All Forum Posts by: Harrison Liu

different market has different parameters. in high appreciation market, cash flow will follow and it will surpass the so call high cash low appreciation market big time. cash flow and appreciation goes hand by hand. think about how many years rent doubles on the coast market vs linear market. at the end of the day cash flow is the king for long term buy and hold in any market. appreciation is another story. I am going out on a limb to say the top three markets in the national get the best of the both world cash flow and appreciation. I have experienced that personally myself Seattle market has run up so much and still has a lot more to run compare to California. I used to live in midwest back in the mid 90s. the difference between these two markets are getting wider, not narrower. looking back, moving to Seattle turned out to be the best decision I ever made. even though it was completely work related, had nothing to do with rei at the time.

@Robert Afra when you have consistent appreciation like these three markets LA, SF and San Jose, then it's no longer a gamble it's more like timing the market right. on the other hand if you pay market price buy a turn key in a market where land is cheap and population is in decline and hoping for appreciation that is more like gambling to me because you have no data to bank on.

if you want serious cash flow, multi-family is your answer. single family is mostly appreciation play. that is people start with sfh and eventually will trade equities for cash flow or have both by refinance. so for single family the three markets you mentioned are definitely the best markets. I know there are successful investors who own hundreds of single family and each cash flows like a couple hundred and a lot of them got wiped out from the last crash. I'd rather own a few sfh in high appreciation market than a bunch in low or no appreciation market, like I said the name of the game is appreciation for sfh, cash flow is really icing on the cake. I know I am opening a can of worms here. lol.

Ethical or not, this happens quite a bit. especially in expensive markets where buyers are stretched thin and try to save money. It points a flaw in the system of buying and selling real estate. some day some one will figure out a better way to handle this.

Has the truck been sold? lol. Have you noticed that Omar has stopped posting since he made up his mind? it's pointless and waste of time to continue posting on this thread. @Jack B. a car without air conditioning? seriously? come on you need to spend some money to enjoy life. otherwise what is the point of making all these money? I am a millionaire btw there are lots of millionaires on the coast so it's not a big deal as it used to be. I drive a 2004 sienna van. it's old but in very good shape and it has air conditioning! I would trade in a Tesla someday it that car breaks down. The only reason I am keeping it today is because it runs great, not because I try to save money to invest in real estate. once you have arrived you can have your cake and eat it too. that's the whole reason why I started this rei journey 17 years ago.

give it up already! stop beating the dead horse, the horse will never die. I, for one can understand why he will not get rid of the truck. once you have the lifestyle you want, it's so much pain to give it up. He'd rather get a second job or a third even to keep the truck. that's why first generation immigrants are so successful, they never had any luxury in life so they don't have to face choice like this. I remember hearing a story about Vietnamese refugees opened up their first restaurant and sleep on the floor when restaurant is closed. they use the money made to open two more restaurants and still sleeping on the floor! to them it's not much sacrifice compared to fleeting from the country.

@Janice G. i would not invest in something outside my realm of investment for the first time at the top of the market. to me it's just too much risk.

@Janice G. I am in the same boat as you. I have been listening to life styles on the radio for quite a while. one thing I observed is most of the tell Del stories, if not all of them were happened a few years back when deals were plenty and easy to find. I do believe in market cycles and I think apartment cycles is at the top. To me the risk vs reward is not worth getting into multi-family now. I do believe life style and the other program is worth joining. it's just may be now us not a good time. IMO

I would be interested too. I am flexible on any days of the week but I'd prefer on a east side location around Bellevue.

you've got a master degree in data analysis which is in super high demand with great pay, why do you want to start a job in real estate? with a high paying job in tech industry you can always start invest in real estate on the side. why do you want to get half of paying job in real estate? it doesn't make sense imo.