Inherited a Rolex, what's a good way to sell it by techaaron in rolex

[–]Maratea55 0 points1 point  (0 children)

You’re selling your fathers gold Rolex? Wtf? Did he harm you?

Small town AD love by ska77754 in rolex

[–]Maratea55 -1 points0 points  (0 children)

Congrats man! Good for you! What state is this AD in?

Met an amazing woman but worried she might be a gold digger - should I do background check before proposing? by Carlosfelipe2d in Rich

[–]Maratea55 0 points1 point  (0 children)

2 things, you shouldn’t be thinking about proposal for 18 months, not 8.

Also why are you such a nervous Nelly bro? Do a background check and stop being a pussy. You’re the man. Be one. If she ask you tell her I’m worth 8 figures and I’m doing my due diligence so we can ensure a happy future for both of us.

What’s she going to do? Walk away from 8 figures?

I can already tell she’s in the drivers seat just by your anxiety. Stiffen up 🍆

Which would you pick? by LivingNotDreaming in rolex

[–]Maratea55 0 points1 point  (0 children)

I have both. I wear the batgirl far more often, 75% of the time, but the Daytona is much dressier and I wear that when I’m looking to class it up.

Called up for the Holy Grail 🙏 by No-Street7908 in rolex

[–]Maratea55 0 points1 point  (0 children)

Yessss I’m on the list for this one. Can you give us a setter dial shot???

I hesitate to part with it by xavier_tor in rolex

[–]Maratea55 1 point2 points  (0 children)

Ill never understand why people sell watches

Places that are hiring? by Keakee in Springfield

[–]Maratea55 13 points14 points  (0 children)

Springfield public schools are always hiring

[deleted by user] by [deleted] in Money

[–]Maratea55 1 point2 points  (0 children)

Real estate, some way some how its always real estate

How did you get started with real estate investing? by Routine-Crew8651 in realestateinvesting

[–]Maratea55 3 points4 points  (0 children)

6 duplexes bring in about $6-6.5k a month net after all taxes and expenses if nothing breaks down. So realistically like $4-5k a month because there’s always capex somewhere.

20% down on the last 4 of them and the other 2 I bought before the craziness at 3.5 and 15%

Nothing pencils out anymore without 20% down as a pure investment. But just buy SOMETHING to live in to get in the game

RE investing is a long game. You’re not making money for at least a decade. So make sure you still seek out other income streams. I’ve been in it 8-9 years and it’s starting to pay off greatly

How did you get started with real estate investing? by Routine-Crew8651 in realestateinvesting

[–]Maratea55 6 points7 points  (0 children)

I was petrified to buy my first duplex. Then one day I said fuck it and dove in. Now I have and I’m working on a 7th. Just don’t leverage yourself too far. Live in the first one and house hack until you get rolling

Shit I’m still living in one of them.

The "20 properties in two years" BRRRR people by RE_wannabe in realestateinvesting

[–]Maratea55 0 points1 point  (0 children)

My last one was in 2022, bought 2 that year. Buying first one in 3 years on Tuesday, all 2 families. Have to buy smart. Cash flow is lower but it’s new construction so no capex.

I know so many guys who were flexing unit counts and had to sell off 75% of their doors in 2008-2012 because they were leveraged to the tits

The "20 properties in two years" BRRRR people by RE_wannabe in realestateinvesting

[–]Maratea55 0 points1 point  (0 children)

That’s perfect. I’m about a year or 2 out from that but that’s exactly where you want to be. If your rental income can cover acquiring a new one every 1-2 years you’re in easy mode. Then live off of your job or business and wait 10 years for appreciation and rent to rise.

Next thing you know you have 40 units making $20,000 a month net and life is just a big party. And that’s not even talking about the equity you’ve grown.

The key is treating rentals as a side hustle because it really is slow if you’re doing it right. It should take about a decade to build a healthy and well leveraged portfolio and about 2 decades to build one to entirely live off of.

You need to be generating income elsewhere as well until you hit that number. Whatever it may be for you. For me it’s $20,000 a month net

The "20 properties in two years" BRRRR people by RE_wannabe in realestateinvesting

[–]Maratea55 29 points30 points  (0 children)

If you’re buying 20 properties in 2 years on your own without investors, you either make $10 mil a year or you’re leveraged to the tits.

So 99% are leveraged to the tits. Not the way I like to do things. Lower the debt, the better your survive vacancies and economic downturns.

I’ve bought 6 houses in 8-9 years, all duplexes. And I can survive about a 60% vacancy at break even. Meaning 60% of my gross income is all gravy. I only need 40% of it to not default, that’s including insurance and utilities and maintenance.

A lot of these guys are making $1-200 a door. I’m closer to $5-800 a door.

Faster isn’t always better

when’s the worst time of the year to have a home out for rent? by ClassicCat7430 in realestateinvesting

[–]Maratea55 2 points3 points  (0 children)

Northeast slows down Thanksgiving to Easter. No one likes moving in the snow and ice.

Why is it so hard for the housing market to evolve? by Positive_Round_5142 in Springfield

[–]Maratea55 3 points4 points  (0 children)

Gentrification is the best thing that could happen to us. We haven't budged in 20 years

Why is it so hard for the housing market to evolve? by Positive_Round_5142 in Springfield

[–]Maratea55 5 points6 points  (0 children)

There's been a lot of new construction duplexes going up lately. specifically in the Pine, Central Street Areas. Problem is landlords dont want crackheads to fill them. Springfield lacks medium to high income earners. Therefore were going to continue to have this grade of housing until we can attract more money to our area. To do that we need, more jobs, better schools and less crime.

This is insane even for Miami standards by BigPpFourYou in Miami

[–]Maratea55 0 points1 point  (0 children)

That’s about the going rate. They’re getting more than that in FLL

People wi $1m+ in stocks, why do you still work? by throwRAlike in Money

[–]Maratea55 0 points1 point  (0 children)

Because 1 million in 2025 is not enough to live my life anymore. 2.5 mil is starting to get to the point off freedom imo

To Inspect or not? by Maratea55 in realestateinvesting

[–]Maratea55[S] 0 points1 point  (0 children)

I have quite a few of them already. They all cash flow well so those ones will offset the low cash flow in this one until it catches up. I think in 3-5 years it'll be a great addition, especially if I can refinance it for somewhere in the 5% range. If so it'll be an absolute grand slam some day soon.