All Forum Posts by: Allen Wu

@Caroline Gerardo

Why so? You think prices will go higher when loans are now more favorable for primary residence? I was hoping it will slow down since investments should slow down.

@Michelle Paulsen

I keep my investment philosophy simple, but feel free to align with your financial advisor for final opinion.

I would max out all tax deferred options first like 401k, Roth IRA, etc. Then, any excess cash, you save and start building your alternative bucket of portfolio like rental properties.

I'm probably not your normal BP user here, and only started dabbling on real estate after tried and true conventional finance folks wisdom was completed (emergency fund, 401k, HSA, Roth IRA etc) were maxed out before I throw money into real estate.

Others here will probably disagree with me though, but the tax deferred growth is what I love most.

@Neil Narayan

Thanks for sharing Neil. What are you thoughts on San Antonio? Do you think it will heat up like Austin eventually?

@Kelly McJunkin

Who knows. I invest in real estate like stock market. I dollar cost average. Bought in 2014 when I thought it was heating up. Again in 2020 when things were sketchy. And again a month ago when it was heating up.

I’m on pause now, until i pay down 2 of my 4 units. Then, I’m back at it, for risk mitigation.

@Kelly McJunkin

I’m from SoCal and used to live in San Diego. I am a buy and hold investor focused on cash flow + appreciation areas. I like this approach because I’m a W2 employee looking to have an “option” to work in next 20 years.

Flipping and wholesaling are not for me. Seems a bit more hands on and requires more work.

@Pat Goodyear

Pat,

I try deploy leveraging and how much is my time “worth”.

For me, let’s say I make $50/hour at my W2, this is my main source of income and wealth generation, but my properties earn me an average of $20/hour based on hours that I put in.

In this example, I’ll outsource the property Mgmt to a company, so i can focus my time on producing more income at my W2 and addl hours spent finding new deals or spending time on things I love.

I am constantly thinking “leverage” as that helps maximize my efficiency rate.

Hope this is helpful.

@Frank Bonzai

I quit after 4-6 bid submissions

@Ian Kisbert

My PM does everything for me. They set a specific criteria when finding tenants. I’m in A and B class areas so generally no issues.

@Derek Meyer

I’m in Cape Coral. Snatched a duplex there 1-2 months ago. I wanted a single family, but cash flow #s did not make sense based on my calculations. So, I ended up going for a duplex. Paid 25k above listing though. Sold for around 275k.

@Erica Gordon

Have you tried outside of Philly? I got lucky and snatched one up in SW FL.