All Forum Posts by: Sage Weiss

This is good to know thanks. 

Anyone have experience with investing in Real estate Notes? I have to do a ton of research and see if it might be a good fit for me. But I now have $30,000 set aside in Savings. It may not be a good fit, but if it is, I just wanted to see if that’s enough to get started. Thanks! 

Thanks for the comment I’ll have to look into Note investing and see if it’s something that makes sense for me. 

Hi Bigger Pockets community, wanted to learn more about short term real estate investments, and house flipping from a local in the Seattle area. Any contacts or local investors worth getting to know? Thanks!

Quote from @Nicholas L.:

@Sage Weiss

OK.  Unfortunately I don't think there's a better option than a HYSA.  Anything else is higher risk.

And... I would recommend against paying all cash for an investment property, or toinvesting ALL your capital in a single deal.  You can browse the forums for more information, but those are actually both pretty high risk options as well.

Have you considered house hacking, or a live in flip?  Both of those are lower risk ways of getting started.

Maybe your goals or lifestyle don't permit them - but they're great options.

I think with the HYSA you can get 4% right now. I may have to look into that. If I had a significantly higher income I may consider house hacking. I just got started with my career so I have a low income relative to property prices in my area (Seattle area) property prices are about 10x my income 

Quote from @Nicholas L.:

@Sage Weiss

can you share more about your goals?  Like @Theresa Harris I am a little confused about what you're trying to accomplish.

I invest in individual properties, REITs, retirement accounts, and ETFs.  They're all good.  They're all different.  

The overall goal is to just build the 20k up,  Just looking for the best short term way to build up that cash. Once I have significantly more, I think would go ahead and just pay cash for an investment property or fully fund a flip for an investor. 

Hi. I did just buy life insurance a month ago, but it’s term life. I’m sure you can have multiple policies on yourself (not sure why you’d do that) I think syndications usually have higher requirements? And can expect somewhere around a 10% annual return. I was thinking something more active. The highest returns I seem to see on short term investments are investing in other peoples flips. Unfortunately if you want to be first position on that you need way more than $20,000. I’ve asked a couple flippers today and usually to enter that rhealm your talking 50k plus. I could always go back to flipping stuff 😂 thank you for the suggestion! 

I’ve heard mixed things on infinite banking. Are there requirements for doing that? I also have no credit I think my understanding of it is. You’re using credit from an over funded account of some kind. 

currently don't own any property, have no desire to own property. but the renovating to increase rent is a smart long term play!

ive seen a lot of terrible advice from gurus so far, I can say I’m avoiding all of them. Whether it’s funding, down payments or gator loans or 100% seconds. Sounds like the best option is find a local investor that needs some extra capital that I trust. Your right 20k isn’t much of anything in this realm.