FollowTheIncentives

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FollowTheIncentives

FollowTheIncentives

@FollowIncentiv

It’s not left vs right It’s incentives Money | markets | real estate | Tesla | Memes

United States شامل ہوئے Ağustos 2011
220 فالونگ163 فالوورز
پن کیا گیا ٹویٹ
FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
@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
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
@GenZMultifamily Interesting you picked Ohio while being based in California. What made you choose that market? And how’s the remote management working out?
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GenZ Multi Family
GenZ Multi Family@GenZMultifamily·
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.
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
@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.
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GenZ Multi Family
GenZ Multi Family@GenZMultifamily·
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
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
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
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think like a real estate appraiser
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
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
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
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Bernie Sanders
Bernie Sanders@BernieSanders·
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…
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
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
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
@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
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Leading Report
Leading Report@LeadingReport·
Gen Z and millennials are burnt out because older generations had much easier lives while working far less hard, per FORTUNE.
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Chris
Chris@Chris38574024·
@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.
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The Washington Post
The Washington Post@washingtonpost·
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
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
@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
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Richard Hanania
Richard Hanania@RichardHanania·
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.
David Dayen@ddayen

This was preordained the moment rentals became an asset class. When landlords feel obligated to produce supra-normal returns for investors, of course they would seek whatever possible means to deliver them.

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theficouple
theficouple@theficouple·
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.
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
@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
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FollowTheIncentives
FollowTheIncentives@FollowIncentiv·
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
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Uzi
Uzi@UziCryptoo·
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.
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Dokk🧊
Dokk🧊@DokkForReal·
@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 👀
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skum🧊
skum🧊@skumWgmi·
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?!
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THE DIVIDEND DOMINATOR
THE DIVIDEND DOMINATOR@TheAlphaThought·
What’s the smallest expense you’ve cut that has made the biggest difference in your savings?
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Yuta
Yuta@rlevi·
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.
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George
George@BehizyTweets·
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.
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DividendBoomer
DividendBoomer@BoomerDivvies·
Your house may not be part of your net worth, but my home is definitely part of mine. It’s a big asset.
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