fareastwarriors

Everyone who owns (owned) a rental has a story like that. It sucks. I can empathize. It definitely feels like it's harder and harder to be a small small mom-and-pop landlord. My advice is to either don't play or scale up. Once you have some scale, the appreciation or rent growth over time makes up for some a crappy tenant or 2, or 3, or... ?

How Blackstone built the perfect pandemic portfolio in real estate https://fortune.com/2021/06/11/blackstone-real-estate-investments-covid-apartments-netflix-headquarters/

Warren Buffett's deputy has scored a 300% gain on Dillard's in 9 months - and now boasts a $170 million stake https://markets.businessinsider.com/news/stocks/warren-buffett-deputy-ted-weschler-makes-gain-dillards-stock-2021-6-1030534902

Picked up some more JBGS under $33

Same. Can't beat those margin rates. But I heard you can negotiate your rates at other places. Maybe people with some coin like Greg can do that. ?

added a bit to PCYO under $13

After reading the interview, now I'm thinking I shouldn't have trimmed my office REITs. lol

Self-storage has been hot for seemingly over a decade no? Is there still that much growth ahead?

Very true but I don't have plans to sell yet. I'm only in my mid-30s. I also don't have a W-2 job so if even I sell, I have a pretty good control of my income for the year. Maybe when I get older, I will have to employ some fancy accountants to help. ? I'm not saying this is a great/best strategy. It just works for me. I think I'm doing okay so I keep doing it .

I think you're responding to me but I ended up deleting my post. ? Yes, as mentioned, the stated income/no income verification loans are coming back. As a RE investor, I'm loving it. I think the underwriting is still okay since they only letting me do a cash out refi at 65% LTV with rates in low 4%, 30 Years fixed. I got other properties with higher than 5% loans. Can't wait to refi those!

https://www.bloomberg.com/news/articles/2021-06-10/ackman-s-universal-music-deal-spurs-pushback-from-vivendi-holder?srnd=premium Ackman Music Deal Spurs Pushback From Vivendi Shareholder

Greater than 75%, not including publicly traded REITs. My stock portfolio has done amazing past few years but wow the Bay Area RE has been nuts. Rising tide lifts my little boat.

Nothing special. I just try to buy 1 property a year so a lot of initial expenses to deduct. I'm also in the SF Bay Area so my cash flow is barely positive for some places. The appreciation is what I count on. Then I cash out refi and buy another. Rinse and repeat.

GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO https://www.cnbc.com/2021/06/09/gamestop-names-former-amazon-execs-matt-furlong-mike-recupero-as-its-new-ceo-cfo.html

Do you guys recommend a basket approach with Big Tabaco or do you have your favorites?