All Forum Posts by: Robert Comstock

Hello Robert,

Thank you for your insightful reply. I agree that I need to evaluate our strategy before we jump into anything. I think one of my main problems is the uncertainty as a military family. A few days after posting this questions, and almost buying a house I would have been able to househack, my wife received orders to move to Japan for 3 years, throwing a wrench to all the research I had done until know. I need to re-evaluate our position now but what you say got me thinking a lot. I appreciate it!

Hello, 

I was hoping I can get some input from other people on whether or not I should invest in real state in my current situation. I was hoping I can tell you about myself and get some advice. My wife and I currently live in California and are renting a house here. We tried to buy our first home with a VA loan at the beginning of last year but got outbid every time and then rates started going up and we were priced out of the market. We are both professionals and make about 300K a year together. We had about 100K for a downpayment. After we didn't get a house and decided to sit on the sideline I started thinking about using the money we had (plus some that we have saved until now) and buy real state instead, long term rentals to be specific. I have been following BP for a while now, read some books on real state (local and out of state), and thought about my buy box. My question is, since we are renting, would it be better to buy a house now that rates are starting to come down? or should we go for it and make an investment purchase? considering that I think we would have to invest in out of state properties because California is just too expensive, and also, I believe we would have to buy something in this couple of months since when rates come down I believe prices will go up and we will get caught in bidding wars again. I should also mentioned that we have all of our paperwork in order, about 500 dollars a month in debt, and excellent credit scores.

Thank you in advance. I think I would mostly appreciate if I can get input on whether to put all our money to buy our primary residence and use that to buy real state, or just rent for now and use all of our money to buy real state.

Thank you, Jonathan

Hi everyone,

I am new to this forum. I have listened to Bigger Pockets for quite some time now and finally decided to get on here because I current own a home in California, but I want to buy a 2nd house out of state. I was thinking Arkansas, Ohio, Indiana, or Michigan. If anyone else has suggestions on states they have rental properties and is working well, please let me know. I would like to start buying a rental property in early 2024. I just wanted to get started to choose a state, starting looking at it more and hopefully start to talk to get approved for a loan and start to talk to a real estate agent. 

Thanks,
Miguel Suarez

Hello! I wanted to come on here and reach out to the broader network! I am looking for a 4-PLEX in the City of San Diego or a Single Family Home with a Permitted ADU already on the property/ADU development opportunity or something similar! Plan is to House Hack/STR-MTR. Lets chat!

Hi All,

Excited to join this forum! Currently based in San Diego and plan to invest either locally or in Western Florida where I have family. 

My goal with BiggerPockets is to learn as much as I can about the buy and hold side of things while keeping my W2 job. Additionally, I want to purchase my first home in 2024. 

Got interested in real estate investing after reading Rich Dad, Poor Dad and realizing it's not a get rich quick scheme.

Look forward to this!

Best,

M.