/biz/ - Business & Finance

>>16809818
I would watch

I am interested OP, i want to expand and diversify my source of income from other than just wageslaving.

>>16809818
Damn bro, I mean that would be awesome. I'm new to investing so I really don't even know where to begin

>>16809818
it will be beneficial to someone. i promise.
don't expect to make a lot of money off youtube vidyas with that content though.
you never know though!

My best options for buying my first real estate property as a real estate agent. Traditional lenders look at credit which mine is fine and debt/income for which mine is bad. Car payment, student payment, etc. I’ve been looking into subject to loans since I have some funds in crpyto. What is my best option to go here?

>>16809875
So you would like content tailored towards how to obtain “unconventional” financing? Maybe topics like private equity or different partnership types?

Yes, you should post unconventional methods don’t just regurgitate the same shit anyone can find with a simple google search. I’m a licensed realtor and I have these questions and can’t seem to find the answer to them. Well, at least detailed enough on my own.

>>16809818
Taking over this thread.

Forty four companies across twenty-two countries singed up to trial our blockchain home purchasing product.

What sets us apart is we're using existing infrastructure. It's under NDA and there's a big press release coming in the next couple of weeks. We're connecting up the software that already exists in the marketplace into one home moving journey.

It's an interesting thing because the way we approach it is Smart Middleware. So many people have tried to disrupt the property market and they've tried to bring in another platform. And the last thing people need is another platform. What we don't have is the technology to connect them to allow the proper workflow.

>>16809924
I see why you’re saying. I could do an “episode” on HELOC’s I suppose. I could also discuss partnership and equity splits and the pros and cons associated with partnership ownership types. Is this what you had in mind or something else?

>>16809933
where can I buy your coin sirs

Yes, also if you want to walk someone through starting their own LLC for investment / rental property I think that would be good to. Explain how the property title transfers under the LLC, buying property w multiple investors, etc just little things like that. I’d watch.

>>16810060
Got it, thank you for your input anon

>>16809818
Not gonna lie, I saved the advice from your last thread. Those sorts of quality posts are getting rarer on /biz/ these days, so any content you produce will be appreciated.

Maybe a breakdown of figures comparing and contrasting commercial vs residential RE investment would be helpful. Everyone has rented an apartment before so they kind of know what to expect cost-wise, but seeing commercial units side-by-side with a comparable cost residential would be a cool way to see where long-term returns differ.

>>16810097
Great advice, I’ve also recognized that there’s an even bigger disconnect when it comes to industrial and commercial RE. I think this is where lease types and structures get more important, maybe I will make an “episode” on the differences between lease types in commercial RE. Thank you for the input and I’m glad you found my previous post helpful

>>16809818
how did you learn all of your knowledge? Experience? Books? videos? a mixture of all three?

Would you mind recommending some books or tutorials?

>>16810135
Is it possible to do statistical analysis on real estate? for example, like how ed thorpe/black-scholes efficiently priced options before people were thinking of stocks in terms of statistics, and they made millions.

I wonder if the same mathmatical/statistical approach can be taken towards real estate as well.

>>16810154
I have a masters degree in real estate finance and I also learned from being in the field and doing my own deals. Most of the books I’ve read are academic textbooks, I can name them if you’d like but they’re quite dry

>>16810172
Great question, I honestly don’t have an answer for you. My assumption is that no, it can’t be done accurately. What leads me to believe this is the fact that every deal and every piece of RE is inherently different. There will never be two identical deals. The variables associated with each deal would likely make this hard to do consistently and accurately - I could be wrong though. When I was getting my masters we focused primarily on DCF analysis and Partitioning IRR statements

>>16810290
Which real estate markets are you focusing on. How much capital should I have before buying (as a percentage of purchase price).
I also think courses on leveraging property would be useful, at what ltv of my first property should I consider buying another property to rent out, etc..

>>16810135
That all sounds great, would def tune in.

One other topic I'd like to see is an explanation of where you get your general RE market indicators from. I worry that with these low interest rates combined with what seems like overwhelming interest on financial forums, we may be moving into a sort of rental income bubble (as an outsider it kind of looks like this already for multifamily homes in most markets). It would be nice to know where you find good market analysis before committing to an investment.

>>16810418
Great advice, I will definitely consider dedicated time to these topics

>buy REIT
>Do absolutely nothing
>Collect money

I started working on the first “episode” today and it looks like it will be about calculating a simple on year income statement and how to derive property valuation from the one year statement. Obviously very entry level but I think this is a good place to start for all newcomers and people not familiar with RE finance

>>16810477
This is one strategy, although the returns are usually more meager and you won’t have as many tax incentives to optimize returns

i be interested, keep us posted when u have the first video

>>16810290
dry is fine. name them.

>>16810576
Real Estate Finance and Principles - Brueggeman

Real estate principles: a value approach - Ling

Commercial Real Estate Analysis and Investments - Geltner

The essentials of real estate law - Slossberg

This should give you a good start, if you want more let me know

>>16810629
please give more. Idk if you will be here again so making the best of it. Thanks. This is probably one of the best threads I've seen on here in the past 3 months. Had no idea there was so much to RE investing.

>>16809818
>people want entertainment
No I want money and pussy.

>>16810489
I would also watch something made by a biz anon and not by some scammer trying to sell their book. Even videos on the simplest stuff might be useful, I know the scam artist types are skipping out on important details to make things sound easier than they really are.

>>16810643
Yes there is quite a bit that goes into it. It’s very capital intensive so you want to make sure you have full knowledge before contributing capital. Other books are:

The complete guide to zoning - Merriam

Real estate math express - mettling

Real estate development: principles and process - Miles

This is a good list, it’s just about all you’ll need. Anything else can be found online or through Bigger Pockets

>>16809818

do it, I would watch this certainly. I would love to learn more of the math behind deals and if you could provide context to each example that would be most helpful

I'm searching for a multi-family home to house hack currently.

>>16810489
Looking forward to watching! Will you make a thread when you release your first episode?

hey OP, what do you think of John Schaub?
I didn't read his books yet, but watched some interviews with him on youtube
It seens that unlike most famous real estate investors, who start with houses and then move on to apartments and whatnot, he focus only on houses, and manages it all by himself
with a bit of googling it seens he has a portfolio of about 25 homes
what do you think of this approach?
by managing it yourself you can avoid being scammed by property managers, and by keeping the portfolio around 25 houses you keep the work you have to do to a minimum

>>16809818
I’m in NYC and about to graduate and need to get into real estate because of a change of plans. How do I get into the NYC market and be successful?

>>16811932
You'd better be Jewish, ideally Haredi
>>16810541
use a tax deferred/tax free account.

>>16811949
I-I have lots of Jewish friends and Jews like me - how do I get in? Or is there a better area for someone looking to make some quick real estate bucks?

>>16809818
Based op thx

>>16809818
Hey man, I own one property and rent rooms out to some friends to live rent-free. Was looking into getting a duplex next, any reason I should look at commercial RE over residential?

This sounds wonderful. What will the channel name be?

>>16812128
I personally prefer it over residential because I manage the units myself. Residential can be quite a headache when dealing with particular tenants, they will call you up consistently about minor/cosmetic problems and it can be very time consuming and frustrating. Commercial tenants are not very particular about these things, they are there to run a business and turn a profit, not bicker about lightbulbs that went out or paint that’s chipping, etc. Also, commercial leases tend to be 5+ years in length, this means less turnover (less cleaning and prepping of unit, less marketing, less leasing costs, less vacancy, etc). I can put a reliable business into one of my spaces and forget about them for the next 5 years. To me, it’s all about generating max cash flow while minimizing time and overhead

>>16812331
I haven’t decided, any suggestions? I’m also slightly hesitant to go through with the whole thing in fear of doxxing myself somehow

Could you realistically get into real estate without money and a degree?

>>16812350
Yes 100%. I know a man in his middle 30’s who only has a high school education and owns 20+ duplexes. He learned purely from trial and error though, buying his first cheap duplex at 20 years old and learning from there. Nowadays I think it’s much easier to learn from others and he probably could have saved himself quite a bit of money and frustration on his first few deals had he had a mentor or some sort of guidance.

you said you had 27 units in your last thread right?

do you have a management company take care of things? or are you still putting in some hours per week?

>>16812429
I manage them myself. At this point it’s maybe 2-5 hours a week of work. More when I have heightened vacancy or a turnover

>>16812471
that's a great time ROI then. what do you do with the free time?

i'm sitting on 140k at the moment but RE in my area is stupidly priced.

>>16812471
Anon pls help, just posted this thread and just found your goldmine
>>16812370

>>16812486
I am a real estate developer as well. I spend my time searching for the next deal and running numbers

>>16812545
This is too open ended, it will vary from jurisdiction to jurisdiction. For my market, it’s just some paper work and appointing an “agent”, it’s straightforward and can be done online relatively quickly

>>16812343
Atlas Titan
Plot Loot
Maxum Math
Value Added
Cash on Cash
Tenent Flow

Hope you use one of those or something close so I can watch your videos!

>dude just tie up all your capital in commercial real estate
>it's not like the economy could go tits up at any moment, leaving you holding huge mortgage payments on those properties without any tenants

>>16809818
Ben Mallah already does

>>16812759
Ben did a simple one year income statement. I’m sorry to burst your bubble anon but this is very entry level info he presents. Real estate returns are contingent upon time value of money (TVM). This is why we need to perform DCF analysis to discount our returns back to present. Ben does a good job of explaining the intro stuff, but I planned on going more in depth

>>16812722
>>16812722
Who said tie up all your cash?
Becoming informed of important concepts and arthritic on commercial real estate is not a bad thing.

>>16812565
no i mean what do you do for fun. is there any end goal or do you just intend on being scrooge mcduck.

>buy property in touristic area
>list on airbnb
Wtf im donald trump now

>>16812598
I buy and repair “vintage” cars for profit in my free time. I say vintage but they are generally 90’s and early 2000’s cars. Just unique sought after Haegerty cars that appreciate from scarcity and demand

>>16809818
Anon, real question for you. I am in the EU, real estate prices have shot the fuck up. I have a 3bd apartment which is in OK condition, but I want to get something smaller in a more luxurious building. Should I sell now and get a new place or sell and wait for prices to come down?

>>16809818
Why buy real estate now when I can buy a house with my Ferrum gains in 1 year? Serious question.

>>16813518
I’m not familiar with the EU market sorry anon, my advice only stems from my experience in the states

Work in RE as well, mostly as a buyers agent in a very hot market.
Wife and I have 100k+ saved and are first time home buyers. Wanting to start our own business as well.
You're not wrong about historically low interest rates, and its why we're considering purchasing a home(less likely) and starting a business(more likely).
Fuck me adulthood sucks

>>16813508
smart

>>16813628
Yes, it’s a fun hobby and I can make anywhere between 20-60% on my investment depending on the car

>>16813618
It’s a trade off, RE prices are at historical highs and are likely due for a correction. On the other hand, you can lock in 20 to 30 year financing at an extremely favorable rate. It’s just a question if you feel comfortable paying a premium for your RE if it means locking in your rate and potentially saving money on the back end

>>16813648
Almost certainly due, which is why its a hell of a trade off. Also opportunity cost. We currently rent. $1400/month on a home that would cost 400k+

So I guess we're cool with renting for the time being and stacking money for an inevitable correction - but we could also be taking advantage of low interest rates, especially commercially. Luckily my states licensing is both.

industrial is super saturated and your only home is that blackstone keeps pumping stupid money into the sector and depressing private market cap rates

>>16813779
hope*

>>16810477
No leverage tho

>>16809818
Please do it and post link.