There is a lot of bad advice floating around online when it comes to real estate investing.
Time for a stiff drink and some stuff you might not want to hear.
A thread 👇
Most real estate influencers spend 99% of their time trying to sound smart.
They purposely make things too complicated.
When you do this for a while you can tell if a property is worth buying with a napkin and 30 seconds.
The problem with being a big real estate PE firm:
You need to do good deals year after year and deploy 10s or 100s of millions in capital.
It’s a hamster wheel making others wealthy.
The advantage of being you:
One building like this can change your life.
Buying real estate that doesn’t cashflow well because values have risen 10% / yr for 10 yrs while wages have risen 3% / yr for 10 yrs is very risky.
I don’t care how long your interest rate is “fixed” for.
Markets are cyclical. Trends change. Bankruptcy is real.
If you don’t know anyone with money and you have less than $250k of your own cash real estate isn’t the best way to make money.
Even a $500k property (like the one pictured above) requires $150k down and another $100k in cash reserves.