All Forum Posts by: Rob Hoffman

What if this employee was a big cause of so many investors troubles with Morris?

Starting out with lower end properties can help propel your investing with higher returns but could also break you due to higher risks. Identifying your goals can help you identify your markets and class. If you are going the turnkey route you should vet the turnkey providers in those markets. Some TK providers specialize in lower end properties and may be able to help absorb some of your risk.

@Russell Brazil The risk involved in the activity will of course be there regardless. That doesnt increase because of leverage.

I think that I definitely share perspective with @Kyle McCorkel Less risk to have the reserves than the equity.

Originally posted by @Russell Brazil:

Originally posted by @Kyle McCorkel:

@Jack B.

How does having less debt equate to less risk?

It is a fundamental rule to investing....leverage increases risk.  

 @Russell Brazil what is the risk of leverage if you have the reserves to pay off the loan?

@Markus Gomez what do you mean by "personally don’t feel like there is much risk that I would be exposed to as a wholesaler."

@Corey Samuelson i think that most RE investors dont even have a RE license. Sales license is where you would start unless you have a degree. Online classes is the easiest way to go.

Is is possible to purchase at 1 1/2% rule in appreciating market?

@Alex Mendoza as mentioned before, i would say the best way to go would be to house hack a duplex/triplex. You can get in with a lower down payment and benefit from lower interest rate. Especially since you are in a more affordable area than some of us. Here in the Bay Area our market is slowing down a bit and from what I understand the Dallas area is similar. It seems like its becoming agood time to be a buyer. Stayvin tuned to the mls. You will see houses sitting on market for longer and more price reductions. Be patient then pounce when you find the property that is right for you!!! Just my 2 cents.

@Zecheria Deges welcome to BP! How is the wholesale business treating you???

This whole thread is simply amazing!

@Dante Pirouz, first off congratulations on your already achieved success! Professor, breeding endangered heritage chickens, 15 rentals....wow!

I am areal estate agent, own a Home Energy Ratings company, own a couple properties here in the bay area, and looking to make a sfh purchase soon in the midwest. I definitely understand that sometimes its difficult to make a decision on which direction to place my next step.

Its obvious there are a lot of responses here from investors who would take so many different routes based on their own goals, needs and interests. Follow your heart lol. Good luck!