It's more like banks who are buying bonds are only willing to pay some amount less than recent expectations, which results in a higher yield on the bond.
I'm a small apartment RE investor (2-4 unit), and also in a local group as well. For those of us with residential loans, No one, and I mean no one, is doing any type of refinance, heloc, reinvestment etc, or even acquisition. Basically everything has ground to a full stop which means banks have got to be reeling from the lack of loan generation. Practically 0 inventory out there too. Basically full stop across the board
10 yrs ago there were 50+ properties for sale across the entire tri-borough here at any given time. 6-7 yrs ago there would be about 30. Now there are 4, and half of them are overpriced shit boxes that sellers arent budging and they've been up for the last 4-6 mo
100% my prices are not going down because flippers are slowing down. All my materials and wages cost more than they did a year ago and finding guys to do the work is only getting harder. I got notified about a 8% increase in PVC products in December alone, my prices are increasing if anything.
When people are charging 300% on top of what I can get a furnace for at the same supply house, and $500/head/hr for labor on top of that, and then cry to me they have to raise their price bc carrier had a 7.5% increase....no pity from me.
Just to clarify....it has coverage issues or hide issues? I feel like we may be conflating the two terminologies. My experience, Chantilly Lace has hide issues
Most of real estate is dumb luck with cycles. It's just a fact. Buying property after a 40%+ increase in prices in just 3 yrs and 2-3x in the cost of money, makes it very very difficult to cash flow. Hence why investors are bailing
Some older people just want something to do. It seems if you retire and lose your purpose you just die. So, for some people working those low paying menial task jobs gives them something to look forward to, even if they don’t need the money. Or it could be they just use that money to help fund hobbies. Or, they’re flat broke and have no other way to make ends meet. It’s not always the case that they can’t afford life without that job though.
The number of older people who put on the orange smock at home Depot and deal with all of the bullshit that goes along with it just bc they like interacting with people, is so statically insignificant compared to the number of people who are there bc they financially have to be, it's almost not even worth discussing
Hubby's aunt is a widow, 79 years old, and they didn't have enough for retirement, so even though her husband is passed, she doesn't have enough money to live on. She works 40 hours a week at an ice cream shop serving people and unloading trucks! Ridiculous!
Yep it's a travesty. Making 80 yrs olds work while we continue to give tax cuts to the wealthy bc they claim it creates jobs. Which jobs? Oh right the ones we're talking about people having to take out of desperation just to prevent the electric company from locking out the meter
For people questioning the impossibility of the $3,000 per month. Don't forget about employer 401K match in that, and also employer HSA contributions if applicable. my employer matches 5% for 401K and adds $1,000 into my HSA per year...that counts towards your monthly contribution. And take the tax savings of your pretax contributions and shovel that into a Roth. Just squeeze every last drop out that you can to see if you can do what the OP is saying without needing to max out every account if your budget doesn't support it . Many will be surprised they can pull off the $3,000
Yea like adhesion to bare drywall, or really old oil paint, bare wood etc. previously painted surfaces in the last 20 years or so do not need primer. Just making more work for yourself
Their website isn’t even that bad anymore. It’s much more modern than fidelity these days. Fidelity feels like it’s 20 different legacy systems stuck together.
The issue is that it's still half baked. Click around through the site map and you end up in old site menus and functions. Almost reminds me of windows. On the surface they change it but when you need to start making more than surface changes, it's the same menus from 20 yrs ago
Your first priority should be finding a W2 job since you are getting laid off. Then you can dabble in flipping and grow the business on the side. I see nothing but high risk in what you are doing. Me personally I do not like high risk when I don't have stable income
If I'm not mistaken, you are from India, which might unfortunately explain why the most common mechEng (and not only) jobs you see/hear about are low skilled.
This is my companies 401k - all mutual fund trash. Lowest expense ratio is .65 which isn’t bad but seeing my beautiful VTI expense ratio compared to this is agony
For years I was forced to invest in American funds garbage in my HSA. Finally they got vanguard s&p500 and Life strategy funds. The day of, I moved everything to s&p500
Only 1 coat jobs would be color over color dead flat landlord special repaint spray jobs. Other than that, you have no business being in this trade peddling 1 coat specials. Even new construction here is doing primer + 2 coats. Back during the insane housing bubble though of the early 2000s I was aware of people doing new builds using Master Hide 2 coats (1 coat as primer, 2nd coat as 1st and only coat).
Sherwin will continue to treat its retail employees like shit as long as they have a virtually unlimited job pool to pull from. People need to vote with their feet and just leave. There are other careers and jobs with better pay and less BS. And in the end the best thing you can do for yourself is invest in yourself. Go back to school and either get a certificate or a degree or a trade license in something. The old ASM I was friendly with many years ago left and got some certificates in IT and went to go work for the local community college IT department making 3x what he was making before and got full benefits with a pension
Require the tenant Verify there is an actual issue. They need to get an oven thermometer not you. Just bc they have an anecdote about cookies doesn't mean the oven is broken. The other over could have been calibrated too high. Only way to nail this is with an oven thermometer. If there is a problem, it's an easy fix with some YouTube videos. Tstat and igniter are cheap and calibration can be done watching a video. The best solution going forward is to just get out from the responsibility of appliances. Will cut your service calls down immensely, eliminating issues like this
You forgot to mention then increase in USPS issues in 2024. Constantly dealing with late/lost packages and that's one of the reasons for Buyers to not be happy.
The best time was yesterday. Second best is today. And if you missed those two, tomorrow will be your next choice
Knowingly buying negatively cash flowing assets is one of the signs of a bubble. Hint: it means the price is too high
The US will start a new war before it allows the USD to fail
Dealerships across the board are horrible. Jeep dealers are quite possibly the worst.
It's more like banks who are buying bonds are only willing to pay some amount less than recent expectations, which results in a higher yield on the bond.
I'm a small apartment RE investor (2-4 unit), and also in a local group as well. For those of us with residential loans, No one, and I mean no one, is doing any type of refinance, heloc, reinvestment etc, or even acquisition. Basically everything has ground to a full stop which means banks have got to be reeling from the lack of loan generation. Practically 0 inventory out there too. Basically full stop across the board
Inventory is up 30% yoy
10 yrs ago there were 50+ properties for sale across the entire tri-borough here at any given time. 6-7 yrs ago there would be about 30. Now there are 4, and half of them are overpriced shit boxes that sellers arent budging and they've been up for the last 4-6 mo
100% my prices are not going down because flippers are slowing down. All my materials and wages cost more than they did a year ago and finding guys to do the work is only getting harder. I got notified about a 8% increase in PVC products in December alone, my prices are increasing if anything.
When people are charging 300% on top of what I can get a furnace for at the same supply house, and $500/head/hr for labor on top of that, and then cry to me they have to raise their price bc carrier had a 7.5% increase....no pity from me.
Yeah who would've thought you'd have to pay a liveable wage to have ppl work for you XD
Lol. As investors we all want to pay contractors like it's 2011. You know that
Begin documenting now every issue.
This is the way
Just to clarify....it has coverage issues or hide issues? I feel like we may be conflating the two terminologies. My experience, Chantilly Lace has hide issues
How convenient the golden years were all the years I was in school. What luck
Most of real estate is dumb luck with cycles. It's just a fact. Buying property after a 40%+ increase in prices in just 3 yrs and 2-3x in the cost of money, makes it very very difficult to cash flow. Hence why investors are bailing
What do you think this will mean for the future of real estate? Correction, crash? Or
I don't know, I don't think anyone knows. What happened in 2020 was unprecedented
Some older people just want something to do. It seems if you retire and lose your purpose you just die. So, for some people working those low paying menial task jobs gives them something to look forward to, even if they don’t need the money. Or it could be they just use that money to help fund hobbies. Or, they’re flat broke and have no other way to make ends meet. It’s not always the case that they can’t afford life without that job though.
The number of older people who put on the orange smock at home Depot and deal with all of the bullshit that goes along with it just bc they like interacting with people, is so statically insignificant compared to the number of people who are there bc they financially have to be, it's almost not even worth discussing
Hubby's aunt is a widow, 79 years old, and they didn't have enough for retirement, so even though her husband is passed, she doesn't have enough money to live on. She works 40 hours a week at an ice cream shop serving people and unloading trucks! Ridiculous!
Yep it's a travesty. Making 80 yrs olds work while we continue to give tax cuts to the wealthy bc they claim it creates jobs. Which jobs? Oh right the ones we're talking about people having to take out of desperation just to prevent the electric company from locking out the meter
And if 3k/mo IS your monthly salary? Just try to die where the rich can't see you?
Your #1 goal should be to increase your income
For people questioning the impossibility of the $3,000 per month. Don't forget about employer 401K match in that, and also employer HSA contributions if applicable. my employer matches 5% for 401K and adds $1,000 into my HSA per year...that counts towards your monthly contribution. And take the tax savings of your pretax contributions and shovel that into a Roth. Just squeeze every last drop out that you can to see if you can do what the OP is saying without needing to max out every account if your budget doesn't support it . Many will be surprised they can pull off the $3,000
Why would a product that is made for adhesion be needed for a color change
Primer is used for a multitude of reasons
Yea like adhesion to bare drywall, or really old oil paint, bare wood etc. previously painted surfaces in the last 20 years or so do not need primer. Just making more work for yourself
False
Their website isn’t even that bad anymore. It’s much more modern than fidelity these days. Fidelity feels like it’s 20 different legacy systems stuck together.
The issue is that it's still half baked. Click around through the site map and you end up in old site menus and functions. Almost reminds me of windows. On the surface they change it but when you need to start making more than surface changes, it's the same menus from 20 yrs ago
About three fiddy
As they say, everyone has a price
For the right amount, I'll slide those depends off with my teeth. Beats giving handies behind the Wendy's dumpster.
What's the amount. I'm dying to know
Your first priority should be finding a W2 job since you are getting laid off. Then you can dabble in flipping and grow the business on the side. I see nothing but high risk in what you are doing. Me personally I do not like high risk when I don't have stable income
The one who asks for the date, pays. That's how it should be for dates 1-3.
If I'm not mistaken, you are from India, which might unfortunately explain why the most common mechEng (and not only) jobs you see/hear about are low skilled.
This.
Don't work for a corp
This man knows
Duration for the win
Too little known about your situation to give you accurate advice
This is my companies 401k - all mutual fund trash. Lowest expense ratio is .65 which isn’t bad but seeing my beautiful VTI expense ratio compared to this is agony
For years I was forced to invest in American funds garbage in my HSA. Finally they got vanguard s&p500 and Life strategy funds. The day of, I moved everything to s&p500
Either is fine. Sometimes in your 401k you only have access to s&p500 and the rest consists of mutual fund garbage
Only 1 coat jobs would be color over color dead flat landlord special repaint spray jobs. Other than that, you have no business being in this trade peddling 1 coat specials. Even new construction here is doing primer + 2 coats. Back during the insane housing bubble though of the early 2000s I was aware of people doing new builds using Master Hide 2 coats (1 coat as primer, 2nd coat as 1st and only coat).
Pre and post 2020
Sherwin will continue to treat its retail employees like shit as long as they have a virtually unlimited job pool to pull from. People need to vote with their feet and just leave. There are other careers and jobs with better pay and less BS. And in the end the best thing you can do for yourself is invest in yourself. Go back to school and either get a certificate or a degree or a trade license in something. The old ASM I was friendly with many years ago left and got some certificates in IT and went to go work for the local community college IT department making 3x what he was making before and got full benefits with a pension
Require the tenant Verify there is an actual issue. They need to get an oven thermometer not you. Just bc they have an anecdote about cookies doesn't mean the oven is broken. The other over could have been calibrated too high. Only way to nail this is with an oven thermometer. If there is a problem, it's an easy fix with some YouTube videos. Tstat and igniter are cheap and calibration can be done watching a video. The best solution going forward is to just get out from the responsibility of appliances. Will cut your service calls down immensely, eliminating issues like this
I’d never fix the oven. If anything was wrong, I’d buy a new one.
Repairs are deductible. Vs a new one you have to depreciate over years. I will always go the repair route
Lol Brian..got inflation completely wrong then tried to say he was right after the fact bc he didn't agree the fed would be doing a lot of rate cuts.
You forgot to mention then increase in USPS issues in 2024. Constantly dealing with late/lost packages and that's one of the reasons for Buyers to not be happy.
Yeah what the hell is up with all the "In Transit, Arriving Late" BS with Ground Advantage which then never has any status after that