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Why Real Estate When You Can Buy A Business ?
EXECUTIONThe best way to find out is to ask them. The only way to get good deals is to do the same calculation as you did above for cashflow, but for hundreds of properties until you're comfortable with one. If you're willing to put in the effort to find the good deals, that's how you'll get them and...- brickco
- Post #20
- Forum: Process and Execution
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Why Real Estate When You Can Buy A Business ?
EXECUTIONThat would be a terrible deal based on my market. Property tax at 3% per year is 625 per month on 250K. 5% gross rent for maintenance, 5% for vacancy, 50 bucks for insurance (that's low), 100 bucks for water and sewer and you're already at a negative cashflow and you're putting up 50%. If a...- brickco
- Post #15
- Forum: Process and Execution
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Swing Trading $5K (How to lose most of your cash)
HOT! INVESTINGLet's say you wanted to triple your money over the course of one year doing swing trading (i.e., you wanted to make only $10K on top of your $5K). This means you would need a 9.59% return per month. Historically, the average monthly return of all stocks over a given month is 1.04% with a...- brickco
- Post #8
- Forum: Investing, Crypto, Personal Finance
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I did it! Feedback please!
8 mil is a lot thinner than 8mm. This is what made me want to buy this product. Sometimes you need to sell the facts, rather than the "features and benefits". My brain instantly told me that 8 mil is 4X the normal, but a skin is still much thinner and smoother than a full-blown case. Perfect...- brickco
- Post #17
- Forum: General Business Discussion
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Looking to buy first multi-family home
REAL ESTATEI wouldn't say it's completely unnecessary, but not really that advantageous at this stage. I'm not sure about US but in Canada, you are capital gains exempt on your primary residence when you sell. If it's the same in the US and you actually plan on living in this one, you would want it in your...- brickco
- Post #17
- Forum: Real Estate Investment Forum
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Looking to buy first multi-family home
REAL ESTATEI agree about the 4 units or less for now. Where I'm at, 4 and under gets you lower property taxes and garbage removal. They are also more liquid. A note on the OP: Are you considering 80% occupancy as the average? Or worst case? I don't know your market, but 80% occupancy would scare the...- brickco
- Post #13
- Forum: Real Estate Investment Forum
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Looking to buy first multi-family home
REAL ESTATEI joined the forum just to give my advice on this subject. Now that I have a few under my belt, I can say that if you want to do this fastlane, you will always have to struggle through financing hurdles. I used a technique to get 2 properties fast (6 units total - 2 triplexes). This could be...- brickco
- Post #11
- Forum: Real Estate Investment Forum
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