@Cribdilla@rohindhar Okay Mr. I shit you not. Cite your sources. I do buy for appreciation. But I primarily buy for cash flow. I rarely buy on the premise of appreciation alone. I am HIGHLY skeptical I ever said that. But I welcome a source.
Most people only care about cash flow when they are buying short-term rentals. Which is pretty short-sighted.
Tax write-offs, appreciation and debt pay down is where you make the real money.
Real estate is one of the most tax advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
This strategy is typically available for pros and not ordinary LPs.
Short Term Rentals fix this:
🧵👇🏼
Codie is the business buying queen. I used to think I would only invest in Airbnb properties. This year I plan on acquiring/starting 2-3 completely different businesses outside of my niche. Who would have thought? Not me.
Over the last year, my #tinyhouse in Joshua Tree made $83,181 on @airbnb. After cleaning fees, mortgage costs and all other expenses, I made a total net profit of $57,040 — Just over $4700 A MONTH.
@Airbnb While they laughed, I built my #airbnb portfolio up from 0-14 units in just over 4 years. These 14 units now make me $25,000 in monthly profit. Who’s laughing now?
@marketfeed08@Codie_Sanchez August is actually my slow season, the rates are a little lower. But in regular/peak season we looking at $200-$350/night. Here’s my dashboard. One note, it’s $87k over 13 months. $83400(ish) over 12 months. I’m breaking this down on Monday’s drop.
This is incredible. For reference, my @YouTube channel generated about $4400 in March and I have just over 80,000 subscribers. Love seeing others kill it.