Real Estate General

Yo Zig Forums

Had this thread up last night and was pretty chill - good break from all these coin threads plaguing the catalog

I own over 40 pieces of property - ask me anything.

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Any advice for a new realtor?

dont let commission get in the way of making a deal - dont be afraid to lower it here and there.

also focus on social media and networking online - being a sellers agent is always better than being a buyers agent especially since their is a residential real estate shortage

gtfo grandpa

Just read the old thread (>21210961 btw).

I own some rental apartments in a European captial city. I expect our experiences to be very different.

What is your amortization? How many years until you have your initial investment back?
How do you find tenants and how long is your average vacancy?
What help are you paying for and what do you do yourself? Property management? Rental agencies for finding tenants? Contractors or do you fix shit yourself? Lawyers or draft your own contracts? etc.

I'm struggling with most of these aspects. Profits are decent, but are mostly on paper due to appreciation. Actual rental profits are low as fuck, leading to amortization well over 40 years, which kinda sucks. And any help you hire cuts into your profits that much more, making rental RE at times anything but passive income to me. Tenant retention is also a problem - too many people have figured out the system. If you change adresses every 2 years I never make a profit and you get to enjoy nice apartments you can run down without a care.

Also: Any good horror stories? I got grifted *badly* very early on, I'm sure you have some good anecdotes as well.

My good boy score is terrible (sub 640) and I don't make any money on paper because all my money gets paid to my LLC and used on "business expenses" like my "company car" and "corporate apartment" and stuff. I do make pretty good money though and have a steady job.
I don't want to increase my tax exposure by paying myself anything.
Right now it seems like my only option is to save up to buy a property with cash, and then take equity out of it with a HELOC or something. Any other ideas? Can I get some small business loans to buy property or something? I just want a house near a lake I can rent out while I travel.

Hi user thanks for your time two part question:

A.) What was your first RE investment? Wondering where to start
B.) Are your investments primarily in your country of residence?
C.) How gay are you?

Looking to invest in a nice 3 bedroom home in bakersfield california for 250-300k going to be my first and ill use some link for the down payment. The area has good prospects especially within the next decade.

Any suggested reading on real estate to sort of guide me before I take the plunge next year? Or tips when it comes to have a rental management company as I'm in the military and will be renting my property in the mean time.

I cash out all of my properties - if I dont have the money I dont buy it. The only exception to this rule is when i purchase properties on a land contract and make big monthly payments which are usually done within 6 months.

I typically have my return back in less than 3 years. I find tenants on my industrial and commercial properties by putting up huge banners which I buy cheaply online - I find residential tenants by asking my current tenants if they know someone looking for an apartment or asking neighbors of said property.

My only expenses are property taxes, insurance, and some repair costs. I have a good but fucked up team which does renovations pretty affordably

I draft all my own contracts and have many templates already made.

Man i have some crazyyyyy storied hahaha - I will type some in a moment

>being able to afford real estate

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