All Forum Posts by: Darren Liedtke

Hello BP! Here I am very early in my foray into investing in any way shape or form. Real estate investing is a logical choice for my family. Both my wife and I are currently employees involved in the market. Her on the financial side, myself more on the bricks and mortar side. It seems logical we could use our specific talents to not only our employers advantage, but our own as well. Alas before I ramble on to far let me get to the crux of my post. As sensible, and fairly certain that real estate investing is in my near future, I'm also taking a strong interest in the financial markets. A little swing trade on momentum, possibly advancing to transform into core holdings? Maybe scalp a day trade here or there when the opportunity arises? I understand focus is a key factor towards success. It's better to do one thing extremely well compared to multiple things mediocrely. Still I can't help but feel the draw towards both as investment vehicles. I'm curious how many more successful and further down the path real estate investors are also interested in the financial markets. Do any of you out there do any trading? Maybe a bit of the ole Ben Graham value investments as a way to diversify? What about other investment vehicles? What do ye say BP? Where's the BP stock watch group? What franchise are you going to buy into? Anyone investing in art, or maybe wine? Who doesn't like to have nice things to look at or be able to sample multiple vintages and turn a coin? What do you say BP? What investment vehicles outside of real estate do you partake in?

Perhaps I need to make it to one of these brew city meet ups. Great job.

@Joshua Martin, all very solid points. I whole heartedly agree. Thanks for sharing.

@Michael Henry, Pigsville? Interesting pick. I personally love that neighborhood. The park down by the creek. No foot traffic outside of those that live there. Stadium, close to downtown... I can see it. 

Thanks Marcus Auerbach . I definitely follow what you're saying. Solid advice.

@Michael Henry I'd still love to hear your A; to your own Q; above. 

@Rebecca Knox No business plan as of yet. Very much just building my knowledge base and capital at this point. Paper trading as it were.

I wholeheartedly agree about the schools @Michael Henry. I'm currently paying more than my mortgage on my primary home for private Montessori and daycare. Partially why escaping to the north shore makes sense. Even Nicolette is an improvement.  My guess is I may pay for catholic when high school finally rolls around. 

 That being said there are some interesting changes in mps that may effect certain neighborhoods in the long hall. 

 And @Dawn Anastasi @Michael Henry, I'm now curious how much a good crystal ball costs (; I've been told they are just as accurate as the stock market speculators. Maybe it's the same for real estate.

@William S. No, I totally understand that's the case right now. But that wasn't always in those "trendy" neighborhoods.  For instance, the Bay View I grew up in was drastically different than the one you see today. I'm also guessing things have or will flatten out in Bay View specifically.

 My thought is if you can get in on the next "trendy" neighborhood really low, let it cash flow for the ten or so years until the neighborhood takes off...?

Not that if I decide to get into real estate at all that that would be the only move I'd make. I am currently  only feeling things out. As it stands I may take on a few properties like that. Consider them higher risk investments. Higher risk higher reward. I'd probably also try to hedge some of those bets with safer investments as well. At this point its all theoretical. I'm just paper trading here.

 I mean, those "trendy" neighborhoods are that way now because some would be investor saw the potential there and took the risk. Those condos were once the abandon building covered in graffiti, that tapas bar was once a corner store that sold almost nothing but malt liquor and scratch offs, that $300,000-$500,000 "craftsmen" was once gutted by the squatters who lived there and referred to as a "crack house". haha.

 I guess being a native I wouldn't mind managing a few of those either. Throw this rabbit back in the briar patch.

 C'est la vie.

Um... I actually totally forgot. We ended up doing it under our current lender. We even tried to ... I forget the proper term... We tried to send them the comps we were seeing that more accurately reflected the value etc...  @Rebecca Knox  It's an out of state lender. The crappy part is that it affected our refi through our current lender as well. We did get a lower payment but we wouldn't have even done it outside of a few other factors that made it necessary. Mainly removing my wife's Ex from the mortgage.