All Forum Posts by: Jeff Bush

Thank you @Stan Sugarman for the feedback!

Afternoon!

I am a newish REI, having only been at this a few years. I currently have 6 SFH, buy-and-hold, long term rentals in the Hinesville area. I am working on my 7th deal with the 8th-12th on my plan for next year. The dilemma I am facing is the risk vs reward of tapping into the equity I have accumulated. In addition, to the 6 rentals, my primary also has a good bit of equity built up. I was debating moving last year, but I put a pause on that until this market cools down. I am sitting on about $100k of equity and debating on what to do as the next financial step. My original plan and strategy was to pile cash reserves every year between the cash flow from the rentals and my contributions from savings. Now I am considering pulling the equity I have accumulated in the properties.

My concern is two-fold. Although I understand the perspective of "dead money" by not touching the earned appreciation, I am a fairly conservative investor. I get reservations tightening my cash flow although I know it's for the long-term gain. Second, I of course have concerns regarding this current market. I worry that some of the appreciation is on paper. It makes me lean towards HELOCs, if I were to do anything with equity. 

I am just looking to see what everyone's perspective is on this. Do you constantly tap your equity to continue to expand your portfolio or go the slower route and let the cash reserves grow to buy deals that way? 

Thanks - Jeff

Hey @Connor Bause! I won't be able to make it tonight under such short notice but would love to attend a meet-up in the near future. I will follow your updates to catch the next one! Thanks for the heads up!

All,

Love the responses! I have sent a connect request to everyone. I will stay involved on this forum and see if we can't get a meetup going eventually. I have a goal to close on two more deals this year outside of the two I am in now. Next year I want to shoot for 5 more deals. However, all of it is metric dependent. My goals are not based around units, doors, or rooftops. I am looking to hit certain cash flow milestones and allowing the business to become self-sustaining without my current career injecting financing into the business. I have put together a 1,3, & 5 year progressive stepping stone goal list but of course as we all know there are a lot of external variables. Sending you all good vibes. 

J

@Gudrun Olafsdottir Hey Gudrun! I have a FT M-F so I currently have a property manager. My current plan is to go to self management around 7-10 properties. 

Afternoon,

I am just getting my feet wet in 'physical' real estate investing and I was looking to reach out through BP to start building a network of like-minded investors in the area. I just closed on my third property a few weeks ago and will be closing on my fourth in three weeks. I am focused on SFH, buy and hold, rentals in the area currently, but keeping an eye on multi-family properties as well. I am just reaching out to see if there are any investors in the area who would like to grab lunch or coffee and build out our networks. I saw that I JUST missed a meetup at the VFW, but any info on future planned meetups would be great. Look forward to hearing back from some folks.

Thanks,

Jeff