All Forum Posts by: Nick Meland

Hi everyone,

I’m currently doing an analysis on what market to begin investing in. I have four and obviously I want to pick just one to invest in (at least to start). My options I’ve narrowed down are:

Oklahoma City

Lansing, MI

Davenport, IA (Quad Cities)

Milwaukee

Any input on any of these markets would be greatly appreciated. If you are currently in one of these markets, I’d love to connect and hear your thoughts on your market!

@Dave Foster thank you so much for that advice!! I had no idea about the sec 121 exemption. I will definitely look into that!

Hi everyone,

I wanted to run this scenario by you to see if it’s feasible. If I house hack for the next five years and gather 5 properties could I then turn around and sell those 5 for a commercial property via the 1031 exchange? I know there are some rules involved however I’m not entirely sure what they are specifically and how they might affect this hypothetical situation above. Let me know if this strategy is possible and if it is, would this strategy be the most efficient way of scaling to commercial properties?

Thanks!

Thanks @Joshua Noth ! I do think entering the commercial route is definitely better for scalability it would just be a matter of connecting with the right people and raising funds!

Hi everyone,

I’ve been reading about the pros and cons with residential versus commercial real estate. I think the pros to residential are a lower barriers to entry, more inventory, beginner friendly, and have the ability to house hack. The pros for commercial are the high scalability with more cash flow potential. The cons to each are the scalability of residential and high barriers to entry for commercial. 

I’ve had no experience so far in terms of buying either. I have the drive, some knowledge, and just need some more capital. My girlfriend and I have money saved up for a house hack however I’m just trying to understand and explore any other ways that might be better. 

I recently listened to the BiggerPockets podcasts about the benefits of commercial real estate and how scalable it is. Any advice from commercial real estate folks and how I can get my foot in the door? 

Thanks!

Hi everyone,

I'm a 22 year old college student currently reading "The Book On Rental Property Investing" and it's opened my eyes to the world of real estate and the possibilities it has. I'll be graduating in May with a degree in finance and will most likely have a corporate job out of college. However, my goal is to become financially independent in 20 years. I believe real estate can help me do that. I would appreciate any insight to what strategies I can use starting out once I graduate to get the ball rolling. I'm intrigued by multiplex rentals, storage unit rentals, and the BRRRR strategy. Any thoughts?