All Forum Posts by: Michael B.

@Adam Cherko wow amazing! Let me send you a direct message to get connected, that’d be great.

@Austin Hughes Glad to hear, I thought I was just making excuses for myself. I’m concerned I would end up doing both my job and the landlording half as well as i could

@Kris Wong Interesting idea! Do you use a platform for that, or is it something you get connected to through your financial advisor, network, etc?

@Aaron Clements Unfortunately do not have the option to be remote, but having just moved from Kansas City, I definitely know what you mean. I could have bought two or three places out there for the price of one here!

I’ll look in to notes, there’s probably some avenue out there for average investors, even in the post-2008 world. I’ll also keep looking at crowdfunded real estate and publicly traded REITs, seems like great ways to get exposure to RE in other parts of the country. Th Ronny big asterisk on the crowdfunded real estate is that they have never operated during a downturn, so all their marketing and claims of 8-12% historical returns has never been tested.

I use the train to read and listen to podcasts, partially how I found BP! It’s amazing what 1-2 hrs a day of personal development can do for you.

@Anthony Rosa I haven’t looked at upper Westchester yet, and good to know about White Plains! Thanks so much for the feedback, great to hear from someone in the area.

@Anthony Rosa Not totally sure yet. Was thinking New Rochelle just for proximity to the city, a lot of development, etc . But i haven’t started doing any analysis yet.

@Steve Vaughan I’ll check the book out, thanks for the recommendation!

@Anthony Rosa I’m in Westchester, taxes are brutal. That’s the other big concern, also with the newly passed rent control law, giving municipalities the option to adopt similar measures, scary stuff

@Jim K. Great points, thank you! Unfortunately I don’t make very much, I’ve just been investing for a while (compound interest-truly the 8th wonder of the world!)

My office is in a B- area, I’d love to cut my commute by living closer but it may not be the best move. I am looking at areas that would cut my commute by about 40%, just have to find the right deal!

@Aaron Clements Thanks for the feedback! What do you mean by notes?

I’m mostly interested in rental properties (I think-haha), so house hacking seemed like a good avenue to start. Immediately renting now, but am hoping that my next big decision would be to buy a duplex/triplex to rent out.

I have thought about out of state, but through the lens of crowdfunded real estate (like Fundrise). I thought that owning RE outright in a place I can’t get to seemed too risky, especially as a novice.