All Forum Posts by: Andre Galaviz

Thanks for posting this @Chip Martin. My wife and I are thinking about doing the same thing with our 2,500sf home in Lakewood, so it’s nice to see this conversation going. It’s also great to hear more about MTRs, especially since we’re within 10 minutes of two bigger hospitals and several medical centers. BP has just been a fantastic resource for us so far! Thanks @Ron Brady and @Ben Rhodin for the specifics you mentioned.

As a newbie investor, this post is confusing. It’s basically opposite of what BP is saying on podcasts, YouTube, etc. I’m not confused about the statements, just the message. I’ll look forward to seeing the opinions of other seasoned investors, or BP leaders on this topic. As someone who is considering leveraging equity to buy additional rentals this year, I’m inclined to think that pulling the trigger on that would be a sooner-rather-than-later move.

 Thanks for the book suggestion @Don Spafford, I'll have to add that one to my list. I'd also recommend The Multifamily Millionaire @Devanand Ramachandran. I'm new to REI as well and between that book and talking with BP members, I'm gaining knowledge and the confidence that follows when you learn more. Good luck! Happy to connect.

Great question! 

Legacy. Having kids opened my eyes to this. My "whys" are all centered around my family and other's families. 

To be able to spend more time with my wife and two kids while the kids are young

To leave something for them as they (and we) get older. 

To be able to take care of our aging mothers. 

To build wealth, so we never have to worry about money from a 9-5. 

To add value to properties and to other family's lives

I hope my kids will want to take over someday. 

 I am actually listening to that book right now, John. Thanks for the suggestion. Glad to know I am on a good path based on your suggestion.  I will look for that chapter and review it again!

 That's incredible!! I've started sending some properties I've found to my contractor, who may also partner with me on my first deal. My wife and I are planning on going down there next weekend to check out some of the properties first hand and talk with some of her relatives about the areas. 

I really appreciate you sharing your knowledge @David Avery!

@Mark Aqua thanks for posting. I have similar questions around cash out vs HELOC. @Matt Devincenzo, thank you for the breakdown. Very helpful discussion to have come across. 

Thanks again, @David Avery. I appreciate it greatly. I took your advice and checked out some Multifamily in Pueblo yesterday and today. My wife has relatives there, so we will be talking with them more about the area and opportunities. 

Welcome @Alex Turner, BP is definitely the right place to be. The community is great!

You were right @Ben Einspahr, I enjoyed this one too. Very cool to see the creativity and diligence that went into this deal!