All Forum Posts by: Sean Silva

@Joe Villeneuve maybe I should have been more clear, should the increased monthly income be added to reserves and the $1m be used to purchase SFH on a similar trajectory? Or does it make it make sense to step in asset class to small/medium apartment building?

What would you do if your monthly income overnight increased $8k, with no lifestyle creep, and received a 1-time cash amount of $1m? Especially if you were a newish investor who's had 2 previous SFH deals and is looking for a third investment property / vehicle (I.e, REIT, find)?

I am a relatively inexperienced real estate investor - 1 previous house hack where the proceeds from a sale were reinvested in a self-created QOF that owns 1 SFH outright. What would be a good strategy if an investor changed jobs / had a 1-time cash event that: (a) resulted in an $8,000 increase to monthly income (without a change in living style) and/or (b) received $1m without having any debt to repay, so the money was entirely free for investing?

I am assisting my parents list their house for sale. The house is absolutely gorgeous. It is a 3 story, 4 bed / 4 bath, ~5800 sq ft house with an amazing view of Lake Washington. The house was built in 2007 and has many premium features (e.g., plantation shutters, 3 car garage, 3 story elevator, built-in sauna, 2000 sq ft great room, gas generator, and much more). My pre-COVID estimates had the house in the $2.2-$2.5M range, but I was looking for advice on the current state of the market. Ideally they would like to list in within a month (no longer than 2). If you are a real estate agent with experience selling million dollar homes please send me a message with a phone number and I would like to discuss. 

I am a fairly new investor who is selling his house hack and wants to invest the proceeds through a 1031 in Section 8 housing. I really like the idea of providing housing to those who are less fortunate while still being able to be financially feasible. I am looking to invest in the Dallas area and want to know if anyone has had experience getting their property Section 8 approved. So far the internet has painted a rosy picture of it being relatively easy (i.e., as long as the house doesn't need repairs all you need to do is call up the Dallas HUD office and have them review your house) but I am always leery of easy processes, especially when it deals with getting government approval. Does anyone have experience with this and would be willing to provide their thoughts?