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All Forum Posts by: Edward Suess-Hassman

Edward Suess-Hassman has started 4 posts and replied 5 times.

Looking to get into Real Estate. I've been reading a few books on Bigger Pockets. Looking at possibly picking up "Small and Mighty Real Estate Investor" and " Wealth Without Cash". However, it seems my local area (San Jose / Bay Area) might not be the best as I know most of the win is in the buy. However, there is still so much I don't know. 

Wife won't let us house hack (we have a house, and a daughter). We have some REITs. 

Looking for guidance, networking and a path forward. Thanks!

Post: How to Narrow my Market Search

Edward Suess-HassmanPosted
  • San Jose
  • Posts 5
  • Votes 19
Quote from @Melissa Robbins:

Are you sure you don't want to look out of state?  Your $200K could go far in the midwest. And it's not that hard to manage from a distance. If you want to stay in CA, you might also consider multifamily or commercial syndication in your area if you meet the accreditation requirements. 


 Was originally looking to do the first few properties within driving distance to get a handle on the process before potentially going out of state. 

What vehicles or strategies does everyone recommend to fund their Real Estate Investments? I'm specifically looking to what should I do with the money I am saving? I have a 457 I put money into that I can leverage, but after that where should it go? Brokerage account? High Yield Savings Account? Overfunding a Whole Life Insurance Policy? 

I currently also have a Primary Residence I can do a HELOC on, and some stocks I can loan against. However, I am struggling with how to pay off said loans if I go with those strategies.

Thank You!

Post: How to Narrow my Market Search

Edward Suess-HassmanPosted
  • San Jose
  • Posts 5
  • Votes 19

Hello all!

I am looking to try and buy my first REI property this year. I live in San Jose, California and I would prefer to invest somewhere that is within driving distance (at least for my first few properties). However given my budget (probably ARV of 200k), and the markets physically close to me, I don't know if that is feasible. I am looking to leverage the BRRRR strategy for the properties I want to invest in.

I am looking for any advice on how best to quickly narrow my market search as there are many cities and neighborhoods. My first thought was to look at average cost of housing in each city and start looking for a city that matches up with my budget and go from there.

I appreciate any insight, assistance, and mentorships. I typically pick things up quickly, but I realize experience is the best teacher, so I am trying to lean into the process and start. 

Thank You!

Hello all,

I have read "How to Invest in Real Estate: The Ultimate Beginner's guide to getting started" and just finished "Buy, Rehab, Rent, Refinance, Repeat". Is there another book i should read, or another resource to consume before I dive into starting my REI path?

Thanks so much!

-Eddie