Boris Harhaji 🇺🇸’s Post

I hope you are having a great week. Here is what you need to know.    In the News: As we approach voting time, Prop 33 is on the ballot. For most of us, the answer is voting "no." Basically if this passes, cities can impose more rent control than ever before. Here is some information on the topic: https://lnkd.in/gWg5xyxw **Law to be Aware Of: Between now and June 30, 2025, you can raise rent by 4% for Rent Stabilization Ordinance properties in the City of Los Angeles. But if you include gas and electricity in the rents, then you can raise an additional 1% rent for each that the Housing Provider covers. For more information, check out the latest set of slides from LAHD: https://lnkd.in/gBP4TFYT   General Real Estate Tip: There have been a lot of questions floating around about selling a condo/townhouse/single family home with tenants and whether or not they can get top dollar. Generally speaking, if you are selling with tenants, the price is viewed as an investment purchase. This means it doesn't matter what the comparable sales are, but rather how the numbers look based on the rents. If you are fine with those numbers, then go ahead and sell with tenants. Typically, you will get a better price if it is vacant, so it just becomes a business decision.    Let me know your thoughts. Thanks for reading and have a great week! **Laws are subject to change without notice and it is advisable to consult the appropriate professionals. . . . #landlords #tenants #prop33 #realestateinvesting #biggerpockets #losangeles #socal #buildingwealth #homeselling #listinghomes

I drove by this location this week in the most affluent county in Indiana. A follow up to my “passive” income post (and wanting to own your own real estate). Residual value risk is under estimated for those that want to own their own real estate. Exhibit A below. Simple math: say this was a $2M investment expecting to say rent of $150k of rent. That’s 7.5% return if you sell it for $2M in 20 years. Let’s say you end up like this unable to sell it after 20 years with no residual? the return drops to 4%. After 15 years? Just 1.5%. 13.3 years just to recover your original investment. Real estate returns are about the exit as much as it is the holding period returns. It’s just the math. Be careful out there.

I recently came across this interesting news article. While the article sheds light on the activities of big investors in the real estate market, it's important to focus on the core issue at hand: interest rates. The real problem lies in the impact of interest rates on the affordability and accessibility of homeownership. As interest rates continue to rise, it becomes increasingly challenging for individuals and families to secure traditional mortgages, leading to a surge in demand for single-family rentals. But here's the thing: single-family rentals can offer a flexible and affordable housing solution for many. They provide an opportunity for individuals and families to enjoy the benefits of a home without the hefty upfront costs and long-term commitments of homeownership. Instead of solely focusing on the activities of Wall Street investors, let's shift the conversation towards finding innovative solutions to address the challenges posed by rising interest rates. By promoting policies that support affordable housing options, we can ensure that individuals and families have access to quality housing that meets their needs. Let's challenge the narrative and work together to create a housing market that caters to diverse needs and aspirations. #SFR #RisingInterestRates

A Fortunate Failure Became Passive Income and Security 2008 was tough for real estate. I decided to flip my first home. The market collapsed, and the house sat unsold for 6 months. Failure turned into opportunity. I pivoted and rented the house. This ignited a passion for real estate. I learned real estate wasn't just for flipping. It could generate passive income and build wealth. Over the last 16 years, I expanded my portfolio. I now own four rentals and invest in self-storage and multifamily units. The first house doubled in value, and it has provided over $100k in passive income. Multifamily and self-storage offer even better returns. This journey gave me financial freedom and stability. I can now focus on my family, interests, and health. What unexpected opportunity could you turn into success? #RealEstate #PassiveIncome #FinancialFreedom #WealthBuilding

Investing in our 1st deal was... TERRIFYING! I was an engineer. My wife was a teacher. 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗵𝗲𝗰𝗸 𝘄𝗲𝗿𝗲 𝘄𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴??? We were about to buy a mobile home park! 🫢It was more expensive than our house!! 😨Our parents thought we were NUTS! 😱We didn't know ANYBODY who did this. We had one friend who encouraged us. 🙏(Thanks Matt Weston!) We put $100,000 into the purchase. ...all our money + some from a HELOC. I was scared out of my mind! BUT 📖I did my research. 🏡I learned how to do due diligence. 🙏(thanks Frank Rolfe !) 👩💼I hired a really good manager. Still... I had nightmares that ALL the tenants decided they weren't going to pay rent. But that first month... 📩The rent came in. 💸The expenses got paid. 💲There was money left over!!! After 5 years we 9x'd our money! I've been hooked ever since. 😁 #realestate #mobilehomepark #investing

I hope you are having a great week. Here is what you need to know.    In the News: As we approach voting time, Prop 33 is on the ballot. For most of us, the answer is voting "no." Basically if this passes, cities can impose more rent control than ever before. Here is some information on the topic: https://lnkd.in/gBaUA-Wr **Law to be Aware Of: Between now and June 30, 2025, you can raise rent by 4% for Rent Stabilization Ordinance properties in the City of Los Angeles. But if you include gas and electricity in the rents, then you can raise an additional 1% rent for each that the Housing Provider covers. For more information, check out the latest set of slides from LAHD: https://lnkd.in/gHFnnsyZ   General Real Estate Tip: There have been a lot of questions floating around about selling a condo/townhouse/single family home with tenants and whether or not they can get top dollar. Generally speaking, if you are selling with tenants, the price is viewed as an investment purchase. This means it doesn't matter what the comparable sales are, but rather how the numbers look based on the rents. If you are fine with those numbers, then go ahead and sell with tenants. Typically, you will get a better price if it is vacant, so it just becomes a business decision.    Let me know your thoughts. Thanks for reading and have a great week! **Laws are subject to change without notice and it is advisable to consult the appropriate professionals. . . . #landlords #tenants #prop33 #realestateinvesting #biggerpockets #losangeles #socal #buildingwealth #homeselling #listinghomes

Thinking of selling your house and moving? It’s worth considering if you want to put 20% down on your next home. While that typically isn’t required, putting that much down has clear advantages – and the equity you’ve built up in your current home can help make it possible. DM US today for a professional equity assessment and to discuss how you can use your equity to fuel your next move. #theblyteam #exprealty #exp #realestate #leaguecity #houston #downpayment #makememove

Austin is experiencing unprecedented growth, with its population expanding at over five times the national rate! 📈 And guess what? The majority of this influx falls within the prime renter age range. 🏙️ Don't miss out on the opportunity to tap into this booming rental market! #AustinGrowth #passiveinvesting #passiveincome #buildingwealth #multifamilyinvestor #investing #realestateinvestor #propertyinvestment #investmentopportunity #investmenttips

I enjoy reading while sipping my morning coffee and came across this article today. I have to admit it stirred up mixed reactions. I commend D.R. Horton for their commitment to affordable housing and their decision to target first time home buyers specifically. I'm confident that we will see more developments in our area, especially in north Snohomish County. The capitalist in me has no issue with a corporate giant owning so many single family homes as rentals but there's a part of me that would prefer to see these large companies stay in the large multifamily rental market and leave the single family homes to small investors and/or new home buyers. What do you all think about intentional efforts to build first time homes? Same question for large players owning thousands of single family homes that could be owned by individuals and help them on their way to financial freedom?

Have you read about the shifting landscape in California real estate due to increased #squatter fears? Landlords are now eyeing out-of-state investments to mitigate risks. How will this affect the real estate market dynamics in California?🏡 #RealEstate [https://lnkd.in/gXnX83Sd]