All Forum Posts by: Harrison Liu

@Gianluca B. what podcast if you don't mind sharing here? thank you very much for starting this thread, being following and learned a lot!

Let's be real. all these "expert" has some luck to be successful. If Del Walmsley starts brand new today, he will not be nearly as successful as he is now. If you do what you did two years ago. Your number will be very different I bet. I have over $2.5 mil in net worth because the Seattle market has been up tremendously. I consider myself to be very lucky because I bought early and I did not read any rei books.

@David Faulkner As I understand it @Michael Swan is doing value add in commercial just like brrrr in residential. It works like magic if you can find right property and market is in a uptrend. He bought it early (relative speaking) and he did add value e.g. fixed up, increased rent plus market has been gone up since so it worked great. You are correct ultimately market will decide the value of a property be it sfh or multi-family. So when the market turns, this will not work if you buy at the top of the market. that's the 30k feet view, noi, cap rate all follow with the market.

@Michael Swan that's fantastic that you did it yourself! You were looking for a mentor, now you become a mentor! Do you mind if I give you a call sometime in the future? I know apartments is the way to go but I need to find the map to get there.

@Michael Swan that's odd. I remembered you were on LU radio once and they helped you did 1031 exchange, so you are saying you did it yourself not through them? How did you find all these apartments all at once? I have been following LU for a long time 'cause I believe they are the only legit company out there selling multi-family programs and I am pretty sure they helped you to purchase all your multi-family in Ohio.

@Michael Swan First congrats on making the right decision at right time. You didn't mention lifestyle unlimited, are you still working with them? You did 1031 exchange in 2015 if I remember correctly. Now multi-family are way more expensive, I don't think your success can be duplicated in today's market. even LU admitted the apartment market is peaking. I'd caution anyone who try to follow your success to be extremely careful. The market is not on your side like 2 years ago.

It seems a niche area where you can make some good money. How many zombies left today after years from the recovery?

We just became a superhost in less than 2 and a half months. I think location and neighborhood has a lot to do with it. ours is 5 minutes drive to space needle. it's one of the best neighborhood in Seattle. I also have properties in the "C" neighborhood, I would never ever to do airbnb on those I know it will fail from the get go, unless you are in a really pricey place then ghetto might work, because people are priced out of other neighborhoods.

I just started airbnb this summer. I think you are doomed by the unsafe neighborhood. if guests can not feel safe walk out in the nights. what do you expect? people spends a lot of money traveling and they don't feel their money's worth if they don't feel safe, let alone enjoyment. You will have a different experience maybe in a few years when neighborhood transitions to a safer place.

first off congrats for hitting a home run. second why didn't you keep it for long term hold. was doing a brrrr possible?