All Forum Posts by: Kaz M.

Welcome Scott. I am also catching up on the podcasts. I am on 109 now. They are full of good info.

@Haseeb Awan you are too modest. 

@Chris Mason thank you for the info on the new lending guidelines. I didn't know you can borrow up to 95% LTV. That's getting close to no money down. Should I be scared of another crash lol. I also didn't know that residents in Piedmont pay additional tax for school. That is crazy. I was also looking into Castro Valley since they seem to have good schools and prices aren't as high.

@Leslie Pappas thank you for shedding some light from a investment advisor POV. Very insightful. I would like to use RE to diversify my portfolio and to supplement my income. Seeing the market go up as it has in the last couple years is alarming. I'm not sure if it is sustainable. So I want to educate myself as much as possible so when the opportunity presents itself I can jump in it. Also do you know any where I can find more info about the institutional grade investment projects? It sounds very interesting. 

I would say cut your expenses down to the bare minimum and pay off the student debt. That is an easy 6.8% return on your money. If there was any investment that yielded a guaranteed 6.8% I will be all over it but that's just me.

Welcome Jacob. A good place to start is the Ultimate Beginners Guide to Real Estate in BP. It is free and will give you a good overview. Also the podcast is a wonderful source of info. You can learn about all the creative financing and almost no money down strategy among other things. 10k is a lot of money so use it wisely.

Welcome to the forum! I believe the general rule is to invest the money if you can get a higher return than the interest of the debt. For example: If you can borrow at 3% and use that money to make a 7% return on investment then investing will make sense. But if you are borrowing at a high rate on CC, say 15% then paying that high interest debt will make sense since there aren't many investment with a guarantee return of over 15%.

@Haseeb Awan Thank you. I can't imagine how difficult it must have been starting up a tech company. Will look forward to connect with you.

@Chris Mason Thank you. With all the warm welcomes I am getting, I can wait to actually meet you guys. Thanks for the Piedmont suggestion. You are not kidding about the premium. The lowest price home was 848k 3bd/2. If at all possible, I would like to keep the price of the primary residence low so I have more to invest (unless its a MF that I will be house hacking). Is this thinking correct?

Thanks Mark. I am on podcast103. It's really nice to be able hear interviews of people making a successful business. But there is a common theme that I got from listening to them so far. You need to actually get the courage to take your first step. Don't be afraid of failures since successful people also fail but get back up and do it all over again. Quitting is the only time you fail.

Does anyone know if there any good meet ups near by with no up sale and more for networking? I have never been to any RE meet ups so I am looking forward to meeting some real live people in the community.

Patrick Boutin if it cash flows and if it is an area of growth (potential of appreciation) I will probably hold for the long term. But this will be assuming that the new job will not be too far or else it will need some PM to take care of the property.

@Patrick Boutin Some option I would consider:

-Rent it out assuming it will cash flow

-Sell if it does not cash flow and hopefully it was have equity by the time you sell

Even it has potential of appreciation, if it doesn't cash flow, it might better to cut the loss and sell instead of betting on appreciation. This might be a tougher decision if you are underwater.

Are you considering a home with a long commute? The bay area commute anywhere is looking worse and worse.