All Forum Posts by: Adam Bearup

@Bill S. Thanks For the tip on using the zip codes search Bill. I’ll test it out and see who might be a good fit.

@Katie Fiola Jones Great Katie, thanks for the lead!

Hello BP community! I'm looking to connect with real estate agents who are investment focused in the Lakewood CO area. Searching for SFH's and hoping to meet local experts.

Hello BP community! I'm looking to connect with real estate agents who are investment focused in the Lakewood CO area. Searching for SFH's and hoping to meet local experts to help along the way.

Hey everyone, great discussion and points of view. It's certainly interesting see the variety of perspectives on this issue, and as @Austin Fruechting mentioned there are so many different ways that it (RE) can be done. 

When I originally asked the question, I was mulling over the 4 forms of wealth that RE provides (cash flow, paying down the mortgage, tax write off, and depreciation) as mentioned by @Brando Turner and @Josh Dorkin. I had figured that the initial investment and cash on cash returns could be comparable, but the tax incentives and depreciation would favor one market over another and thus favor one strategy or another. I understand this could be understood much more comprehensively by running the numbers of prospective properties to find out.  

Additionally, the thought with Jacksonville (or Tampa for that matter) vs. Denver is that the Florida markets still have sizable appreciate projections to benefit from. So not only was the thought to invest in a cheaper market, but also to capitalize on the upswing of those markets. Thus getting a little extra juice from the out of state play. 

Better to own one property in an expensive market like Denver, or several properties in a cheaper market like Jacksonville? ......Assuming the investment and ROI are the same.

@Jeff G.. Holy shhhhhhhmokes! Point taken. I appreciate the perspective.

@Jeff Garzik,

Good point I was thinking along those lines as well. If you go that route, wouldn't you be stuck with paying the interest back on the money you borrowed from the HELOC, in the end having a net negative?

Assuming the HELOC would be replenished with monthly rental cash flow. Which would take a long time if you're pulling out $10K for a new roof, or something of that magnitude.

@Len Roche 

Thanks for the info. That sounds like a nice straight forward approach to keeping the money liquid while maximizing returns through your bank. I've heard of Ally but not Synchrony, you'd think the online banks could offer better returns, not needing to maintain the brick and mortar footprint of traditional banks. I guess the market sets the price, but here's to wishing anyway.... 

Hi @Jeff Bower

Good point I was thinking along those lines as well. If you go that route, wouldn't you be stuck with paying the interest back on the money you borrowed from the HELOC, in the end having a net negative?

Assuming the HELOC would be replenished with monthly rental cash flow. Which would take a long time if you're pulling out $10K for a new roof, or something of that magnitude.