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All Forum Posts by: Cassie Sherie

Cassie Sherie has started 2 posts and replied 81 times.

Originally posted by @Account Closed:
Originally posted by @Joe Splitrock:
Originally posted by @Account Closed:
Originally posted by @James Park:

Bob, 

Yes I agree. The lower the cap means higher the demand. Higher Demand = Lower Supply = Greater Appreciation. This is the type of stuff you learn in the first day of your Econ 101 class :).

 And yet 95% of BP posters don't understand this and cross state lines to get higher "crap" rates!

Some of these markets are so inflated that it is not practical for an investor. Sure, 30 years ago you could buy a home in Hawaii or San Jose and today you have major appreciation. It is just not realistic for investors starting today to buy a home in San Jose for over a million dollars. That is why they cross state lines. Probably the best thing for an investor today is to identify markets that are undervalued today and will have good long term growth. Depending on where you live that could mean crossing state lines. I am not talking about investing in low end markets, but there are some up and coming markets.

 Joe, the facts do not back up your premise.

Appreciation and rent growth have not been linear but in every decade at one point the figures match up in that the property has doubled in value and rents are up 6%+ compounded annually.

I did get a little boost on that property from the Japanese buying spree in Hawaii in the 80's and the lack of inflation is slowing my snowball growth on appreciation. But I'm probably better off that my appreciation is more based on gentrification (demand) since I'm actually keeping more of that money when I'm buying goods and services.

My mid 2000 purchase for $200,000 doubled in two years and is now worth close to $500,000 so I have 8 years to get to $800,000. My slightly over $500,000 purchase in 2008 (everybody was predicting an immediate crash} has a comparable just sell for $900,000 and a lesser comp on the market for $890,000. That's over $4,000 a month equity gain for a cash flow negative property! Add in about $300,000 rent over the same period. Well do the math.

I am not promoting any area, I just think people should do a correct analysis to determine a good market AND that is not using price to rent or crap rates or cash faux. RENT GROWTH AND APPRECIATION RATE! Investing from afar is expensive and risky. Look for the opportunities in your own back yard but realize cheap does not mean profitable.

@Amit M @Minh Le @J Martin all can show you that the Bay Area is an investors dream.

And guess what, in 2046 there will be people crying that they did not invest in 2016 and others that did that will smile when those same people tell them they were so LUCKY to buy in 2016. 

 This is great... Bob, thanks for painting this picture and your insight! :)

Post: New to Bigger Pockets in the Seattle area!

Cassie SheriePosted
  • Seattle, WA
  • Posts 81
  • Votes 43

@Ashley Abramson Hi and welcome to BP, I'm new too :) but I've been soaking up a lot of useful information on here! I'm sure you'll see what I mean as you navigate your way around. Maybe we can keep each other on track, from going off the tracks, or laying on the tracks...haha! kidding! :P

anyway someone sent me this for meetups:

http://www.meetup.com/PacificNWRealEstate/events/2...

hope this helps you :)

feel free to send me a colleague request

@Trevor Ewen  Hi Trevor, thanks for taking the time and sharing all of those ideas! cool stuff! Hope more people will contribute and share what they do to make money work for them... is there any super successful people you know on BP that you can tag and maybe they will post here also? :)  

@Charles Moore thanks for the reply, I get. Hopefully you will implement what you have learned and not just continue to talk about it for years, and take action yourself with your personal goals. I also plan on having multiple income streams outside of real estate, that have to do with other personal interests...Good Luck to you! 

@Charles Moore  I see what you are saying, and I'm sure you are just trying to help... but your version of success, how you plan on getting there and your personal vision might not be ideal for someone else. Do you really think taxes are the be all end all for creating wealth?? I don't. Do you think the people that net $10, 20, 100+ million dollars a year are crying themselves to sleep at night.... highly unlikely. They obviously try to pay the least taxes as possible but even if they have to dish out several million dollars in taxes every year, their lifestyle and wealth pales in comparison to worrying about taxes plus that's what they hire/pay people to handle for them. And they move on to the next opportunity and keep cashing checks. 

@Troy Fisher  Thanks Troy for the 411  :) 

Hi BP Community :)

So... I have been listening to podcasts and seems like more times than not the book Rich Dad Poor Dad is mentioned. I heard about this book or seen it pop up from time to time online throughout the years, but never read it... until now. I was actually going to buy it on amazon after hearing it come up so much in the podcasts... but a funny thing happened and I glanced over at my bookshelf and to my surprise the book was there staring back at me! I grinned with intrigue, excitement...and then remembered how I picked this book up for $1 at a garage sale maybe a year or 2 ago. Surely it must be a sign of some sort. I'm just at the beginning of the book right now but I can already see that it could quite possibly be the best dollar I've ever spent! 

Rich Dad says: "The Poor and Middle Class work for money, The Rich have money work for them"

Anyhow, I thought it would be fun and helpful if you would share how you personally MAKE MONEY WORK FOR YOU... ideas and actions you have picked up along your own personal journey that you can share with all of us and create value for BP members  :)   

@Alex Chin  hi alex :) how is your day going?  thanks for the info and recommendations. I will definitely look into this! I appreciate you making the effort and providing helpful, actionable leads and information. 

@Charles Moore I'm definitely aware of the markets being hot in and around seattle....some more, some a little less...it just is what it is...   we'll see what happens... but I'm not interested in the limiting mindset of "hard to find" or people who think that way. When I get to that point and the dream house is purchased airbnb and taxes will be handled accordingly or be a non issue....because the profits and cashflow will be on point. 

@David M.  ok cool  :)  ....also, where are these meetups posted?