All Forum Posts by: Avel Arci

I definitely agree with previous replies, Educate Yourself! Like any investment endeavor, you don't want to jump into turbulent waters w/o knowing how to swim, having good reliable tools/gears and training/education and a good network. You don't want to be left with only the experience, with all your $400k gone. - mindset wise, I assume you've read Rich Dad Poor Dad? To start with, listen to this podcast: - BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets: 200: A Step-by-Step Guide to Buying Your First Real Estate Investment https://www.biggerpockets.com/renewsblog/bp-podcast-200step-step-guide-buying-real-estate-investment/ Check out: - https://www.biggerpockets.com/renewsblog/bp-podcast-200step-step-guide-buying-real-estate-investment/ptp

Are we really close to another RE Market bubble-bursting Cycle? How to prepare and pull the trigger for the "blood in the streets" Cycle? I'm still a newbie at BP. I've been looking at the numbers on a couple of hundreds of properties now. Practicing to identify a rental property based on the 2% rental rule. Nothing so far. I noticed most of the properties being sold were/are already in the high decile of the 2007 peak, even though not all of them have recently been upgraded. I'm guessing the downtrend is close by, perhaps, a few months or a few years. As a newbie, wanting to get into RE Investing: 1. Is my concern far from reality? 2. What actionable steps should prepare a newbie to pull the trigger when property prices drops again? 3. I'm thinking of saving hard money for down payment on MFRs or a couple of SFRs if another RE bubble bursts. Is this a sound approach? How are you preparing for the next RE bottom? What's your best advice based on your analysis and experience? Appreciate your thoughts..

I've heard of Mint and Prosper, but haven't really used them

Michael H. I agree with the responses that the quotes you got looks way off! Based on limited personal (non-REI) experience, on our house around San Francisco, the figures are close to the numbers by Patrick Liska Get quotes from at least three highly qualified/rated/recommended contractors. Our stucco house cost ~ $4.30/sq ft for the exterior paint and prep. We got 3 quotes. Two contractors quoted X1.3 and double the price. Composite shingle roof and seamless aluminum gutters was ~ $6.30/sq ft

Please share information and experience about companies or individuals to be wary of or you'd never do business with. Thanks!

Please share why it made sense to you -numbers and analysis. Thanks

Very interesting inputs...much appreciated! An investor, from my basic knowledge, acquires a dollar 'value' for a penny. Granting the 'value' is based on due diligence (value or technical analysis) at par with or beyond what's shared in "the intelligent investor" by benjamin graham. (Do we have the same yardstick in REI?) Any less diligence "may" be said to be speculation -- 'speculative investor' (which can be an oxymoron). I guess (unrealized) capital growth can be likened to (unrealized) asset/property appreciation, and, dividends, likened to (realized taxable) rent (less mortgage, capex and opex...)? One can probably say appreciation depends on the wildcard valuation of "mr/ms market". I really appreciate the numbers and analysis shared. If one acquires a property by 80% price of ARV... putting in, say, 3.5% or 20% at (current int rate of, say, 4.375%) ... If we don't add appreciation in the equation, what type of rental property investment can cashflow in SF Bay Area? Any other markets/states/cities this can work now?

What are the types of financing available or have you tried? What are the Upside, risk and downside? What best practices or approach to get the most upside, (e.g., tax "free" benefits, etc) and managing risks for each type? Is there any financing type that's best for specific type of REI? What do you recommend as the best financing path to newbies with big dreams?

It seems tough to RE cashflow investing in San Francisco Bay Area. I know, it's not impossible. How are you doing it? What does it take? Do you have wear several hats like pm your property, rehabbing the property by yourself, etc? I'm currently employed and not handy at fixing stuff myself. Thanks much

Thank you all for the warm welcome!

Looking forward to meeting everyone soon