Most new investors want to be conservative on their first investment property, preferring to play it safe with a property that is in an area that is selling well.

Most new investors want to be conservative on their first investment property, preferring to play it safe with a property that is in an area that is selling well.

It can be difficult to switch gears sometimes, & be “unproductive” playing with the kids....I try to keep in mind the quote (which I’m paraphrasing) “don’t be so busy making a living that you forget to make a life”.

Even with the negative cash flow, if they are sold at year 5 (assuming minimal CapEx on a new construction property), I could still profit 40-50k.Are you defining this as a 'equity' play?  

Power to you!  

If you can do everything in your power to come off not as if you want something from them and you are casually speaking , the less guarded and more receptive they become.

(That's how I know I'm not an extrovert, btw, because a true extrovert would LOVE interacting with so many people - not me, I usually dread it before, and am drained/wiped afterwards.)I do it out of a feeling of obligation to help newer members/investors, because I was once new myself, and because I do believe in the power of networking, and to do that you have to be willing to interact with and help people.But if you're new and don't know anyone and anxious about groups in general (especially intimidating is how everyone already seems to know each other or are Super Friendly with each other), you can try to "prime the pump" by asking folks here on BP if they're going, and saying in advance that you'd like to talk to them that night, so you'll have at least one person to definitely talk to.Another trick is that, generally people like people who are like themselves.

If not, I have roundabout numbers to help illustrate the power of a house-hack that you cannot get traditionally.

There are a lot of factors that play into this deal being such a great one for me... but the 1 thing that trumps all is location.Vacancy was and is the scariest thing to me as a landlord.

I love my sisters but I know of one that tried to use her power of persuasion for evil deeds.