All Forum Posts by: Allen Wu

All - I’m getting tired of the 50-70 hour week grind. Started investing in real estate 5 years ago. Want to learn from others similar in my situation where you want to generate real estate investment income to retire early. Please share your story?

@Sanjeev Kumar

San Antonio, TX.

@Dona Cardenas

No familiar. For me, I rather invest in a reit etf or more private reit like fund rise. House brand names.

I would never get into syndication or smaller private reits. Risk seems too high for bad actors.

My real estate slice of portfolio only includes public market REITs and Reit ETF, private reits like fund rise, or properties i own myself.

@Michael Maslanka

Have a solid one in NorCal if helpful.

@Jacob Pereira

Thoughts on San Antonio? Can it absorb some of that nice Austin demand?

@Di Lyu

Are you ever planning to move back to OC? If yes, maybe hold for longer term play? CA seems to always appreciate at Better rate than rest of nation.

To answer your question though, check with 1031 agent and see if you can roll the money to couple of Austin properties.

Being an out of state investor as well (I’m from Los Angeles), I found Austin was very similar to LA or OC. High appreciation and no cash flow. Lots of speculation in Austin and prices going up. No real cash flow opportunities, so mainly an appreciation like CA city areas.

I have 2 SFH in San Antonio and it's cash flowing. If you're looking for potential cash flow, try San Antonio, though market heated up and those are sometimes tough to find, but still out there.

@Casey Mayton

Do both. Simple.

@Manav Mandhani

1) Pasadena, CA: appreciation

2)San Antonio, TX: cash flow and appreciation

3) Cape Coeal, FL: you might find some cash flow properties but becoming more like california

@Jeremy L Moskal

It’s not bad. Though I trust my property

Manager a bit more

@Brittany Baker

1) probably buying cheap houses in like C and D areas. Not sure if it’s the best areas long term, rolling dice on appreciation or tenant issues. Market tanks, you’re in the bankrupt stage

2) they have a lot of money to begin with

3) they have friends and family with money and strike deals that way

4) they are flexing hard core, ask for proof

For me, i stick to the tried and true. Buy only A and B class areas that cash flow with some appreciation. Has to be in a decent and safe area with strong economy or population migration. Slowly save 20-25% then do it again. This is a safer route for me and minimizes down fall and bad tenants. I’m the tortoise, though, others what to be the hare. Don’t want to get burned, but good luck to risk takers.