All Forum Posts by: Brian Singh

Yes, if you married with kids and have your Own house and love bay area . You are not moving.

Not sure what the % make of that profile is. But I would say 25% of the people are definitely moving.

Originally posted by @Barry Wang:

Well said. People don't just live to work, they also live to live. 

Originally posted by @Joe P.:

Just because folks can work REMOTELY doesn't mean and doesn't correlate to people MOVING.

If you work for a tech company in the Valley, for example, and they pay you commensurate with experience and in-line with your local costs, and you like where you live, why would you move? You would work remotely from where you are.

Some people may move, for sure, but moving is not a small feat. I couldn't put a number on the percentage of what it might be, but I'd be surprised if its anything higher than 10%.

I've been able to work remotely (thankfully!) for the past 6 years. Guess where I've done it...in the place I've called home for 10 years. I'm not moving. I have roots here, my wife has family nearby, and we are mostly satisfied with our neighborhood.

I think this is a GOOD thing for investors. High demand areas will continue to be high demand and homeowners/renters will seek to make their homes even more important aspects of their lives. It is incumbent upon us as investors, landlords, property managers, et al, to continue to provide quality housing for these folks.

Curious. Would you not pay PMI on a conventional loan too since it's below 20%.

From my understanding , the FHA PMI never goes away even after LTV is over 20%.
Conventional its goes away after LTV is 20% and above.

@Satyam Mistry . I am not an seasoned RE investor like you, I am just starting out. But I have a great mentor here who got me going. He has over 500 doors.

I asked him kind of the same question you are asking and he said , its not the number of units to keep your eye on but what are you trying to accomplish .

My first goal is to replace my day job income , so for me I need 10 rentals.  Once I do that I may find a new goal.

Since you are an expert in your area and have a good portfolio. The question is what is your goal and then you will know how many units you need and what you need to change in your business.

Hope this Helps

Lawrence. If you making 100K in SF as a IC3 coder and move to Montana you will be paid 90K . Its not going to be 70K. Just understand the tech companies want us to move. It better for them, they not going to penalize you for it.

I checked with my manager and HR, if manager says you are good and can work remtely, you can move. The following are on the list that I know of

1. Sales

2. Marketing

3. Coders( Dev , full stack, back end)

4. Finance and Ops

5. Network security engineers

So most people have done the math and we all the coming ahead. Taxes if we move to texas or cost of living if we move to midwest.
#Calexit is real

Thanks Tim and Nick. Good to see I am in the right direction. 
The main reason , I am looking to Indy is my kid brother is going to Univ of Indiana , so I will be in the area lot for next 3 years. So made sense to pick that.

Kansas, Menphis, philly etc are better cash flow but its just easier for me with Indy.

@Satyam Mistry where are you investing all in Omaha ?

I am looking to invest in B to C+ Neighborhoods in Indianapolis for rental income  . After some research I have zeroed in on southern part of the City below the loop.

What do you think of these zip codes in south of Indianapolis .

Targeting SFH 3Br . Looking to narrow it down to 2-3 and make it my base. Invest in those zips only.

46113 Camby

46143 Greenwood

46158 Mooresville

46217 Indianapolis

46221 Indianapolis

46227 Indianapolis

Plan to go live in the area for a month and get the feel of the area and build out the team.

Thanks

Brian

I know a few  of those people who are told they can work from anywhere.
This is not scientific , just talking to around 20 or so friends here in the valley

40% go back home - Mostly midwest

20% - Texas

20% - Nearby states (Nevada, Oregon, Phoenix etc)

10% - CA other cities, (San Diago is high on the list)

10%- In bay area but out of SF, Expensive areas.

I am guess real estate prices will fall hard next year. 

How long do you have to live in an owner occupied house before you can make it a rental ? For the bank point of view, not condo rules .

Live where you want. Invest where it make sense. 

This is from my experience as a backpacker who been to 30 countries in my 20's
I have lived in Singapore, Tokyo, New York, Portland, LA, Bay Area now.
I invest in Midwest and Las Vegas. Will I live there and have a family .. no way.. not my place as I can't get the jobs I work in.