All Forum Posts by: Zachary Sexton

@Stone Jin Thank you! This is some amazing perspective.

@Ali Boone oh no! Were you bashed in the posts? I didn’t see any comments that called particular people out (beside a podcast guest). I agree. The BP podcast (which Ive been binging on) has lots of different stories. Some I can totally see myself doing. Others, not so much. I’m still finding my way and would obviously like to pull the trigger when a low cost tide is at my back. I’m reading a book on the Great Depression right now that talks about the importance of staying liquid so you can pick up deals in stocks and real estate. Seems like a smart move. I just need to be carful about making savings or timing a form of procrastination.

@Russell Brazil That’s the type of strategy I’d like to emulate. Saving for my 20% plus closing costs now :-)

@Matt Shields That’s the concern I have. You can’t time the market, but it is cyclical. Every 6-12 years there is a downturn. We’ve been on a long run (10-ish years) and I live in a particularly hot city (Austin, TX). I’m looking into alternatives to finding deals (PPC advertisIng/driving for dollars) but I’m not ready to tie up $50 to $60k in an unprofitable education. (I’ve already done that once w/ college ;-)

Since getting a W2 job two months ago, I've focused my spare time (and mental energy) on managing and investing my fixed income. 

The two biggest sources of information/inspiration have been Bigger Pockets (BP) and a financial blog called Mr Money Mustache (MMM). On whole, BP is more about growth and opportunity. MMM has a more conservative live below your means approach. Both appeal to me. This morning I read a MMM forum post that I think gives a fair critique to BP: 

https://forum.mrmoneymustache.com/real-estate-and-...

Personally, I love the podcast and feel like the hosts do a great job selecting and interviewing guests. I also know it's not going to be easy to find deals in the current market. I want to take action. But I'm also okay spending the next year or two learning, networking and saving for the next market correction.

Does anyone else resonate with the 'slow your role BP' MMM folks?

@Michael Lam Thank you! I’m putting these in my calendar now. Which ones do you attend? I’d love to buy you a drink and hear more about your brokerage.

Thank you for posting this! You saved me a weekend.

I'm also wondering if there is another REIA in Austin. I did not enjoy the salesy vibe of this one (https://austinrenc.com/). 

Zack

FYI, this post is the top search result for 'The Big Live Event Austin' :-) 

Thanks, @Dan Barli. Smart approach. And yes. I am planning on using the forum as a source for agents/lenders.

My wife and I would like to house hack our first home. The podcast mentions getting pre-approved for a loan and finding a real estate agent as the first two steps. Easy enough, but I’d to avoid working with a pushy agent that makes us feel bad about waiting for the right deal or a slow mortgage broker that causes us to miss out on a deal. Both of these things happened to us last time we tried to buy (in the competitive Austin, TX market). This time we plan on interviewing a few candidates before hand to find the right fit. What are some questions I should ask the agent? What about the lender? e.g. “Do you invest in real estate?” Thanks in advance for any thoughts!

Don't worry Anson Young. I'll have a beer with you.

Mary B. I like your crawl strategy. I like to think crawl with action because I tend to get stuck in the idea/research stage.