All Forum Posts by: Rachan M.

Hi @Nicholas L. yes I'm in DC. My goal is to increase cashflow to replace my W2 income, then do REI full time. I'm only 20% of the way there.

I'd like to partner up with someone experienced in fix n flips. I live in DC, there are still houses here that can be flipped and lots of money to be made. My goal is to learn, and am willing to do the legwork.

Please respond or DM me if you'd like to discuss. You don't have to be local.

@Paul V. house prices in DC have gone 3x in the last 10-12 years but rents have not gone up 3x. With the high interest rates, a new SFH investment won't cash flow.

Renting by rooms is good advice - that's what I've been doing for years.

I have a fair bit of equity built up, and am only a quarter of the way to replacing my W2 income with RE income. Can you elaborate on what you mean by 'getting highest Return On Equity'?

So much of RE investing appears to be focused on money making, that we often forget about quality of life. On a 1-5 scale, what has been your experience been as a:

(1) Buy & hold investor (single family house rentals)

(2) Buy & hold investor (multi family rentals)

(3) Fix n Flip investor

(4) Creative finance investor (sub2, lease options, owner finance etc.)

(5) ATM, car wash etc. investor

(6) Commercial investor (feel free to add sub-categories)

(7) Others

So far, I've been a tiny scale (1) investor, my experience has been 4.

Thanks @Jason Piccolo. What's a good resource to learn about ATMs, car washes etc?

Yes, I have purchased investments in the past @Paul V. but then the interest rates were low and they kept dropping for years. This is a different market altogether, or so it seems.

I've generally been a buy and hold investor, but no chance that's working in this market, and certainly not on the east or west coasts.

I've been dabbling in creative financing lately, things @Eliott Elias suggested above, but am new to it and here to learn.

Your question about income vs wealth is a good one too, to find clarity. I'd say, income since I'd like to quit my job and do RE full time.

@Russell Brazil My question wasn't market specific but the platform made me choose a market. I was looking for thoughts and suggestions for what others are trying.

Thank you for your response @Eliott Elias.

Understood. Surely someone out there is making them work; wondering how.

What has been your experience with expired listings? Have you been able to make them work? If so, care to share your wisdom? This is what I have learned so far:

- They don't come with phone numbers, so it's either skip tracing or online searching to locate contact info.

- The contact info found is often inaccurate.

- The accurate phone numbers often have full voice mailboxes.

- Texting these sellers is unlawful, from my understanding.

- Driving to the house is too time consuming.

Looking forward to hearing what has worked for you!

What strategies do you think work in today's market with high interest rates?

I'm finding it difficult to find rental properties that'll cash flow. I'd imagine most buyers can't or won't get a loan right now, since money is so expensive. That should, in theory push rental prices up. Do you see that happening in your neighborhood? At least not enough to cover the increase in mortgage.

I'm dabbling in creative financing (lease options, subject to, owner financing etc.). Any thoughts on how those strategies work in this market?

Thanks in advance!