All Forum Posts by: Khayree Dean

@Rich Tappe

Hi! I am also interested! I haven't found a live or virtual meeting locally yet but I'm up to meet in either format.

@Jasmine Russell great thread and follow up! I can feel your energy and it is awesome!!!!!! Your definitely on to something here!! Reading this thread has me pumped for sure!

My story in RE is just in the beginning looking for my first property and I know it is right around the corner. Any way I slice it I'm still fortunate to be at this spot. 5 years ago, thanks to a bad RE move we where homeless with a 2 yr old. Talk about a kick in throat!! But you know, there isn't good or bad experiences in life they are all LEARNING experiences!! Boy did I learn a lot fast and in the end we will be in a better place thanks to it! Fast forward to now in we are in a place to be the first in both our families to own anything let alone RE

Keep at it and it will come. You are headed in the right direction!

Best wishes

@Jill F. Thanks for your thoughts and sharing!

I understand the traditional model when starting to invest in RE is to own your primary residence already before investing in rentals unless house hacking or BRRR. That's probably the most efficient and immediate ways to reap benefits of RE investing. But I'm wondering is it wrong to start buying rentals while not owning your primary residence?

Example scenario

You have a family and the kids are just into school age. Your current market is a higher market for SFH with very low multi units( more a rural area) available, but absolutely love it there. Surrounding areas (10-25 min travel)have decent rental opportunities but family size (5) has house hacking seeming as more of a hindrance to the family. Schooling isn't as good in those rental areas and family is not to keen on having neighbors that close for the minimal time housing hacking takes.

The rental market in the surrounding areas are strong and have an equal if not lower entry cost than even using a FHA loan in the current market for the SFH.

What would be the issue, outside of your paying someone else's debt off and not your own, with getting a couple multifamily units and leveraging into the area and house you want while paying rent?

Not everyone's path is the same and obviously this wouldn't be the most ideal. Nor would you be maximizing your return, albeit still getting a return, but there would be progression towards the goal.

I would love to hear thoughts

Great Post! Thanks for inspiration and confirmation! Im taking a lot of great learning points from this post. Im just getting in the game with a similar situation (not much working capital) but opportunities to partner with some people i know. Its hard to wrap my head around partnering but it will get easier i feel as the deals go smooth and the cash starts rolling in.

Thanks again for the inspiration

@Omni Casey great post and thank you for sharing! I cant wait to teach my children in the same manner!! Good luck on your journey!

Hi im new in the area both BP forums and RE. I wanted to see if a meetup has ever come from this? Thanks

@Matt Dingus

Im interested!! Please send me some info