All Forum Posts by: Benjamin Boyle

@Vincent Trujillo I really appreciate the additional strategy. I have definitely thought that a more passive approach could be better. Though with my relative lack of experience I doubt partnering or notes are a wise option at this point. I wasn't aware that fractinal was a thing in real estate but it seems obvious now that you mention it.

@Wale Lawal That is an excellent point about regulation. I guess it is a fairly big risk assuming it won't change from how it is now. I know they've already added a lot of regulations, but there could always be more.

Is management and maintenance something that can be established before hand? I guess that is just networking. Not sure how receptive they will be without anything in place yet.

@Greg Weik I do wonder about underestimating the level of deterrent having stranger living in the backyard.

So you are basically saying that for longterm wealth $1M in equity in SFR is better than the equivalent in small multifamily (assuming similar leverage)? But I assume the multifamily has a better cash flow?

@Peter W. Thanks for emphasizing learning the ropes. I am thinking a duplex house hack well under my budget might be good idea. Simply to learn. Like you said, I am probably underestimating the learning curve.

I am a little older and already have a coast FI amount in a rollover IRA. So I am already weighted pretty heavily toward stock investment. Actually looking to diversify into real estate with this approach.

@Peter W. Thanks for emphasizing learning the ropes. I am thinking a duplex house hack well under my budget might be good idea. Simply to learn. Like you said, I am probably underestimating the learning curve.

I am a little older and already have a coast FI amount in a rollover IRA. So I am already weighted pretty heavily toward stock investment. Actually looking to diversify into real estate with this approach.

@Lu Kang Your quote "you don't know your threshold of being a landlord, until you become a landlord", is what I think about a lot. I think should I go straight for the 4-plex, or just try a duplex to start.

And yes, I consider "just another year" at 4%. But then will that turn in to 5 year :/

@Robert Ellis Thanks for the reply. I think it would be amazing to go the development route, if I were to go all in. However with my lack of time and experience, it likely isn't the route for me at this time.

@Becca F. Still working on it but I think we may be targeting something in the $1M range. The layoff concerns are mine, just because they have been steadily happening around me over the last 2 years. Ideally we will be saving $100k additional per year beyond the $80k (assuming no layoffs). Thanks for the advice on planning for worst case, I imagine that would be to have the cashflow and a decent reserve.

@Jeff White 8 in 7 years?! That is incredible dedication.

I was thinking 2-4 units closer to downtown. Maybe south/west of Sloan's lake area. It is interesting to me when looking on Zillow how things seem to be selling for much less than what they are actually listed for lately.

I would be totally fine with a 4-plex in Arvada/Westminster. I am stil just learning all the areas, but I figure I can live almost anywhere especially if it is only temporary. As long as my wife feels safe there. But location isn't as big of a deal as the longer term strategy of fewer nicer places.

@Marcus R. All definitely true. I realize the income is my greatest wealth building tool now. I am trying not to squander the opportunity. Thanks for the suggestions, I am considering both.