All Forum Posts by: Haiden W.

I give you a lot of credit for starting young and making those mistakes early but most importantly learning a lot! Wish I had the brains to do that at 22!

Well said!

1 Vote

Reno, Nevada

I am also new to Real Estate and have been advised to start with a house hack.

Out-of-state is more ideal once you have gained experience. You would want to visit the area you plan to invest in several times and make sure you have found a great team. House Hacking will teach you many lessons that are invaluable and that will help you down the road if you choose to invest out of state later.

2 Votes

San Francisco, California

Quote from @Bruce Woodruff:

Are they good tenants? Do they pay on time? How long is your ROI? Those are questions you need to answer.

Also, just because they finally were raised to market rent (or close to it) does not mean that they deserve a 'present'. They should have been paying more all along, right?

So I would educate them on the fact that they were given a gift for many years, and now that you have finally chosen to raise rents to market (so that you can make the profit that you deserve) they will have to wait for a year so that you can put aside some of your new (and well deserved) rent increase to pay for their nrew floor. Don't just cave right away or they will know that they own you....

Very well said, could not agree more

1 Vote

Seattle, Washington

Does this mean that you can convert a single-family property into a duplex?

0 Votes

Boston, Massachusetts

I am relatively new to real estate investing and my goal is to start with a househack this year and scale my portfolio over time. I am wondering if anyone would recommend any real estate investing courses, podcasts, books, or any other educational material that has helped them in their own career? I am also in university and am curious if real estate or business minor would help me with investing?

Any advice is appreciated!

4 Votes

San Francisco, California

I'm relatively new to Real estate Investing and I would love to become more active in my local community. I am curious if anyone knows of any good real estate meetups in either the East Bay or in the San Jose area? If not in-person meetups or clubs, do you know of great online meetups? I have signed up for several online events through "Meetup", but would love to hear about more!

3 Votes

San Francisco, California

Quote from @John Steffen:

Focus on the highest and best use of a househack. Cash flow very rarely exists in this market, so don't try to fit a square peg in a round hole. Build the equity through appreciation and principal paydown, save on living expenses, hedge against inflation, then leverage that asset to buy your next home or rental property. Rince and Repeat. I wouldn't depend on cash flow these days, but if you are cash flow positive, awesome! Stack your cash reserves!

Very well said!

0 Votes

Baltimore, Maryland

Quote from @Matthew Newsom:

IS it still possible to "retire" off of residential REI?

100% possible. The real estate market is cyclical and sometimes its time to hunker down and somtimes it time to buy, but there are always opportunities.

0 Votes

Baltimore, Maryland

Quote from @Michael Quarles:

Hi Haiden,

are you an agent or do you still need to pass the test and qualify? As an investor neither is needed.

As to how much do you need? Close to zero.
Most sellers want to hold a business card. Vista sells them for 80 bucks.
You need a phone. I would use Voiply for 20 bucks. It’s a VOIP.

You need a car and gas and insurance. You probably have that already.

As to wholesale or hold. The mathematical formula is 5:1. Flip 5 keep 1.

Investing isn’t as linear as some think it is. Jump in and learn what you don’t know to know.

Happy house hunting.

This is very helpful. I agree that investing isn't linear and love the 5:1 flip formula.

0 Votes

San Jose, California

Quote from @Account Closed:

Quote from @Haiden W.:

Hi, My name is Haiden, and I'm looking to purchase my first residential investment property within the year.

I am in University and have my Real Estate License and am planning to work part-time as an Agent once I pass my exam to make connections and to keep learning about my San Jose/Santa Clara Market (plus hopefully increase my income).

I am saving all I make at my current job and am trying to understand at what point I can start looking to buy my first Property.

Do you think I should focus on finding a partnership? What is the Minimum amount of capital I should have before I start looking for a property? Would I have trouble finding a loan? Should I focus on out-of-state investing? Am I better off focusing on doing a flip or wholesaling rather than doing a buy and hold?

I'm relatively new to real estate so any advice or insight means a lot.

Thanks in advance!

I would say 25k gets you in the door to many syndications. Just have to do your research! that research process will give you aton of knowledge that in my opinion makes putting a much larger chunk of money to work more palatable

What is the best way to find a syndication? Is it mainly through networking and events?

0 Votes

San Jose, California

All Forum Posts by: Haiden W.

Haiden W. has started 4 posts and replied 26 times.

Post: House hacking at 22 - What I regret...

Post: House Hacking Bay Area (3.5% down, owner occupied)

Post: Tenant asking to replace floor

Post: Accessory Dwelling Units (ADUs) (<900 SF) to be built by-right

Post: Real estate Education Recomendations?

Post: Best meetups and in person and Onine in the East Bay?

Post: Is house hacking still going to work for people in Gen Z ?

Post: Is house hacking still going to work for people in Gen Z ?

Post: Minimum amout for starter investment?!?

Post: Minimum amout for starter investment?!?