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All Forum Posts by: JT Goulet

JT Goulet has started 1 posts and replied 5 times.

Originally posted by @Jay Hinrichs:
Originally posted by @JT Goulet:
Originally posted by @Jay Hinrichs:
Originally posted by @JT Goulet:

Great question Alex, there has to be a way to make money in this market as opposed to just hoping for appreciation to be the answer.

use your Fha 3% loan to buy a 2 to 4 unit.. live in it a year.. refi if you can then do it again 4 times over 5 or 6 years with 3.5 % down and now you have 16 doors in Portlandia.

Jay, the wife (boss) is a no go on the house hack idea, this is all me on the journey so have to figure it out traditional way unfortunately.  Full disclosure is she is a property manager and is very sure she wants nothing to do with renters but more wants me to learn a lesson by trying it myself!  

well having had hundreds of rentals I can certainly understand and agree with your wifes position on dealing with tenants.

there is a fund in Portlandia that is very secure in my mind they pay 6% you can drive to their office and meet them and you can call the funds in 30 day increments great place to make a little return while your waiting you wont make much more or any more than 6% cash on cash in the rental space these days.. no tax bene's but its something.  

Would you mind messaging me their info, might be a way to make money work while I get the nerve to jump.  Thank you

Originally posted by @Jay Hinrichs:
Originally posted by @JT Goulet:

Great question Alex, there has to be a way to make money in this market as opposed to just hoping for appreciation to be the answer.

use your Fha 3% loan to buy a 2 to 4 unit.. live in it a year.. refi if you can then do it again 4 times over 5 or 6 years with 3.5 % down and now you have 16 doors in Portlandia.

Jay, the wife (boss) is a no go on the house hack idea, this is all me on the journey so have to figure it out traditional way unfortunately.  Full disclosure is she is a property manager and is very sure she wants nothing to do with renters but more wants me to learn a lesson by trying it myself!  

Great question Alex, there has to be a way to make money in this market as opposed to just hoping for appreciation to be the answer.

Thank you for the welcomes!  So i'm not completely off base thinking this market 1% isnt necessarily obtainable and I need to get over that hangup.

Julee, I'm in this on my own, my partner (wife) has pretty high standards for living so the live in model wont be an option unfortunately.  My only "Ace" is my son is back from the military and is looking for a house with no down payment as of yet.  I'm trying to find a way to invest with him as the live in owner but not leave myself on the hook since it would most likely have to be structured as a gift which is a no strings attached  

Good morning all, new to the forums and like the other millions have dreams for a comfortable retirement in a short 20 years.  

I've been listening to the pod casts and reading as time allows and the "rule of thumb" like the 1% theory just seem to be complete pipe dream in this area so I'm in an analysis/paralysis mode.  Currently i have $40K liquid for my first investment and am very hesitant to look out of state on my first venture.

Are there other options locally to at least dip my toe into the investment world or do i just keep socking money away and wait for the market to cool?