All Forum Posts by: Cody David

@Wesley I. Howdy SoCalifornian! Love this suggestion, you sparked me to do a little deep dive on mortgage notes investing, and I think I will buy the bigger pockets book. Do you have any experience or recommendations with getting into mortgage notes?

@Alejandro Garcia Thanks for the perspective! This has been really helpful, because a turnkey just seems easy at this time. However, I think that you are right that I need to put in the work to learn and set up for the future.

@Chris Clothier Thank you so much for your feedback and advice! This has been so valuable to me in my real estate journey and your response has prompted me to start attending networking events even though I am not yet an REI. I currently have savings in a diversified stock portfolio, but bigger pockets has convinced me that real estate is the way to go long term.

@Jay Hinrichs Thank you for the response, I really appreciate it! I have been studying like crazy and have just been a little wary of analysis paralysis, so my instinct is to jump in and get started.

@Account Closed  Thank you for your advice and recommendations. I appreciated the point about the control as I got into real estate to have more control over my investments. I am currently based in El Cajon and will look for a FIBI group! Concerning your advice on the 4-plex, I am in Southern California and most multi families seems to go for 800K to 1.2M so it would take a significant amount of time to build up even the down payment. What are your thoughts on starting with a condo and doing a house hack first?

@Sean Rotbart Thanks for the insight! I am in a few REITs, does this qualify as syndication? If so, are you sugesting that I put in more?

TLDR: Student & Employee looking to passively invest 25K by June 2021 for long term (appreciation focused, cashflow unimportant). Currently heavily considering Turnkey investing. A) Should I consider anything else in Real Estate Investing for passive long term? B) Which Turnkey companies should I go with? (Personally I like Doorvest's model) Thank you so much for your help and time!!

Who am I: Hello All, My name is Cody David, I am 20 years old currently going to SDSU (living in San Diego, CA) and employed as a marketing specialist. I would like to better establish my career (keep the main hustle the main hustle). I have been saving up for a long time and investing what I can into the stock market through ETFs, REITs, and REIT ETFs. After listening to Brandon & David, I see that Real Estate is a powerful way to set up a safe future for me and my family. We have never been wealthy and I am doing all that I can to change that. This is my first step (my truck vacuuming I guess) to real estate investing. I just created my account and thought that I would reach out to this wise community for advice.

Numbers: I currently have 25K saved up that is ready to go into Real Estate and my goal is to be invested by June 2021. As a full time student by day, and full time employee by night, I have very limited time to manage a rental property, but I would like to put these savings to good use. I already have an emergency fund and losing this money will not hurt me as my W-2 job will keep me afloat.

Goal: After listening to the podcasts, it seems like turnkey investing would be the best fit for me. However my plan is long term appreciation and I understand that plenty of turnkeys do not give you that appreciation as their main focus (typically) is cashflow. I am open to start the process of looking for a partner who needs funding as that seems passive as well.

 Questions: 

A) Should I consider anything else in Real Estate Investing for passive long term? (Syndication, Real Estate Fund, More REITs, Funding a partner) 

B) Which Turnkey companies should I go with? (If you believe that this is a good fit)

For each and everyone of you, thank you for your time in even reading this post. I understand that your time is important, especially if you are on this website, and I truly appreciate even a simple comment that will contribute towards a better life for my family. Please reach out at anytime.