Discover and read the best of Twitter Threads about #jumpin
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How I went from ZERO real estate knowledge
to my first DEAL…
And how YOU can do it too.
A THREAD 👇
to my first DEAL…
And how YOU can do it too.
A THREAD 👇
In my late 20s, I was selfish.
I didn’t want to be trapped in a 9-5 job and work there another 40 years
Hell, I just wanted to live #vanlife and have complete control over my time.
I was ambitious.
But I knew it would take lots of work, sacrifice, and some patience.
I didn’t want to be trapped in a 9-5 job and work there another 40 years
Hell, I just wanted to live #vanlife and have complete control over my time.
I was ambitious.
But I knew it would take lots of work, sacrifice, and some patience.
My initial goal:
to cover my living expenses every month, consistently, without having to go into an office everyday. That would give me time freedom.
How would I do it?
RENTAL REAL ESTATE
to cover my living expenses every month, consistently, without having to go into an office everyday. That would give me time freedom.
How would I do it?
RENTAL REAL ESTATE
The good, the bad, and the ugly
Of an 80-unit value-add property in Louisville that I’m a passive investor in.
I repeat: I have NO CONTROL over this investment/syndication because I’m a Limited Partner (LP) in this particular deal.
A THREAD 👇
#TheWeekendJump
Of an 80-unit value-add property in Louisville that I’m a passive investor in.
I repeat: I have NO CONTROL over this investment/syndication because I’m a Limited Partner (LP) in this particular deal.
A THREAD 👇
#TheWeekendJump
The good:
-79/80 units are occupied. That’s 98.75% occupancy. We’ll take it. Although it could be seen that our rent is too low (supply/demand).
But I’m not complaining in times like these.
-Had 2 move-outs in Q2 and 1 move in, hence the 1 vacant unit. We had 100% occupancy Q1
-79/80 units are occupied. That’s 98.75% occupancy. We’ll take it. Although it could be seen that our rent is too low (supply/demand).
But I’m not complaining in times like these.
-Had 2 move-outs in Q2 and 1 move in, hence the 1 vacant unit. We had 100% occupancy Q1
The bad:
-Investment start date: October 2018
-Annualized ROI (for LPs) since inception: 0.87% (YIKES! & dropping)
-Distributions during the 1st year are usually slim in these types of value add projects, but distributions are lower than expected & they're still suspended
-Investment start date: October 2018
-Annualized ROI (for LPs) since inception: 0.87% (YIKES! & dropping)
-Distributions during the 1st year are usually slim in these types of value add projects, but distributions are lower than expected & they're still suspended
My grandfather bought a house for $25,000 in the 1950s
It’s now worth $2.6M. Yes $2,600,000.
In addition, it brings in $5,200 a month in rent.
I’m calling this the GENERATIONAL WEALTH case study.
Welcome to #TheWeekendJump
A THREAD 👇
It’s now worth $2.6M. Yes $2,600,000.
In addition, it brings in $5,200 a month in rent.
I’m calling this the GENERATIONAL WEALTH case study.
Welcome to #TheWeekendJump
A THREAD 👇
Here’s the back story:
My grandparents are Japanese. Moved to America without speaking English. Learned it on their own.
It wasn’t easy for them in America…they felt the effects of racism…they struggled a lot…felt isolated…but they saw opportunity in this foreign land. 👇
My grandparents are Japanese. Moved to America without speaking English. Learned it on their own.
It wasn’t easy for them in America…they felt the effects of racism…they struggled a lot…felt isolated…but they saw opportunity in this foreign land. 👇
They had the vision and understanding that THEIR sacrifices would pay off for their daughter, their daughter’s children, and for generations to come.
My grandfather's big goal: BUY A HOUSE
👇
My grandfather's big goal: BUY A HOUSE
👇
