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All Forum Posts by: Chris F.

Chris F. has started 22 posts and replied 119 times.

Post: Have $2 Million, what to do?

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22

@Jerry Shen I agree with the sentiments already oulined so far. As with any investment vehicle, the same principles of diversification and starting small apply. It may be easier to just dump everything into one property/investment, set it and forget it. But much like the stock market, you're gambling on an Apple or a Google, and may end up with a Theranos;) If you diversify, and one of the deals goes south, your losses will be offset, and you can get out and move into another deal. Don't go all in, or you'll go broke really fast. There is a learning curve, and it's a financial one, and it can be harsh. You may not have the economies of scale from larger buys, but you can offset with all cash offers and rehabbing. Real estate is a long term play so you want to look at the roadmap and see where you want to be in 10 years.

That's my 2 bitcoins, anyhow.

@Ben Leybovich I would cut him some slack. Charisma aside, he has a need, and is bringing something to the table, I think.

Post: breaking the mold

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22

Strive to break out of this cycle..

Ann Arbor prices will always remain stable due to the influx of cash from the U of M.

Post: Another success sorry

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22
https://ca.finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html

Post: Another squatter story

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22
http://www.myfoxdetroit.com/story/26889257/homeowner-wants-to-sell-house-but-says-squatter-wont-leave

Hot markets are expensive. It depends on where in the curve you catch it. Better to find up and coming markets with more upside potential.

Post: Time shares your thoughts

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22

Along these lines, any thoughts on fractional ownership? seems like it could appreciate with the real estate itself, and less like a rental, more like owning a shared vacation home.

Downside is a significant investment.

Thoughts?

Post: 4-plex+ in (North) OC for $400k - $550k: pipe dream?

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22

don't forget closing costs!

Post: I NEED HELP CONFRONTING A SLUM LANDLORD..

Chris F.Posted
  • Denver, CO
  • Posts 131
  • Votes 22

call me crazy, but regardless of all else, I don't see him foregoing 150K in equity so he can avoid 25K in repairs.