Aaron Palabyab

Filmmaker and photographer traveling around the Philippines and the world in search of the beautiful and unique, sharing what I've found along the way.

[Aaron Palabyab @aaronpalabyab]

Good thread

[Noah Kagan @noahkagan]

I will lose $55,000 this year on Real Estate.

But if you see the twitter bros here talk about their airbnbs, storage units or real estate you’d imagine - buy real estate and passive income falls from the sky.

So how am I losing it, what does it mean for you and what can you do about it?

Last month my HOA did a special assessment to improve the roof for $12,000 per unit, I own 3 of them.

Ouch - not great when I barely make $750 a month per unit.

Then you have to add on the costs of property taxes which have been rising and tenants constantly having requests (toilet issues, garbage disposal, fan not working, etc…).

In addition my units were empty for 3 months of the year. (I did try to sell them but had no buyers).

I wanted to share details since there’s such a fantasy a) landlords always get rich b) real estate is a great investment c) real estate is passive income.

There MAY be a reason all the twitter real estate bros do many other ventures and sell courses… 🤔

“BUT Noah - you’re talking cash flow what about appreciation.” Thanks for asking! So my condos were $366,000 that I bought around 2015 and ONLY cause of Covid they are “worth” around $515,000. Yay I made $150k.

Don’t forget to subtract 20% for capital gains and 6% for realtor fees.

Sounds great until realize a) they condos didn’t actually sell when I listed them on the market for that much b) it took nearly 8 years to get $150k and c) if I would have taken that same downpayment of $60k - put it into the market 8 years ago it would be at least $148,557.79 today.

Plus - the stock market is liquid (meaning I can get my money NOW) and there’s 0 overhead cost of dealing with AC repairs, tenants, etc…

So what does that mean for everyone?

1- Real estate CAN be very profitable for people with fixed income jobs
2- 👉Entrepreneurship has WAY better upside AND lower costs 👈
3- Anyone can do real estate. Think about things you have a COMPETITIVE advantage in.
4- Don’t believe the numbers and ease of people claiming get rich quick. What’s in it for them?
5- Opportunity cost. If you’re going to spend 40 hours finding a rental property and dealing with it - what other investments or businesses could you start instead?

[Peter Yang @petergyang]

The only concert venue where the nosebleed seats are better than the front row.

[Aaron Palabyab @aaronpalabyab]

@mignac_ Seen this. rich person posted a photo of a Rolls Royce and said “pag manalo ako ng lotto.”

[Aaron Palabyab @aaronpalabyab]

@ysnowhite_ hi

[Aaron Palabyab @aaronpalabyab]

HAHAHAHAHA I CANT BELIEVE IT #FIBAWC

[Aaron Palabyab @aaronpalabyab]

HAHAHA the official account has some meme game

[FIBA Basketball World Cup 🏆 @FIBAWC]

Sometimes, there's just not much you can do. 🤷‍♂️

#FIBAWC x #WinForAll

[Rafe Bartholomew @Rafeboogs]

If we lower the temperature a little (I know, impossible), 2023 Gilas results in World Cup aren't much different from 2014 Gilas WC. Both teams 1-4, same head coach, both teams led by volume-scoring NPs who were seen as talented but somewhat one-dimensional in their NBA careers

[Aaron Palabyab @aaronpalabyab]

“Freestyle right now for the Philippines” is a pretty good example of veiled criticism (watching the international broadcast)

[Aaron Palabyab @aaronpalabyab]

@samuelpaler Jejejeje

[Aaron Palabyab @aaronpalabyab]

SKY HOOK

[Aaron Palabyab @aaronpalabyab]

Wow ang nipis ng tawag wtf

[Gideon Lasco @gideonlasco]

Stop giving people more requirements to leave the country. Instead, give them more reasons to stay.

[Aaron Palabyab @aaronpalabyab]

They lost, but my goodness. A goal for the ages.

[London Is Blue Podcast ⭐️⭐️ @LondonBluePod]

Sam Kerr with an outrageous screamer from distance to bring Australia back into the game. 🚀🤯 #FIFAWWC

https://t.co/OQaEDoEKrE

[Tim Ferriss @tferriss]

Tonight or tomorrow morning, take a decision you’ve been putting off, and challenge the fuzzy “what ifs” holding you hostage.

If not now, when? If left at the status quo, what will your life and stress look like in six months? In one year? In three years? Who around you will also suffer?

[Aaron Palabyab @aaronpalabyab]

This is an awesome thread

[Tomas Pueyo @tomaspueyo]

50% of humans live in this circle
But why?
It's not a coincidence

It's because of a single, massive accident
Why?
Let's zoom in:

[Hanyu 選手 𓆩⛸️𓆪 ⸆⸉ @mushroomzuru]

Imploring y’all to rewatch this moment that earned us a spot at this year’s #FIFAWWC.

TPE only needs 1 goal to win but McDaniel comes up with a save. McDaniel then with a goal. Another save from McDaniel. Then a goal from Sarina Bolden.

PHENOMENAL 🔥

[FIFA Women's World Cup @FIFAWWC]

How good was @livmcd23 in the final moments?? 👏🧤

@PilipinasWNFT | #FIFAWWC

[Aaron Palabyab @aaronpalabyab]

.@livmcd23 ya legenddd

[Aaron Palabyab @aaronpalabyab]

OLIVIA MCDANIEL!!!

[FIFA Women's World Cup @FIFAWWC]

What a moment for @sarina_bolden as she scores @PilipinasWNFT's first goal at a #FIFAWWC!! 🇵🇭🙌