All Forum Posts by: Tanner Marsey

Drop that thing and get it sold! Your realtor is suggesting an 11k price drop. In the long run.... thats nothing. Peak season is coming to an end, holidays around the corner and people getting nervous/worried about a down turn.

@Andrei Zamfir

People have been saying that since 2016.... here we are approaching 2020.

Buy a decent deal. Have reserves. Be flexible, to a degree, with your numbers. (Rent, returns, etc) and invest. You should be doing this in a booming economy or in a downturn. I’ve said it on here before and I’ve said it again.... pretty much everyone was struggling in the last GFC. Not sure where the idea that mom and pop, small time investors are going to absolutely crush it the next go around. Your 100k acquired by not investing isn’t going to go very far when you can’t get loans/credit. Take advantage of the cheap money we have access to at the moment. I’d summarize it by saying “be aggressive but responsible”. Good luck!

Dave Ramsey teaches and preaches some of the most basic, obvious and mundane financial strategies. Which is what 90% + of people want/need. It’s really common sense stuff but sometimes people need to be told what to do or follow a certain program in order to achieve that. “Don’t go into debt” “pay off your debt aggressively” “don’t use credit cards” “don’t buy cars new/with financing” “don’t over extend yourself”

Thanks, Dave. Real ground breaking thoughts and ideas you have!

I think he does a lot of good for people but he also causes a lot of people to leave a lot of money on the table. To each their own.

Haven’t read the other replies so forgive me if this is repetitive.

You’re a young guy. If this girl is the one that you’re going to marry, have a family with and all the other stuff.... you have two options. Explain to her why you want to pursue RE as an investment and get her on board or pursue other investment vehicles that she’s comfortable with.

Many people, especially on this forum, think RE is the holy grail of investing. There are many other avenues to pursue. Having one or two rentals probably isn’t gonna have you retiring 15 years early and probably won’t be life changing. So you really need to decide if this is something worth pursuing if your wife has some opposition. If she’s not on board get yourselves some good W2s, save, invest in stocks, 401k, whatever else you see fit and enjoy life. Just like 95% of the population does. This stuff isn’t everything.

Good luck and congrats on your engagement.

You’re dealing with a type of tenant the majority of us will never cross paths with. You have to deal with them how you see fit. 

ca is a whole different ball game. Especially on the coast or anywhere near it. It’s a long play, appreciation, rent increase type deal. Yes, it’s pricey to get in the game but the long term pay offs can be well worth it. You’re lucky to break even on a property here from the get go. I haven’t been a renter here for quite a few years but when I was.... I expected my rent to go up 100 bucks a year. Minimum.

You will eventually achieve cash flow and appreciation will do its thing, too. Over time.

Also, investing an hour or more away from the coast is, in my opinion, a waste of time and money. You pretty much get none of the rewards of investing by the coast but all the negatives that come along with Ca investing.

Good luck!

Harsh...but if it works for ya.... do your thing.

Be more flexible with your numbers (less return)

Go make deals instead of trying to buy ones that are presented to you

Find a way to pay cash. Save up. Partner up.

Get outside of the market he operates in.

Pursue an asset class he may not be interested in.

I’m wishing you well and you’re still sour.... 

all the best. You’re gonna need it....