This is how I remodel my Fourplex units. All of them with some variance in flooring. Bathroom is all the same I chose the bathroom flooring and the tiles along with the doors. I love it. This is a 3 bedroom 1 bath 750 sq ft $2500 South phoenix AZ

80% of these people are your tradesmen General Contractors Air conditioning business owners All the subcontractors Plumbers Electricians Handymen Framers Roofers Concrete Grading and drainage Engineers and the young generation don’t want to get in to them because it’s dirty work, they rather be content creators 🤣 or study a 4 year college degree. Whoever wants to put in the work, as minimum is required, you would make it out there. The bar is low…

I met an asylum seeker here in AZ. She’s Venezuelan and almost passed out when she told me the benefits she’s getting from the government 100% paid rent in a 2 bedroom apartment in a complex with gym and a pool and jacuzzi. She gets a brand new car that the government pays the lease for $800 debit card every month for groceries Cellphone and WiFi paid for I think it’s amazing that the government can afford this 🤡

My handyman cleared $100K last year. My electrician cleared $180K My plumber cleared $140K My roofer cleared $300,000 Get in a trade school

Seriously asking Why are people moving to Phoenix ? 4 months over 105 degrees

I know a plumbing company who offered a subscription to his clients. $45 per month and it comes with a priority scheduling, one yearly free maintenance and 10% off all services. A lot of people subscribed for $45 per month. He just hit $700K revenue from his subscriptions alone!! Crazy The owner behind this idea thought it was weird to offer a subscription for his plumbing business but people loved it. Thinking outside the box

I just spoke to someone with stage 4 cancer. Fuck cancer The guy is 45. Super young The doctors gave him 2-3 months to live He’s doing chemo to extend his life a bit He’s enjoying every moment and be present always. He’s leaving 1 son and 1 daughter behind The way he’s living his last months is a wake up call for me and all of us. Leave your life with intention and purpose. It’s interesting how we go about our lives not thinking about our mortality until we meet one person whose time is limited here. Their perspective of life changes and they make you feel mortal again.

Walgreens is closing 1,200 stores. Rite-Aid is in bankruptcy. CVS is axing 3,000 more employees. 7-11 also closing a lot of stores. Any ideas what are the new businesses coming to replace them ?

One landlord I know includes in the rental agreement that if they pay 11 months on time and not a single day late the 12th month is rent free. Reward your best renters.

For those of you who make $500,000 a year, what do you do for a living ?

Airbnbs are bleeding money by a lot. Credit crunch Less disposable income Credit cards are maxed out Steaks 🥩 $20 a piece People are broke Car payments $850 average Groceries $250 per trip House mortgage $2800 per month And airbnb owners are asking what’s going on ? The fed wants this and they are succeeding really well at it. Don’t be that blind person

Landlord special. 7 layers of shingles on the roof.

Tenant is a painter and said that he needs to move out, leaving to a different state. Not even gave me 30 days but gave me this 👇 He said he will paint 🎨 the kitchen cabinets and the 3 bathroom cabinets. He asked me what color I wanted I said white. He paid for deep cleaning and he painted areas of the apartment that needed a touch up. He paid for the paint and did the labor in exchange to break the lease. I chose the cabinets handles and he bought them. I said go ahead. I think the Fourplex apartment looks better that it was originally. I’ll increase the rents by $150

Latino here. We respect people swimming in the rivers to cross to the US and walking in the desert for 10 days risking their lives to come to the US to make a better lives. We like the risk for the reward of a better life. I respect those people. Other people in their countries apply for visas and get called 10 years later to start the process… However, we Latinos don’t respect Kamala FLYING illegals / asylum seekers or people in caravans by the thousands just to get to the border with open doors, giving them iPhones, cash in hand, leased cars paid by the government, paid housing paid by the government, debit cards $800 monthly. We Latinos don’t like that. That’s one of the reasons why we voted 🗳️ for Trump.

You should have shared my post, don’t just screen shot it man. 🤣

Guy I know who hated his job amassed over a $1MM in his 401k He didn’t ask anyone what should he have done, what options were for him, etc. He quit his miserable job, cashed out his 401K, paid his income taxes and penalties. He put his remaining capital to work into some real estate deals and he’s happier, he enjoys life, he has freedom, he became a developer. The guy has 10X his money already. Some people don’t ask questions to strangers from the internet, they just get to work. They have mind clarity of what they need to do

Obviously there is a misunderstanding or confusion from my part. What I meant that the majority of these people start working as tradesmen from the bottom!! Then they go independent and start a young business with few clients Then they get more clients then they hire more tradesmen. Then the guy becomes a biz owner. For a second I forgot this is the internet.

A lot of my male friends are turning 40s, they’re successful in their business and now are having kids with 23-26 year old women. You can have it both ways. You can focus on your business until you’re 40 years old, get rich and wealthy and start having kids with younger women 23-26 year old.

Being a hard money lender is more profitable than a landlord. Can’t lose

I just met a guy who works for intel, he’s an electrician and mechanical engineer. He says he does some jobs on the side like any electrical jobs, replacing switches, garbage disposals, replacing electric/gas water heaters, and also deals with ACs. I got in contact with him because another water heater from another fourplex started leaking. I purchased the water heater and delivered it to the apartment unit where he replaced it for $100 plus parts $40. A total of $140 to replace an electric water heater and haul away the old one. I asked him why he charged so little whereas everyone else is charging $350 to $800 and sometimes they charge you $1550 when the electrician or handymen sells you the water heater… He says that intel pays him well and these jobs that he’s doing on the side is to help the other people get ahead and not him to get hard prices and that he will beat anyone’s prices. I think that’s pretty cool that I got to meet this guy. The guy arrived to the rental property with a brand new lifted Chevrolet and the wife helped him with everything, they do a great team.

I think landlords don’t talk about this but it happens specially when you are a private male landlord. Female tenants offer sex in exchange for you not to charge them rent It has happened to me three times and they are very direct on it. I told them that I don’t think the bank 🏦 accepts that form of payment coming from me 🤣 They usually leave the next month.

Some Airbnb investors are experiencing loses on their investments and now they want to bring partners to their investments that way they don’t have to sell or so they aren’t the ones losing all their money but their partners as well The benefit to the investor that they bring in is that the investor would also enjoy the cabin whenever they want. Just curious, would you be open to invest your money 💸 on an opportunity like this ?

Properties values in some states are dropping by 25% Does that mean that property insurance premiums are also dropping in price ?

You don’t see them because they are driving their boats 🛥️

Most rich couples have their bank accounts separate Most people who aren’t rich have bank accounts together Let that sink in.

Just met a general contractor who builds duplexes out of his own cash, no debt and no investors, and rents them for the cashflow. He doesn’t sell any duplexes just rent them out. He says he will stop building properties for investors in two years and will focus building duplexes just for him. He has all the licenses for all the trades except insulation. The guy is just printing money 💸

I know of one person that wanted to buy a house for around $280K 8 years ago but her parents told her to finish college first, get a degree with good GPA so she could get a job at a great company then she could buy a house. She really wanted the house she said, it was a big beautiful house and she could have bought it but she did as her parents told her because parents know best, right? She didn’t buy the house but she did finish college, got a competitive degree and got a good job at a good company but she says that now people with no degrees can get the same job as hers…. Fast forward 8 years later that house is now worth $950,000. I think that job has costs her student debt plus what she missed out on the house appreciation…..ouch She tells me it has been one of the worst regrets she has had in her life. Sometimes parents don’t know any better. She says that now there is simply no way she can afford to buy a $1 million dollar house with the salary she earns… Sometimes is best to trust your gut than the information of the people including that of your parents

So I just had a call with a friend of mine He bought a piece of land for $100K like a year ago. It took him 8 months to get approvals to build 5 fourplexes. It’s zone ready, blueprints done. He’s getting quotes from two builders. Now he has a dilemma: He could sell the land zone ready for $1.5MM Or he can go ahead and build the 5 fourplexes and rent them out and estimate to get a pure cash flow of $10K per month. Great problem to have

No matter how you see it. They’ll get you one way or another you can’t scape it.

One of my handymen went to the hospital because he felt ill and was there for two days, doctors couldn’t find anything wrong with him. The doctors didn’t even give him pills for the pain. His bill he has to pay out of pocket is $20,000 Majority of his saving down the drain. He went to a good border town in Mexico well known for healthcare professionals and they found what was wrong with him and did some surgery and what he paid was a fraction of the cost of the US.

So I paid off my credit card 💳 and my credit score went down 30 points What gives…..

So I have around $46,000 on security deposits from renters. I require security deposits even from great credit score renters. What should I do with it Where should I invest it on ?

That’s a hard pass for me

The guys asking for jobs outside the Home Depot deserve to get paid $300 per day. If you’re not paying them $300 per day you’re abusive and you’re exploiting the people that can’t defend themselves. I’m not talking $300 per hour like some of the trade jobs here earn. Why do I say $300 per day? Here it’s my breakdown 👇 First of all inflation is affecting them too 1. They gotta pay rent, wherever they live. 2. They gotta pay all cash for their trucks because no one is willing to finance them 3. They gotta pay gas 4. You pick them from Home Depot but I’m sure you aren’t dropping them off back to Home Depot so they gotta call someone to pick them up and tip them. 5. You’re not going to contribute to their 401K because they don’t have one. 6. You’re not paying them health insurance, dental, vision…etc. 7. You’re not paying them a life insurance 8. You’re not paying them for their vacations/days off. 9. You’re not buying them lunch 10. No disability in case they get injured in your site. 11. There is no work contract so you can just bail and not pay them once they finish their work, many people don’t pay these guys. If you use those hardworking people outside home depot don’t abuse them and pay them a living wage.

Google fucked up by deleting the google mortgage calculator. I used to use that calculator to buy my fourplexes. I bought 4 properties using that calculator and the dollar amount was almost exact. I miss it dearly

What’s the second language that should be taught mandatory in United States? I think it should be Spanish.

When I chose a roofer to install a new roof for my Duplex that had 45 squares and 2,528 sq ft I called 16 different roofers. Their quotes varied from $14,500 to $28,000 Why is the difference in their pricing so much? Easy The size of the roofers houses and the size of their swimming pools.

I house hacked this Fourplex after I had house hacked another Fourplex two years before it. I bought this one in 2018 FHA for $260K It was listed for $270K I offered $280K site unseen because I wanted to lock it then I knew I could negotiate a lower price once I was under contract. Seller accepted my offer for $280K It was time for inspection so I brought a foundation guy, a handyman, an AC technician and the appointed inspector guy. Everyone found issues, mostly minors but the biggest issue I found it myself and it was a great leverage to negotiate a lower price. After the inspection reports came I presented them and we first negotiated a price down to $270K I read all the disclosures and it said that all the appliances came with the property (4 stoves, 4 side by side fridges, 4 washer and 4dryers). After talking to all tenants they all said they all the appliances belonged to the tenants and not the landlords. This was a great miss communication between the property managers and the sellers. I then submitted a second offer of $260K and after some back and forth the sellers agreed to $260K. Appraisal report came and it was appraised at $285K, I was happy and excited. I closed on the property for $260K I increased rents from the get go and only one tenant left. 4 townhomes of 3 beds 2.5baths plus car garage plus a big backyards. Old rents were $650,650,630,600. New rents $ 900,900,900,900 2023 rents $1800,1800,1750,1750 Gross rents $7,100 per month Gross rents $85,200 yearly. Current value stands at $730,000 Bought it for $260,000 FHA 3.5%DP $9,100 Current value $730,000 Initial investment $9,100 Unrealized profits $470,000 2018 $9,100 investment 2023 $460,900 potential profit

I’ll leave this here. It’s hard to pay rent nowadays.

A house with a price tag of $600K 3 beds 2 baths in Scottsdale AZ rents for $3000-$3500 per month A Fourplex in south side of Phoenix AZ with a price tag of $600k rents for $7100 per month

I just became father for the first time in my life and I couldn’t be happier and feel so blessed. The baby boy 👶🏻was born today at 12:42pm weighing 7.15 lb. The wife and the baby are doing great!! I couldn’t wait to become a father and I am so looking forwards to the next phase of my life of raising my boi and the kids to come. I want to take the little guy camping I want to take the little guy hunting I want to teach my boi how to learn how to ride a bicycle I want to teach my boy how to drive I want to take the little guy to adventures that I wasn’t able to go while young. I want to teach my little guy how to create a budget I want to teach my little guy how to purchase his second Fourplex because the first one I would buy one for him. So many things I have planned for my boi!!!

This is a Fourplex 🏠🏠🏠🏠in the south side of phoenix. It’s mine. A lot of investors see this property with bars on the window and they say “it’s a hard pass for me, I wouldn’t buy a property with bar windows, it’s a red flag” “glad you bought it though”. I actually thank them not to be buying fourplexes, less competition for me. Continue buying your single home 🏡 properties because there are lots of them but fourplexes aren’t that many. I’ll tell you how much I rent mine in the C areas in the south of phoenix. 1. $1700 2. $1750 3. $1500 4. $2500 This Fourplex with bars on the windows bring a total rent income of $7,450. Yearly expenses for 2023 is less than $500. I’m not kidding. I did pay to fix the stucco and repainted the property this month but before this major expense the total repairs YTD for all four units was less than $500. Leave my fourplexes alone and continue buying your single home properties that cash flow $100 per month.

I met a landlord from Chicago Illinois, he owns and manages a 6 plex rental. He bought it after he retired from working at a W2 for over 30 years. He didn’t want to be retired 100% so he got himself a project, a 6plex rental 🏘️🏘️ He’s been managing it for over 3 years and he’s had several tenant nightmares and he shared with me his latest one and most expensive one👇 The renter has been renting for about 4 months and the tenant has been constantly calling him to fix stuff around the unit, minor stuff to which the landlord rapidly fixed them. The renter paid rent late and the landlord reminded the tenant that a late fee needed to be paid and the tenant refused to pay… instead the tenant broke all the window glasses and the tenant went to the city and submitted a complaint against the landlord. The city sent over an inspector to the plex unit and the tenant told the inspector that he’s been living in this unit with the window glasses shattered and the landlord refuses to fix the windows The inspector tells the landlord that everyday that the windows remain broken he’ll need to pay the city $1000 per day until he fixes it. It took him 5 days to get a company to come down and replace the windows and the landlord had to pay $5000 in fees… I know many investors who refuse to invest in tenant friendly states and I am one of them.

I’ve met a landlord who got tired of painting the restrooms with the regular paint. The paint would come off and would peel off after several months because of the constant splash of water that the tenants do during showers. His solution to this surprised me and my mind imploded 🤯 He decided to paint the restrooms with pool paint, yes that’s right with the type of paint that a painter uses in painting swimming pools 🏊 Once he used this type of paint in the restrooms the paint never peeled off. He’s happy with the results. The paint job has lasted for years now.

A developer from Austin TX is offering me to buy his houses they just built. 8 of them. They have been sitting on the market for a while. The developer just wants out so they can pay the creditors. The property prices of Austin continue to spiral downwards. I wish I can help him but I can’t. If they were duplexes I would consider them but they’re houses. I believe the same will happen in Phoenix but it seems more people are moving to phoenix than Austin and people are buying expensive properties in Phoenix.

My CPA just increased her service fee again by 30% Last year she increased her fee by 60% Must be nice

This guy is inspecting those houses in Maricopa Arizona, right in my backyard. Good guy

That’s the thing. The new generation has a tik tok brain. 🧠 Not focus at all

We men are finding out that college isn’t for everyone We were sold the idea that college will make your dreams come true. 100 false College is only an option of many many more options out there

Parents should be in jailed

My handyman is about to sell his manufactured home for $130K. He bought it for $20K a couple of years ago and now he just finished fixing it. He’s going to get into the flipping of manufactured homes. The guy is fearless and I applaud him.

Someone referred me to a cabinet wholesaler here in Phoenix and it’s half the price of Home Depot’s and the quality is 1000X better than them. From now on I’m buying all the cabinets from the Wholesale cabinet store. They just come like ikea packages in which you have to pay someone to put them together but still cheaper than Home Depot and better quality You also have the option to pay extra so they can put them together

Section 8 inspection happened yesterday instead of today and the property unit passed with flying colors. The inspector loved the bathrooms and he was surprised that both bathrooms were updated with the same design. Usually one is best and the other second best. He said that the property unit is in great shape and the $2500 per month is fair because it has 3 beds 🛌 2 baths 🛁 car garage and a big patio on the back fully renovated. I’m meeting with the section 8 tenant this tomorrow to sign new lease to be effective on Dec 1. Section 8 has my bank account info and they’ll be depositing $2125 directly to my bank account and tenant will be responsible for $375 per month plus utilities. Tenants also pay $100 for any repairs and I’ll cover the rest. Tenant also will cover the security deposit of $2500 Unit A pays the mortgage PITI $1550 And section 8 unit B is my profit $2,500 South Phoenix.

Every time you sell and buy a house you lose around $45,000 to fees.

Why am I voting for former President Trump? I am Mexican citizen as well as I am an American citizen. I have lived longer in the US than Mexico now. I lived in Mexico for 16 years and all those years the party who controlled and ran Mexico was the PRI For more than seven decades, the PRI ran Mexico under an "autocratic, endemically corrupt, crony-ridden government". The elites of the PRI controlled the police, the media and the judicial system, and were susceptible to bribery very similar to the Biden administration… The lower class and the middle class never made ends meet, they just survived… only the upper class that were connected to the politicians and big corporations made it work really well, this reminds me of the Biden administration. Mexican peso devaluation: The peso devalued in 1976, 1992, then in 1994 and I’m sure it devalued way before that…. After the Mexican peso crisis of December 1994, the peso sharply depreciated from MXN$3.4 to MXN$7.2 in 1995. It then traded between MXN$8 and MXN$11 from 1998 to 2008, briefly depreciated to MXN$15.56 in March 2009 due to the 2008 global financial crisis, but then settled between MXN$12 and MXN$14 from 2009 to 2014 and now in 2024 it trades between MXN$16.68 and MXN$18.68 The Biden administration keeps printing trillions of dollars devaluing the US$ dollar, this administration completely reminds me of the Mexican PRI administration. I’m not voting for Harris Kamal or whatever her last name is, we know who will be controlling her….shes just a clown 🤡 puppet and she really sounds like a clown 🤡 Trump all the way, this guy can’t be bought nor controlled and he survived an assassination attempt, he really needs more security for sure, specially men. Between the two choices Trump is way better for the country. Trump policies are better for the country than Kamala’s

Out of 14 units that I own and manage (excluding my home) here in AZ the gross income is $23,225 and I have a NOI of $13,000 per month. My work is less than 1 hour per week. Sometimes I can’t believe how easy this is.

If you go to Costco to buy a new AC unit please don’t go Paying $24K for an air conditioning system is just a robbery plain and simple. People who go to Costco and get this kind of services through them don’t really have a clue that you can get the same quality options without breaking your bank account in different places. The reason people would pay $24K for an AC unit in Costco is because they really trust Costco and they always validate their choice with “you always get what you pay for…” Let me tell you you’ve been had

9 years ago I replaced all plumbing from one of my fourplexes with plex tubbing. I got the first call from one of my tenants that there was water coming out from inside the wall. I called my plumber and he went and repaired the water leak and it was one of those plex tubbing that broke. Hopefully it’s just that instance and not a symptom that other tubbing will be breaking soon. Copper is better than plex.

Replaced one package 3 AC heat pump unit recently because this AZ heat 🔥 doesn’t forgive. I called 3 companies to get quotes to buy the units from them and do the install 1. $7900 10 year warranty 2 year labor warranty 2. $8950 10 year warranty 2 year labor warranty 3. $9550 10 year warranty 2 year labor warranty They way I did it: I purchase the AC package unit for $3500 I paid my technician who has a license $1400 to install it and he paid the crane 🏗️ Total spent my way $4900 I have 10 year warranty with the AC unit and my technician gives me 2 year labor warranty

Putting my rental properties in an LLC cost me around $5000 annually or more in profits per property l… Why? Interest rates in LLCs are around 1.5%-2% higher than if you would put them in your name and credit assuming you have a great credit score…

A landlord I know was contacted by a roofing company who only deals with insurance directly and was selling the idea that they can get the landlord’s insurance to pay for a new roof because of “wind and storm damage” that the property had sustained. The landlord agree to it since the age of the roof was old. The landlord provided the insurance information and the roofing company got to work on starting a claim on behalf of the landlord. The insurance did their due diligence, analyzed some Google satellite pictures from previous months and years and the insurance said that they were not paying the claim. The roofing company kept on insisting that the insurance had to buy a new roof. After a long two months of back and forth the insurance sends a mailing notification to the landlord that they aren’t paying for the roof and that in a month they will be dropping him and not coverage of any kind will be covered until the landlord purchases a new roof. The roofing insurance says opppsies, we didn’t meant that to happen. Now the landlord has to buy a new roof out to pocket. Lesson learned. If you have insurance and if you have a shitty roof wait until an actual storm destroys the roof then you start a claim.

Airbnb AC is locked at 80 degrees F The guest is staying in Jacksonville Florida. Host won't give them the pin for the thermostat I think that’s a win for the airbnb host/owner. Guest and tenants alike will set the thermostats to 67 degrees F The more I think about this the more I am more inclined on doing this.

My friend who has lost $200K in the stock market just sold his $NVDA position. He had just bought it when it reached $950 after he saw the stock go up like 100% in 3 months…. And that’s how you keep losing money folks in the stock market… That’s why I like investing more in real estate. Any asset can lose value but in real estate somehow I feel I am more in control of it.

The moment people start to use their HELOCs to fund their everyday spending that’s when you know trouble is coming

I just got an email from a prospective renter that says she has a section 8 voucher for a 4 bedroom for $3800 a month or a 3 bedroom for $2,800 monthly. The bad news is that all my units are rented.

I go to them gym early in the mornings, I take my phone to the gym for the sole purpose of listening to podcasts or motivational episodes. It sets my brain 🧠 beautifully for the day.

Tenant says: My dryer doesn’t dry my clothes. You need to replace it for a new one or repair it. Landlord: The cost of repair is $300 Might as well buy a new one. $700 Landlord buys a new one New dryer installed. Tenant says: Thank you for the new dryer but it ain’t working. Landlord sends technician over and find this. 👇 It was an easy fix but sometimes landlord and PMs makes mistakes. Not my story. A story of a different landlord.

The property taxes on this property in El Paso TX are just absurd. The property is around $480K The taxes alone are $920 per month. Insane.

Funny you mention that, I had a German girlfriend back in high school that could barely speak a word of English just like me, love has no barriers right. She decided to dump me for the basketball player in the varsity team high school. Now they’re married and the guy went on to play for the NBA. She made the right call 🤣

I haven’t seen him in any movies for a while 🍿 I guess those allegations took him off the map.

Walmart is at it again, this time going after the brands which make the pancake and waffle mix and syrup of course. Walmart has put a lot of small business out of businesses by doing what you’re seeing here. Walmart at first will give you premium space for your product so it sells. Once that brand is dominating the market share Walmart will then replicate your product and diminish your market share. After some time Walmart’s brand Great Value will be the market leader in that category.

You become more attractive when you use turn signal on your car

Another prospective renter inquired about a rental that I have in Facebook. She has an Only Fans She makes $15,000 per month She showed me her bank statements She does say that some people will come in and go out of the apartment I’m like no. She asks why? I say that she’s running a business out of the house and that I needed to contact my CPA… They’re making a shit load of money though

Know someone who died and left no will. House is worth $500,000 Guy left 2 daughters and an ex wife He also left another wife They are splitting 50/50 but nothing to the ex wife of course. The wife wanted to keep the house and put it for rent and let it appreciate in value… The two daughters coerced by their mother opted to sell the house and take the money instead Always leave a will before you leave this place

So someone just applied for a $50,000 credit card no interest for a year. He transferred all of it to his bank account and will be paying 3% because it was a new credit card He’ll be lending it a house flipper for 12% interest rate Is this a win ?

If Donald Trump wins I’ll send $100 to anyone who interact here or I can donate it to the charity of your choice. If Harris wins you get zero 0️⃣ Venmo Zelle Apple Pay No cash app here

Airbnb is getting out of hand. Airbnb host asking guests to pretty much do the same thing as the cleaning crew does. Guests should be getting paid at this point

Recently I was at the airport and the majority wasn’t wearing Nike 5-10 years ago most people were wearing Nike. Not anymore. Nike is a dying brand

I know someone who cashed out all his 401K. He had around $600K and used it all to buy lots of land to develop houses. He didn’t pay taxes when he cashed all of his 401K. What’s the IRS going to do to him for not paying his taxes?

People are selling their new cars already. Problems keeping up with the payments probably. Guy selling it in Facebook marketplace out of Scottsdale in case you all want to buy it to help him out.

It says multifamily there… not single homes… Engagement farming here.

Currently buying Sherwin Williams paint at a sub store where they sell it 1/3 of the price. They’re currently matching my paint. Instead of paying $160 per bucket I pay $60 per bucket. I’ve been doing this since 2016 and have saved a lot.

You nailed it

I sold my bike after I rode it as fast as I could, it was a Suzuki 750 gsxr 2000. Max speed I did was 165mph. I knew if I didn’t sell that beast I was going to die on it. I was reading articles of bikers dying every week. I’m like, I’m out.

I still have my 3 bed 1 bath fourplex unit rented for $2500 and I thought my rent was high then I see this add in Facebook marketplace Crazy that some rents in Phoenix are still high And I’m not surprised if people rent it at that price.

Zillow thinks one of my fourplexes in Phoenix is worth around $600K. A few months ago another Fourplex in the same street sold for $750K same floor plan than mine. Fourplex that sold was renovated like mine…. I get phone calls from wholesalers and cash buyers offering me to buy my Fourplex. They offer $550K and go as much as $590K because Zillow has that price they say. I sometimes entertain their offer to see how good of a salesmen they are. All of them are following a script it’s pathetic doesn’t feel like a human conversation. I usually tell them to find this other Fourplex that sold recently for $750K and then there is a silence and after a few seconds they all answer that that’s their profit 🤡🤣

Met a realtor the other day who also manages other properties to other investors and was telling me that whenever there are repairs to be done she just calls one contractor and sends them to those properties regardless of how much they charge which generally they charge expensive. The realtor also has rental properties of her own but she calls different other contractors and handymen until she gets the lowest price and she uses them to get the work done. This why using a Property Manager will cost your profits.

I live in a rough, unsafe and high crime area according to my car insurance company. My current premium for my Toyota tundra is $150 per month, full coverage. I asked the insurance representative to change the zip code to a safer area so I could know how much lower my insurance premium would be The rep told me if I were to live in a “safer” area my premium would have been $70 I think I’ll be moving soon.

I just went to all my rentals today and place Jesus Candles on all the AC units. 117 degrees Phoenix. 🔥

I would buy a duplex-Fourplex instead of a house. No brainer. Buying a house just doesn’t make sense. Buying a house during these economic conditions is a luxury. Rent a house and buy a duplex

I know of a landlord in Florida who had his rental property vacant and one squatter moved in without a lease and he called the cops and they didn’t help the landlord. The landlord then waited for the squatter to go work, broke in the same way she did, changed the locks immediately and took out all her belongings to the curb. When she got back from work the landlord had legal control over his property and she was out.

Sign me up 🤣

The reason you’re not able to rent your rental property is because you’re requiring your prospective renters to make 3X rent to income ratio 610 credit score No evictions No pets

CA will vote to ban all cigarettes. CA always gets away with everything they propose.

Credit crunch, no more disposable income to spend on stuff. People are broke. The fed wants this and they’re succeeding at it really well.

They’ll get ya some way or another.

People install this tile or vinyl, the cheapest ones, and ask for $2500 in rents or $600K in a renovated homes….

It’s like a domino effect. It all works out until one stops generating money to pay the other asset. Great strategy though to buy a luxury ranch.

I found a good section 8 tenant that likes this duplex apartment of 3 bed 2 bath plus car garage and big patio on the back. Tenant wants it and the section 8 voucher is for $2500. Duplex located in phoenix. Tenant already put in the call so the inspection takes place. Will let me know when it’s scheduled. Currently finishing up the details for this apartment so it passes the inspection. Freddie and Fannie are my loan partners and the government pays the mortgage. Where is the risk? Unless the government defaults then I’m toast 🤣