All Forum Posts by: Account Closed

Hey David Dachtera #5 and #6 would create the most headaches and stress for me (for different reasons) and so I put them on the list for context. I'm not considering either so my sweet spot is somewhere north of #5 and south of #1.

Nichole Stohler I'd like to be financially independent within 10 years with the aim of creating generational wealth beyond that. I see owning apartment buildings as a means to the latter, so the question has been: how do I get to the point where that is possible and in a way that is sustainable. Self-managing properties is not appealing to me and I've been trying to find a way to skip that step.

Thanks for the thoughts Levi T. I want to treat this as a business and have just recently had my curiosity peaked regarding notes specifically because they don't involve the stress of repairs. I'd like to own some apartments eventually (with property management) but I definitely can't start there. So - notes seem like they could be a good way for me to get started and move toward apartments. Or, maybe notes are a good long-term strategy alone... I'm just wondering if there are any other strategies out there that eliminate some of the things that would be headaches for me. Suggestions are welcome!

Anthony Gayden Yes! I'm looking for the best fit or fits. One of my goals is to be available for my family and certain approaches will take me too far away from them. Some goals can be reached later but I want to choose strategies that, for instance, still allow consistent quality time with my wife and kids along the way. I don't believe it's a choice between RE and family but if it were, family wins every time. I see the different RE opportunities on a continuum. Some have a greater opportunity for return while others have less. Some require more time, some less. Some involve more headaches, some less. I believe that there is a sweet spot for me on the continuum and I want to be very thoughtful about where I jump in.

Hi Nichole Stohler I will likely be working my W2 job for awhile so I only have so much time. I would say that I'm a fairly low-bandwidth person and stressors for me include things like: - Business travel. I'm all for a good vacation or road trip but being away from my family frequently or for long periods of time is not good. I currently work from home most days. - Dealing with tenants. - Dealing with repairs and upgrades. Our primary residence creates more than enough projects for me. - Anything fast-paced. I'm a slow-and-steady-wins-the-race kind of guy. With those criteria, Any other approaches that fit somewhere between lease options and syndications?

Hello BP! I've spent the past few months learning and thinking about the various REI niches and strategies, and I feel like I'm pretty close to making a decision about where to get started. But before I do, I'm hoping to get a little input from the community. Specifically, I'd like to hear what others think about the headaches associated with the various opportunities. My goal is to find a good fit for my personality and family. This does NOT mean that I am looking for the most passive way to invest right now. It DOES mean that I want to get the most bang for my buck without adding too much stress to the equation. So without further ado, below is a first pass of some investing approaches beginning with those that I think would be the least stressful: 1. Syndication (least stressful) 2. Notes 3. Buy & hold w/ property management 4. Lease options 5. Buy & hold w/ self-management 6. Rehabbing & Flipping (most stressful) What do you think? Would you reshuffle the list based on your experience? What would you add to the list and where would you place it? I would love to see what your list looks like and hear why - especially if you think a particular strategy comes with less stress and the potential for higher returns.

Kyle Grimm I'm a licensed architect as well. I don't do anything glamorous in that field but I fill a much-needed role as a mentor/trainer and I enjoy that. I actually redefined my role a few years ago to create more space for the relationships that matter most, so I get to work from home several days a week. I've yet to make my first investment but at least I can't blame my W2 job for getting in the way of that.

Hank Lee I've looked at out-of-state turnkeys as well but have decided against SFR buy-and-hold because it's such a slow path. I would love to skip SFR altogether and move right into out-of-state 5+ unit value-add properties. I've also browsed LoopNet and have found properties that are way more affordable than what's in the Denver metro area, but I don't yet have the connections or the market knowledge to make it happen. I intend to focus on some networking with the hope that something good - apartment building or not - will come out of that.

Sounds good @Bill S.

Thanks, @Bill S. I'll give that a shot.