Nathus

Unabashed Capitalist. Real estate professional by day (mostly single family & multifamily) and investor for my own account all the time. No investment advice.

[Nathus @Odenathus260]

What to expect from me:
I am a real estate professional, investor, a Southern California native and resident. My best investments have been related to residential real estate. Below is a thread detailing why real estate is such a great investment. Not legal or tax advice.

[Nathus @Odenathus260]

@jayparsons @WSJ Real Estate people use to say this in the 90's (alive 'til 95, fixed in '96). Everything old is new again

[Nathus @Odenathus260]

@Charteroakcap @melissasavenko Careful when applying 'average' to what is actually usable. Like comparing Toyotas when you want a Lexus. A $600k housing is above the median, there is no promise of a 3% rent gain, especially in places with jobs that people want to be. Rents track ownership costs. It must.

[Nathus @Odenathus260]

@Cribdilla @realEstateTrent What makes you optimistic about NYC?

[Nathus @Odenathus260]

@EstateBets1135 The 2% number was just made up back in the day as well.

[Nathus @Odenathus260]

@AZLandInvestor It's worth noting that Centex did not survive 2008.

[Nathus @Odenathus260]

@buccocapital Not all taxes are the same. The rich usually create jobs (business and investments), taxes and regulations decrease the number of jobs that can be made.
But yeah, their motivations are very not pure.

[Nathus @Odenathus260]

@moseskagan 2-4 plexes sometimes sell like SFRs, because they are used similar to SFRs and house family members. Some are far superior to "apartments". There is a premium for it just like there is a homeowner premium over rental property.

[Nathus @Odenathus260]

@realEstateTrent I think he missed the point of licensing, it's just to hold someone responsible (liable) if something goes wrong. It has nothing to do with what you actually do in your business.
Alot of the CE have to do with fiduciary, agency, environmental hazards, trust funds. General stuff.

[Nathus @Odenathus260]

@1RentalataTime 2024 has been much better than 2023 already.

[Nathus @Odenathus260]

@GayBearRes Paying agents per showing existed before, I saw it 3 years ago, it was wild to see people asking for each other in front of a house like it was an airport. The bigger deal is if they start charging consumers per showing.

[Nathus @Odenathus260]

@moseskagan I am experiencing similar, but the stated reason is that construction companies are no longer taking insurance jobs (cutting pay, slow to pay, etc.) that used to be their bread and butter, and see property management as a source of stable work.

[Nathus @Odenathus260]

@jayparsons @maxdubler I don't know if the Dems can, a core belief among the whole party is that regulation and taxation should be used as some kind of punishment.

[Nathus @Odenathus260]

@_FlipMan What you would think of as the simplest things are unbelievably expensive. I'm starting to really adjust the properties I'm looking for for ones that really need very little work. Skipping the rest.

[Nathus @Odenathus260]

@NewsLambert Yes, but if it wasn't this it would be some other "government program" that they've been talking about for years.

[Nathus @Odenathus260]

@EstateBets1135 Your posts are criminally under-read.

[Nathus @Odenathus260]

@tnuhauhsoj @LoganMohtashami This is a wild take. How does one project out the future if not with data? Chicken bones? Tea leaves?

[Nathus @Odenathus260]

@RobertMSterling Yes.
It's in the mechanics, when you take depreciation from a piece of real estate, you're just depreciating just the improvements, so when you do an exchange, your cost basis gets stepped up by your deferral, by the purchase price, you don't have to account for land again.

[Nathus @Odenathus260]

@N8RealEstate List it for sale now. Adjust your purchase price for seasonality if you haven't already.

[Nathus @Odenathus260]

@bethanyjbabcock @ZeroBasis That was my grandfather. My mom would sometimes wake up at night to clicking as he was doing accounting.