All Forum Posts by: Patrick V.

I whole heartedly believe in climate change and am curious if other investors take into account how a region will be affected by a changing climate when choosing whether or not to invest. There are maps here that outline the cities most at risk. 

Some of the cities that are at greatest risk are also cities seeing great appreciation and good cashflow. These climate problems wont truly actualize for 40+ years but even so I am a bit apprehensive when it comes to investing in areas like S Florida, etc. Is this a logical concern?

On the flip side some mid west markets that already have great cash flow numbers may see dramatically increased appreciation as a warming climate pushes folks further north in the next century.

What are your thoughts? 

I know the answer to my question before I ask it: 'dont try and time the market, a good cashflowing deal will still be good even if the house price drops due to market corrections'

That being said, given everything that is going on, should I try and time the market?

To give some context, I am about to jump head first in to cash flowing rentals, intro post here, and am concerned about the foreclosure projections. 

According to Attom data, we should expect a large amount of foreclosures as 2021 rolls on due to federal eviction/foreclosure moratoriums being lifted. Also we are at an all time high of an already long housing boom, the cycle is bound to lead to a correction soon, right?

If my hypothesis is correct then holding on to cash and jumping in when there is a correction could be very profitable. If its wrong then I continue to sit on the sidelines. What do you suggest? I suppose I could invest a portion of my available funds and hold some in case we do see a correction that way I can jump in and pick up cheaper rentals, that way I am hedged either way. 

Thanks for any input!

Hey all! 

My intro post covers it a bit more but I am planning on quitting my job and going full time in to real estate.

I figure prior to quitting I should lock down a property w/ conventional financing since the bank will give more favorable rates if they see I have a large paycheck and W-2. Is this a valid assumption? Does this apply to both investment and residential loans? 

I would prefer to purchase and renovate my next property after quitting since I will have full time to renovate it myself, etc. but if my assumption is correct I should purchase it while still working full time.

Thanks for any information!

Hey all! 

I live in Seattle, Wa and have a small house hack here. I managed to score a high paying tech gig 5 years ago and have been living way below my means to build a nest egg to start my journey to financial independence through real estate. I have been avidly reading and educating myself and am beyond excited to continue down this path.

I am now at a point where I need to leave my job, I have accrued quite some savings and I have hit my threshold for corporate life and spending my life in an office. I am forever thankful for the opportunity I have had and know that I am fortunate to have a solid career but my life needs a change. 

Below is my transition plan, please critique it and provide any advise, it is greatly greatly appreciated. 

My plan: 

- Stick around work for another 6 months to get annual bonus, etc. then move out of the house hack, rent the unit we were staying in and live out of our RV while exploring the country and picking up RE from time to time. (10k cash flow from Seattle property)

- While I still have a high paying job and W-2 (I assume this will get me better rates, right?) I will secure financing for 500k at 20% down and purchase a cash flowing rental(s) (ideally value add multifamily) while still working a full time job (I am working remotely and would travel to wherever I invest, post on the locations I am looking at here). (Is a projected 20k cash flow reasonable for a 500k property at 20% down in a good cash flowing market?)

- By the time I quit my job ill have $30,000 in "passive" cash flow and will then have full time availability. At which point I would deploy additional capital and pick up more value add properties in the same location as my $500k property but have more time to do the reno myself since I would be unemployed.

- If my properties are successful I would then feel comfortable tapping into my network to secure more investment capital. I have family members with a substantial amount of cash to invest who have expressed interest in partnering however I want to prove it out with my own $$ first before risking others.

- Build out my portfolio until I have 6 figures of cash flow and hit true financial independence. 

This is the high level plan. What do you think? What would you do in my position? Many thanks for any input!

Hey all! 

I live in Seattle, Washington and have a small house hack here. I want to pick up some cash flowing rentals and have accepted that the region I live in does not have many properties that cash flow very well. My current full time job is full remote so I am planning on identifying an area to invest in and spending a few months out there to find, purchase, rehab and rent properties. 

I lived in Tallahassee, FL for many years and have a good friend who does quite well with college rentals out there and is a property manager I trust. I know the market, have a network and the location has good cash flow and growth prospects. The down side is college housing, so more property damage and turn over and reliance on the future prosperity of the university which I think is a pretty safe bet. 

That being said I came across the list of top locations to invest based on cashflow and appreciation forecast: 

https://www.realwealthnetwork.... and started reconsidering to look in the Atlanta or Jacksonville area instead (I like the idea of sticking around the SE since I have a network in the area).

Any thoughts on the above markets? Where would you invest if it didn't have to be local? We are moving out of Seattle into an RV so will be transient for the coming future so everything is 'out of state' investing since we will be always on the move. 

I am looking to invest around $500,000 after financing and cash flow is my main focus but of course in an area with stable growth and appreciation. Value add multifamily is generally what I am looking for but could be convinced otherwise. 

Thank you for any tips and suggestions!