All Forum Posts by: Andrew S.

Thank you for all of the info guys! I'm looking to build an ADU or Duplex in the next few months. I have a property under contract in Raleigh. Looks like the above workshop was rescheduled:

 https://raleighnc.gov/planning...

Date: Friday, March 31, 2023
Time: Check in: 8-9 a.m. Event: 9 a.m.-12 Noon
Location: NCSU McKimmon Center, 1101 Gorman Street

Registration is free, but required: Sign up to be notified when registration opens.
We look forward to seeing you there.

Thanks everyone! Will keep in touch if I have more questions related to this. Really appreciate the insight!

Hey guys, 

I live in LA where appreciation is great but cashflow is not so good. I'm open to either house hack in LA (appreciation should be solid) or invest out of state for cashflow. From a financial perspective, how do I determine if I should pursue appreciation in LA first vs. cashflow out of state first? 

Also, would purchasing an out of state rental property eliminate my option to be approved for an FHA loan on a primary residence in LA later on? (in case I later choose to BRRR or househack in LA)?

Some helpful tips on how to think through a strategy and take the first steps would be awesome!

Thank you!

@Michael Tripp

Thanks for your response! I appreciate your input since your current situation sounds similar to the route I may go. I'd like to work toward becoming financially free early in life if possible. Given my current financial situation, how would I best determine whether I need cashflow vs. appreciation to move forward? 

Hey @Nathan Hall,

Thanks for checking in. I'm considering near Richmond (airport accessible), Charlottesville, Staunton, Harrisonburg (college town) or Ashburn (in Northern Virginia, airport accessible) due to family living in those areas and who could potentially visit the property if needed.

Hey guys! I live in LA and I'm considering a live in flip for tax free capital gains after 2 years. This would be a way of getting started. I have a wife and baby. We would look for something to purchase for 5-600K. Considering the best way to house hack it while we live there. If we house hack, how would this affect our taxes? Would a duplex vs. a back house affect those gains once we sell?

I'm a beginner investor. I am currently reading Bigger Pockets book "Set for Life." Looking a ways to cut expenses. I have a financial advisor for my American Funds Roth and Traditional IRA that I set up about 5 years ago. Currently, a fee of around 5% is applied to any of my contributions. Is this an unreasonable fee? Thinking about moving to Vanguard Target Date Fund and getting rid of the financial advisor for less fees. Any thoughts or suggestions? Thank you!

Newbie here. Have read a few books!

Quick Info:

-Living in Los Angeles.

-Wife and baby.

-Our family lives in Virginia.

-Renting 2 bdr. for $1750.

-Wife works full time at 60K.

-We have great credit.

-I'm currently transitioning / job hunting / learning / flexible.

-We have 100k that is liquid.

-Current cash flow is breaking even or negative each month.

-Horizon for living in LA is uncertain, but we do enjoy it.

Keeping the expensive LA market in mind, should I:

1. Buy a live in flip for tax free gains after 2 years?

2. House hack (backhouse, duplex etc)?

3. Invest out of state? (For instance in Virginia, near family).

Any thoughts / advice would be much appreciated!

Hey guys, would love suggestions on best training courses to get a real estate license to become an agent (and an investor later on). I've been considering Keller Williams here in Los Angeles where I live but I'm open to hearing about other great options. Also, online training courses are something I'd love to hear about as well! 

Hey guys! I live in Los Angeles and I'm considering getting my real estate license to become an agent (and eventually invest in properties). Family time is important to me. My wife works a 9-5 (though somewhat flexible). If I become an agent, is it possible to manage / control my hours so that I'm not constantly pulled away from time with my wife and 1 year old?  Or is being on call all of the time simply the nature of the job? Would love some opinions and suggestions!