Ardian Selimi
22 with 200k liquid looking to get my first property
8 March 2024 | 31 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
Logan McGregor
Convoy Home Loans
8 March 2024 | 1 reply
haven't actually borrowed from them yet but they have great reviews and are very responsive in correspondence
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Hey Theresa,Some dates were rounded for the sake of example and seeing your response I guess it should be more clear.
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Shu Matsuo has said in his content that you can go, buy a house, and then have someone take care of it while you aren't there.
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His name is Ali Behaein and his phone # is [REMOVED].
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His existing sewer lateral apparently runs under his neighbor's lot, to a manhole located in the neighbor's backyard, where both his and the neighbor's sewer laterals connect to another line that runs to the sewer main under the street.
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What are some tips for analyzing "rescue capital" investments as an LP?
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If you had $300k liquid how would you start RIGHT NOW?
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Based on how you answer the questions above will dictate the responses from other BP members.
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Hi Loren, Zachary, and Benjamin,Thank you for your responses.