I Just Sold My $2.7M Home
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1st cause I’m the worst
You’re like 5th on the list, try again buddy
@yourboimark1366 Is that why I’m at the top
@G.4-4-4 Youre literally not lol. You tube puts your own comment at the top of the comment section for you, so you can find it. Thats not the comment section looks to others. There are 4 other comments on top of yours for everyone else to see.
@yourboimark1366 Nope, you’re just a hater
second because im the best
Third because I’m first worst and second best
I’m zero the hero
I just got here. Cant count tho
I’m glad that landlords are struggling.
It *should* be difficult to live off the rent of someone trying to have a warm place to sleep.
It’s gotten too bad, too greedy. I hope landlords struggle the same as the rest of us.
Not all landlords own properties like this guy….I had to rent out my place cuz I had to relocate…and I barely made any income from it. There are always issues to fix and you can’t just raise the rent. We should have no sympathy for corporations and those short term rentals like Airbnb landlords…
Lol people that can buy a 2.1 million dollar house aren’t struggling…you’re delulu haha nice try at thinking though 🤦♂️🤷♂️🤣
You always have the opportunity to be your own landlord. The struggle will have way more zeros. Should people only be allowed to live in a house if they buy it?
Unless you are in california
Right right, so the individuals that own multiple rental properties should either struggle or sell their properties to giant mega corporations who will never struggle. I’m glad you thought that through.
I’ve tried to explain this to my wife about real estate. She thinks it’s better than other investments.
You’re forgetting the 550,000 he made without the rental income.
@bill96aNo. I’m not. There are closing costs that typically run 7-8% of the selling price. So, he’s paying approximately 225k in closing costs. Then on top of that, there are headaches with owning. You have repairs and slippage when you lose a tenant as well as potentially tenants that need to be evicted. If his accountant took tax advantages like depreciating the property value he’ll owe a ton in gains now. The advantage to real estate is the leverage and if you roll it in 1031 exchanges and borrow more and more off the value to avoid the taxes.
Otherwise, rentals suck.
@InvestingWithAdamKmy point is he said the muni bond would be the same as the rentsl income. Never mentions the capital gains because it is far greater.
Yes owning a house comes with work but thats life.
@bill96aA muni may have done better once he factored for closing costs and other things.
@bill96ahe said he would make more with the muni
Then why don’t you just do that
he did, that’s what the longer video was about.
It’s almost like he sold his house or something to do that
YOUVE BEEN CANCELLED 😅
What?
cool humble brag bro
U made the mistake of buying in CA…lol..
Shortest man on earth.
Bonds don’t appreciate 30% in 5 years. Miss me with your sob story about how you had to spend $30k to make $600k 😂😂
I hope he finally realizes that he’s the joke in his own chat.
Not really, he has paid a ton in interest. Then paid commissions to agents, capital gains. Yes he probably made some hundreds k but it’s not just 30k.
Bonds from 2020 to today appreciated less than 30%, sure, not incredibly less but still less. But you don’t pay the crazy capital gains on bonds, you don’t pay property taxes, don’t pay maintenance and don’t pay HOA. Therefore Graham stands correct , he would have made more money with bonds, and your comment is wrong.
@bianconerointheus6692wrong. The margin is 60% on rental real estate. I presume he is all cash and no financing. In that case he get s all . Basically he gets 4% in cash on cash return and then another 6% compounded on capital appreciation. So all together 10% return yearly. Thats not as good as stocks
sad to see graham giving up on real estate but it’s the right move based on the current situation.
I’d donate to his go fund me if it was promissory for him to stop streaming.
Except you can’t use leverage to buy Muni bonds
Very informative story about the LA rental market. Part of me wonders if he just claimed this house as a second home and needed to sell it to qualify for the capital gains exemption of $250k.
Let me on the pod
He is right. Not worth investing unless you get enough return. Usfr or sgov is better
Whats muni bond
I fail to understand the crying. He made so much money on an investment and made it off the backs of hardworking California residents?
Am I missing something here?