All Forum Posts by: Bennet Sebastian

 Valid points Bennet.  I'd love to stay in my area (NY/NJ) but my budget says otherwise!

let me ask you this, bennet. did you know all that you know now, when you were 5, or 10? no, but you learned and you grew in that field and you seem to be somewhat of an expert. at some point in your life, you were where you are now and you chose to travel down the path that you are on. that path lead you to things and knowledge that you never imagined when you were at the crossroads. you now find yourself at another crossroad. can you imagine the knowledge you may be facing if you follow yet another path??? sure, at this point, you know little of the path you want to follow, but you knew little of the previous path you followed. you have nothing to fear, you have been where you are now, before, and look how far you have come. choose another direction, follow another path, and enjoy the ride. its gonna have its ups and downs like any other ride, but you made it before, you will make it again. doing 2 houses a week is a bit of a stretch and  think thats something that happens a lot less than people want to tell you, but you can make decent money at real estate, in any level you choose. i say go for it, you have the knowledge. i believe you can overcome any hurtle you come across.

Interesting question, not sure if I can answer but will share my personal perspective. 

As a commercial contractor myself for the last 20 years I have seen ups and downs in every sector of the construction markets. Over the years it seems that one type of property is hot and another is dead cold. Right now the MF market is at its peak and will soon cool off in my opinion. The healthcare markets in construction continue to be steady and I expect them to stay that way for years to come.

With all that said, I focus my investments on SFH's as the basis is the rental rates and not construction or money based markets. As a matter of fact, when the economy retracts a bit the rental markets go up a bit. When the economy is in a true growth mode everyone can afford a McMansion and rental markets become a bit more competitive. All in all the SFH rental market has been very steady for me over the years.

I have been becoming more and more involved in SFH buy and hold as I have needed more things to focus on. The construction business is steady and busy and does not need me on a daily basis. So looking for alternative time investment opportunities, REI was the obvious choice. Currently I am reading and learning more and more about Multi Family and will dip my toes in that soon. Good luck to you and am interested in where you go with this.

You have qualifying guidelines. Stay true to them. If you can, and want to - refine them. But, don't look at others. Play your game. The jury is very much out on people buying 2 houses per week...:)