All Forum Posts by: Charles Masten

@Aaron W. thank you for your words of encouragement! My partner and I are super excited to jump into real estate as well and with such a great community, like BiggerPockets and people like you and everybody else who took time to respond, I know its only a matter of "when" not "if" we will find success. Love your advice, we have started looking in markets that are appreciating more. We don't wan't to get stuck with analysis paralysis but also want to take our time and do our due diligence and make sure we are confident in the numbers. I know we will make mistakes, but welcome the learning process! As Yoda once said "mistakes the best teachers, are" haha. You're right, one of the many appealing aspects is being able to recover from mistakes by holding over time, thank you so much again! I wish you all the success!

@Michael Ablan that's a great way to put it! Thank you so much. I think that much cash flow is a great goal and totally attainable in REI. I wish you all the best!

@Justin R. thank you for taking the time to respond, very good information. I will definitely be making sure to get the best financing possible to set us up for future financing, something I hadn't thought about. Cheers Justin!

@Chris Ng I appreciate the insight thank you! Unfortunately the SD market just seems a bit too expensive for our budget to break into unless we found a remarkable off market deal, but one day!

@Evan Polaski wow that really puts the big picture into perspective with how different sized properties appreciate. My partner and I are looking for properties that will cash flow at least $200 a month (among other things of course) but keeping an eye on the interest rates is not something I had in mind. Thank you so much for your insight that is really helpful!

@Danny Randazzo gives me something to think about thank you so much for responding! Currently have one partner, but for markets that are much more expensive to get into such as San Francisco, San Diego, and LA; how many partners do you think are too many? For example if I could get 4 like minded individuals who all live in the same area with the same REI goals to go in on a property in one of those areas, is it still a good investment? Splitting 4 ways is not ideal and can come with more risk, but with much higher cash flow and appreciation in areas like those is it worth it in the long run?

@Tucker Cummings what a great idea! Currently finishing up reading Long Distance Real Estate Investing by David Greene and have his BRRRR book slated next. Definitely like the strategy and want to dive deeper into it, looks like a great way to build both! Thank you so much for your time!

@Matt R. I hear you. Rookie mistake by me trying to separate the two, but thats why I'm here! I think we looked at our budget and completely threw out looking in our own backyard due to how expensive it is, but now I think we need to look at creative ways to try and get into the market through various was of financing that works with our budget and fits our criteria. Thank you so much for your input, appreciate you! 

@Brandon Goldsmith definitely! I think being flexible with our strategy and focusing on the type of deal we are looking at is such great advice! Thank you for your insight it means a lot! I'll have to get together with my partner and analyze a few different deals and see which deal works best for which strategy. Cheers to you! :D 

@Twana Rasoul thank you so much for taking the time to reply! Appreciate your insight! You're right, more doors/roofs is a double edged sword and I should be looking at both equity and cash flow being equally attainable. I thought areas such as San Diego, San Francisco, and LA were closed off to us due to how much it costs to get into the market here but I think I need to start taking a deeper dive into my own backyard! All of you who have responded are rock stars thank you!