All Forum Posts by: Caraleigh Thomas

Hi Dan H. I have 3 kids and a husband. We need space! The kids are young and need to spread out....I need them to spread out away from me! 😆🤯 So a smaller place than what we have currently is NOT an option. I KNOW SFR are not the smartest investment, but if I’m able to keep my current house and pull out 90% of the equity to do with it as I please, than there’s no point in me getting rid of it. It’s a perfect rental in a perfect location! Very desirable to military families and EXCELLENT schools! Do you think it would be better for me to invest in a REIT? My CPA best friend is telling me to go in that direction. But she’s uber cautious and conservative but I’m not. I’m will to take risk. The multi family seems like a hard thing to do. Where would I get the money?!?! Not sure I wanna trust a stranger to invest with. I need /want to make some quick cash for reserves, any ideas?

@brentcoombs, hi, to answer your question about why not sell my primary...well, because I could get some great rent from it. It would also be my first true “rental property” and I wouldn’t have to work that hard to achieve that awesome status😂! I could make $1000-$1200, cash flow each month. Plus the values keep going up and up in our area! Do you think that this is a good enough reason to keep the property? Thank you for your feed back.

Wow!!! Thanks for the feed back everyone!! What a blessing you are! To answer ALL of you in a nutshell, my dream would be to get a 4-plex, do some lite fix up and rent it out; make nice cash flow. I started to go in that direction, but what stopped me in my tracks was that as an investment property I’d have to put 25% down and most decent multiplex units are $800K minimum in SD!!! I don’t currently have any investor prospects to go to, nor does that make me feel very comfortable. It’s a space I’m afraid of, but where my heart really desires to go, because I KNOW that that’s where the money’s at..not in SFR. I’m not sure turned by my money over to other people to handle it for me is smart either. So that’s what I started going where it feels more leuke warm 😆 SFR. BUT THATS NOT TRUE INVESTING IN MY BOOK! It’s a cowardly approach, I don’t wanna be a coward. I guess I just need to keep learning, but what if while I’m learning I miss opportunities and interest rates go up and house prices skyrocket even more! 🤯 I don’t wanna say bye bye to my 💸. But I really think I should just go for the multiplex, and stop trying to be a wannabe OC Housewife with my big fancy walk in closet! 🤭😆 j/k not j/k!

Hi. I live in San Diego and the cost of living here is insane. I’ve listened to BP, Grant Cardone, Phil Pusteovsky, and so on; and I’ve come away with great advice. BUT, everyone is so different in their advice for the newbie. In a lot of ways, not most ways....but my question and concerns are about my start out strategy. I’m a 42 year old stay at home mom, my husband works hard and travels a ton. I have 3 great kids. I thought, ok, do I start out trying to get the 16+ apt unit and get other investors in on it; or do I start with a duplex or 4-plex? OR, do I do what makes me FEEL more comfortable because it’s familiar; and rent out my house, buy a bigger more expensive house that has potential to rent out a little casita that’s attached to the house for added income? What’s your advice?? I’ve got about $145K cash to work with.