All Forum Posts by: Eric Shaver

Hey everyone! I've been a long-time listener and intrigued by all the different ways to make money in the real estate world. I live in Bend, OR, and am just finishing up a cash-out refi. Our property values are absolutely through the roof. The question is, do I take out cash or not, and if so what do I do with it?

Option 1: Take out cash and purchase a friend's property off-market. Priced fairly high, but just remodeled and in a desirable long-term location. Low cash flow, but EXCELLENT location. Would need to live in it for a while, but would turn into an Airbnb with the possibility to increase cash flow. 

Option 2: Take out cash and purchase a property in a less desirable, but reliable area. Lower price, possibly better cash flow simply due to price/rent. Long-term rental. Would need to move into it as well. 

Option 3: Take out cash and buy 1-2 properties out of state. Much lower leverage could even buy 1 cash or 2 with half down. Seems riskier though.

Option 4: Take out cash, build on it for a year or two and look for a deal in the meantime.

Optoin 5: Don't take out cash, keep my mortgage to an absolute minimum and save for 1-2 years for the next property. 

I've worked this from every angle and it seems like they all make sense in their own way. The tough part is, our market is very inflated right now. I just can't decide what the smartest option is. Any advice would be appreciated!

Sounds great, I'll be there a little late!

Hey everyone,

I would love to go to the next one, is there a way to sign up @Grayson Graham? 

Also, as a fall back, the company I work for has the ability to host a pretty big group. We have tables, chairs, microphones, just about everything. We've hosted all kinds of groups before so I'm sure it wouldn't be a problem. It's located close to 97 on the north side of Bend. If for some reason the other locations don't work out, let me know and I can help get it set up.

Thanks Trexie, glad to be here! @Trexie E.

Hey everyone! 

My name is Eric Shaver and I can't wait to start getting connected here on Bigger Pockets. My best friend told me about the podcast a couple weeks ago and I've been powering through them since. I am two years into my career as a luxury RV salesman here in Bend and I am just beginning to pursue my longtime interest in real estate. Bigger Pockets seems like the perfect place to network and gain some knowledge about making my first deal. I am 24 years old and plan on investing to create enough passive income to make a good living and travel the world with my soon-to-be wife, Tera. 

For the time being, we are learning and analyzing the local market. I enrolled in a local real estate investment class and am soaking up all the knowledge I can from the BP resources. I would love to make our first deal happen within the year! 

Thanks for the read!