I want to get in RE but...

Starting Out
6yFollow

I want to get in RE but...

Ryan A.
Walnut Creek, CA · Member since 2020 · 23 posts · 8 votes

Hi Everyone,

I’ve been lurking for a few months now and this is my first post here after trying to get a lay of the land. Apolgies if it’s long, just a lot on my mind.

About me:

- Live in the East Bay Area

- Wife and I are both 27 and make good money for our age I believe ($315k combined) with room to increase it in the coming years. Hoping that doesn’t come across as bragging, just want to be honest.

- Want to buy a house in either the East Bay or Sac in 2-3 years.

Now to my question:

- After all expenses and maxing out our Roth 401k’s, we currently still have ~$7,500 left over to save for our downpayment which is great, but fast forward 3 years down the road after we hopefully own a home, where should that extra money go? Either RE or mutual/index fund.

- I really would like to get into REI, but I'm having a hard time wrapping my head around taking on a lot of debt and potential worry when owning multiple homes and not just taking the 7-10% return over a 25-30 year period in the mutual/index funds.

- I'm also in the Bay Area so REI is tough from what I've read on here and at this point I don't feel comfortable investing out of state since I'd like to have a little more control and visibility into my properties. This could be my naivety talking here.

- I feel like if I were able to max out two 401k's (mine and the wife's) and then add another $7k each month towards, we'll be sitting pretty 25-30 years down the road and we wouldn't need to take on the risk of REI.

Would love any help or first hand experience if there’s anyone out there that has had a decision like this before!

Thanks ahead of time,

RA

2Reply
127 views

Most Popular Reply

Account Closed
Rental Property Investor · Oakland, CA · Member since 2014 · 730 posts · 1k+ votes
6y

If you’re able to invest $7k/month in the stock market plus maxing out 401ks, that’s basically $115k+/year you’re able to throw at the S&P. You’ll definitely have over $10M in 25-30 years, which would be great. And you wouldn’t have to lift a finger really.

But.... you might have $50M in Bay Area real estate by then. 

Tough choice, but if I were you, I’d buy apartments over houses. And keep the 401Ks as an insurance policy. 

12Reply
See this reply in the discussion

72 Replies

Jump to latestLatest
  • Jaspreet Baveja
    Lender · Palo Alto, CA · Member since 2017 · 142 posts · 91 votes
    6y

    @Ryan A. - I am in the East Bay (same city as you) and Kudos for your earnings, planning and goals! I would say REI is definitely something you should add to your portfolio! Now, whether you want to buy and hold in the Bay Area, Out of State (for actual cashflow), or house hack - totally up to you! However, if you want to be more passive in your approach, you should STRONGLY consider the Private Lending space. Especially if you are able to get a free consultation with a lawyer to review the documents, go through a reputable Title Company, vet the borrower and have fully drawn up document packages! This is what I do now and have had tremendous success over the past 2 to 3 years! There's also syndications (especially for an Accredited Investor) on CrowdStreet and such platforms as well. Let someone else do it with your money, and if you want to, jump into it yourself as well! Best of luck and feel free to reach out if you ever want to chat / meet (when the insanity ends)!

    0Reply
  • Ryan A.
    OP
    Walnut Creek, CA · Member since 2020 · 23 posts · 8 votes
    6y
    Originally posted by @Matthew Terry:

    @Ryan A.

    I'm in a similar situation as you. It took me a few years of researching, education, and networking to take the plunge. What I've come to realize is that there is greater risk in W2 income than in real estate and returns for REI not only crush 401K and ETF investing returns, but you have access to some of that money immediately. You will replace your W2 income with passive income, while still building net worth through equity, much faster than when you hit 59.5 years old. You have much more flexibility and control in REI than you do in stocks and W2.

    However, REI does take slightly more effort, unless you do syndication which still easily doubles the average 8% return of the stock market with similar risk. It is a no-brainer if you care about making as much money as possible without tremendous risk of something like investing in a start-up or trading the news with options. Don't get in your own way because of fear. At least try it out, you are young enough and make enough W2 to make mistakes and still be financially secure for life.

    Yea I'm definitely leaning more towards the REI side of things now after talking with everyone on this thread, especially since I'm double-maxing our 401ks. One of my main goal with my investments is to diversify while also still getting good returns (isn't that everyone's goal haha)...and I also enjoy real estate. I'll look more into syndications. I've had a couple people reach out and mention syndications so there must be some merit to them. Are you part of a syndication?

    1Reply
  • Ryan A.
    OP
    Walnut Creek, CA · Member since 2020 · 23 posts · 8 votes
    6y
    Originally posted by @Jaspreet Baveja:

    @Ryan A. - I am in the East Bay (same city as you) and Kudos for your earnings, planning and goals! I would say REI is definitely something you should add to your portfolio! Now, whether you want to buy and hold in the Bay Area, Out of State (for actual cashflow), or house hack - totally up to you! However, if you want to be more passive in your approach, you should STRONGLY consider the Private Lending space. Especially if you are able to get a free consultation with a lawyer to review the documents, go through a reputable Title Company, vet the borrower and have fully drawn up document packages! This is what I do now and have had tremendous success over the past 2 to 3 years! There's also syndications (especially for an Accredited Investor) on CrowdStreet and such platforms as well. Let someone else do it with your money, and if you want to, jump into it yourself as well! Best of luck and feel free to reach out if you ever want to chat / meet (when the insanity ends)!

    Hey neighbor! Private lending is interesting for sure. Never heard of it. Where did you start when getting into REI?

    I found this property earlier today in Sacramento and got it to cash flow ~$800/month after all expenses and a 9% CoC return. Am I missing something on why people who live in the Bay Area are investing OOS so much?

    https://www.zillow.com/homedetails/4319-Zephyr-Way-Sacramento-CA-95821/26043592_zpid/?

    0Reply
  • Jaspreet Baveja
    Lender · Palo Alto, CA · Member since 2017 · 142 posts · 91 votes
    6y

    @Ryan A. - I had a SFR rental in Walnut Creek, condo in Dublin and have since moved it all OOS. The sheer level of leverage a tenant holds in CA is insane to me. The durations and processes of handling bad situations also scare me. I've already had to pay my mortgage on a tenant occupied condo for 6 months before, with no income, as that's what the judge decided to award her as a "reasonable time to vacate" due to non-payment of rent, due to a single mother with 3 kids!

    Anyways, I'm sure there's plenty of resources here around active investing, but I went to Notes (originating my own) as a form of passive income and I prefer this way more. I invest in syndications as well for passive income! Feel free to PM if you want to discuss those. Best of luck man.

    1Reply
  • Daniel McNulty
    Financial Advisor · Indianapolis, IN · Member since 2018 · 294 posts · 165 votes
    6y

    @Ryan A.

    To be frank, real estate can be whatever you make it. Some people are really hands on, others are passive. There are so many ways to be passive from turnkey properties to equity syndicates, debt syndicates and even direct private lending like @Jaspreet Baveja does.

    What ever you do, consider both your effort and the $ amount you need to take your first swing. SFR in CA might cash flow, but it is a lot bigger commitment than buying a duplex in the midwest for less than 100k. To put it another way, 800 / month in cash flow should calculated against your down payment. Use a simple ROI calc so you can compare apples to apples. However, investing OOS (Out of State) requires much more planning and education. There are trade offs as with everything in life.

    I would issue a word of caution to crowdfunding sites, I know for a fact that many have mediocre underwriting and compressed timelines that prevent proper due diligence. Use cation, your best judgement and the community here or elsewhere to vet opportunities.

    No matter what, keep that savings rate pumped up and you'll be in better shape than most, based on calculus of your bay area income.

    Good Luck!

    Danny McNulty

    Financial Advisor

    0Reply
  • Ian WalshBusiness Member
    Lender · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
    6y

    Give yourself reasons to do it as opposed to the other way around. You also don't have to take on debt to begin. There are avenues that can build a stream of income like wholesaling or being a Realtor. I wouldn't touch my IRA unless I knew exactly what I was doing. I would have lost it all if I started that way.

    0Reply
  • Jim K.
    Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
    6y
    Originally posted by @Ryan A.:
    Originally posted by @Jaspreet Baveja:

    @Ryan A. - I am in the East Bay (same city as you) and Kudos for your earnings, planning and goals! I would say REI is definitely something you should add to your portfolio! Now, whether you want to buy and hold in the Bay Area, Out of State (for actual cashflow), or house hack - totally up to you! However, if you want to be more passive in your approach, you should STRONGLY consider the Private Lending space. Especially if you are able to get a free consultation with a lawyer to review the documents, go through a reputable Title Company, vet the borrower and have fully drawn up document packages! This is what I do now and have had tremendous success over the past 2 to 3 years! There's also syndications (especially for an Accredited Investor) on CrowdStreet and such platforms as well. Let someone else do it with your money, and if you want to, jump into it yourself as well! Best of luck and feel free to reach out if you ever want to chat / meet (when the insanity ends)!

    Hey neighbor! Private lending is interesting for sure. Never heard of it. Where did you start when getting into REI?

    I found this property earlier today in Sacramento and got it to cash flow ~$800/month after all expenses and a 9% CoC return. Am I missing something on why people who live in the Bay Area are investing OOS so much?

    If I were you I would sit down with my wife for a long talk, then move into the absolute cheapest one-bedroom apartment on a bus line that goes past your place of work that I could find. I would sell whatever I was driving and invest in a $5K Toyota or Honda gas-sipper as a family car and for your wife to drive to work. I would establish an initial annual budget of $30K above and beyond what I paid for rent and gas, with an aim of driving that down to $25K in two years.  All my money would go into broad-based index funds through every tax-advantaged savings vehicle I could utilize or create. I would spend five years in that apartment, and in that time learn everything I could about personal finance and real estate in a subspecialty that I found interesting.

    Five years later I would reassess with at least a million dollars put away for retirement and how to spend my money wisely for the benefit of my family fully figured out.

    But I'm not you. I honestly suspect you don't really know why you want to do this. I think you vaguely believe that having more money will help you live better, be happier, solve many of your problems, add value to your life. Of and by itself, money will not do that. That's the ugly surprise waiting for a lot of wannabe wealthy people out there.

    3Reply
  • Joe Cassandra
    Rental Property Investor · Woodstock, GA · Member since 2017 · 517 posts · 772 votes
    6y
    Originally posted by @Ryan A.:
    Originally posted by @Jaspreet Baveja:

    @Ryan A. - I am in the East Bay (same city as you) and Kudos for your earnings, planning and goals! I would say REI is definitely something you should add to your portfolio! Now, whether you want to buy and hold in the Bay Area, Out of State (for actual cashflow), or house hack - totally up to you! However, if you want to be more passive in your approach, you should STRONGLY consider the Private Lending space. Especially if you are able to get a free consultation with a lawyer to review the documents, go through a reputable Title Company, vet the borrower and have fully drawn up document packages! This is what I do now and have had tremendous success over the past 2 to 3 years! There's also syndications (especially for an Accredited Investor) on CrowdStreet and such platforms as well. Let someone else do it with your money, and if you want to, jump into it yourself as well! Best of luck and feel free to reach out if you ever want to chat / meet (when the insanity ends)!

    Hey neighbor! Private lending is interesting for sure. Never heard of it. Where did you start when getting into REI?

    I found this property earlier today in Sacramento and got it to cash flow ~$800/month after all expenses and a 9% CoC return. Am I missing something on why people who live in the Bay Area are investing OOS so much?

    https://www.zillow.com/homedetails/4319-Zephyr-Way-Sacramento-CA-95821/26043592_zpid/?

    How do you get CF of $800...and 9%? 

    Average rents in the area around $1,800 per month. House price is $489k.

    Even if you dropped the $489,000 in cash, you'd get less than 2% COC.

    You'd have to put a minimum of 15-25% down. Which could top 100k in cash to drop. 

    Even then, your mortgage wouldn't cover the rent...

    0Reply
  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    6y
    Originally posted by @Ryan A.:
    Originally posted by @Michael K Gallagher:

    @Ryan A. Congrats on jumping in and welcome! I totally relate to the stress of not wanting to be over-leveraged.  What I've found is that if you start small and bite off a couple little chunks and let yourself get comfortable you'll feel better and better about adding properties.  I think a great option for you guys starting out is a house hack!  either a duplex, or even triplex or up to a quad.  This 1, allows you to get some rental income form the other units, 2, allows you to dip you toe into property management slowly and gradually, and 3, gives you some street credit with the banks to get further loans down the road.  

    With regards to your "extra" 7500 a month. If it were me, I'd find a really nice well rehabbed duplex, that you don't have to worry about making a bunch of repairs on. Now these won't probably have the best looking short term returns because you will have paid a premium in most cases because it's already rehabbed. But that premium is worth the ease of operation if you aren't having to replace a roof for 15 years, or put in a new HVAC system or electric panel. But move into that Duplex ( or tri or quad whatever is the best option for you) put down the 20% so you don't have to mess around with PMI or anything, and then just take that 7500 extra a month after you have your reserves built up and dump that into an extra principal payment on that duplex. Get that thing paid off and cash-flowing like crazy and then either rinse and repeat, or at that point find a nice "forever" home for yourself and your family and let the cashflow from the duplex pay for that mortgage.

    I think you'll find after you get into it and do it yourself, you'll know what questions to ask and what you are looking for and will feel more comfortable looking out of state. I'd keep that in the back of your mind because taking costal money and putting it into midwest REI is a killer way to grow your portfolio...just to give you an idea theres a property I'm looking at, on the MLS for 98K, already been nicely rehabbed, so with about $25K all in you could buy a cute little Single family, rent it out for 1200/mnth all day long, and after all expenses, clear about $450 bucks a month. My long rambling point is get comfortable locally, and then start looking elsewhere where your money will go further, if you want to grow.

    Hey thanks for responding! Really appreciate it.

    To be quite honest, I don't believe I have the appetite to house hack by buying a duplex/triplex/etc. I think my wife and I have grown pretty accustomed to living in a SFH on our own and not sharing walls. That's a luxury we've decided to pay a premium for.

    What's your experience with OOS investing? I've read stories that are mixed. Where did you start w/r/t OOS investing?

     I have not done any out of state investing, I just have the one unit for the moment as a house hack.  My suggestion for OOS investing was driven from a cost point of view.  I live in central OH, and if you had an income property budget of 300K and under you would have a ton of options here.  If its something you are interested in, but you don't really know where to start or even what to look for and what to run away from, I have not read it, but I've heard amazing things about David Green's book on the topic. 

    [email protected]614-362-2231
    0Reply
  • Steve Vaughan
    Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
    6y
    Originally posted by @Jim K.:
    But I'm not you. I honestly suspect you don't really know why you want to do this. I think you vaguely believe that having more money will help you live better, be happier, solve many of your problems, add value to your life. Of and by itself, money will not do that. That's the ugly surprise waiting for a lot of wannabe wealthy people out there.

    Bingo.  We should spend more time figuring out why.  Why would anyone subject themselves to real estate over passive paper securities that don't deal with sellers, realtors, tenants, need new roofs, etc.

    I do it for freedom, but I never had a w2 I liked that also paid well.  Part of my why earning $315k would be tax relief.  Being a high tax payer, I mean earner, may point me towards a RE direction, but if I was going to head down a multi year sacrifice road, I'd dang sure know why first.

    2Reply
  • Account Closed
    Rental Property Investor · Wasilla, AK · Member since 2017 · 35 posts · 14 votes
    6y

    @Ryan A.

    There are more proven ways to make a return in RE than the stock market. Sure you can make a 7-10% return annually on RE, if we are talking cash flow for rental property anyways. However, let’s not forget the factors of property appreciation, tax write offs and debt pay down/equity.

    0Reply
  • Account Closed
    Investor · Singapore · Member since 2013 · 1k+ posts · 3k+ votes
    6y

    @Ryan A. Life is not linear like that. Your income may stay high or may not. Jobs can be lost. Bubbles burst. Illness happens. Divorce happens Its great you are saving while you can. You dont have to invest in RE. Most people don't. Buy your primary home as soon as you can. With an incomenof 315k and needing only about 70k for a 5% down on a 1.4m home you can buy that in less than a year. In the East Bay that gets you a decent home. Later if you want to diversify from stocks or want an income stream consider buying property.

    1Reply
  • Steve Kontos
    Investor · Great Neck, NY · Member since 2016 · 679 posts · 467 votes
    6y

    @Ryan A.

    Purchasing a single family house to live in is a liability (at least until you pay the mortgage down and can leverage it to buy investment properties).  I highly recommend investing in multi-family properties that will generate you an added stream of income.  Spend the next several years building this foundation until you are at the point that at least SOME of your future mortgage payment on a house you live in is covered by your cash flowing investments.  We're not even talking about other ways you can use leverage to purchase as well.

    Sorry this is a loaded topic but hopefully this was helpful.  Best of luck!

    0Reply
  • Marcus R.
    Real Estate Agent · Denver CO · Member since 2019 · 210 posts · 333 votes
    6y

    @Ryan A.Welcome to RE investing and good problem to have.  I'm still fairly new to RE investing but similiar to you I LOVE index funds and stocks in general so I was faced with the same problem.  At the end of the day I do believe in diversification so I invest in both and more.  Have some of your wealth in RE, 401(K), REITs, international markets, crypto, bonds, etc...according to your relevant risk level but I think you can and should be invested in various different asset classes and markets. 

    0Reply
  • Joanne Eriaku
    Realtor · NY · Member since 2020 · 167 posts · 169 votes
    6y

    Hi Ryan, Thank you for candidly sharing, I too was hesitant to start as I was very debt averse, I still am bad debt averse but I'd also like to introduce the concept of using Other People's Money (OPM). I have started started off with virtually zero of my own money and virtually 100% good debt. As long as the deal is solid, you can invest both your and other peoples money and get in and out of debt quickly, I'm painting a Rehab/Fix and flip scenario here. There are many ways to invest in RE, you can grow your money first through Rehabs, have a nice cushion before going into Rental Investments. That's my two cents

    0Reply
  • Pedro Jean
    Rental Property Investor · Pawtucket, RI · Member since 2018 · 38 posts · 12 votes
    6y

    @Ryan A.

    Right now, You guys are making pretty good money together. You are maxing out your 401k’s, which is pretty good. You are looking at the future on how it’s gonna turn out to be. Truth is, Things don’t always turn out the way we plan. That’s why it’s important to always have a plan B. Your boss or company can always fire you for any reasons, you don’t have any control over that. But investing in real estate, you will have total control. Investing in real estate will allow you to spend more time with your kids, retire early, enjoy your life while you are young instead waiting for the age of 65.

    Good luck 😁

    0Reply
  • Robert Beardsley
    Member since 2020 · 117 posts · 84 votes
    6y

    With the amount of money you have left over every month you can pretty much do what ever you want and you wont lose. if you dont want to work extra and deal with the headaches open up a mutual fund out side your 401k and start stashing the money away eventually you will have enough in there to live off of the interest and with 7k+ it wont take you 65 years to get to that point. you could be retired and living off your interest by 40 no problem and never have dealt with tenants, evictions, contractors. honestly thats the route i would go if i was you. now if you have a passion for REI then go get you some large multis under contract. find someone with experience be the money guy and have them run the day to day operations. the one thing i wouldn't do if i was you is buy something and manage it your self, yes you make more money that away but you waste so much time. money can buy you many things but it cant buy you time, and from the looks of it money isnt an issue for you but time is an issue for everyone(we all die).

    0Reply
  • Brian Garlington
    Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
    6y

    Keep it simple. 

    Your combined income is $315K Annually......and interest rates are lower now than they have ever been.....

    Unless y'all have a lot of Doo Dads (The bad stuff they talk about in Rich Dad, Poor Dad) or the two of you have 10 kids (doubtful) and stop in to eat at Il Fornaio every night (Not during Covid 19) after walking across the street from Nordstrom where you just did more shopping then you should be fine jumping in my man. 

    1Reply
  • Anthony Woods
    Rental Property Investor · Corona, CA · Member since 2015 · 46 posts · 8 votes
    6y

    I would suggest passive-real estate investing, it is a good addition to any investment portfolio. the stock market which controls your 401k and Roth Ira will experience extreme volatility. Real estate offers a real asset, and multifamily has continued to outpace the S&P

    0Reply
  • Amit M.
    Rental Property Investor · San Francisco, CA · Member since 2013 · 1k+ posts · 1k+ votes
    6y

    @Brian Garlington Il Fornaio...LOL...that’s some old school Bay Area eatery. I remember it when I lived in Palo Alto in the 90’s ;)

    0Reply
  • Vinney Chopra
    Real Estate Coach · Danville, CA · Member since 2015 · 42 posts · 38 votes
    6y

    Welcome! Make the decision to go all in, Dive deep into learning and never look back! Live cheap, build your investments and then let them pay for your life style. 

    Good Luck :)

    0Reply
  • Brett Mason
    Contractor · Oklahoma, OK · Member since 2019 · 69 posts · 9 votes
    6y

    @Ryan A. If u don’t mind me asking, what’s your career?

    0Reply
  • Ryan A.
    OP
    Walnut Creek, CA · Member since 2020 · 23 posts · 8 votes
    6y
    Originally posted by @Jaspreet Baveja:

    @Ryan A. - I had a SFR rental in Walnut Creek, condo in Dublin and have since moved it all OOS. The sheer level of leverage a tenant holds in CA is insane to me. The durations and processes of handling bad situations also scare me. I've already had to pay my mortgage on a tenant occupied condo for 6 months before, with no income, as that's what the judge decided to award her as a "reasonable time to vacate" due to non-payment of rent, due to a single mother with 3 kids!

    Anyways, I'm sure there's plenty of resources here around active investing, but I went to Notes (originating my own) as a form of passive income and I prefer this way more. I invest in syndications as well for passive income! Feel free to PM if you want to discuss those. Best of luck man.

    Thats crazy regarding a "reasonable time to vacate". Do you generally invest in one location OOS and if so, where did you find reputable PM companies? Seems like there are a ton of PM companies waiting for more business.

    0Reply
  • Ryan A.
    OP
    Walnut Creek, CA · Member since 2020 · 23 posts · 8 votes
    6y
    Originally posted by @Joe Cassandra:
    Originally posted by @Ryan A.:
    Originally posted by @Jaspreet Baveja:

    @Ryan A. - I am in the East Bay (same city as you) and Kudos for your earnings, planning and goals! I would say REI is definitely something you should add to your portfolio! Now, whether you want to buy and hold in the Bay Area, Out of State (for actual cashflow), or house hack - totally up to you! However, if you want to be more passive in your approach, you should STRONGLY consider the Private Lending space. Especially if you are able to get a free consultation with a lawyer to review the documents, go through a reputable Title Company, vet the borrower and have fully drawn up document packages! This is what I do now and have had tremendous success over the past 2 to 3 years! There's also syndications (especially for an Accredited Investor) on CrowdStreet and such platforms as well. Let someone else do it with your money, and if you want to, jump into it yourself as well! Best of luck and feel free to reach out if you ever want to chat / meet (when the insanity ends)!

    Hey neighbor! Private lending is interesting for sure. Never heard of it. Where did you start when getting into REI?

    I found this property earlier today in Sacramento and got it to cash flow ~$800/month after all expenses and a 9% CoC return. Am I missing something on why people who live in the Bay Area are investing OOS so much?

    https://www.zillow.com/homedetails/4319-Zephyr-Way-Sacramento-CA-95821/26043592_zpid/?

    How do you get CF of $800...and 9%? 

    Average rents in the area around $1,800 per month. House price is $489k.

    Even if you dropped the $489,000 in cash, you'd get less than 2% COC.

    You'd have to put a minimum of 15-25% down. Which could top 100k in cash to drop. 

    Even then, your mortgage wouldn't cover the rent...

    Here are my calculations. Maybe you missed that this is a duplex? In my calculation, I assumed I could rent both units ($1,725 x 2 units = $3,450). Let me know if I need to update my chart.

    0Reply
  • Jaspreet Baveja
    Lender · Palo Alto, CA · Member since 2017 · 142 posts · 91 votes
    6y

    @Ryan A. - Welcome to the insanity of CA tenant laws! 100% in tenant favor and I would HIGHLY caution you against a Stockton/Sacramento investment, especially in this market where they may reduce rents by 25% across the board or force rent forgiveness (not forbearance) and the existing eviction moratorium! Quality of life, tenants and neighborhoods all play a factor into your Pro-forma analysis (at least they should). Go beyond just the numbers and make sure it still makes sense! Just my $0.02

    I invest predominantly in Indianapolis and I am primarily a Private Money Lender now. I originate my loans, leverage Title Companies and lawyers to draft those docs and all the good stuff. There are reputable PM companies out there, and I've dealt with a few as I acquired, got fed up with, and eventually disposed of my smaller multifamily portfolio out there. I still do flips sometimes, but primarily a lender now and LOVE my 90% Passive Income (10% of time to underwriting deals). 😁 Feel free to DM me if you want to chat!

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free