All Forum Posts by: Tucker Marshall

@Nik Moushon Thank you for the warm welcome and insights. Yeah an MBA not being worth seems to be a repeating pattern from what i'm hearing so far which is helpful. I have read the James Petty book and loved it! Super helpful and definitely a continued reference. And I have heard of mixed feelings about the Johnathan Segal classes, did you take them? If so, what was your overall impression? A+D is where I want to go and REI is the foundation i'm going to build to get there.

@Jake Baker Agreed, I'm leaning towards backing out for the reasons you mentioned. And also agreed on the need to team up to share knowledge / experience. That is an aspect of my business plan I need to further develop.  Appreciate the insights.

@Jared W Smith Thank you! Looking forward to it.

Hello BP!

My name is Tucker, I am a multi-family Architect, I live in San Francisco, and I am quite new to BP and REI in general. I have always wanted to get involved with you all, but always felt the HCOL of the Bay Area was an impassable hurdle. Listening to David Greene's webinar last night made me realize that long-distance REI may be my way in and eventually I can work my way back to Bay Area. Long-term I want to produce a portfolio of rental properties that will support a future career in developing and designing my own real estate projects.

So basically I have some large questions before getting started and I am really hoping you all can help me out. I have a few listed below, but please do not feel the need to follow those prompts...any advice would really be greatly appreciated!

1. I have been accepted into a local Part-Time MBA program in the Fall but I am still on the fence for attending. I want an education in accounting, investment and real estate tax law but with the $50k cost of the overall program it seems more of a hindrance than a help. Is self-education the way to go?

2. For those of you in HCOL markets, did you start out looking at long-distance markets first, or house hack locally, or manage to still find solid to opportunities at low cost within driving distance to BRRRR or flip? What route do you feel was most successful?

3. I want to leverage being a licensed architect as much as possible during the REI acquisition and rehabilitation. Any specific insights on how best to do that in your experiences?

Hope you all are doing well, and I really appreciate you for taking the time to help out a rookie!

Best,

T