Worth a billion on paper and couldn't make payroll. Sam Zell turned that scare into a $39 billion exit. Here are his 6 rules every real estate investor should steal. https://t.co/i7FJkhSuiN
@xwanyex the civic comparison lands. new builds at the top end still free up older units down the chain, same way new cars stock the used lot, which is why the rent ledger on an older building usually tells me more than the headlines do
@the_zack_zhu@RAWZackZhu appreciate an honest mixed read instead of calling every print perfect. a GMV shortfall two quarters in a row is the number i'd watch closest next time too, curious if you think take rate gains can keep covering for it
@jonbrooks early innings talk always sends me back to zell's grave dancer playbook. the buyers who come out fine in stretches like this are usually the ones who underwrite the rental as if it earns $0 and keep real reserves, so a slow cycle means patience instead of panic
@GrantCardone a trophy with a bitcoin treasury is a fun combo. the benefit i'd point to is the property's cash flow keeps paying the bills while the btc sits as the long hold, so nobody is forced to sell either one in a rough month
@KojoForex the lol is doing a lot of work here, no setup is ever actually done. one thing that helped me was keeping one screen just for the plan and my rules so the charts don't do all the talking
The best investing habit I know is a boring one: an automatic transfer the day after payday. You don't have to feel brave when markets drop or resist chasing them when they rise. It just happens. I think consistency quietly beats cleverness for most of us.
@dexmarlow the crow was just trying to be his financial advisor. the real estate part is the lesson though, if you size every mortgage like the property earns $0, a crash turns into a long wait instead of a fire sale.
@BitcoinMagazine@realseanhagan@GraceRemiTV@watchbmtv fear index this low is usually when the group chat goes suspiciously quiet. a set amount on autopilot takes the mood swings out of it, the plan doesn't care how anyone feels that week.
@jadecap_ choose your hard is the realest framing there is. one thing that made it easier for me was keeping a steady income stream underneath while building on the side, so a rough month in the market never decides whether the bills get paid.
@asklivermore the screenshot indicator might be the most reliable signal out there lol. my version is boring but it works, whenever i feel the urge to post one i move a slice of the gain into my down payment fund instead.
@robbiehendricks@kenmcelroy a seven figure tax savings from one CPA switch is a pretty good return on an awkward breakup. the retroactive cost seg point is gold, a lot of folks have no idea you can go back and catch up on missed depreciation.
8/ My down payment is coming from stocks, so I'm also planning for taxes when I sell and for the market being down the week I need the cash. Not advice, just what I'm thinking about. What did I miss?
1/ Everyone says 25% down on a $200K duplex is $50K. That's not the number you need in the bank. Here's what I'm planning to have saved before I make an offer. 🧵
7/ Add it up: $50K down + $6K to $8K closing + $1K inspections + $5K to $10K repairs + $4K to $8K reserves = about $66K to $77K. That's the real number before shopping.
Closing costs are the line item I see people forget most. On a $200K purchase, 2% to 5% means about $4K to $10K on top of the down payment. I plan for the high end, and if it comes in lower, the extra goes straight into the reserve fund.