Comments by "Crime Stoppers" (@crimestoppers1877) on "Housing Markets Full Of Fools - Homebuyers Beware" video.

  1. I found you really find freedom. No fear of office politics, layoffs, etc etc with no more mortgage payments.
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  2. Good for you! As soon as I paid off the mortgage, I rebuilt, remodeled and renewed the house. I found retired licensed contractors in different trades to teach me how to do each job. I bought equipment and mateials from professional wholesalers and lumber yards. From the foundation, flooring, plumbing ( water DWV, new natural gas) , fireplace, electrical, HVAC to the roof, most work done by me. I paid each contractor hourly to show me each step, and I followed with my own work. I paid them to review my work and I either tore it down and repeated it or completed it for final inspection. Lots of fun. I got into this so much I did not know when or why to stop. To hell with "office work" contracting work is the way to go. Electrical work is my favorite so far. I just built a 1750 square foot ADU ( legal and permitted Additional Dwelling Unit) and am going through final inspections now. What about renting all this new space? NO WAY! Never have a tenant in Calfornia!! There may be a few honest ones but how can you know? November 2023 is the first month tenants are required to pay rent since the "Covid-19" excuses of March 2020.  @ElisaOKeefeSmith 
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  3. Not exactly true all the time. My hobby is buying, living in the house for the legal minimum time and and quickly selling the house using LTCG IRS regulations. When I sell a property, I always list it in the bottom 50% of comps leaving thousands on the table for a FAST close. It can sell quickly in any month of the year. I love to time local RE markets. No losses yet! The goal is NOT to extract the maximum profit from each deal, but to legally pay the lowest income taxes after the deal.. The more profit you try to extract, the more income taxes you must pay. Don't be greedy on profit and legally enjoy MUCH lower income taxes.
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