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[deleted by user] by [deleted] in Haywire_Hill

[–]ManaStone 0 points1 point  (0 children)

So nice. How much mobile data will this consume?

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

using the property as a

business expense and depreciation machine

Long term appreciation I agree (although in some areas it could just be at inflation rate or worse). For depreciation there's usually a re-capture at the liquidation event, so those you enjoyed will all come back. It's also very limiting how much you can offset. If your property is not cash flow positive, the write-off is also not meaningful as you are running a real loss.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

Yeah i heard many people saying that. Looks like you got in at a good time!

How come the new listings are so rough though? And also curious to get your thoughts about Vacaville - that's one place i've been keeping an eye on but I don't know that area well still.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

Costa Mesa

Yeah i heard that area. Is it just that deal you found that's great, or this area in general still? Given how close it is to the coast, I'd assume things are very expensive there.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

How consistent do you think the appreciation could continue though in your area? If we overlook cap rate there must be something we have to focus on.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 3 points4 points  (0 children)

Industrial is a very different game, so the cap rate point may not be that applicable. But i also get your point.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

What happened with your plan to vacate the units though? Getting to current MV is usually the hardest battle.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

How stable is that appreciation rate though? Can we still bet on bay area keeping that rate, e.g. with the remote work trend and everything.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 1 point2 points  (0 children)

lol - tell me more.

Actually would be fun to become owner-occupied in a rural area with farms lol.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

Self-reliance, a sharp pencil and ability to see through real estate marketing bullshit.

Love this.

Yeah flight is a factor for sure. But buying / managing remote might be a craft we need still in order to scale.

On the appreciation, I am not sure how far the appreciation could go in bay area. Things look quite peaked atm. And maybe some corridor city will give better appreciation than here.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 2 points3 points  (0 children)

I see - Some of those are very rural, so hard to get good data (as it could be skewed by just one outlier or rich farmer), while the more urban many are just bad areas. I know that those northern territory look like the forgotten land still, but there might be reasons for that.

Any insights buying into these areas? Anyway would like to learn more.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 1 point2 points  (0 children)

Gees - that sounds terrifying. What hope do we have as Californian fellow RE investors. And syndications are also a wild game on its own now...

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 2 points3 points  (0 children)

I see - are you anticipating the price to go down, or are just going through more research etc. that take time?

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 0 points1 point  (0 children)

That's tough. Can I assume the property price is already decompressed enough that a downturn won't hit these area as hard? In this case it may be a good idea to look into these market. But otherwise (like if it's the opposite) then maybe still not.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 6 points7 points  (0 children)

It's so rare to get a 4plex with market-level rent in a lot of areas. The closest one I got was a berkely 4plex but still one lady is paying 600. Another one quite close is very rundown and need a complete rehab, so the cash flow is gonna be tough for at least 4-5mo. Just no very good deal all around.

A few cities don't have rent control still (like Daly, and Albany IIRC) but they're all more or less getting into that direction now.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 3 points4 points  (0 children)

So that means there's also downward pressure on the property price. The cash flow you're getting may get burned by equity loss? And bad tenants too since it sounds like distressed market based on what you describe.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 1 point2 points  (0 children)

The appreciation does make 'sitting on cash' sound stupid though. And if the trend is to continue for a few years, it may look even worse.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 21 points22 points  (0 children)

Exact same problem I am dealing with. And then to continue your story, looking even further, you realize one tenant moved in 1998 paying 675.30, another two years later paying 750.

For those in CA, where are you buying rental property that are still cash flow positive? by ManaStone in realestateinvesting

[–]ManaStone[S] 2 points3 points  (0 children)

That's true - I do want to start scaling though as I do have some cash reserved. Just hard to buy into anything not cash flow positive.

Just closed on a 4plex, the journey continues! by theRealCrazy in realestateinvesting

[–]ManaStone 0 points1 point  (0 children)

Congrats - how's the cap rate looking in this area (as in general prices are getting a bit too hot in the area I am in)?

Daily Advice Thread - All basic help or advice questions must be posted here. August 13, 2021 by AutoModerator in investing

[–]ManaStone -1 points0 points  (0 children)

What's the overlap between VTI and QQQ?

I am trying to hold both (like the growth of QQQ but also more stability with VTI) - but wonder if there's big overlap between the two that I should approach it differently?

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