All Forum Posts by: Trey Sutliff

@Simon Cox thanks for the insight. It's educational just being able to talk through my logic. I appreciate the reply!

Trey

Hi all, As I continue to educate myself on investing strategies I had a question on Cash on Cash returns. I'm assuming that your willingness to invest in a place with a lower cash on cash return would be dependent on two key things for the most part:

1. How good of condition is the property in

2. Historically how easy has the property been to rent

My reason for asking is, would I be willing to take a lower return - 6-8% if the multi family is in top condition and renting it is relatively painless (so less overall risk). Vs. taking a 10-15% cash on cash return when the place may need continues improvements and vacancy rates could be higher.

Is my logic accurate here?

Thank you!

Trey

Hi all- I'm loving The Brrrr Method by David Greene. The challenge I have in a hot expensive market like I live in, is determining whether it's the right strategy when just getting started? It takes a full cash payment vs. financing on the front end. I really love the concept but feel it could delay my "jump in and get started" attitude and I could use it as an excuse until I think I have enough saved to make a full cash offer. Or, do I jump in with the standard multi family financing or house hacking to get my lumps and learn and use Brrrr as a stretch goal down the road. Sure, I could go to an outside market that is a bit less expensive and Brrrr but that seems high risk if you ask me. Just thought I'd get the great minds of BP to weigh in. Thanks for listening!

Trey

@Jordon Bell thank you for your thoughts Jordan. I'm super excited and may look at option 1! I am considering doing a one year house hack with a multi family home while also rent my primary as well. I like the idea of living in my multi-rental for a year to really immerse myself in all aspects of real estate investing - from investing to property management. I think there would be a lot of leaning gained in that approach.

Trey

@Gaetano Ciambriello thanks for your reply. I hadn't heard you can put as little as 3.5% down if it's owner occupied? Tons of fees I'm sure to do that?

@Stephen Brown thanks Stephen. Ohio would definitely be a out of state market that I would consider.

@Brad Hammond totally makes sense. It's a battle of mine. I like the idea of turnkey but then again, if it's turnkey I know I'm leaving money on the table by me not being more actively involved.

Thanks for your reply!

Trey

@Jaron Walling thanks Jason. I'm involved in the stock game too. I like the idea of cash flow as well as appreciation. Where real estate success is an output of the work I put in, stocks are at the mercy of something out of my control. I do like to get my hands dirty a bit.

Thanks for your reply!

Trey

@Peter Anderson. Thank you Peter. I'd love to connect with you. I'll reach out. Thanks again!

Trey

Hi All! I'm a new investor licking my chops

to get in the game. I live in Stamford, CT (30 miles outside NYC. Needless to say, Fairfield County where I live is expensive and so are most neighboring towns. I have about $80k I can start with to get my investing underway.

If my goal is to build wealth, do I get multiple homes in less expensive neighborhoods out of state ( where I'd need to go turnkey)or stay in state where I can maybe get 1 or possibly 2 properties but stay closer to my investments. As a rule of thumb, what is the best bang for my buck?

Thank you!

Trey