All Forum Posts by: Steven Ko

“There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”

The article links to some app so I was not able to read it easily. I can’t really comment on what it says.

Then Depending on how long you’ve had your home, you can easily go over the 250k thingy. My parents home value has tripled. They’d be paying taxes on $1m (even with 500k tax free thingy). As of right now, I assume people are still paying over asking. If prices drop, more people might be interested and it still might be hard to get a property.

And with the recent ipos, I’m sure many people are able to realize their gains now. Lots of jobs here. Lots of opportunities.

I’m not saying it’s going to be the best market, but I don’t think it’ll be a bad market. Sometimes I don’t think people realize how much wealth is in the Peninsula. I’ve painted a few houses in the hills and I don’t think any of them will feel the squeeze from a recession.

I just came back from visiting the city and street parking was 7.50/hr on Valencia st. People be putting 2 hours on their meter :0 I just got my smoothie and left.

I guess another thing is I stopped believing headlines.

House hacking is always a solid choice

Depending on your living conditions (wife and 3 kids might make it difficult). I’m more worried about the “I could visit there if I need too” idea. I recently did exactly what your asking: Packed up everything in the Bay Area, my partner and I moved to Pittsburgh, going to Airbnb rooms in our primary. But please please visit the area first. Our first choice was Salt Lake City. Let’s just say being Asian made it a little tricky.

At first I wanted to move into certain neighborhoods because of the schools, which wasn’t a bad idea, but it was not what I wanted and decided to move closer to the city.

I don’t think I made the best financial decision but I am unhappy in the Bay Area so mentally, it’s a big step in the right direction. Not too sure what your financial situation is but I can say there are many people out there are preying on oos investors/buyers without a lot of knowledge.

So as many people are bringing up the benefits of house hacking, for the love of whoever, at least visit the area first. It will help you make the gut feeling decision you are making.

As an adult, I still enjoy my bubble baths. When renting apartments, it was definitely a consideration. I’d vote for tub also. And storage under the sink.

Looks like this could be in one of those All State commercials. Protect yourself from mayhem like me.

talking with your insurance agent will probably be the easiest most straightforward answer. The renters should get renters insurance. It’s been required for me while I rented apartments in Cali.

*insert sexual joke here

The best advice for an llc is what Brandon turner says all time.

It seems like all people care about here are their spreadsheets and number of units. There are a lot of success stories that get shared on here but there are probably way more stories of people who fail that aren’t being shared. I guess I just find it funny that these people know nothing about your personal situation and the most common answer is “use more debt”.

A book I read said, “no one cares more about your money than you.” I’m not saying using debt is bad advice but maybe they have more experience than you, or using opm, etc. it’s easy to get fomo when you see everyone else around you being “successful” and it’s easy to get suckered in.

By no means am I saying don't invest in real estate. You should invest in real estate. But just be careful taking advice on here so quickly. usually I say do what makes you comfortable. I like to pay all cash, but it's getting expensive so I'm looking into 40-60% down payments. I like SFR and most people would tell me to buy MF. That's the cool thing about investing is there are a million and one ways to do things :)

i know bp is all about leverage and growing as big and fast as you can. But I like to air on the side of caution. Don’t forget leverage cuts both ways. No deal is better than a bad deal.

Never though laundry detergent would be an issue lol. Maybe your chasing the wrong type of guest.