All Forum Posts by: Simon Ashbaugh

I've been debating this for so long and I just can't decide what's best. I live in Greater Vancouver, Canada.. Would it be best to invest in a non-appreciating duplex that cashflows well (in Saskatoon or Edmonton- compare to midwest for US folks) or a non-cashflowing detached home in the coastal region of Vancouver area (think Seattle!) where there is tons of appreciation but NO cashflow. We would have to supplement the rent for a few years, but these properties are million dollar homes with great value. I'm so torn. what would you do? We have a decent amount to put in for a down payment (200k) but would stay with the 20% downpayment if going with a cheaper property (400-600k). We want to maximize our money to go as far as possible. Help please!! thank you so much for any responses!!! 

When people say buy for cash flow, you can survive market downturn. You do realize if we ever have a deep recession, your renter can't pay rent? Any market down turn wil impact you whether you're a cash flow only or an appreciation guy. 

Buy good houses in good areas where there's favorable landlord laws, growing population, and economies are strong. Houses are priced relative to quality of selection. If you haven't realized that, you're no investor you're bait.

I am just starting and managed to buy a cash flow rental just before the interest rates went up.  I want to buy and hold and try to build a cash flow portfolio, but the doubling of property values almost everywhere has me wary.  Houses that sold for X two years ago are now listed for 2X and 2.5X.  It just feels wrong.  It also makes it really hard to make the 1% rule, let alone 2%.  I am sure I am not saying anything novel, but I havent seen a forum where this topic is specifically discussed.

Is anyone else spooked about buying houses that have so dramatically increased in cost in such a short time?

Equity comes, equity goes, but the cash will always flow. - Pace Morby

Buy for cashflow! It will allow you to succeed in any market cycle.

I hired a guy to do some drywall work, he did part of the job so I paid him 1/3 of the money (500$) then he disappeared. Just talked to his brother earlier this week, turns out he is in jail. Should I try and get my money back from him or wait till he is out of jail (no idea how long that will be). Has anyone had this happen? Any recommendations?

Thanks!

Hi Everyone,
I am based out of San Fernando Valley in LA county. If anybody is else also near by would definitely be great to meet up or connect. I am looking for real estate meet up groups.
Given that I live in SoCal, seems to make sense to invest in out of state. Hoping to learn more, just recently bought David Greene's long distance real estate investing book. Other advice that you would like to touch on or piggy back from the book please share. Would love to hear.
Thank you everyone!

Hello BP Community,

My name is Jonathan Youse, I have recently moved back to my hometown of Columbus, Ohio from CA. Currently my wife, daughter and I are living with family and saving steadily each month to leverage our future differently. During the transition I found a lead on a sizable SFH opportunity that requires significant renovation but has a high potential return. I began researching and self educating on Real Estate Investment.

It has been 10 days since I joined BP Pro. In that time I have secured two realtors, pre-approval for an investment property, and most critically a successful and experienced mentor with access to additional private funding. This is my starting point. If successful, the capital earned from this first experience will roll into future projects. 

If you are local to the central Ohio area and would like to connect on potential partnerships, please reach out. 

Good luck everyone.