All Forum Posts by: Harrison Liu

invest in SFH for appreciation, invest in multi-family for cash flow. That's how Swany did it, if his condos in Ohio not in San Diego, he couldn't later 1031 into apartments. the difficulty is to convert dead equity to cash flow. Swany timed it perfectly.

this data is new office space only, it doesn't include any other stuff. the number two is Dallas has 2.6 mil. seattle and Dallas make up more than half of the new office space nationwide. it directly correlates to the strong appreciation of these two markets. the added benefit is the geological constraints that Seattle has. the upside of crappy weather in Seattle is we will never run out of water.

I just read an article in PSBJ in the first half of this year, the absorbsion of new office space here is 2.9 million sqft which accounts for more than one third of new office space nationwide. what is more impressive is the request for new space is 7.3 mil so if everything goes as planned we are only halfway through. one new office job will add 3 to 4 service jobs. so think about how many new jobs will be added in the future. compare to Seattle, the new office space absorbsion in San Francisco is only 255k sqft. that explains the stall of appreciation in that market.

if it's a great deal, why not go with local bank for now. you always refi later to non recourse.

Do you know if they will ever come to Seattle? I will sign up for PIG membership if they do.

that was 20 years ago. even back then $180k to get into commercial in ca was pretty cheap. today you can't even buy a duplex. lol. if you buy right, residential can build up equity very fast as well, just look at the market here for the last few years.

@Mark Weinmann consider yourself lucky. a lots of newbies had to pay a lot for trial and errors because they have to figure out the map themselves instead of being held by a mentor. I got started the same way you did that was 16 years ago, bigger pocket did not exist back then but I had a mentor helped me to buy my 6 units. rei is a get rich slow game, you need to be patient. you are in the early stage of growing wealth. it takes time and effort to grow equity to eventually get into commercial property. it took your mentor 20 to own commercial property. I am sure he did not own it from year 2. it's like growing apples you will know when it's ripe for picking. time will come when you know you are ready for the next level of rei until then keep buying those 4plex.

@Alex Young if you had all these jobs as you claimed and you live in a car, how come you only have $1000 to open an account? where did all these money you make go? unless there is something else you didn't care to share on the thread and you had a goal to do rei someday and you know rei requires quite substantial amount of capital to get started and after all these menial jobs you have nothing to show for? it's just doesn't add up.

@Cody L. Do you have a lot of turn overs in c properties in c neighborhood? if so wouldn't that eat up a lot of your cash flow? so on paper you may have a lot of cashflow but the quality of these cash flow is questionable?

@Jeff Filali said it all. find the job you hate the most and stick to it. that's what grind is all about. if you can handle the toughest job and not quit, you will have a steady, dependable income that you can taking the rest steps he outlined. you are in so cal, think about the people crossed board without legal papers and doesn't speak English, if they can survive and even sending money home. you sure can. the problem is not them, the problem is you! you need get up and fight for your own destiny.