All Forum Posts by: Michael Martin

And of course now I've sprained my ankle and stuck on my couch. One of these times I'll come, I promise... Enjoy!

Definitely interested. Unfortunately I had work travel last time so missed out. Look forward to seeing y'all.

Great story @Amit M. How much "sweat equity" would you say was invested in your experience? Did you have a full time job at the time with hobbies/family or was your focus on RE investing? It sounds like you had the bandwidth for a lot of "hustle" and creativity. I'm afraid that (whether I'm being defeatist/cynical or just realistic) with my demanding job I'm not going to be able to spend gobs of time investing. It really does have to be relatively passive for me. 

Thanks @Dan H.. I think it's a matter of figuring out how to weather the initial poor cash flow. And how to find a "deal" to temper/eliminate the poor cash flow. 

I'm now focusing on house hacking and what that might look like. It really does seem like the best of all worlds. The rental property would be literally right next door, I'd be buying in a ridiculously hot market, I'd get an understanding of the ins and outs of RE investing, etc. 

I think turnkey OOS investing (eventually) is still not out of the question, though, as I'm someone with a fairly demanding/high-paying job so I'll have more money than time for the time being. 

Thanks all again for the input. This is one of the best forum experiences I've ever had. I'm very impressed with BP.

Thanks @Carolina Solorzano. Definitely lots of resources out there!

@Andrew Stanton and @Dan H. and @Matt R. you guys say that looking at initial cash flow in an expensive area like San Francisco isn't really the right way to look at a potential investment. Appreciation, raised rents, etc. make the investment do better in the long run. 

I don't doubt that, but I wonder two things.

1. It seems that the cash flow isn't just low in these areas, it's negative. Really negative. Do these investors simply take a hit the first 5 years or...

2. Am I just really bad at finding deals? Thus far I've only looked at places listed on Zillow and Redfin. Is this a fool's errand and would I require a realtor that can access MLS?

Definitely interested. Thanks.

@Sean Walton why do you recommend managing a place on my own before moving to turnkey? Are there lessons to be learned going it alone needed for effective turnkey investing?

@Ali Boone and @Steven Gesis thanks for the direction! Sound like I have some more research to do. I'll poke around and dive deep. If I have pointed questions I'll definitely be back!

Thanks @Chris Mason! I'll have to check out Katie and Sean's events. I'm actually on the Peninsula so being outside of SF city limits is fine. 

I haven't really looked into direct marketing (or even know exactly what that entails). I'll do some research and if I have any pointed questions I'll be sure to check back into the forum.