All Forum Posts by: Lisa Rechsteiner

 I asked for insights and advice as a newer investor and what I got was "what are you thinking..." "you're a sitting duck," "Your chance of failing is..." and "naive," etc which comes across as very demeaning. None of that is encouraging whatsoever. This is not sound advice but poor criticism. 

I followed Leka and have met her at a WAREI event.  Here is an IG post where she paid $560K for a property in Greater seattle and said comps are "$840-$1M.

Leka Video Seattle Property

Here is another where she encourages investors to look at ADUs Leka ADU post


 

People see their equity and start to salivate. Think of all the things you can do with that money!

The truth is, most people will squander it. The best thing you can do for your future is leave it right where it is. Don't sell a property unless you have a solid plan to invest that money in a property that will produce better results or move you closer to your goals. I suspect you don't have any goals, which is why it's difficult to give you advice.

I recommend you keep it as a rental. You can buy a primary with just 5% down, so it's much easier to get into a new primary than it is to buy a new investment.

https://www.youtube.com/channel/UCMB4AigBkfj-TFKLDsXcOTg

It's not easy now but I'm still finding deals. I've bought 10 SFR buy n holds in the last 12 month that cash flow ok. I'm more of a dollar cost average investor and have bought on average 2 houses a year for the past 9 years. But I've found some of my best deals in the last 4 or 5 months so I jumped on them. I look 5-10 years in the future to see if I think my investments will be good so I'm ok only making $200-$500/month when I first buy properties. And many investors have paused their buying so I'm seeing less competition and able to make low ball offers to secure these homes.

Victor - be sure and check out Lowes. Home depot changed their rewards programs from mediocre to trash. 

Lowes rewards actually gives us more than a $50 tool rental credit and a flood of emails trying to hype their programs.