All Forum Posts by: Sean Lee

Hello,

Does anyone have experience buying an investment as a “secondary home” or a vacation home as an investing strategy? Buying a secondary home allows for better loan rates and lower down payment but you need to “live” in the home for 12 days or 10% of the rental period in a given year - whichever is greater.

It would great to hear if you’ve personally had success with this strategy.

Thanks in advance!

@Nicole W. Hi - what cities are you specifically investing in/seeing those comps? 

thank you!

Hello! 

Any investors out there having good experience with cash flow (~4% cap rate and above) on single family, duplex, condos with a purchase price of ~200k in any particular city? I'm looking to invest out of state and I'd like to know if you have personal experience finding decent deals in a particular city. Websites all over claim good cities for cash flow but its really all over the place and no website seems to be consistent. 

Thanks in advance. 

I’ve been looking through the Austin area in Texas with a target price of ~$250-280K with 20% down.

With the general rental prices, I’m finding that it will be difficult to cash flow immediately. With cash flow being a priority have you seen the ability to immediately cash flow in other areas of Texas with this target property price?

I’ve house hacked my house and I’m now looking to invest out of state with 100K in hand.

My main area of interest is Texas - areas like Round Rock, McKinney, Rowlett, Georgetown, and Plano.

Is anyone familiar with any of these places and has advice for a semi-new investor? Do these areas cash flow well? I’m mainly looking at duplexes (or more) around the 400-500K range.

Thank you!

@Tony H.

Hey Tony! Good to meet you. Sacramento definitely seems like a good area to invest in. How far along are you?

@Greg Scharlemann

Hey Greg, thanks for connecting. Have you started investing yet or are you still looking around / learning?

Hello there. I am graduate of the University of California, Berkeley with a bachelors of science in Civil Engineering. I worked for a general contractor for 4 years and now I’m working for a commercial real estate company, managing the set up and construction of real estate developments in the SF Bay Area.

I’m looking for a support group/community to bounce ideas off of and really just grow together in effort to get started in residential real estate investing. It would be great to share new knowledge that we get reading books or boots on the ground experience.

I’d love to connect and join you in your journey to true financial freedom! Two is better than one and really more the merrier. Message me and let’s get started!