All Forum Posts by: Kent Santin

Thanks AJ - all very good points, thoughts / answers below:

Time to support tasks - albiet having demanding workloads, between my wife and I we are more than open to spending time getting critical tasks over the line to ensure sucess (e.g., contractor mgmt, tenant screening / mgmt, etc.)

Why REI / goals - focused on investing in RE to support my portfolio diversification, creating a second sustainable income stream, and growing overall wealth. Specifically, looking to build wealth/income via the 3 core benefits of RE investing: 1) cashflow (feel quite strongly that things need to cashflow neutral and more than likely positive from the onset) 2) appreciating over the long-term (I understand boom and bust cycles will come) 3) Having tenants pay down debt to create equity.

Syndication - this is something I have lightly looked into but based on everything I have seen the return are good (6-10%) but not as strong as they could be if I do this myself. Perhaps I'm looking in the wrong places? 

Hi all!

I’m ready to dive substantially deeper in real estate investing and have up to $300k ready to be deployed. I’m currently grappling with which path / options to take and would love all your thoughts – below I have outlined some context of my situation and options.

Context:

• - Currently own 2 properties – my SFH (which I don't want to move out of) and a condo that is rented (currently to family members which makes it easier)
• - Have 150k cash + 150k available from a HELOC at 3.75% -- have more available but this is all I want to allocate to REI right now (I say this so you know I'm not being super stretched investing the 300k)
• - I’m open to investing locally or remotely within the US – we live on the WC approx. 3hrs from SF
• - My wife and I work demanding 9-5 jobs – we are open and willing to spend material time on this but cannot make it our full-time roles for at least a couple more years

Options – I have outlined these in my perceived level of difficulty, would also love you thoughts on that

1. 1. Buy a multi-family unit (3-4 unit) in SF with 20-30% down and rent out
2. 2. Invest remotely by purchasing a property for $40-75k that needs a lot of work put in $50k of reno, REFI for $120-150k appraisal, and then rent for $800-1k/mo – repeat many times in 1-3 different markets (do 2-3x a year)
3. 3. Start a syndicate / fund and raise a total of $1-2M in funds from other friends/family/investors to buy a 10-20 unit apartment building
4. 4. Buy a small piece of land (1-3 acres) n a mid-sized WC city for $100-250k and develop a small 2-6 unit multifamily structure (would have to take out an additional construction loan)
5. 5. What other options am I missing???

Thanks for all your help / thoughts - very much appreciated!

Are websites like foreclosure.com, realtytrac.com, etc. worth paying for to get leads on potential deals? Seems like there are some good options for buy, fix, rent with traditional financing for the ones that are not in aweful shape.

Or are there other sources of this information that are free elsewhere?

Thanks!

Hi BP! Excited to join this amazing community. Been listening to the podcasts for quite some time and quietly browsing the forums but this is my first post! 

I live in NYC and have 50-75k cash ready to put into REI meaning I can do 250-350k total pruchase (with rehab).

 I have a basic understanding OOS investing and want to take the plunge but struggling with how to narrow my search. Two questions really stick out to me:

1) do you believe it's necessary to be within a 2-3 hour drive incase something goes wrong? (This is my current thinking)

2) even in a 3 hour radius there are a lot of towns / markets to analyze. How did you arrive on a short list? Any tools you used? 

3) if I can't house hack is buying and holding for rental income the right approach or should I try to flip on my first go? (I have minimal construction experience) 

Thanks in advance for all the help! Really appreciate it!