$8,800/mo in rent Very nice building, nice area, tenants pay utilities Can MAYBE get monthly rent to $9,400

It works, but most people don’t understand why Simple version: 1.You buy real estate 2.The property produces income 3.The IRS lets you take “depreciation” (a paper loss) 4.That paper loss offsets your income So on paper: You might make money… but show little or no taxable income Add in: • Interest write-offs • Expenses (repairs, management, etc.) And your taxable income gets even lower That’s the advantage The catch? The deal still has to actually make money #realestate #taxes

If you want to pay less in taxes, it is highly recommended to own real estate I don’t know of a better way to pay less in taxes

I find it interesting that Bernie Sanders advocates for more redistribution while personally owning multiple homes. Many people don’t have one. The bigger question is whether going after the people building and innovating leads to more opportunity, or less. What policies actually grow the pie instead of just redistributing it? #innovation #economics

@BernieSanders @AbeLester7 Which mansion did you post this from?

Elon Musk, the wealthiest man alive, recently paid an effective tax rate of less than 3.3%. That is less than the average truck driver, nurse and teacher. YES, we must demand the wealthy and corporations pay their fair share. twitter.com/i/broadcasts/1…

Politicians like Bernie have been in government for decades. Meanwhile, the people actually building, innovating, and taking risks are the ones improving our lives. America’s edge is entrepreneurship. That’s a delicate balance. If you punish the people creating value, you don’t get more innovation, you get less. We’ve seen how that plays out elsewhere. What has decades in government actually produced compared to those building the future? #innovation #economics

@deerugz215 @LeadingReport That plays a part But housing costs have surged over the last 5 years, especially with interest rates rising sharply Hard to attribute that to just personal choice

@FollowIncentiv @LeadingReport But we all missing the most important part better choices in life lol

Gen Z and millennials are burnt out because older generations had much easier lives while working far less hard, per FORTUNE.

@Chris38574024 @washingtonpost My understanding is they already use temporary tents for some outdoor events. Kinda weird the U.S. is still relying on tents for events like this.

@FollowIncentiv @washingtonpost Not trying to be overly critical, but I have questions. As far as I know it’s been made abundantly clear that it is private donations. Also, Permanent vs temporary. I’m thinking that you’re saying this because of Security concerns? Just curious , not being condescending.

Speaking to reporters aboard Air Force One, President Trump showed off a rendering of his planned $400 million White House ballroom. The planned addition is facing a key vote this week. A federal judge may also rule to halt the project. wapo.st/3NLEWPR

@RichardHanania Interesting take. It makes more sense for large multi-family properties. But people were rubbed the wrong way when it shifted into single-family homes. That’s where it started to feel different. #Housing #RealEstate

In general, big business treats consumers better than small business. They are professionalized, benefit from economies of scale, and are accountable to public opinion. The same is true for housing. These people want a world of small landlords. There’s no reason to support that.

@theficouple Where do you have your properties? When did you buy the last one?

Just did the math: Our highest paying tenant pays is $1,600/mo or $19,200/yr They've rented a beautiful 3 bed, 1 bath apartment for the last 6 years. Thats ~$115,000. Gone. No ownership. No asset. Just paying to live somewhere & paying off our debt.

@The_Nybbler @LeadingReport Shows how much prices matter. Yes, rates were 10%+ in the past But home prices were far lower Today’s combination of higher prices + elevated rates is what’s driving affordability down

@FollowIncentiv @LeadingReport In 1990, mortgage interest rates were over 10%.

I love how everyone talks like they’ll rent, invest the difference, and never look back. Reality: most people don’t consistently save or invest. Affordability is rough right now, so renting looks better today. But trends change. A house gives you: – stability – a locked-in payment – something that’s actually yours Not investment advice. #RealEstate #PersonalFinance

Option 1, rent a house for $2500/month Option 2, give the bank $100,000 and pretend you own a house for $4000/month knowing $2700 is going to interest.

@DokkForReal @UziCryptoo Who wants to be flexible at 40 with kids? If you’re single, renting makes sense. If you want a family, stability matters more than flexibility. #RealEstate #PersonalFinance

@UziCryptoo Hot take but this math hits different when you realize renter: $0 locked up, full flexibility Owner": $100K gone + paying MORE monthly + 67% of payment is pure interest the "but you're building equity" crowd has been suspiciously quiet 👀

@tedlieu Have you ever been for a Republican bill?

I will be a hard NO on this Republican budget bill.

@skumWgmi Please tell me where you find 21%+ interest?

You could literally: - Put $500,000 in a high yield account - Earn $9,000/month in interest - Never work again Why aren't people doing this?!

@TheAlphaThought Stayed at home longer. Used it to build a down payment for my first investment property. Bought in 2012 during a down market.” #RealEstateInvesting

What’s the smallest expense you’ve cut that has made the biggest difference in your savings?

@PolymarketMoney What’s a good buy?

Happy Monday.

@seandm69 @rlevi @TiffanyFong 😂 yes, the right

@FollowIncentiv @rlevi @TiffanyFong what about the one on the right?

While attending the University of Pennsylvania, Elon Musk rented a 10-bedroom house and converted it into a nightclub, charging students a $5 entry fee.

This is an insane perspective. And it's all because Europe deviated from the free-market and entrepreneurial-freedom ideals that made them rich in the first place.

@BoomerDivvies How big?

Your house may not be part of your net worth, but my home is definitely part of mine. It’s a big asset.