All Forum Posts by: Kazumi Boyd

 If you got a good deal and the numbers workout.. No not at all.. The real big investors or investors that are comfortable in any market are the ones that still do deals. Make sure you know it's a deal even in a bad market or go direct to a mentor that can help you confirm that it's a deal. 

 Should you proceed with looking?  Yes & No.  Regarding no- I'd encourage you to study the market more.  There's more to Real Estate than single-family home rentals in Oregon.  You can explore multifamilies, commercial, and syndications,....  Although I have not been to Oregon I imagine there are Single family homes available for less than $450K in the state of Oregon.  I put State in bold I imagine Oregon has many different submarkets where there may be opportunities for much less than $450K. Note:  $450K is most likely the move-in ready owner-occupant homes and maybe you should be targeting homes that are not move-in ready and need improvements.

Regarding Yes- In my opinion trying to time the market is a fool's game. With the exception of flipping single-family homes, we've always considered the market a long-term play.  Long-term for us means making our expected returns in 5 years or less.  Also when we invest we try not to rely on one exit strategy. So yes- invest for the long term.

Regarding the 2008 crash & the upcoming elections- You should create a business that is not dependent on who's in office or can quickly pivot no matter who is in office.  Waiting to see who's going to be elected means you'll always be waiting.

I’m looking for rental property. Thank you,Crystal!

 Should you proceed with looking?  Yes & No.  Regarding no- I'd encourage you to study the market more.  There's more to Real Estate than single-family home rentals in Oregon.  You can explore multifamilies, commercial, and syndications,....  Although I have not been to Oregon I imagine there are Single family homes available for less than $450K in the state of Oregon.  I put State in bold I imagine Oregon has many different submarkets where there may be opportunities for much less than $450K. Note:  $450K is most likely the move-in ready owner-occupant homes and maybe you should be targeting homes that are not move-in ready and need improvements.

Regarding Yes- In my opinion trying to time the market is a fool's game. With the exception of flipping single-family homes, we've always considered the market a long-term play.  Long-term for us means making our expected returns in 5 years or less.  Also when we invest we try not to rely on one exit strategy. So yes- invest for the long term.

Regarding the 2008 crash & the upcoming elections- You should create a business that is not dependent on who's in office or can quickly pivot no matter who is in office.  Waiting to see who's going to be elected means you'll always be waiting.

I’m looking for rental property. Thank you for Crystal!

It's never a bad time to invest. The good thing about real estate investing is the Math is the Math. So when you run numbers a positive return is a YES and you should invest. Because that is only 1 reason to invest. The reasons for investing are much more than just cashflow, that is 1 tiny tiny part. 

1. You invest because your money sitting in a bank is loosing $ every year bc inflation is high and your dollar is going down in value. 

2. You invest because they are not making any more land.... so land always goes up in value

3. You invest for tax benefits - the ones that the wealthiest people in this country created 

3. And you invest because the tenant is basically buying you a free house........ and you get all the benefits. 

4. There is a reason the wealthy are wealthy. They created the rules. 

5. Money is cheap... even at 7%... borrow that money and invest!!! 

Best of luck!

@Kazumi Boyd

Thank you, Pierre!

Everyone says cant time the market

Everyone says its always a good time to invest in real estate

I think those are true… but I also get that until you are at a deal flow of a certain level, you dont have enough ammunition to “take shots” at a regular pace… and if you dont really have a regular pace… or if you have ONE bullet for a year or maybe 3 or more years…. How should you use that bullet? Its like in the wild… do I use the bullet to kill a bear charging at me, which might be never? Or do I use it to take down some elk and eat well? Or do I save it and try to hunt with a bow and traps?

I don’t have YOUR answer… but my answer as I had thought about this… keep moving forward. You cannot predict what ill happen, but you (me) should always do one of two things… take action… or prepare to take really good action. Theres not as much glory in the preparation… but what I realized is if I have a plan, and I am strategically preparing to exceute that… im ok. It not the “Key action” I want but its action to prepare for the next key action.

If I am saving up to be able to buy a great deal, or if I have specific criteria, or if I decide I am going to pay down debt while I learn how to do out of state investing… including using some funds to get resoucres do training or find mentors etc or fly and build a team somewhere.. I am preparing for action. If I am jjust holding my bag and waiting for the market to change… thats not preparation. Unless I have very sepecific clear reasons, and high probability, and a plan.. I need to be doing more than that. Whatever my next key action should already be decided, and then I build toward it no matter how long it takes.

In the wilderness example…. It would basically be preparing for two key actions at once. If there is enough food to eat without sing the bullet, keep doing that. Then fortify my self and area to defend against a bear to reduce the need for using the bullet like that. Eventually, it will come to the point where either theres absolutely no need for the caribou, so i hold the bullet, or theres no need for worrying about a bear…

That is how I currently look at it as a rookie. I dont have seasons advice to give you… just sharing my own situation.

(Currently one goal is to learn how to invest out of state, so i go where the market is best for me, and then two, is reduce the bottlenecks and create a plan to scale, both to reach a goal of financial independence via real estate)

Good luck!

@Kazumi Boyd I will add that J Scott wrote a great book about the best real estate strategies during different times in the market cycle. It’s not perfect for all situations, but generally good info.

Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle

https://a.co/d/629G1vr

@Kazumi Boyd my one regret about investing in real estate? Waiting. The stars will never align. The time will never be perfect. The only thing that matters is that the numbers work. So keep looking until you find a deal where the numbers work and start. Waiting won’t help.

@Kazumi Boyd my one regret about investing in real estate? Waiting. The stars will never align. The time will never be perfect. The only thing that matters is that the numbers work. So keep looking until you find a deal where the numbers work and start. Waiting won’t help.