All Forum Posts by: Jason Rhine

Thank you Aaron, I may have to look at some books. Have you read any that you would suggest?

I am so new to REI that I don't even own a rental property yet. However, I feel as passionate about it as my wife does about pottery; with that said, I feel that it is time for me to exercise what I'm learning so that I am ready to take advantage of that first opportunity when it arises.

As of now, I am deployed but anxious to be home soon. Before driving around my local neighborhoods and practicing valuation techniques on local properties, I want to practice such techniques on my own VA-guarantee financed home that I bought last year; I'm going to pretend that I'm about to put the property up for rent and make a cash flow prediction.

For my question, would it be wise for me to get my personal property appraised? I do not trust the online appraisal estimates from sources such as Zillow. If you do recommend an appraisal for accuracy, what's the best way to find an appraiser? If not, is there a reasonable alternative? Or is an SFH valuation even relevant to an SFR valuation?

Thank you all in advance for your valued opinions and input.

How did you come in contact with this appraiser? I financed my own first home last year with a VA guaranteed loan. I could be wrong, but I'm pretty sure your lender would have been the one to hire the appraiser; have you contacted them?

Glenn, I would be interested in attending such a meeting.

Congratulations Phil.

How did you find your lender? Am I to understand that you had no down payment on the principal?

Andrea, thank you but apparently that function will not work on my tablet. This is quite unfortunate.

Hi Doug, I am just getting into this as well. I am 25 and I definitely agree that your cash could be put to better use in real estate, although I must admit I can't have a professional opinion. I can tell you what I have chosen and why. Hopefully this will help.

I am focused on small multi-family homes. Now, I don't know whether Canada is different, but most lenders like 20% down on investment properties. However as I understand things, you could purchase a multi-family with a significantly smaller interest rate and down payment if you intend to occupy one of the spaces. This would give you excellent leverage since your tenants would be paying your mortgage and then some. Free living. Feasibly, you could quickly get your return and reinvest it in your next property.

I must agree with that voice in the back of your head. Spending $25k on a car that will not appreciate or provide cash flow is a silly option compared to making that same money work for you so that you can achieve financial freedom with no one to ultimately answer to but yourself.

Good luck in your endeavors.

Apparently I also do not know how to tag people that I'm responding to with "@". Could anyone please help me out?

Thank you all for the welcome, everybody seems as eager as I am to network and meet people.

Andrea M. and Harry M., I am definitely focused on buy and hold. Even more specifically, I am targeting multiplexes, although I doubt that I would turn my nose up from a good deal single family home.

Hans Restuccia, am I to understand that you are looking to provide hard money loans? Forgive my ignorance, but today is the first time I even heard about this concept. I am afraid I don't fully understand it; could you please give me an example or an easy explanation?

Thank you Marco and Paul. I have only been a member for minutes and I'm already meeting interesting people; this is quite exciting to me!