@@freedom_mentor Actually looking for for a tax Haven country I end up in Puerto Rico as you know it’s part of United States, so I’m not only I’m saving in capital gains from bitcoin and stocks. I also buy real estate here and I have some real estate in Florida as well. My idea was to do video collaboration really like your energy and your entrepreneurial insights and would love to contact you in the near future to see if we can both profit from this entrepreneurship in UA-cam. Thank you, 🙏 Dan Belsky.
Phil - I am in the North East and travel frequently around the country. Real estate market is on fire here, restaurants and stores are constantly packed. Airports are packed, stock market at historic highs, gas prices way down. I am not seeing nor feeling anything close to a recession in the market. Appreciate all your good advice but not sure where you are coming from on this one.
Housing is not only a need but also a desire, so theres always demand. The amount of demand fluctuates, but never goes to zero among those that can purchase. Thanks gents, would love to have one or all 3 of you on Michael Zuber's channel One Rental at a Time. Because great minds think alike, but explain different, so us viewers win. Thanks again gentlemen
I would be caution about buying anything for a flip because the current market is unpredictable especially if rates start declining. I would limit my flips to one at a time
You make your money when you buy a house to flip, not when you sell it. So if you buy right, you can buy as many flips as you want. The issue is not unpredictability of the future, it's paying too much for a property. Limit at your own risk. Better to do as many good deals as you can rather than to limit yourself.
No I own my home. I’m simply saying by no definition are we in a recession. We’ve had some sticky inflation. But prices likely won’t come down in general. Wages will catch up. Which is what we are seeing. No economist would say we are in a recession. The Fed doesn’t raise rates in a recession.
The American dream is to own a single family house therefore flipping a house is always the best opportunity. For buy and holds it’s buying multi families and renting for a decade before selling. STRs are failing to hotel lobbyists. Might as well buy fixer motels then STRs imo.
Interest rates effect both monthly payment/affordability and ability to refinance. Price is an easy metric to target but can be negotiated and is easier to swallow depending on amortization. Both are important, but rates (and other terms) are a little more important to me over price.
I came across your UA-cam channel and really enjoyed your content! I'm interested in connecting with you and exploring potential opportunities. Would you prefer a direct message, or is it more appropriate to reach out through business email?
Wait a second! All the info I’ve read and seen on the Sevier county inspections relates to fire, electrical, and structural safety. The standard use of a cabin loft as an extra bedroom with under-specified septic isn’t going to fall under this program, as far as I am aware - or am I mistaken? It’s not like getting your septic pumped more frequently is gonna hurt anyone. Putting this sort of limit on STRs there would seriously reduce the values of a lot of the real estate in the market, an immediate drop in the held equity in the market. If that were the case, all of us investors would love to know the insiders who knew this law was coming and dumped their real estate ahead of time before the drastic drop in equity. I have some choice words for such scum. We all invested in that area for the stability of the laws - otherwise we might as well have invested in socialist states like NY or CA…
While that is the impression they are giving everyone, that it's "all about safety", what I have personally experienced over my career is that governments use the Trojan Horse approach to get inside so that they can then wreck havoc with citizens. It remains to be seen if the inspections will identify a mismatch between the number of beds and the septic perk approval and I pray it doesn't happen this year, but don't be surprised if it happens. The real drive behind this is all the new developers that built new cabins and had to adhere to the new laws. They want to level the playing field by requiring everyone else to be restricted by the septic perk amounts too.
Every successful investor has a mentor. Get your mentor here: www.freedommentor.com/apprentice
Phil Pustejovsky.......A Walking Legend !!
Thanks! Appreciate the support.
And another one. Great stuff. Great to see anything from Phil!
Thank you so much!
Great content. Always looking forward to yours video's.
I appreciate that! Have you gone through our training course? If not, here is the link: courses.freedommentor.com
He's back!!! Hey Phil 👋
Yup! More videos coming out each week
Thanks Phil, 2024 looks like another great opportunity for us. Thanks for sharing your experience and your knowledge!
You're welcome. Yes!!! We're looking forward to real estate investing this year.
Great Video and awesome content!
Appreciate it! What type of real estate are you investing in right now?
@@freedom_mentor Actually looking for for a tax Haven country I end up in Puerto Rico as you know it’s part of United States, so I’m not only I’m saving in capital gains from bitcoin and stocks. I also buy real estate here and I have some real estate in Florida as well. My idea was to do video collaboration really like your energy and your entrepreneurial insights and would love to contact you in the near future to see if we can both profit from this entrepreneurship in UA-cam. Thank you, 🙏 Dan Belsky.
Phil - I am in the North East and travel frequently around the country. Real estate market is on fire here, restaurants and stores are constantly packed. Airports are packed, stock market at historic highs, gas prices way down. I am not seeing nor feeling anything close to a recession in the market. Appreciate all your good advice but not sure where you are coming from on this one.
Housing is not only a need but also a desire, so theres always demand. The amount of demand fluctuates, but never goes to zero among those that can purchase.
Thanks gents, would love to have one or all 3 of you on Michael Zuber's channel One Rental at a Time. Because great minds think alike, but explain different, so us viewers win.
Thanks again gentlemen
Great minds think alike but explain differently ❤
@sidshri6080 Deja vu? I typed a nearly identical comment just a day or two ago, nearly word for word if not completely identical.
Quoted from above
@@sidshri6080 LOL 😆 I didn't hit the read more button to see the bottom half of my own comment
You're welcome! We always love to share our perspective.
I would be caution about buying anything for a flip because the current market is unpredictable especially if rates start declining. I would limit my flips to one at a time
You make your money when you buy a house to flip, not when you sell it. So if you buy right, you can buy as many flips as you want. The issue is not unpredictability of the future, it's paying too much for a property. Limit at your own risk. Better to do as many good deals as you can rather than to limit yourself.
If rates go down, prices goes up
@@freedom_mentor 💯
Recession? I don’t think so. Economy is humming along pretty well.
Check your gas,grocery electric. You must be staying at your parents house
No I own my home. I’m simply saying by no definition are we in a recession. We’ve had some sticky inflation. But prices likely won’t come down in general. Wages will catch up. Which is what we are seeing. No economist would say we are in a recession. The Fed doesn’t raise rates in a recession.
Thanks
You're welcome! Thanks for commenting.
Timing real estate means knowing "when" to use the right tools. So by all means, time the market!! 😁
Well said! We agreed. Don't try to time the market cycles but know when to apply the proper strategies. Thanks for the support on the channel!
Hi I’m looking for a contract that says the seller gives me permission to list on the MLS anyone have one
Why not add that sentence to your contract, "Seller gives buyer permission to list property on the MLS"?
Thanx what if the end buyer has to get a loan will it work everyone is telling me to do novation
The American dream is to own a single family house therefore flipping a house is always the best opportunity. For buy and holds it’s buying multi families and renting for a decade before selling. STRs are failing to hotel lobbyists. Might as well buy fixer motels then STRs imo.
Appreciate your insight on that video. What are you investing in now?
PURCHASE PRICE is more important than interest rate change my mind
Interest rates effect both monthly payment/affordability and ability to refinance. Price is an easy metric to target but can be negotiated and is easier to swallow depending on amortization.
Both are important, but rates (and other terms) are a little more important to me over price.
First!
Yup!
I came across your UA-cam channel and really enjoyed your content! I'm interested in connecting with you and exploring potential opportunities. Would you prefer a direct message, or is it more appropriate to reach out through business email?
Send email to phil@freedommentor.com
Wait a second! All the info I’ve read and seen on the Sevier county inspections relates to fire, electrical, and structural safety. The standard use of a cabin loft as an extra bedroom with under-specified septic isn’t going to fall under this program, as far as I am aware - or am I mistaken? It’s not like getting your septic pumped more frequently is gonna hurt anyone. Putting this sort of limit on STRs there would seriously reduce the values of a lot of the real estate in the market, an immediate drop in the held equity in the market. If that were the case, all of us investors would love to know the insiders who knew this law was coming and dumped their real estate ahead of time before the drastic drop in equity. I have some choice words for such scum. We all invested in that area for the stability of the laws - otherwise we might as well have invested in socialist states like NY or CA…
While that is the impression they are giving everyone, that it's "all about safety", what I have personally experienced over my career is that governments use the Trojan Horse approach to get inside so that they can then wreck havoc with citizens. It remains to be seen if the inspections will identify a mismatch between the number of beds and the septic perk approval and I pray it doesn't happen this year, but don't be surprised if it happens. The real drive behind this is all the new developers that built new cabins and had to adhere to the new laws. They want to level the playing field by requiring everyone else to be restricted by the septic perk amounts too.