All Forum Posts by: Tyler Jahnke

HOLY MOLY everyone...it's been 8 YEARS SINCE MY ORIGINAL POST!

A LOT HAS HAPPENED since then.

I still own a few units out of state in Indianapolis, I still live in California, I invested as a passive Limited Partner in 4 deals so far (some went really well, some went horrible), I've helped out on the General Partner side for a deal in Phoenix, and now finally I own, operate, renovate, and manage my own multifamily deals in the Bay Area. I also host monthly networking and educational real estate events! CRAZY how life plays out, but buying this first property changed my life.

Come on out! It’s March 30th from 12pm-2pm at Original Pattern Brewing in Oakland!

Hello everyone!

I'm back 7 years later! WOW...what a RIDE it has been. To catch everyone up to speed on where this journey has taken me:

-I sold this house in 2018.

-I bought another single-family home in Indianapolis which I still own today. Bought it for $86k and did a cash out refi in 2021 when it was appraised for $155k.

-I bought a duplex in Indianapolis for $150k. Also did a cash-out refi in 2021. Worth ~$200k now.

-I invested passively in 3 apartment complexes (Louisville, Phoenix, San Jose)

-I'm a general partner on 3 apartment complexes. One in Phoenix which we sold in 2021...and investors received 100% return on their capital in less than 2 years. One in Sacramento. One in Oakland, CA which we just closed a few months ago.

I never thought my journey in real estate would get to where it is today after buying this little house sight unseen. Wow...was I naive at the time. But it got me started.

Now I focus on buying and renovating apartment buildings with partners and investors! We specialize in finding tremendous value-add opportunities in supply-constrained markets like the SF Bay Area. On our latest deal (a 9-unit in Oakland) we're in the process of adding 3 new units as ADUs, which dramatically bumps up cash flow and property value.

My company's mission is to build wealth and housing!

If you'd like to connect, send me a message! I love chatting with anyone and everyone!

@Account Closed - oh yeah, definitely does not come without risk. Everyone should do their due diligence in any investment! And it should not be seen as a typical savings account with an established bank.

@Account Closed - I'm not recommending anything...just putting my thoughts out there on what I would do if I was in his situation/what I am doing personally.

To further explain my crypto play: the value of 1 USD coin always stays the same...it always equals $1 USD because it's backed by that currency. So if you convert $100 USD into USD coin you'll have $100 worth of USD coin. It should not decrease in value.

But, the value of his account will rise as BlockFI and Celsius pay 8-12% annually on any USD Coin you have with them.

*Always do your own due dilligence, I'm 100% NOT a crypo expert. I'm trying something new and have been researching ways to capture a higher return on my cash that's just sitting around (I was getting 0.5% from Ally before and now I think I've found a better solution)*

My guy @Drew Sing - you got a lot of options, but this is what I would personally do (but, I'm not saying this is what YOU should do):

1. Calculate what your 3-6 month living expenses are and classify that as your Emergency Fund

2. Convert Emergency Fund cash into USD Coin, keep it with a platform like Celsius or BlockFI and get a 8%-12% return on it to sit there without any fluctuation in the value of USD Coin. *Do your thorough research and understand what you're getting into...these platforms are not FDIC insured so it may not be for you*

3. In this order: use your HELOC + any extra cash after calculating Emergency fund + sell the needed stock to house hack a 2-4 unit with 25% down and live in one unit so it's a primary. You could also do this with a SFR if you're still comfortable renting out rooms.

NOTES: Property would be on the worst block in the best/hip neighborhood of an A/B neighborhood. If you could find a property and afford it by ONLY using your HELOC I'd try to go that route so you don't have to touch your stock holdings or cash. Any extra cash you have I'd put in the market or invest in an income property with a partner.

*Not saying this is what anyone should do, this is just what I would do and what my initial thoughts were without much thorough analysis or thought hahah take it with a grain of salt*

-Tyler J.

Hey @Jonah Walker - you might not like my cliche answer, but if you find a good deal, go for it. It's pretty much impossible to time any market.

Keep looking! The Midwest is scattered with towns that can achieve the 1% rule. Remember, just because the listing price doesn't meet the 1% rule, doesn't mean you can't negotiate it down to hit your criteria. That's what investing is all about!

Best of luck!

-Tyler

Hey @Stephanie Barthelemy - without reading through the 3 pages of replies, this may have already been said, but long-distance real estate investing all comes down to your relationships and TEAM on the ground in your investment market.

Spend the upfront time and effort to build those strong relationships on the ground once you decide the market you want to invest in. Hop on the phone, get on Zoom calls, fly to your maket, shake hands, show people you are serious, and you'll eventually find the right people to work with.

Best of luck!

-Tyler

Hey @Sannibel Carter - I'm just here to say CONGRATS for thinking about your financial future at such a young age!

I'll give some generalized advice that has helped me tremendously:

-never stop actively networking. Connect with people here, on Facebook, Twitter, IG, etc. and hop on Zoom calls with them. Get to really know them! Make some friends! Any you never know, maybe 1 year, 5 years, 10 years down the line opportunities will come knocking at your door

-never stop educating yourself. Podcasts, books, blogs...always keep learning!

BEST OF LUCK and HAPPY INVESTING!

-Tyler