Royale with Cheese

No separation! lol

Is it wrong to say that after he's retired, I like Brady? I hated him more than any football player probably in NFL history when playing but now I respect him.

I completely understand what you're saying but I think the one thing that is not taking into consideration is if you only put 10%, you are going to lose money for a while. That's why it doesn't make sense to me to put 10% down on multiple properties. If you put 10% down on a $400,000 property, you're going to lose about a $1,000 a month each month.

I may start charging for these services.

If we can do it…we should.

I know and that's why I said 10% will not give you any cash flow. If you were to buy a $400,000 condo in my city and put 10% down....you're looking at about a $3,000 mortgage BEFORE HOA fees. Most HOA fees by me are around $300 a month. You will not be able to charge $3,300 a month for a 2 bedroom condo. You will probably be able to charge about $2,500-$2,700 a month....so you will be losing money on this place for at least 4-5 years before the rent inflation kicks in over your mortgage. There are tax benefits that I am not aware of that I have been told by Advisors but it would help me tremendously. When I buy my 3rd place, I will get with an Advisor.

Yes it is.

Roll it over to next year and make a play for DK Metcalf.

It's not my brother's, its a friend of his that he knew was potentially looking to sell his place. He doesn't spend any hours on it. He pays a management company to handle everything from bookings, to cleaners to make sure the place has toilet paper. Around 30% goes to the Management company. Yeah. He hit the jackpot on this one. This area was underdeveloped and not much going on in there 15 years ago. Then it became a hot AirBNB market and everything skyrocketed over there.

You're not going to have cash flowing on those 10 houses for awhile. You will probably lose money in your first few years. A 10% down payments gives you a high mortgage and rent that you will not be able to charge much more than that. Then you're talking about home warranties and insurance. Any damages/repair work as well. I didn't make money on my place until last year and it's at $263 ish a month. The property has gone up about 40% so the value is there but the cash flow isn't.

I don't want a large percentage of our cap to a RB. I don't think a team misses a step if they change their #1 every 3 or so years. Just keep replacing.

I think I just might talk to more risk takers I guess. My brother set me up with a guy that owns a cabin in North Georgia....he was thinking of selling it. He paid cash for this cabin about 15 years ago. He showed his P&L for the last 2 years with his short term renting. He averaged about $8,500 a month in revenue from renting it out. After taxes, cleaning fees and other costs associated with short term renting....he has netted about $4,000 a month....net. His tax guy has him set up as some sort of business independent contractor to help with the tax implications which apparently saves him a lot. It seems like a very good ROI right? Purchase price in 2010 for $190,000, asking for $850,000 to sell it today.

You mean he's not thinking like a 42 year old middle class dad who wants to generate a little more income so he doesn't buy off brand stuff just to save $2.00? My first post about real estate investing in this thread was sarcastic and it kinda too off lol.

I just look at it like, why stretch yourself that thin? Start with one property, pay cash, never have a mortgage on it and then buy another one later when you have the cash. It'll take years buying 20 properties with 10% down to turn a consistent profit. Paying cash means immediate returns and cash flow.

I don’t think we needed to go to the extreme. I don’t its a smart idea to buy 20 houses at 10%. Just buy one for cash, live in it for 2-3 years and I am certain you will make money if you buy in the right location. I just would never rent with that much money.

So whose link is correct? Let me guess, Zillow obviously is smarter than Redfin. And just like any city. Its location. Most people are poor and those areas houses do not appreciate well. Nicer areas appreciate very well. I think someone like Worthy would have a home in a nicer area of KC. Would you say houses appreciate more in Orchard Park or the lower Westside of Buffalo?

LOL. In one year increased 14%. How much does it need to increase to 16% the next year? I think you can do the math. https://www.redfin.com/city/35751/MO/Kansas-City/housing-market “Kansas City Housing Market Trends What is the housing market like in Kansas City today? In April 2024, Kansas City home prices were up 14.0% compared to last year, selling for a median price of $285K. On average, homes in Kansas City sell after 22 days on the market compared to 21 days last year. There were 674 homes sold in April this year, up from 617 last year.“ I am mostly being tongue and cheek….you know me about real estate. KC housing market grew 14% since last year. Lets say he buys the house at $400,000 and pays cash. How much would that house be worth if it grew 14%?

I think I just have much more faith in real estate. I work in HR and we relocate a lot of our new Engineers so I stay up with real estate. I had a girl buy a house, 9 months later that mill closed, she transferred and is now renting that house making $1,000 a month over her mortgage. Most of our mills are in rural areas and these people are selling their houses quickly and for a good profit. My dad has a home in rural GA he just sold and got $35,000 over listing because it went to a bidding war. Im sure KC is a better market.

Because he can pay cash for a house and not have a mortgage. Since he’s a 1st round pick, he will be there at least two years. He will earn another million and his house will appreciate 16%-20% in two years with this housing market. If he gets cut because he is a bust, sell the house and make a profit. Because he will make a profit on the house when he sells it in 2-3 years.

Shakir is +40,000 to win Offensive Player of the Year. Put down $100....you could name a boat.

I didn't know that about him. I just knew he was at camp and I heard him interview in one of those local news segments that these guys are stronger than he thought. I know about his MMA career...that's when I followed him.

I am sure it's about 1,000,000,000 to 1 that Gable Stevenson wins the DPOY. Just put $10 down and you get a new house...possibly.

Cool story but Brock Lesnar, as massive and strong as he was and also an Olympic level wrestler didn't make it with the Vikings. Football leverage is different. I don't see anything coming from this but maybe this guy is different.

Does this mean fans will start wearing singlets to the games? Who here would still look good in one?

Our women have won it. Our best athletes in the US play football, basketball and baseball. Real men use their hands. LeBron James at goal keeper would stop more goals than Ronaldo stopping LeBron James from scoring on the basketball court. I also believe in my lifetime, which is probably another 60 years, the US will win a World Cup....mens.