All Forum Posts by: Kyle Marek

@Ryan Blake Thank you for using some numbers and an example. You are right, the good location properties can probably be rented at a premium if they are in any desirable spot in SD. 30% occupancy doesn't seem like to tough a feet, but like you said I'll have to do a lot of research first!

Thanks for giving me a strategy to consider!

@Jana Cain

Thanks Jana, I hadn't heard of it. It seems to be much more legitimate than Teacher Next Door, and I love how it pertains to California and the Bay Area. 

I will continue to research Landed! 

With the 75/25 split on capital gains (or losses), and the one year occupancy, do you think it makes sense to use as a rental property? 

Does anyone have experiences with the Teacher Next Door or Good Neighbor Next Door Programs? I'm a 25 year old teacher in the Bay Area. New, but very committed to investing in rental properties to supplement my normal income. 

I've researched the programs a bit on Reddit and Google, but haven't found a ton of user experiences. From what I've read the houses available are scarce and many need work put into them. I do like the thought of the 50% phantom loan, but not the idea of the 3 year occupancy requirement.

Anyone with experience or knowledge that can shed some light? Thanks!

@Ryan Blake

Didn't realize you had to tag names for them to receive notifications of responses. I'd like to keep my conversations going! I'll post the same response:

Thanks for the advice, Ryan. Do you think the ROI on a vacation rental could be higher than leasing? I assume you mean the units could be rented out through Airbnb. Would vacancy be something I would have to worry about more using the units as vacation rentals rather than leasing?

Thanks in advance!

@Marc Salloum

Hi Marc, my name is Kyle and I am also committed to get into real estate investing in the Bay Area. I'm 25 and a teacher in the East Bay. Hope you don't mind I'm using Jonathon's new member platform to take up your offer for questions!

One of the main concerns I have is whether the Bay Area is too expensive to invest successfully as a new member and a teacher? I have no debt and a little money saved up, but not enough for any big 20% down payments! I realize FHA's could be an option, just curious to hear an experienced opinion.

Thanks for the advice, Ryan. Do you think the ROI on a vacation rental could be higher than leasing? I assume you mean the units could be rented out through Airbnb. Would vacancy be something I would have to worry about more using the units as vacation rentals rather than leasing?

Thanks in advance!

Hello all at BP, 

My name is Kyle and I just received my M.A. in Education, teaching PE in the Bay Area in California. I am highly debating taking a job offer to teach in the San Diego area. After lurking on BP for a month or so listening to podcasts and reading forums, I have finally decided to join! I will admit now that my profession combined with my expensive market can force me out of buying properties anytime soon, but my motivation and interest in this field has overcome that fear. I'm ready to put myself out there.

A little about me: I'm a 25 year old teacher, eager to get into the real estate investing arena. I also have a B.A. in Economics, but chose teaching due to the enjoyment I get out of it. I enjoy sports, playing guitar, and the beach.

I have completed the 135 hour real estate salesperson course through Rockwell Institute, and really felt like I learned a lot. The course combined with my BP lurking has got me feeling quite confident with the real estate lingo, different types of loans, and the basic concepts. 

My main investment interest is in rentals. I've really gravitated towards multifamily properties because I like the idea of living next to my tenants (hopefully rent free). My goal is to own quite a few flourishing properties in order to have financial freedom and eventually move towards part-time teaching and more full-time investing and looking after my properties!

Hey Reggie! I'm a new teacher as well, located in California. I just finished my M.A. in Education and am starting a job this Fall. 

I'm also brand new to BP after lurking for a while and listening to podcasts and reading forums. I am also interested in multifamily property investment to supplement my income.

Just reaching out because from reading your posts I feel we have very similar situations and goals!