Current Events > What is your job?

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emblem boy 06/23/17 1:38:23 PM #51:	KILBOTz posted... Twin3Turbo posted... KILBOTz posted... first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt. Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think. Any tips for getting into something like this? --- Posted with GameRaven 3.2 <cite>emblem boy posted [p:881670598] in What is yo... [t:75492451]...</cite> <quote><cite>KILBOTz posted...</cite> <quote><cite>Twin3Turbo posted...</cite> <quote> <cite>KILBOTz posted...</cite> <quote> first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots </quote> Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt.</quote> Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think.</quote> Any tips for getting into something like this?</quote> ... Copied to Clipboard!
KILBOTz 06/23/17 1:39:16 PM #52:	No, I plan on keeping the properties I buy unless they start costing more than they are worth. Re: property management companies, one of the other benefits I have found is I am able to be really picky and get great tenants that basically don't move. I have had to fill 2 vacancies since I turned over the initial tenants. I have 2 divorced dads,1 single mom and a really lazy graphic designer in there now, all pay on time. --- http://i.imgur.com/O3syCWD.gif http://i.imgur.com/k3YiBdG.gif <cite>KILBOTz posted [p:881670644] in What is yo... [t:75492451]...</cite> <quote>No, I plan on keeping the properties I buy unless they start costing more than they are worth. Re: property management companies, one of the other benefits I have found is I am able to be really picky and get great tenants that basically don't move. I have had to fill 2 vacancies since I turned over the initial tenants. I have 2 divorced dads,1 single mom and a really lazy graphic designer in there now, all pay on time.</quote> ... Copied to Clipboard!
Squall28 06/23/17 1:44:27 PM #53:	I'm a mercenary of sorts. --- If you're going through hell, keep going. -Winston Churchill <cite>Squall28 posted [p:881670940] in What is yo... [t:75492451]...</cite> <quote>I'm a mercenary of sorts.</quote> ... Copied to Clipboard!
KILBOTz 06/23/17 1:46:58 PM #54:	emblem boy posted... KILBOTz posted... Twin3Turbo posted... KILBOTz posted... first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt. Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think. Any tips for getting into something like this? There are a lot of large books written on the subject if you want to get really educated, simplified stuff I learned is make sure and have a good deal of working capital on hand for when stuff comes up. All the profits from the property is currently being saved for a new roof that will be due in 7-10 years. Overall I shoot for a 8% return on investment in year 1. My quadplex is currently giving over a >20% ROI from my down payment. Once I can find properties over 8% I think my money is better invested there than the stock market since properties act as an annuity. It can be really stressful in that you feel really broke all the time because there is the worry that there will be a $20k repair or something like that needed. So expect that feeling. It is hard to get into real estate without being highly leveraged when you are starting out. --- http://i.imgur.com/O3syCWD.gif http://i.imgur.com/k3YiBdG.gif <cite>KILBOTz posted [p:881671091] in What is yo... [t:75492451]...</cite> <quote><cite>emblem boy posted...</cite> <quote><cite>KILBOTz posted...</cite> <quote><cite>Twin3Turbo posted...</cite> <quote> <cite>KILBOTz posted...</cite> <quote> first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots </quote> Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt.</quote> Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think.</quote> Any tips for getting into something like this?</quote> There are a lot of large books written on the subject if you want to get really educated, simplified stuff I learned is make sure and have a good deal of working capital on hand for when stuff comes up. All the profits from the property is currently being saved for a new roof that will be due in 7-10 years. Overall I shoot for a 8% return on investment in year 1. My quadplex is currently giving over a >20% ROI from my down payment. Once I can find properties over 8% I think my money is better invested there than the stock market since properties act as an annuity. It can be really stressful in that you feel really broke all the time because there is the worry that there will be a $20k repair or something like that needed. So expect that feeling. It is hard to get into real estate without being highly leveraged when you are starting out.</quote> ... Copied to Clipboard!
emblem boy 06/23/17 2:12:23 PM #55:	KILBOTz posted... emblem boy posted... KILBOTz posted... Twin3Turbo posted... KILBOTz posted... first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt. Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think. Any tips for getting into something like this? There are a lot of large books written on the subject if you want to get really educated, simplified stuff I learned is make sure and have a good deal of working capital on hand for when stuff comes up. All the profits from the property is currently being saved for a new roof that will be due in 7-10 years. Overall I shoot for a 8% return on investment in year 1. My quadplex is currently giving over a >20% ROI from my down payment. Once I can find properties over 8% I think my money is better invested there than the stock market since properties act as an annuity. It can be really stressful in that you feel really broke all the time because there is the worry that there will be a $20k repair or something like that needed. So expect that feeling. It is hard to get into real estate without being highly leveraged when you are starting out. Ya I've been listening to some podcasts about real estate but right now im just trying to save money to start actually buying things. --- Posted with GameRaven 3.2 <cite>emblem boy posted [p:881672620] in What is yo... [t:75492451]...</cite> <quote><cite>KILBOTz posted...</cite> <quote> <cite>emblem boy posted...</cite> <quote> <cite>KILBOTz posted...</cite> <quote> <cite>Twin3Turbo posted...</cite> <quote> <cite>KILBOTz posted...</cite> <quote> first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots </quote> Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt. </quote> Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think. </quote> Any tips for getting into something like this? </quote> There are a lot of large books written on the subject if you want to get really educated, simplified stuff I learned is make sure and have a good deal of working capital on hand for when stuff comes up. All the profits from the property is currently being saved for a new roof that will be due in 7-10 years. Overall I shoot for a 8% return on investment in year 1. My quadplex is currently giving over a >20% ROI from my down payment. Once I can find properties over 8% I think my money is better invested there than the stock market since properties act as an annuity. It can be really stressful in that you feel really broke all the time because there is the worry that there will be a $20k repair or something like that needed. So expect that feeling. It is hard to get into real estate without being highly leveraged when you are starting out.</quote> Ya I've been listening to some podcasts about real estate but right now im just trying to save money to start actually buying things.</quote> ... Copied to Clipboard!
Twin3Turbo 06/23/17 2:53:18 PM #56:	emblem boy posted... KILBOTz posted... Twin3Turbo posted... KILBOTz posted... first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt. Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think. Any tips for getting into something like this? I've read a lot of books specifically on Multifamily investing but others types as well. IMO the best ones I've read are: Multifamily Millions - David Lindahl Commercial Real Estate Investing 101 - David Lindahl Emerging Markets - David Lindahl The Complete Guide to Buying and Selling Apartment Buildings - Steve Berges They also discuss how to get started without any money of your own. If you could only read one, I would say go with Multifamily Millions. I however would recommend reading a lot more than one. --- https://imgflip.com/gif/di4a4 <cite>Twin3Turbo posted [p:881675071] in What is yo... [t:75492451]...</cite> <quote><cite>emblem boy posted...</cite> <quote><cite>KILBOTz posted...</cite> <quote><cite>Twin3Turbo posted...</cite> <quote> <cite>KILBOTz posted...</cite> <quote> first level manager without any employees working for me at a big company, working on a special project to implement SAP and some factory automation software and robots </quote> Been meaning to ask you, do you plan to buy more rental properties? That is my plan, to get as many multifamily units as I possibly can under my belt.</quote> Yes but I may have missed being able to buy in Seattle again. Even with a 5% annual rent increase I would be losing money for at least 5 years for most of the stuff I am seeing now let alone hitting my 8% ROI threshold I target. I had an offer in on an 8-plex last year at $720k but that building sold for like $850k after a bidding war. If it was selling this year it would probably go for $1M. My first property I bought was from a co-worker retiring that was moving to AZ and I got a slightly below market price on that without agent fees (had lawyers draw up the papers). I probably need to focus on private sales if I can find another place, I think.</quote> Any tips for getting into something like this?</quote> I've read a lot of books specifically on Multifamily investing but others types as well. IMO the best ones I've read are: Multifamily Millions - David Lindahl Commercial Real Estate Investing 101 - David Lindahl Emerging Markets - David Lindahl The Complete Guide to Buying and Selling Apartment Buildings - Steve Berges They also discuss how to get started without any money of your own. If you could only read one, I would say go with Multifamily Millions. I however would recommend reading a lot more than one.</quote> ... Copied to Clipboard!
emblem boy 06/23/17 2:55:08 PM #57:	Did you guys jump into multifamily complexes or did you start out with single family homes first? --- Posted with GameRaven 3.2 <cite>emblem boy posted [p:881675186] in What is yo... [t:75492451]...</cite> <quote>Did you guys jump into multifamily complexes or did you start out with single family homes first?</quote> ... Copied to Clipboard!
Twin3Turbo 06/23/17 2:59:25 PM #58:	emblem boy posted... Did you guys jump into multifamily complexes or did you start out with single family homes first? For me, straight into Multifamily. It's the quicker path to wealth IMO and Multifamily Millions does a good job of explaining why. --- https://imgflip.com/gif/di4a4 <cite>Twin3Turbo posted [p:881675456] in What is yo... [t:75492451]...</cite> <quote><cite>emblem boy posted...</cite> <quote>Did you guys jump into multifamily complexes or did you start out with single family homes first?</quote> For me, straight into Multifamily. It's the quicker path to wealth IMO and Multifamily Millions does a good job of explaining why.</quote> ... Copied to Clipboard!
MarkIngramTD 06/23/17 3:16:39 PM #59:	Aint no way ain't no fucking way --- made for your viewing pleasure. <cite>MarkIngramTD posted [p:881676453] in What is yo... [t:75492451]...</cite> <quote>Aint no way ain't no fucking way</quote> ... Copied to Clipboard!
Pinotage 06/23/17 3:35:16 PM #60:	Asherlee10 posted... Pinotage posted... Winemaker. Really? Yep. --- Husikam ...Believes in Patterns <cite>Pinotage posted [p:881677666] in What is yo... [t:75492451]...</cite> <quote><cite>Asherlee10 posted...</cite> <quote><cite>Pinotage posted...</cite> <quote>Winemaker.</quote> Really?</quote> Yep.</quote> ... Copied to Clipboard!
BigTee66 06/23/17 3:44:33 PM #61:	crappy houseman that setup banquets and that does stewarding --- MSI Z170-A PRO LGA 1151 \| i5 6500K \| ASUS ROG GeForce GTX 1070 \| 8GB DDR4 x 2 \| EVGA 650W \| Inwin 703 Black \| Steam: teeman92 <cite>BigTee66 posted [p:881678213] in What is yo... [t:75492451]...</cite> <quote>crappy houseman that setup banquets and that does stewarding</quote> ... Copied to Clipboard!
KiwiTerraRizing 06/23/17 3:45:28 PM #62:	Medicare Fraud Attorney --- Jake Peralta: World's Grossest Pervert <cite>KiwiTerraRizing posted [p:881678267] in What is yo... [t:75492451]...</cite> <quote>Medicare Fraud Attorney</quote> ... Copied to Clipboard!
Darkman124 06/23/17 3:50:07 PM #63:	Pinotage posted... Yep. appropriate as fuck username --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. <cite>Darkman124 posted [p:881678550] in What is yo... [t:75492451]...</cite> <quote><cite>Pinotage posted...</cite> <quote> Yep.</quote> appropriate as fuck username</quote> ... Copied to Clipboard!
KILBOTz 06/23/17 4:01:45 PM #64:	emblem boy posted... Did you guys jump into multifamily complexes or did you start out with single family homes first? I bought my personal residence the year before I bought my quadplex. I had actually been looking to get a decent duplex/quadplex when I bought my house and just live in one of the units but I couldn't find any that were up to my standards. My quadplex was my first investment property I bought though. --- http://i.imgur.com/O3syCWD.gif http://i.imgur.com/k3YiBdG.gif <cite>KILBOTz posted [p:881679215] in What is yo... [t:75492451]...</cite> <quote><cite>emblem boy posted...</cite> <quote>Did you guys jump into multifamily complexes or did you start out with single family homes first?</quote> I bought my personal residence the year before I bought my quadplex. I had actually been looking to get a decent duplex/quadplex when I bought my house and just live in one of the units but I couldn't find any that were up to my standards. My quadplex was my first investment property I bought though.</quote> ... Copied to Clipboard!
Dagger32 06/23/17 4:09:23 PM #65:	System Analyst for Insurance Company full-time. System Analyst for a video game publisher part-time. --- Can you Photoshop your life with better decisions? PSN: Dagger_32 <cite>Dagger32 posted [p:881679625] in What is yo... [t:75492451]...</cite> <quote>System Analyst for Insurance Company full-time. System Analyst for a video game publisher part-time.</quote> ... Copied to Clipboard!
KLouD_KoNNeCteD 06/23/17 4:13:34 PM #66:	I'm an architect. --- Quintons fatass way back there. Homie cant keep his pants up. Tryna borrow a belt I'm like Nobody here wear size EQUATOR!! <cite>KLouD_KoNNeCteD posted [p:881679866] in What is yo... [t:75492451]...</cite> <quote>I'm an architect.</quote> ... Copied to Clipboard!
Pinotage 06/23/17 8:29:08 PM #67:	Darkman124 posted... Pinotage posted... Yep. appropriate as fuck username lurve that shit. --- Husikam ...Believes in Patterns <cite>Pinotage posted [p:881694310] in What is yo... [t:75492451]...</cite> <quote><cite>Darkman124 posted...</cite> <quote><cite>Pinotage posted...</cite> <quote> Yep.</quote> appropriate as fuck username</quote> lurve that shit.</quote> ... Copied to Clipboard!
gguirao 06/25/17 1:09:33 PM #68:	Courtesy clerk at Safeway. --- Donald J. Trump--proof against government intelligence. <cite>gguirao posted [p:881781727] in What is yo... [t:75492451]...</cite> <quote>Courtesy clerk at Safeway.</quote> ... Copied to Clipboard!
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Current Events > What is your job? (+) Yeah! (+)

Current Events > What is your job?