All Forum Posts by: Ethan M.

Great, thanks.  I look forward to reading it!  

@Mindy Jensen @J Scott does this build on the excellent What Every RE Investor Needs to Know About Economic Cycles ebook that was included with the rehab book bonus package, or is it the same content as that ebook? 

@Andrew Postell that post is exactly the detailed information I was looking for, thank you!!

@James R. yes, good point about not needing to pay interest on a HELOC until the cash is needed.

@Chris Mason funny, when I'm traveling out of the Bay Area now I generally just say I'm from the North Bay Area because I get the same response - everyone thinks I'm from the state of Nevada when I say Novato.

Thanks for the info.  Not sure what you mean by "the difference between a true cash buyer and a "true cash buyer" is where the action is" but I'll keep investigating, though if you have time to elaborate that would be great.

Thanks!

@Eric Veronica thanks for the info, much appreciated.

Would love any input on the best way to pull cash out of a property after paying cash.  We like the ability to move quickly by paying cash but are concerned about having our money tied up.  

@Jeff Rappaport I’m interested in single family (or small multi family) properties in the Salt Lake and/or Boise areas. Are you still active in those areas?

@Sharon Tseung like several other folks on this thread, I’m also in the Bay and am going to be investing out-of-state. We live in Marin and may also covert our guest house into a rental, for a while, to jumpstart our portfolio. Let’s just say dealing with the county to get it up to code has reinforced my desire to buy OOS! I‘m focusing on Boisie, ID and will be visiting there shortly. Like many fast growing areas, they have a lot of newly built multi-family coming onto the market but we still like the the area for the longer term. I‘ve also identified some other areas of interest that we will research in-depth next. Regardling the RE market being overheated in general, I believe that is the case. I‘m ready to buy properties immediately if the numbers make sense but am also prepared to be patient if needed.

My wife and I are interested in diversifying some of the profits from our business through real estate investing.  I've been educating myself for several months, and am ready to make a move, but none of the deals I analyze seem worth the trouble.  I would be very grateful for any advice that experienced investors can offer.

A little more info:

• We're considering investing out of state, as it seems challenging to cash flow here, but also due to the general regulatory (and litigious) climate of CA and especially the Bay Area.
• I understand that there are likely great opportunities within driving distance of the Bay Area and that something local makes sense especially when starting out.  That said, finding these areas has proven challenging.
• We're primarily interested in multi-family properties but have also researched turn key single family properties, vacation rentals, and even mobile home parks.  
• My schedule ranges from fairly flexible to extremely busy.  Most of the time I won't be the person hustling the hardest looking for a great deal as our company (and our family) will stay my primary focus.  This obviously will eliminate certain strategies from consideration.
• If we eventually build a portfolio of several medium to large multi-family properties my wife will assist with the management.
• The multi-family market seems inflated at the moment so we're willing to be patient if needed.  The increased velocity of multi-family appeals to us.  Our medium to long-term goal is to net approximately $12-15k per month.  Making a couple hundred dollars a month on individual single family homes seems like a slower way to go than acquiring 150 "doors" through a few medium size multi-family properties.

Thanks in advance to anyone that takes the time to read this and share any wisdom you have!