Growing investment portfolio with focus on generational wealth

[Melissa Svenson]

Hello BiggerPockets Nation!  We reside in beautiful Coeur d’Alene, Idaho.  Joined Bigger Pockets to network with likeminded real estate investors while we continue to grow our portfolio for our family.  Interested in LTR’s, Multi-family, hard money lending, creative financing and potential partnerships     🏠 💵 📈

[Cody Fenske]

Oh, awesome! You are doing well then! I moved out of California about 4 year ago and sold everything I had there because although the rental would have kept high returns, I didn't trust the laws and lack of landlord rights in liberal states. That's still the issue I have with other markets like Washington. I'm licensed over there as well and I often come across things that tempt me because the returns are better than here in Idaho. I'm holding out for Idaho though, unless something remarkable pops up that I can't refuse. When I bought a home in CDA 4ish years ago, I put a much larger down than I should have in retrospect. That home is meant to be a rental after I leave it this year or next, and it'll certainly cash flow very well, but I should have put less down and bought a few instead. Unfortunately the great rates felt like they would last forever and the inventory was about a third of what we currently have. I also wasn't a Realtor back then so there is a lot I should have done differently. I wish I knew then what I know now! Now that I've saved back up a few hundred thousand, I can start investing again without pulling equity from what I have. I'm currently looking for a STR in CDA or Hayden and I'm also looking for some LTR multifamily or house hack situations.