All Forum Posts by: Steve B.

@Robert Tinker one has decades of experience and no financial interest in puffing up the scenario. The other...not so much.

Also can you tell me if there exits a putative "Class B" neighborhood anywhere in the country where the gross monthly rents are 2% of the ARV of the underlying RE? Vacation rentals don't count. If so let me know please.

@Bill F. But it’s one of those fun dumpster fires where we can watch the drunk college kids do crazy stuff and laugh from the safety of the dorms.

@Isaura Orellana class B housing on 7mile and Moross. What could go wrong!

Hi Kevin,

Yes not having to borrow money makes it an even better deal but doesn’t change my advice.  As Jay said anywhere close to Portland is generally desirable.  I prefer housing along the I-84 and I-26 over the I-5 but the idea is the same.

@Kevin Peña if your new with limited funds I'm not sure I'd start with multi-family. The safest bet is to by a distressed SFR fixer and rehab it yourself with the intention to rent or flip. Look for a value add in top of that like daylight basement, split lot, non-compliment ancillary dwelling that's solvable

@Eric Ippolito that BYO or rent refrigerator oddity is common in LA and Orange County but not in most other areas. I think it has to do with insurance

@John Morgan why are people taking about cash flow per "door" without talking about the ARV per door to make it a halfway relevant metric

@Tim Simmons you’re happy to make less profit because your taxable income is smaller? Do you have other money losing or break-even investments you can recommend?

@Adrian Vega collecting cash in person is weird unless your in a battle zone and it’s needed

@Michael Ealy the traditional convention has been “dumb money”.

Inexperienced investors are always drawn to appreciated assets in sustained bull markets due to their lack of ability to properly judge risk or understand market cycles. This is true of all types of investments, whether a it’s stocks, RE, Bitcoin, or tulip bulbs. This is exactly what buffet spoke about when he said “ buy when other people are selling and sell when other people are buying”