This is how I remodel my Fourplex units. All of them with some variance in flooring. Bathroom is all the same I chose the bathroom flooring and the tiles along with the doors. I love it. This is a 3 bedroom 1 bath 750 sq ft $2500 South phoenix AZ

Everyone who works for a W2 company and has some sort of 401K is indirectly buying SpaceX. Thats why is climbing. It’ll climb even more. Buy more shares

Which landlord pays a lawyer $1000 to evict a tenant out when you can do it for maybe $200

Some landlord who manage their rental properties out of state are finding some real obstacles For example if you don’t have no one to show the property and just a lockbox with a key outside the door some potential tenants don’t trust this system as in they want the owner or a manager to show them the property. They think it might be a scam otherwise. Landlords out of state How do you overcome this obstacle I tell people to just pay someone to show them the unit like a cleaning crew member or someone that you trust to show the property… Scams are on the rise

Project El Paso Scenic Drive, a custom house on a hill overlooking El Paso. It was supposed to be a flip, the house was small and the lot was big. We thought about maybe doing a value add and just add 2 rooms and one more bathroom but there was a problem, we didn’t like the floor plan layout so we decided to demolish everything and start everything new. I’m sure no flipper here would do such a thing. Flippers want to go in and out in less than a month. Not us. Started from the ground up, new design, new floor plan, adding more foundation more concrete to make the house much bigger and with a touch of modern look inside and outside. Very risky project We had a hiccup that delayed the permits for 3 weeks more, yes this is normal in construction development… but we now we have the permits approved again and we have green light. This house will look great and we’ll be selling it. If it doesn’t sell we’ll keep it. Claude AI is helping us a ton with this project… Will be posting updates as we move this project forward!

As an investor or as a buyer of a house you should have two lenders competing for your business. You’re shopping around for a mortgage and as a buyer you want to pay less in fees, credit points and better rates and exact terms. Best thing happens when you pay for two different appraisals and you’ll get two different opinions You choose the best option. Let them fight for your business

If you have a high credit score and you can get cheap mooney then take advantage of it. Credit scores always go down, if they’re up that’s when you take advantage and act on it. I still have higher than 800s and I’m doing one loan after another one before the creditors pick up on it and drop my score. Gotta move fast

Wrong. I just moved to a house. I rented my 3% mortgage house Current mortgage is $1450 monthly New rent of my old house is $2995, I couldn’t rent it for $3100. My new house payment is $2350 I’m using the extra $1545 payment towards paying the mortgage of the new house. I think it’s a good plan. My new house is 20X better than my old home. You can move from the 3% mortgage house but you don’t know how to move. There is a difference

I ordered the standard Starlink in May 28 and @Starlink hasn’t shipped my item yet. What’s the hold up @grok

The same thing could happen to you if you buy a duplex if you live in it for two years then rent it out. You can become a millionaire in less than 20 years just by holding on to the duplex.

I was speaking to a GC the other day and he told me that he knows a house flipper and he’s been doing pretty good house flipping. The flipper even has been telling the GC to get into the house flipping business instead of new builds because it’s faster, less permitting and can pay subs really low and make more money that way. The GC said that even though the house flipping looked good on paper he would stay continue building new builds…. The GC called me saying that the house flipper got into a BIG problem. House flipper bought an outdated house with outdated wiring and so he did what he does best, put a lipstick on a pig. He ripped the old drywall, used the same insulation and left the same old wiring and installed new drywall and painted it. That easy. A quick $90K in 2 months and no permits submitted to the county because didn’t re wire the house so no licensed electricians needed… The house flipper sells the house to a young family, family moves in. Two months later, the house catches on fire starting from the attic and a kid dies because of a faulty old wiring system in the attic. Devastating Guy gets put in jail, he bails himself out, the court tells him that he can’t do any house flipping of any kind or construction related stuff or leave the state. He needs to stay put while the city officials finish the investigations and he is expected to show for a trial. The city will find a guilty party… All his assets are frozen, cash, bonds, stocks, cars, everything. House flippers do your job correctly, you are playing with fire, families live in houses you’re flipping, new wiring should be the absolute minimum to replace, a lot of flippers overlook this. This house flipper obviously maintains his innocence, we’ll see what happens…. Don’t cut corners …

I went to a real estate meet up of a Multifamily syndication in Phoenix area and met a lot of people and one guy made my jaw drop to the floor. I meet this Jewish guy wearing a kippah around 28 years old and I ask them how many units does he own, he says 101 unit and all units are in the same apartment building. I then ask them how he structured the purchased and he says he owns it outright 100% cash. I’m like WTF How did you get the money to buy it He says it’s family money but that property is his 100%. All his bloodline is secured 10 generations out at least. Assuming the rent average of the 101 apartment units are $1800 $1800*101=$181,800 per month. $181,800*20%=$36,360.00 Rounding it up $150,000 cashflow after expenses $150,000 can be invested in other businesses and work that money until it breeds more money 10X 28 years old and owning a $20MM property portfolio making $150,000 monthly cash flow not debt Next level wealthy. Goals*****

Someone told me the other day that his company emailed him that they were going to lay him off. He’s 40 years old, he worked there for 15 years. 5 year ago he bought a house and he had around $170K in equity, he’s planning to sell the house…. He also said that many financial institutions have been offering him $100K on unsecured loans and he’s planning to get one or two as many as he qualifies before he gets laid off So he’s going to sell the house plus he’s getting $100,000 so that’s more than $250,000 liquid cash. He says he’s going to take a couple of years off go on vacations enjoy life and when he’s done spending the money he’ll settle down with a good and working girl. He said that he’s not planning on paying none of that cash back. Crazy if true

For a business owner and those who don’t work for a company who pays for a part of the healthcare costs… For a healthy family of 4 it’s better to not have health insurance Save your money, stack it for an emergency Otherwise If you have healthcare Your monthly premium is around $2500 and a deductible of $18,000 Fuck that. I’m thinking of going with no insurance Cash is way better Visit costs are less expensive Prescriptions are less expensive Treatments are less expensive A lot of middle class Americans are deciding to go this route. Healthcare is very expensive for a family of 4.

I don’t know if it’s a good thing or a bad thing that when a landlord advertises their rental properties in Facebook marketplace the landlord can view all the potential renter Facebook profiles and private lives of the person right there. I’m sure some landlord based their decision a little bit on what they see on those profiles. Be careful what you post on Facebook…