All Forum Posts by: Mei Acosta

Darn I'm not having any luck finding this group "WA Real Estate Investing". Did the name change? 

Hello my beloved Seattle-lites!

My family back in Shoreline has been looking high and low for a trustworthy builder/contractor to assist on a build project and home renovation.. My parents own a property that sits on almost a double sized lot and want to build a townhome or duplex on the vacant land as well as do some upgrades to their home... PLEASE let me know if you or someone you know could help!

Hello fellow BP agents!! I hope this post is ok - In this crazy cut throat market here in South Florida I'm inundated with buyer demand & hoping to connect with other investor-friendly agents here locally to help us out. Please let me know if anyone is interested

Namely in Hollywood, Miami-Dade County & Palm Beach County

Please join us for this long awaited webinar! Whether you're in Florida, another part of the country or even world prepare to get a lot of value!

BRRRR your way to building your RE portfolio & FINANCIAL FREEDOM! This will be the first of many series to come. We will take you through actionable steps as well as provide an opportunity to network and work closely with us so you can TAKE ACTION!!

Let me DM you!

Great! Now no one can predict the future of course but if your house has appreciated this quickly it will very likely continue to appreciate (much more slowly though) over the next several years. Perhaps it would be wise for you to analyze your area and projected appreciations.. My parent's own their home in Seattle where they could sell for a KILLING but then would never again be able to get another home in the same place and dream of the same type of equity.. If you goal is ultimately to buy and hold then frankly, that's exactly what I would stick to (again if your predictions of the area support this). Does that make sense?

Thank you for sharing!!

Really good replies from other members! Definitely all important things to consider. Here's another consideration: how difficult is it in your marketplace to buy? In my particular market it is a complete bloodbath bidding war where buyers are willing to pay egregiously inflated prices including over appraised value to secure a property... Buying in this climate is definitely not for the faint of heart but nor does it mean you won't come across a great opportunity. You just have to consider all things (not just money perhaps but your time, energy and sanity LOL). It's always tempting to sell when you can think of all your potential profits but as long as you can turn those profits into further investments would I move forward on that personally. Just my 2 cents!

It all depends on what your goals are. Personally I would leverage myself if I were you if it meant you could expedite your goal, which is most likely building a portfolio that generates positive cash flow. The more properties you can acquire (intelligently of course) by leveraging will get you to your goal faster! Also by purchasing a property all cash you're essentially putting all your eggs in one basket. Debt in itself isn't bad as long as you are strategic about it. Hope that helps! Feel free to DM me if you want to pick my brain some more. Best of luck!

Hi Linda!! It would definitely make sense to talk to an attorney. Let me send you some guidance via direct message