All Forum Posts by: Michael Nieves

I definitely value the hands off approach, though I'm becoming stir crazy from not working, so making extra profit with sweat equity is not something I'm opposed to

It seems on par with historical averages, s&p is around 10% for 15 years and tech is around 13% for 15. I experienced a 17% drop thus time last year, but luckily benefited from dollar cost averaging. I'm also not leveraged

what would I be looking at in the real estate world? Market is of course crazy right now and I just purchased a home, but always nice to have options

I currently have 550k in an index fund, which I expect to average 12-15% through the next 10 years (it's mostly in tech). I had a 43% return in 2019 and 47% in 2020, which I I expect to see again. I'm able to withdraw 52k of gains a year tax free due, and it requires no work to run it.

On the flip side, I am exempt from property taxes on my primary residence as well as $0 down, that includes if I purchase and live in a multi-family unit. I know the true strength of real estate is leverage, and I know the returns are usually higher than index funds, but of course vacancies, repairs, bad tenants worry me.

I'm located in the DFW area. I'm interested in hearing your thoughts on the pros and cons of possibly becoming a real estate investor 

I work as a travel tech(travel nursing) and am gone for 3 months at a time. I was wanting to use my VA home loan for a multi family property, but they either have an awful cash flow, fully leased, or in the ghetto.

So condos are my next option, the plan is to have a roommate or find one that is the same rate as my current rent in my apartment. In my circumstance, would a condo buy a good buy considering I will put no money down

I currently live in the DFW area and rent a 1 bedroom apartment for around $876 a month, maybe $1000 with water, electricity, internet, etc included; my lease ends at the end of May. I qualify for the VA home loan, which allows me to purchase a property (4 units or less) for 0% down and no PMI as long as I live in it. My agent found me a full duplex that has had the interior completely renovated for $350k, the larger side has a 1 year lease for $1,450 a month which would leave me paying $860 a month for my side if I don't rent out the other bedroom. I plan on being out of Dallas within 6 months, so I could also rent out my side for $1200-$1250 a month which would be a cash flow of just $340-$390 a month.

My ultimate goal is to keep my living expenses to a minimum, my plan this year was to sell all of my furniture and end my lease at my apartment to do travel nursing, which would allow me to pocket the stipend money and have no rent to pay. I have no landlord experience and know that PMs usually charge 1 month's rent to find you a tenant and of course any repairs or maintenance that may arise

With the following information, would it be better off to stay at my current apartment and just end my lease when it's time to take an assignment or should I purchase the duplex and possibly make extra income through cash flow and equity but also run the risk of repairs, maintenance, etc?

OP again, so I have a question that has been asked time and time again but I can't seem to find the answer without a major bias towards each side. So I'm hoping my details could possibly help

So I've placed my 200k into VMVAX. I'd say the average return is around 10% but since I deposit 3k in the fund a month, I try to avoid calculating the returns with a flat rate to account for buying into dips and highs; so I use past performance rates (Yes I know, past performance does not assure future).

There is an investor unloading 11 of his duplexes near my area with an average cap rate of around 9%, I'd be able to afford about 5 duplexes with a loan. My question is more with the hidden fees associated with real estate, such as repairs, maintenance, vacancies, and property management. When crunching the up front numbers, duplexes win by a long shot...but when I start factoring in fees for a PM, repairs, etc...the line begins to become more grey.

I'm looking to be as passive with my investment as possible, I'll be traveling a lot for my job and my future plans are to save up enough to purchase an existing franchise location to leave my current job. With the information provided, would it be best for ME to stick with my index funds or would investment properties be a much better return?

I'm located in the DFW area if that helps

Unfortunately, I don't qualify. I don't make 200k a year and I won't reach a million until 35

I'd say you're correct. Real Estate doesn't spark my interest as much as Stocks do, but I like to explore my options.

I'm sure I could find the answer myself on Google, but I find answers here are more dumb'd down and realistic. How does one become an accredited investor? What kind of returns can one expect from Commercial Real Estate Syndications?

There was an issue with getting things in writing, the partners were very hesitant about having an attorney write up that I shall be repayed my initial investment plus our split upon sale. I had nothing to protect myself and they became hostile once I pushed for it

I'm not too sure I'm interested in the sweat equity in real estate, I was rarely at the property for this flip and was mostly just the partner with capital. I did have a partnership but had a dispute over contractual things. Lending seems to be more up my ally but I don't have the knowledge to analyze such deals yet. Multi-family may be out of the question since the properties here in Dallas are so expensive that I'm only approved for 1 property which I'll end up doing with my VA Loan to avoid using capital.