All Forum Posts by: Caitlin Logue

Hey @Erik Heldt! Here's my 2c:

Since you are an airline pilot and will be away for work half of the time, that is something to consider. For real estate strategies such as house hacking or even buying and rehabbing, those require you to be physically close to where the project or renter's will be. Will you be able to manage the projects or tenants when (not if) things go wrong and require your immediate attention? House hacking, for example, is a great start to get into real estate and to cover all of your expenses. But just be aware you will be sharing a space with someone and not being home all the time to monitor the house opens yourself up to potential risks and liabilities.

Another option to get into real estate is to consider passive real estate investments. They require less time from you and could be an option given where you are at in life. You can literally start that today if you wanted.

I agree with you! I left my Saas Sales career behind to move into real estate. I believe RE is a great option, you just have to shift with the market and look different avenues in RE. 

Is single family home rentals as profitable as it was post 2008 crash to around 2020? Probably not. It depends on where you live and what your RE goals are. Despite current macro and micro environments, I'm bullish on real estate. It's cyclical, yes for sure and it's important to ride out the cycles. For me right now, I am looking at investing in multi-family investment funds. Anyone else looking at passive or MF?

Super awesome you are making the move into investing! I also did the same this year and I have been learning about key metrics, different investing avenues, and educating myself on what type of returns I am looking for.

In addition to investing in single family homes or a duplex or triplex and renting those out, there is a movement towards passive investing that I am seeing. BP did a great webinar on how to evaluate markets and a couple key things you want to look for are population (is the area growing? declining) and unemployment rates (you don't want an area with high unemployment). Each market is going to be different with laws. I live in Colorado and recent legislation has been tenant friendly, making it a challenge for landlords come time the lease ends.

You can use a spreadsheet to track, but it is very inefficient. You need software that does the work for you and that can also easily run different financial scenarios. I recommend ROE should be top of mind when evaluating the numbers.

Been thinking about this question a lot as I work with many real estate investors and I plan to be one myself. Let the fun begin!

Awesome you are getting into real estate! YAY! 

Definitely consider a property in your area if it's your first one. HOWEVER! Demographics are really important when considering a house to buy. Ideally, you want a stable and/or growing population and low unemployment. Also have an understanding of housing demand versus supply for houses and apartment rents (I wish I considered those factors when buying my first home).

Also, make sure you understand debt financing and you spending time modeling out your costs. 

What are your long terms goals with the property? Do you want to keep them while you are overseas?

To make an informed decision to buy, sell or refi one key metric is to look at the return on equity (ROE) of your investments. The NC house and CA house have really good interest rates that you won't see for a while. However, insurance expenses in CA aren't going down anytime soon so that could affect your profit margin.

Where is your property located?

I would run more numbers to make that decision. Look at return on equity (ROE) and see if it's where you want to be. If you have a buy and hold strategy, it makes sense to keep and invest in. However, I don't know how leveraged the property and that's a big determining factor. 

I would agree with Jason. A 1031 exchange is a great option, but only under certain conditions if you end up making money.

If the property is performing poorly, it makes sense to sell and put your funds elsewhere, unless you have a buy and hold strategy and you are okay with riding things out for a bit.

Single family home rentals aren't what they used to be in terms of profitability. I am seeing many investors dump their poor performing properties and look into other avenues of investing.

Hi guys! My name is Caitlin and I am based out of the Denver, CO. I am in the process of getting my license. I am looking to focus on commercial real estate with a long term goal of real estate investing in multi- family property. Does anyone have any recommendations for brokerage firms that focus on commercial and who are investor friendly? Or brokerage firms where brokers are investors themselves or have an investment arm of the business?

Also open to strategies/tips/tactical advice for a new commercial agent with a Saas sales background :)

Thank you ALL!