All Forum Posts by: Kenneth Lee
Kenneth Lee has started 3 posts and replied 22 times.
Post: Milwaukee off-market 13-unit multi-family for sale $849,000
- Investor
- Seattle, WA
- Posts 22
- Votes 11
@Vivian Su - Please send additional details, financials, OM to [email protected]
Thx!
Post: 18 Unit Saint Petersburg, FL - Financing Options Available!!!!!
- Investor
- Seattle, WA
- Posts 22
- Votes 11
@Trude Roberts - Please PM me. I have sent a note to the referenced email as well.
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Jay Helms:
Blow it all on one large MFH each year or invest in syndications. We are always interested in finding new partners. Let’s connect and discuss, but first, what are your short and long term goals?
Short-term - acquire income generating assets until I'm able to replace my base salary. Long-term - have financial security from passive investments that I can take bigger career risks -- like startup CTO for a product I'm passionate about building.
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Thanks for the helpful information, particularly breaking out some of the types of asset types that would be involved. I'll send a PM to connect re specific deals.
Seems like most syndications let LPs join at increments of $50K. I'd think about doing $50K into a cap stabilized multifamily and $50K into a value-add multifamily. RNW has a development syndication open in Park City Utah which also seems interesting as well. I could then take the remaining $50K and throw a portion each month to buy up REITs as a plan for the year -- or leave it in cash in case there is a deal worth springing on, tapping my HELOC if needed.
At least in my mind that seems like a reasonable starting strategy for the year. Hopefully by next year, I'll have learned something and will be able to start narrowing on what will work for me, or I'll try a set of new experiments.
Again, BP has been super supportive as a resource -- many thanks to all!
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Omar Khan:
@Kenneth Lee On a real estate forum like this, everyone will recommend that you buy real estate (regardless of where we are in the cycle). Similarly, if you go to a prepper forum, they'll advise you to stock up for the upcoming apocalypse :)
Furthermore, at your income level, you will also have to start planning your tax strategy from the word go. Most investors don't have your issues, hence, they dabble in a bunch of things. You have to structure your investments the right way from the start because you can bring in a certain volume of $ that most investors are unable to bring. That brings its own set of challenges (it's a good problem to have).
Thanks Omar -- this is spot on and something I have not been paying attention to. Thanks to the power of BP, I hooked up with some local pros who hopefully will help me get this part of the house in order :-).
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Thomas S.:
With 200K per year if you want passive you do not want to invest in real state. 200K is a lot of money and invested in a REIT or any income fund would do very well. You could fully retire in less than 10 years without stress or effort.
1.5 - 2M should produce a income of 160K to 240K annually in most good funds. Tons of money for any one.
Interesting - I never really explored REITs. Suffice to say I am not terribly sophisticated and have relied on robo investor to date! But seems like a great tool in the portfolio.
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Brian Burke:
Originally posted by @Kenneth Lee:
There was a great thread on this very topic recently with some excellent answers to that question. Check it out here:
https://www.biggerpockets.com/forums/432/topics/503289-how-to-vet-syndicators
Thanks Brian!
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Michael Bishop:
Here are several blogs to get you going:
https://www.biggerpockets.com/blogs/10191/68640-wh...
https://www.biggerpockets.com/blogs/10191/66365-8-...
https://www.biggerpockets.com/blogs/10191/67979-po...
Best of luck in your decision making process!
Awesome thanks -- bookmarked! Noticed you're in Austin, I'm there about once a month -- I'll ping you next time I'm in town!
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Brandon Hicks:
I’ve never been involved in a syndication so I guess my advice would be to use BP to vet them. @Ben Leybovich is getting involved in syndications and has a great reputation on BP so he may be a great place to start. Best of luck to you with whatever path you choose.
Thanks -- I'll reach out to @Ben Leybovich!
Post: How would you invest $200K/yr?
- Investor
- Seattle, WA
- Posts 22
- Votes 11
Originally posted by @Ian Tudor:
@Kenneth Lee - Before anyone can answer those questions, I think you have to determine a few things for yourself.
- Do you want to be an active or passive investor?
On the scale of 1-10 for passiveness, I'd wager about 7.
From any RE investments, not too much. I could comfortable remain committed for 3-5 years with invested capital.
Dunno - depends on risk, right?
I don't want control right now. I would crash the plane. But letting me sit in the cockpit would be great.