All Forum Posts by: Travis Boyd

Thank you, @Jonathan Greene for the encouragement and intro to @Leka Devatha. I look forward to checking out Real Estate at Work.  @River Sava, thanks for your willingness to connect!  I'll reach out sometime soon. :)

Hi all!

I am new to real estate investment and planning to start ramping up long term rental properties in 2025, however my first two primary residences were both converted into MIL's and rented within months after closing which effectively followed the House-Hack tactic (we currently rent our furnished basement to primarily traveling nurses for 3-6 months at a time which covers 70% of our mortgage). Now I plan to build a real estimate investment portfolio focusing on a buy and hold strategy (BRRRR) through multifamily properties surrounding the Snohomish County and Everett area (north of Seattle). I am more familiar with single family residences so will likely start there. I'd like to keep my properties within a 30 minute drive from my South Everett residence.

A fun fact about me outside of real estate: I love distance running and cycling. I previously held the Guinness World Record for fastest half marathon pushing a baby in a stroller (Heroes Half Marathon in Everett, 2013 in 1 hour, 13 minutes) as well as fastest half marathon pushing two babies in a stroller (Snohomish River Run Half Marathon, 2017). As you've guessed, I have three kids. :) We homeschool and I'm planning on making this a family business.

My team of three young kids that like to earn money for simple yardwork and my supportive wife are just the start of my team. :) I am hoping to network with all relevant professionals in the field...especially like minded investors in my local area. I would also love to connect with agents with experience in cash positive single family and multifamily rental properties relevant to the BRRRR model in Everett and the surrounding area. I also hope to build my network of lenders, contractors, etc.

My highest priority currently is learning and practicing to identify and analyze properties. If you're open to connect, please reach out!  @Scott Trench, thanks for the example intro post!

Thanks for your thoughts. I'm paying $2,400/month and getting back $1,600, so only paying $800/month. The wife and kids would prefer to stay. :) I'll likely do the HELOC and not worry about the extra taxes on gains over $500k when I finally do sell someday.

Hi all. I bought our primary 4 bedroom residence in 2020 for $930k and it has increased in value to $1.43m (woo hoo!). Now that the value has increased $500k, any additional increase will be taxable income when I do sell. I am planning to begin investing in multifamily rental properties in 2025, so I'm considering if I should take out an equity line of credit to finance my first investment (my current plan), or sell my home given the $500k value increase and do a house hacking  multifamily residence to jump start building wealth through real estate investment. We love our home which has a $2,400/month mortgage and we rent the furnished MIL downstairs for $1,600/month, so I plan to do the equity line of credit and continue living in this home. How much thought should I put into the selling my home to avoid the future taxes from growth compared to staying in my home another 20-30 years?