Smart Asians is a myth. We just outwork most other people because our parents guilt trip us and shit. For Asians to be the smart ones we need to move to places with very few Asians.
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True. I should rephrase. We just work harder.
My parents were too nice to me. Let me play games and gave me independence. In addition to being bad at math, I can barely speak Cantonese and definitely canât speak Mandarin even after 3 years of trying to learn.
Shame on me.
Well at least you donât get anyâŚ
Plenty of that, still.
Thereâs always therapy. Look at me so modern!
I am too Asian to believe in therapy. Just go buy some hard liquor. Cheaper.
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Simple. Simply elegant. AAPL + S&P + SFHs. No need to have too many asset classes.
LOL ! Itâs free with health insurance. Mental health is wealth! Get with the programming.
Itâs ok to talk about your feelings even if itâs not to a âprofessional.â
Is managing a bunch of SFH say 10 v 100 unit multi all that different?
You manage the manger.
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10 SFHs are in different neighborhoods whereas 100 units are in 1 building of a neighborhood.
Is a balance of operating efficiency vs risk.
Now you have to pay attention to 10 different neighborhoods? Doesnât that detract from your simple elegance?
How about 10 100-unit building in 10 different neighborhoods?
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Yep thatâs the game.
I also wonder why ppl invest in SFH when MFH has 2-3x better cash flow and same long term appreciation. I think those who do are not professional investors or donât have lot of capital or just too naive and risk averse.
You have a good commercial loan broker in the Bay? Anyone to recommend?
Probably looking to hold at this pointâŚ10-unit in Oakland under renovations. Hopefully ready to lease Spring 2024.
All my financing is done by First Republic. They are super nice to big money movers.
I spent 5 days in Nashville checking out 3 neighborhoods a day. I saw 1 homeless person the entire time I was there. I did see a ton of attractive women in very short cutoff shorts and cowboy boots walking around all over the city. I stopped counting how many bachelorette parties I saw. The food and drink scene is amazing. The overall energy is great. It definitely lacks Asian people and food though, so most here probably wouldnât like it.
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I have a good experience with First Republic when I opened a Personal Line of Credit like 2 years ago but havenât expanded my business with them since.
You noticed any changes since the Chase takeover?
For RE investment purpose Iâd definitely check out where Bidenâs IRA money is going. Lots of EV and battery plants in the Tennessee area if I remember right. That region is poised to take off from a relatively low basis.
I remember seeing someone mentioned the town of Chattanooga being at the intersection of a ton of these infrastructure building activities. Right at the border of Tennessee and Georgia and equal distance to Nashville and Atlanta.
I drove I-65 from Nashville to Indianapolis. The amount of warehouse and factory construction along it was crazy. I think thereâs going to be a boom along I-65 and I-75. It obviously wonât hit Bay Area RE prices, but they are starting from such a low base. The percent gains could be amazing.
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