All Forum Posts by: Jeremy Goldizen

 I like it! 

 Thank you!! I as well have the same approach.  I currently work full time at a HS where I am a strength coach and have been one for almost 10 years now, so with training athletes  and clients things are always evolving.  I still consider myself a newbie strength coach lol In my opinion, I guess if you get comfortable and stop evolving that’s when mistakes will happen.  My approach as a strength coach won’t differ from my approach in real estate. 

@Jerry Lucker no particular reason and no personal reflection on like myself or anything. Just was curious as to how others view it and wanted to start a discussion on the topic that may not normally come up within the forums. Maybe get some feel thought going by others.

I'd hold onto it, I guess IMO worst case scenario if you're just like screw it I don't want to lose this $40/month anymore... sell it.  You are looking at minimal maintenance it being a town home and it was built in 2011 and values are flying up.  Plus your end game is to sell it in a few years when prices are at their peaks.  

Just a light hearted conversation starter here.... when do/did you consider yourself not a newbie anymore in real estate investing?  Was it after your first, fifth, 20th?  I

I guess if you are starting out and looking out of state I would have someone with eyes on the ground that you could trust. If you don't have that, stay local with where you are familiar with and house hack away. I am newer as well, but have a close friend who is an agent that I have known for 15 years in the market I am looking at out of state. That is the only reason I am even considering it and they will be my eyes on the ground and handling the in person stuff that I can't.

with that +$111/month, is that you taking into account expenses on the property?  You also owned the home so you know what you are looking at with the big capital expenditures (roof, HVAC, etc) I guess at the end of the day it depends on your risk tolerance in my opinion for said property.  I have been looking at the Raleigh Market as well, a good friend of mine is an agent down there and the surrounding areas are exploding.  What is your long term goal with the property? If you do decide to hold onto it with minimal cash flow, I would have plenty in reserves.  

@Mark Allen if it’s me I’m looking at the following, and yes I’m looking at same for our home

1. Market value for home

2. Equity in home and do I have quite a bit of capital to pull out with a cash out refinance for my next rental.

3. Market rents

4. Rentability in my area

5. Where’s my next move to (house hack, downsizing, etc) and do I have the money for DP for that

My opinion, that’s my starting point when I’ll be making my decision and trying to convince the wife lol

@Michael Bussinger have you thought about going to family for DP of the duplex you plan to live in? That’s what I did on my first deal with my dad that I house hacked and was a success. Now we are moving onto bigger projects together. For the other, I know it’s not right now but say family member or friend deposits that money into your account, after 60 days later that’s your money to use for investment properties and no longer a gift.

@Anna Sagatelova thank you Anna!