All Forum Posts by: Nick Henry

@Theresa Harris I really like what you're saying about not buying the cheapest house just for numbers that look good on paper. I'm definitely someone who prefers higher quality even if that means building a portfolio takes a bit more time. Thanks for the thought! 

@Jared Smith this is definitely something I'd be willing to entertain. I've heard lots of things about turnkey properties and could definitely use some clarification to see where it might fit into my plan. Thanks! 

@Jason Wray I really appreciate the detailed response! You make some great points. Definitely willing to go out of state but really need to feel confident in my team wherever that is. I'd be happy to discuss further.

@Joe Villeneuve I get what you're saying. Hadn't thought about it that way before but I like that. Thanks for the input! 

Hi there - I am starting out in real estate investing and am trying to build a portfolio of rentals that can produce enough cash flow for me to eventually leave my job and make real estate my main job. I have been going back and forth between an appreciation focused investment versus a cash flow focused investment. I'm unsure which focus would help me scale my portfolio and achieve my goals more efficiently. 

In the long run, I want to have properties that are producing strong cash flow (eventually would love to own small apartment buildings and syndicate larger deals), but it seems that focusing on cash flow and reinvesting those cash flows will be a slower process than focusing on properties prime for appreciation or with opportunities for forced appreciation. It seems I could scale my portfolio faster with an appreciation focus.

Does anyone have any thoughts or recommendations on this? I live in SoCal so if I wanted strong cash flow I would likely have to look out of state. I am definitely open to out of state investing though if that helps me reach my goal more efficiently, but would love to stay on the west coast. Thanks in advance for any input!

Thank you everyone! All of your insight is very helpful and I really appreciate it. I wish everyone the best!

Thank you @Kayla Givens! Seems like a smoother transition into investing.

From the San Fernando Valley @Austin Largusa. Wow that’s impressive! I definitely need to learn a lot about how to do that myself. 

Hello everyone,

I am 23 years old and looking to get my start in real estate investing. I’d love some general tips on how best to navigate my situation. 

My main goal is to just get some skin in the game by the end of 2022 and purchase my first property. I don’t really care that much about how much cash flow I get, I just want to be in the positive. Some decent appreciation over time would be nice too. 

I am looking for multi-family properties or single family homes that can be turned into a property with multiple units to rent. My max purchase price would be about 400k but ideal would be about 150k.

I live in California but I am willing to invest out of state in either Nevada or Colorado. I only have about 40k of my own money to invest so I’d be open to house hacking if I could find a good deal in a decent area of Southern California but that’s not ideal.

I also feel that a property that needs some work done would be a better investment because I can buy cheaper and increase the value right away, but I’m not sure. 

The long term goal would be to own a large multi family property (100+ units). 

Any tips or ideas on how to get started would be greatly appreciated. Thank you!