All Forum Posts by: David Zheng

I barely read it and NO. unless shes a billionaire and ready to lose hella money, relationships, and her mind

I get where you could be confused as a first timer but when they say you must live in it as a primary for two years it means you must have title to the property AND live in it as a primary.

Yes while your dad owned it, you were the primary resident but are still considered a renter since only he was on the deed. You should have just co-purchased it with him.

You should probably keep those thoughts to yourself and not on the internet.

amazing write-up. Congrats on the awesome success!

That's a question for yourself. Noone else can dictate the amount of money or time that makes you happy. I mean just ask yourself....are you happy with the lifestyle you live with the amount you make right now? if yes, keep doing it. if no, work harder.

obviously things are going to change drastically when you have a kid but its a simple question to see where youre at

I think Gurus are a waste of money personally. Anything and everything you need to learn in real estate is essentially free. you just need the tenacity to find it. Biggerpockets, youtube, google. What gurus teach isn't wrong, but most of it is common sense or just requires a little bit of reading.

I gross over 750k  in rent a year and no I don't have an RE license, formal training, or any kind of mentor.

if you're dumb enough to fall for bait and switch programs or spend 10k for a motivation weekend session, you deserve to lose that money. good on the guru for capitalizing on something so easy.

So your goal is to rent it out until you sell in the far future? Can you find renters willing to pay $3000-4000/m in your neighborhood?

If you have access to a lot of private money, just take them as a cash partner and explain you want to split profits when you sell.

I cant...I just cant with this question...

you gave 3 numbers and no other details (where, condition, comps, etc)

I'll give you an equally simple answer.

Yes.

good stuff! Congrats on the success