Two Guys Take on Real Estate @2GuysTake Twitter profile

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Two Guys Take on Real Estate

@2GuysTake

1 month

Opportunity to get this old Kmart for FREE. Trying to come up with ideas for new use 🤔

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Two Guys Take on Real Estate

@2GuysTake

2 months

$100K Salary Looks Like After Taxes in Your State Alabama : 73k Alaska : 78k Arizona : 76k Arkansas : 73k California : 72K Colorado : 74k Connecticut : 73K Delaware : 73k Florida : 78k Georgia : 73k Hawaii : 71k Idaho : 73k Illinois : 73k Indiana : 75k Iowa : 73k Kansas : 73k

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Two Guys Take on Real Estate

@2GuysTake

1 month

Why is it that the appraisal almost 100% of the time comes in exactly at the agreed sale price? How is that possible?

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Two Guys Take on Real Estate

@2GuysTake

2 months

"REALTORS ARE OVERPAID"!! The truth IS: Average realtor income is ~$56,400. No benefits No healthcare Put lots of miles on their cars Work weekends Most work over 40 hours/week At the mercy of the client Give the broker 20% of their check 1099 so IRS fun The majority of

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Two Guys Take on Real Estate

@2GuysTake

2 months

If you think real estate prices are expensive now with 7-8% mortgages? If the Feds drop rates and we get a 5-6% mortgage rates Prices will 🚀 Agree?

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Two Guys Take on Real Estate

@2GuysTake

3 months

One of a best tools for a landlord. About $399 on Amazon. Got an apartment back from a smoker? Had a fire in the apartment? Had just a smelly tenant? Do you know what this is?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Foreclosure Auction Before and after Bought this for 290k at auction. Spent 136k on rehab. On market for $1.1M Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

2 months

One of a best tools for a landlord. About $399 on Amazon. Got an apartment back from a smoker? Had a fire in the apartment? Had just a smelly tenant? Do you know what this is?

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Two Guys Take on Real Estate

@2GuysTake

3 months

Why would you ever pay off a mortgage under 5% early?

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Two Guys Take on Real Estate

@2GuysTake

30 days

Won at foreclosure auction in 2019 for $26,500 Renovated for $64,850 This brings in $2,400/mo in rent The current value is $349,000 Would you keep or sell?

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Two Guys Take on Real Estate

@2GuysTake

2 months

We bought this at Foreclosure Auction for 121k Owner owed bank 350k and fell on hard times We rented it to them for $1000/mo while we worked with their wife who was not on mortgage to buy it back We paid up back taxes and fees Sold it to them 6 mo later for 210k Win win!

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Two Guys Take on Real Estate

@2GuysTake

2 months

NEW foreclosure auction acquisition Tub is perfectly intact Rip out and replace or refinish?

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Two Guys Take on Real Estate

@2GuysTake

2 months

You give a bank cash right now They give you 1-4% Then they lend it at 7-9% They keep ~5% We take cash from bank at 7% Buy real estate that gives us 15% and we keep the 8% You can’t save your way to freedom Leverage is a key to wealth Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Where are property taxes the highest: 1. New Jersey: 2.23% 2. Illinois: 2.08% 3. New Hampshire: 1.93% 4. Vermont: 1.83% 5. Connecticut: 1.79% What do you notice?

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Two Guys Take on Real Estate

@2GuysTake

3 months

Won at foreclosure auction in 2019 for $26,500 This brings in $2,400/mo in rent The current value is $349,000 Would you keep or sell?

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Two Guys Take on Real Estate

@2GuysTake

2 months

@kellyfj1 Couldn't agree more. The tax code is so far in favor of Real Estate it is amazing

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Two Guys Take on Real Estate

@2GuysTake

2 months

Tax liens can be a great way to buy Real Estate for cheap. Here are some things to know Get your pens out, or just save this thread 🤪

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Two Guys Take on Real Estate

@2GuysTake

1 month

Foreclosure Auction Before and after Bought this for 114k at auction. Spent 58k on rehab. Sold for 279k Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

2 months

We have been switching to this for most of our rentals. 15% off at Home Depot. Spoke to some old school landlords at a local REIA who swear by VCT. Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

4 months

Buying discount property is the name of the game Three family Won foreclosure auction: 62k Rehab : 75k Rehab time : 6 months Appraised for : 400k Rents for : $4200/mo Are you buying foreclosure auctions?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Won this beauty today at Tax deed Foreclosure auction Two family house Adjusted ARV 300k Winning bid 40k Municipal lines 16k Buyers premium 2k Rehab est 85k Think I got a good deal?

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Two Guys Take on Real Estate

@2GuysTake

3 months

The typical “American dream” debt trap: $80,000- College $30,000- Wedding $300,000- Home $40,000- Car Then invest if you can My "American Dream" debt release: $80,000 - Duplex $80,000 - Duplex $300,000 - Four plex $250,000 - triplex Then bought myself a house What about you?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Just flipped a property that was a complete disaster - think mold, ancient plumbing, and critters living in the walls. Won at foreclosure auction for 86k, poured 61k into renovations. Just sold for 349k. The secret? Knowing your market and never skimping on quality. 🏡💰

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Two Guys Take on Real Estate

@2GuysTake

2 months

Biden wants a 25% tax on “unrealized gains”… Well then we want a 25% refund on “unrealized losses”. Fair is fair right?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Tenant: My toilet is clogged Me: Ok looks like I will have to pull the toilet 5 mins later Me : Why the $&!? is there a steak bone in the toilet? Tenant : Where was I supposed to put the scraps? Me : 🤦

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Two Guys Take on Real Estate

@2GuysTake

4 months

Finishing up this rental Single family 4 bed 2 bath Springfield, MA What do you think rent should be?

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Two Guys Take on Real Estate

@2GuysTake

7 days

Closing on the car wash 😁

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Two Guys Take on Real Estate

@2GuysTake

3 months

Foreclosure auction Two family Won for 37k Fire rehab Rehab Cost : $72,600 Holding Cost : $4500 Appraised for : 250k Cash out refi : 200k ( 75k cash tax free in pocket ) Rents for: $3600/mo Before and after What do you think?

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Two Guys Take on Real Estate

@2GuysTake

4 months

This one was rough Won foreclosure auction for 46k Paid back taxes 4.2k Appraised for 250k Rehab 55k ( who puts carpet in a bathroom 🤢) Reno time : 8 weeks Rent : $2200 Cash out tax free : 75k What is a deal you have done lately?

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Two Guys Take on Real Estate

@2GuysTake

2 months

@Frankie_Junior I am talking about net rental income. The IRS allows for so many tax benefits to offset the income tax liability is often $0

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Two Guys Take on Real Estate

@2GuysTake

3 months

Why is real estate investing so powerful? Our rental portfolio: 82 properties My rental portfolio value: $45.2 million Money invested in portfolio: $8,190,000 Where else can you get that kind of leverage?

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Two Guys Take on Real Estate

@2GuysTake

3 months

House flipping shows make it look easy, but here's the real deal Bought a foreclosure for $80k Spent $200k on rehab Sold for $549k Profit? Sure. Easy? Nope. Under ground oil tank Frozen pipes Rehab took 1 year! Real estate investing isn't HGTV.

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Two Guys Take on Real Estate

@2GuysTake

1 month

Foreclosure Auction today! 2/1 house Taxes owed $1,599.98 ARV 275k Rehab est 42k What would you bid?

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Two Guys Take on Real Estate

@2GuysTake

4 months

Why I love buying at Foreclosure Auction: Won for $114,500 Taxes owed $24,000 Rehab $85,000 Sold for $410,000 Have you ever been to a foreclosure auction?

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Two Guys Take on Real Estate

@2GuysTake

3 months

Where some see trash We see opportunity!! What do you see?

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Two Guys Take on Real Estate

@2GuysTake

3 months

How we screen tenants: 1. 680+ credit score 2. Income 3x the monthly rent 3. Clean background check 4. No open housing court cases 5. Landlord reference 6. Employer reference Anything else you look for?

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Two Guys Take on Real Estate

@2GuysTake

1 year

@barstoolsports Hello Twitter! Make sure to check us out on our other platforms to learn about real estate investment!

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Two Guys Take on Real Estate

@2GuysTake

2 months

First tax deed foreclosure auction of the day

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Two Guys Take on Real Estate

@2GuysTake

3 months

One good foreclosure auction could change your life!

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Two Guys Take on Real Estate

@2GuysTake

2 months

Would you buy a three family at foreclosure auction like this?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Republic First Bank Seized By Regulators First Bank Collapse Of 2024 Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

1 month

@augustagarei Town took over and they are doing an RFP

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Two Guys Take on Real Estate

@2GuysTake

4 months

Foreclosure Auction about to start at 2pm! Occupied ARV : 320k Taxes owed : $1856 Water and sewer owed : $359 Rehab Estimate: 60k What do you think I should bid?

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Two Guys Take on Real Estate

@2GuysTake

2 months

@SonsOfJohnson Really? Ouch

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Two Guys Take on Real Estate

@2GuysTake

2 months

Shout Out to everyone building wealth in Real Estate from scratch: • No rich parents. • No connections. • No assistance. • No excuses.

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Two Guys Take on Real Estate

@2GuysTake

2 months

Foreclosure Auction due diligence time 3 bed 1 bath Taxes owed $1,145.84. Trash owed $220.86. Water and sewer owed $6,282.68 ARV 285k Rehab est 55k What would you bid?

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Two Guys Take on Real Estate

@2GuysTake

2 months

“I wish I buying rentals in 2012” “I wish I buying rentals in 2015” “I wish I buying rentals in 2018” “I wish I buying rentals in 2020” “I wish I buying rentals in 2022” Stop wishing. Start investing!

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Two Guys Take on Real Estate

@2GuysTake

4 months

Foreclosure Auction tomorrow: Single family ARV : 325k Rehab Est: 55k Taxes owed: 6k What do you think my max bid should be?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Costco offering prefab bed/studio for under 17k. Airbnb? Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

3 months

4 common challenges property owners face: 1. Tenants who stop paying rent 2. Tenants who break the lease early 3. Periods of vacancy 4. Property damage What else would you say?

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Two Guys Take on Real Estate

@2GuysTake

2 months

@JollyRogerJoe Nope agents in general

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Two Guys Take on Real Estate

@2GuysTake

4 months

@ShidoGlobal When will we receive our tokens? Also there is a little t of fraud. I lost 1.48 eth from here

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Two Guys Take on Real Estate

@2GuysTake

3 months

We are not the first to say but it's worth repeating: Paint is the great ROI in real estate. But screening your tenants well is the BEST ROI! What else has great ROI in real estate?

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Two Guys Take on Real Estate

@2GuysTake

30 days

@KenjiCapital I would be more concerned with the THREE evictions than the credit score. That would be a hard no for me before I got to the credit score

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Two Guys Take on Real Estate

@2GuysTake

3 months

When you just bought a vacant foreclosure auction... That isn't vacant 😱 What would you do?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Real Estate investing is no 9-5 and sometimes you have to really fast when you find a good real estate deal An agent called me at 3:07 pm and said they were about to list a carwash that was promising By 3:35 pm I was at the property. The building department closed at 4:00 pm

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Two Guys Take on Real Estate

@2GuysTake

3 months

Foreclosure auction deal Single family Sold for 235k Won at auction for 24k Underground oil tank - luckily was a clean pull Rehab cost $76,450 Took 10 weeks What do you think?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Unpopular opinion While I feel for tenants having a hard time finding apartments; but why should a landlord not be able to ask a tenant to leave when their lease is up so a landlord can make improvements and do what they want with their property?

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Two Guys Take on Real Estate

@2GuysTake

2 months

I'm amazed at how little tenants know how a home works... Tenant: The heat is not working! Me: Sending maintenance 45 mins later Maint : You have a space heater under the thermostat Tenant : So? it is cold! 🤦

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Two Guys Take on Real Estate

@2GuysTake

2 months

Tenant just moved out Why? Just why?

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Two Guys Take on Real Estate

@2GuysTake

3 months

My brother in law asked me this Why not just put all your cash right now in CDs or Index funds and live off the interest? While 4-5% no headaches sounds nice I enjoy buying real estate and also growing generational wealth from my son. Do you have an enough number?

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Two Guys Take on Real Estate

@2GuysTake

3 months

Foreclosure Auction today! Single family 3/2 Built 1940 Septic title v 2015 ✅ Taxes owed $1738 ARV 570k Rehab est 52k ( mostly just updating) What would you bid?

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Two Guys Take on Real Estate

@2GuysTake

4 months

Cleaning up this foreclosure made us over 50k tax free plus 40k in equity & $2450 in rent!! Key was finding cheap property to add value! We explain more in our book on Amazon ( link in bio)

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Two Guys Take on Real Estate

@2GuysTake

4 months

This one is rough Closed on this Foreclosure Won auction for 56k Paid back taxes 5.6k ARV 265k Rehab Est 78k ( roof, kitchen, bath, plumbing, heat, floors, etc.. ) Reno time : 10 weeks Think we got a good deal?

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Two Guys Take on Real Estate

@2GuysTake

3 months

You can only pick one: A - $2 Million cash B - $1 Million rental property with net $7,000/mo C - $1.5 Million Personal house paid off Which one would you chose?

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Two Guys Take on Real Estate

@2GuysTake

3 months

Just putting this on the market this weekend! Foreclosure auction from a year ago Won for 136k Was occupied ( took 8 months to get out ) Rehab Cost : $32,670 Holding Cost : $7580 Listing for: $279,900 Be cautious with occupied foreclosures! Before and after What do you think?

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Two Guys Take on Real Estate

@2GuysTake

1 month

@RealtorOnABike Drone racing? That is a new one for me

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Two Guys Take on Real Estate

@2GuysTake

3 months

In 2008 we bought our first rental property together! We had no idea what we were doing But we had a dream to buy hundreds of units. Easy right? Today we have bought over 500 units worth $50.2M It all started with this duplex

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Two Guys Take on Real Estate

@2GuysTake

3 months

Foreclosure Auction Single family Occupied Won bid for 218k Rehab 57k Cash for keys 3k Holding costs 7k Sold for $359,900 Who doesn't love a deal?

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Two Guys Take on Real Estate

@2GuysTake

3 months

If a prospective tenant can't afford to rent a unit at 30% of their income then you are doing the right thing telling them no. Putting someone in one of your rentals that is too tight on income only sets you both up for failure. Agree or disagree?

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Two Guys Take on Real Estate

@2GuysTake

2 months

See this at a property? Be careful Do you know what it is?

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Two Guys Take on Real Estate

@2GuysTake

1 month

@theficouple The wealth trap: 1. Your Company pays for your housing - write off 2. Your Company pays for your car - write off 3. Your Company pays for your health insurance - write off 4. You didn't go to college 5. You invest 90% of what you make and live off the rest Congrats you are set

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Two Guys Take on Real Estate

@2GuysTake

2 months

Foreclosure Auction 1st bathroom Before and after Bought this for 290k at auction Spent 136k on rehab On market for $1.1M Gotta love the pink tile Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

3 months

When the bank opens up the bidding at a foreclosure auction with a crazy number And the crowd goes silent 😱

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Two Guys Take on Real Estate

@2GuysTake

2 months

Real estate is most people’s BEST investment Not because it out performs stocks or has way better tax advantages but because it’s harder to sell You can’t panic sell a rental property in seconds Buying is the easy part of investing, waiting and enduring is the hard part

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Two Guys Take on Real Estate

@2GuysTake

1 year

Bought at Foreclosure auction in 2016 for $111,500 Reno for 20k in 2016 Rented it for $2,100 Refinanced it for 150k in 2016 (15k in pocket) Reno for 25k in 2022 Sold it for 360k in 2022 1031 exchange to 19 Single families Lesson: Buy right and grow your wealth

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Two Guys Take on Real Estate

@2GuysTake

1 month

Foreclosure Auction today Single family 3/2 ARV : 310k Taxes owed $1,241.33. Trash fee $136.69. Water and sewer $816.31 Est rehab : 45k What would you bid?

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Two Guys Take on Real Estate

@2GuysTake

1 month

Where some see trash We see opportunity!! What do you see?

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Two Guys Take on Real Estate

@2GuysTake

2 months

Here is the price to rent ratio by state in 2024 1. Montana: 44.05 2. Hawaii: 41.80 3. Idaho: 40.82 4. California: 39.44 5. Utah: 38.35 6. Massachusetts: 36.56 7. Maine: 36.00 8. Washington: 35.14 9. Rhode Island: 34.97 10. Oregon: 34.13 11. Colorado: 32.92 12. Wyoming: 32.47

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Two Guys Take on Real Estate

@2GuysTake

2 months

Our walking the dog Walked by the Worst house in a great neighborhood Should I make them an offer?

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Two Guys Take on Real Estate

@2GuysTake

1 month

@dm6580 That would be a huge little Caesars!!!

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Two Guys Take on Real Estate

@2GuysTake

1 month

When we hear "you are making it so no one else can buy homes" Two Family in Westfield, MA 👉Won Foreclosure Auction $200 ( Yes Two hundred dollars) 👉Rehab : 80k 👉Tax revenue to town : 4k/yr 👉Two needed rental units : 3k/mo We ask "who else would take on these projects?"

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Two Guys Take on Real Estate

@2GuysTake

2 months

Going to nine foreclosure auctions tomorrow! 7 are tax deed foreclosures! I don't know about you but we're definitely seeing a huge increase in foreclosure auctions!

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Two Guys Take on Real Estate

@2GuysTake

4 months

Foreclosure fail This is our biggest loss Foreclosure won : 359k Rehab Est : 150k Liens : 60k ARV : 900k Actual Rehab : 300k ( septic, Radon, foundation, list goes on ) Holding costs : 80k Sold for : 750k Important to share the wins and losses What was your worst loss?

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Two Guys Take on Real Estate

@2GuysTake

3 months

Tenant: Why am I not getting anything back from my security deposit? Me: 🤦

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Two Guys Take on Real Estate

@2GuysTake

1 month

Pro tip: Buy for cashflow and hope for capital gain This will let you ride out any market

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Two Guys Take on Real Estate

@2GuysTake

8 days

Hello 11 duplexes! Owner Financed!

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Two Guys Take on Real Estate

@2GuysTake

2 months

Please explain to me how not paying rent isn't stealing?!

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Two Guys Take on Real Estate

@2GuysTake

4 months

Hi, Two Guys Take on Real Estate here! We love buying property on the cheap. But sometimes we amaze ourselves! This two family we got at Foreclosure Auction for... $200. Yes only $200! They had to mail back $4800 because the deposit I had to bring was 5k! Rents for $3800/mo

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Two Guys Take on Real Estate

@2GuysTake

2 months

Last March we had 288 commercial foreclosures We are now up to 625 commercial foreclosures for March 2024 Highest since March of 2015 Thoughts?

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Two Guys Take on Real Estate

@2GuysTake

1 year

@barstoolsports Hey!! 😂 We got mentioned on @barstoolsports

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Two Guys Take on Real Estate

@2GuysTake

1 month

Bought at Foreclosure auction in 2016 for $111,500 Reno for 20k in 2016 Rented it for $2,100 Refinanced it for 150k in 2016 (15k in pocket) Reno for 25k in 2022 Sold it for 360k in 2022 1031 exchange to 19 Single families Lesson: Buy right and grow your wealth

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Two Guys Take on Real Estate

@2GuysTake

1 month

How we screen tenants: 1. 680+ credit score 2. Income 3x the monthly rent 3. Clean background check 4. No open housing court cases 5. Landlord reference 6. Employer reference Anything else you look for?

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Two Guys Take on Real Estate

@2GuysTake

4 months

5 Indicators where the economy is going: 1. Car repos - 📈 2. Auto repair costs - 📈 3. Hair salons - 📉 4. Pay day loans / Pay later loans - 📈 5. Shopping at discount stores - 📈 Where do you think the economy is going?

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Two Guys Take on Real Estate

@2GuysTake

18 days

Foreclosure Auction Win Two family Won for : 46k ARV : 400k Rehab : 75k Monthly rent: $3800/mo Siding and roofing make a huge difference

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Two Guys Take on Real Estate

@2GuysTake

2 months

Everyone wants to get rich with real estate No one wants to: - Go to 100 foreclosure auctions to buy one - Call and get yelled at on driving for dollars - Interview many property managers This isn’t a get rich overnight. Learn the game, respect the hustle.

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Two Guys Take on Real Estate

@2GuysTake

3 months

Had an eviction at one of our 16 unit rental properties. They left before the sheriff so we cancelled movers ( Mass sucks for evictions ) Went a couple days after possession to change locks and squatters had taken over. Called the police to get them out! Ever had a squatter?

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Two Guys Take on Real Estate

@2GuysTake

15 days

If I buy zero more assets starting today and die in 25 years, my two-year old will inherit rental properties worth $52M that will generate $425K in monthly revenue 🏡

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Two Guys Take on Real Estate

@2GuysTake

21 days

Foreclosure Auction Update Won for 160k Paid back taxes 5.6k Rehab is on budget for 56k This will be a flip List price will be 349k What do you think so far?

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Two Guys Take on Real Estate

@2GuysTake

1 month

@dchidyllo Some good ideas

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