should i use my crypto money to buy a 3 unit multifamily?
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Date: March 8th, 2024 11:28 AM Author: Glittery Tan Public Bath
a lot of real estate doesn't cash flow at all if you put on decent leverage, particularly in places like CA. the stuff that does cash flow is in boring areas like the midwest and smaller cities/towns in the sunbelt.
you want to be in areas where there aren't a lot of high earners b/c it's way too common for software engineers, doctors and lawyers and whatnot to try to want to be landlords, which drives down cap rates.
also, to clarify my 2% comment. if cap rates are 6% and real long-term risk-free yields are 1% or even 0% (as they were for a couple of years during COVID), then the spread is quite attractive (6%-0%=6%). now real yields are higher and cap rates are lower, so the spread for owning RE has shrunk: (e.g. 5%-2%=3%). during the golden age of RE buying post-GFC, you could easily get 8%+ cap rates and cheaper leverage, which made RE richly cash flowing and as cap rates came down you could use the equity appreciation to lever up and buy more RE. the peak of this game came in 2021-2022 when the cost of leverage plummeted and housing prices exploded. now i wouldn't be surprised if RE prices for residential stay flattish for 5+ years, leaving you to eat mostly meager cash flow.
(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47475147) |
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Date: March 9th, 2024 10:26 AM Author: Orchid Sound Barrier
year of construction
trailing 12
ask to speak to one of the tenants
Google where the nearest check cashing place is
(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47477958) |
Date: March 10th, 2024 9:13 AM Author: blathering stimulating parlor
crazy how insistent many people are that re is a bad investment when one of the reasons it's blown up recently is places like blackrock buying massive chunks of sfhs.
the answer is always "it depends"
(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47479974) |
Date: March 10th, 2024 12:59 PM Author: spruce seedy main people community account
It depends like many posters have said.
Right now if you buy a property that makes sense then you have a good hedge on lower interest rates.
I’ve found that opportunities exist even in saturated markets, but the trick is you need to know how to value add or if there is a potential for it.
Even small deals that have good cash flow can be worth it if you are methodical. If you can get $250k properties that make a 15% cash on cash return and do one every year or two, pretty soon you have a good portfolio you can 1031 into something bigger or press the refi button on when rates drop.
I think individual investors really ignore the power of aggregating small deals - most big guys don’t have the time or money to waste on them - but they also are ideal because it lowers your risk and you have room for mistakes and experience.
(http://www.autoadmit.com/thread.php?thread_id=5501314&forum_id=2#47480357)
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