All Forum Posts by: Eugene Lee
Eugene Lee has started 14 posts and replied 43 times.
Post: In evaluating deals, when to consider which rule?
- San Diego, CA
- Posts 44
- Votes 31
hey BP
Thank you so much for the response. To be honest, I was beginning to become a little discouraged in my search for potential opportunities in San Diego because of the low rent to price ratios. It's encouraging as a newer investor that even those that have already invested seem to have properties that do not necessarily (strictly) meet the rules. Perhaps I was putting too much stock in them. Thank you so much for the input.
@kevinfox I have been looking mainly at single family in the range of 300k and 500k, primarily in the UTC area but also as far down as national city. The goal is cash flows with appreciation being a cherry on top.
Post: In evaluating deals, when to consider which rule?
- San Diego, CA
- Posts 44
- Votes 31
Hey BP,
I've recently made an account (yesterday) and have been reading articles, the e-book that BP is so kind to publish and I've been looking at different real estate deals in my area (San Diego) and I've noticed that although I typically never find properties that do better than 1% rent over price, there are some properties given that the down payment is high enough, that I am able to "beat" so to say, the 50% rule. My current thinking is that if I am able to beat the 50% rule and given if the property is not a junker and doesn't seem like there will be significant difficulties getting it rent ready, it seems like I could cash flow even while "ignoring" the 1% rule. Does this logic make sense or am I not seeing something? Appreciate you all reading this and guiding a new BP onto the straight and narrow.
- Eugene
Post: New Member from San Diego, California
- San Diego, CA
- Posts 44
- Votes 31
Hey Biggerpockets,
My name is Eugene and I've recently become interested in real estate investing after talking to a new friend about real estate investing over more "traditional" investment opportunities such as equities or fixed income. My goal is to diversify my holdings and I hope to follow a long term, buy and hold strategy. I currently have approximately 50,000 to 100,000 that I hope to deploy and would greatly appreciate any tips, advice or encouragement that you guys would have. Thank you so much and I hope you have a great day!