All Forum Posts by: Account Closed

@Bud Gaffney “never trust a skinny chef”

You can enter the Bay Area market with 5% down. Don’t let the “barrier to entry” stop you. Buy a duplex/triplex with a low down payment, live in one unit. Make some sacrifices now and learn the landlord business. Rinse and repeat every few years. You have gold right in front of you. 

 I’m not the one with Facebook ads trying to recruit new coaching students. I don’t spend hours replying to every direct mail thread on BP stating that SEO is better. It’s clear from looking at your profile (which you spend $100/month on a premium membership) that you want to sell your services. Nothing wrong with that. Just state that up front. It’s less sleazy. 

“those who can’t...teach”

Anyone who is claiming to make $100K+ per deal via SEO would not spend hours on BP trying to sell their services or coach new investors. The only ones selling coaching, training, or a product do so because they make more money in training than they do in real estate/SEO/lead gen, etc

@Pancham G.if Mitch McConnell and/or Trump say no (which they both will), this bill is dead

Great response! This is why I never rent units to attorneys (not a protected class) and I surely won’t be renting to any government officials in the future.  

@Lee Yoder I suggest you spend more time worrying about what your investors are going to profit rather than what you will. Put their interests before yours.

ABB and NBS

Always be Buying

and

Never Be Selling

If you’re able to invest $7k/month in the stock market plus maxing out 401ks, that’s basically $115k+/year you’re able to throw at the S&P. You’ll definitely have over $10M in 25-30 years, which would be great. And you wouldn’t have to lift a finger really.

But.... you might have $50M in Bay Area real estate by then. 

Tough choice, but if I were you, I’d buy apartments over houses. And keep the 401Ks as an insurance policy. 

@Minka Sha don’t forget 3 very important things.

1) your principal pay down, is probably $400-500/month.

2) rent growth - PB is very desirable and rents will likely continue to go up over time

3) appreciation - coastal CA will always be in demand which will fuel appreciation

You bought it with 5% down so have very little skin in the game. $1000/month loss like @Dan Heuschele calculated is tough to swallow but I’d guess you’re breaking even if you include principal pay down and appreciation.

Rent growth is why long term prime CA real estate is a great long term bet. It makes so-so investments (like this one) great investments in 10 years.