All Forum Posts by: Conner Olsen

@Joshua Morency Cash flow and potential appreciation. I'm in a rapidly appreciating market so I have to be creative with Airbnb to make cashflow. Price doesn't matter as much to me as monthly payment.

Here is a map of monthly rentals in North Austin. They include all properties renting monthly anywhere from a room to a 5 bedroom house. 

Data is from PriceLabs.

@Kari Severson Snaza It is difficult to estimate appreciation. Most investors try to avoid banking on natural appreciation because there is no guarantee and no one knows what the market will do in 1, 5, 10, 30 years. If you want to know what a property could be worth with X amount of appreciation you can just plug it into any spreadsheet and do a future value calculation. This is different from forced appreciation where you'd look at comps to determine the ARV.

@Brian Kempler The lease conveys with the property so if you buy a property with a tenant you must honor that lease. I would also consider what state you are in. In California I believe it is difficult to not renew a lease. In Texas once the lease is up you can get them out. Hope that helps!

@Shaun Sanville Look up Pace Morby. He's big online and might even sell a course. I typically don't think courses are worth it because the information is usually common knowledge, but in this case I would personally buy his course because there seems to be a lot of legal implications if not doing it correctly.

@Marcelo A. I think it depends on when you need to get a bigger place. How long are you willing to wait? How long will it take to save up another down payment if you buy the investment properties? Long-term do you want to be investing in a different market or in the market you live in?

@Dominick Galinis You could always do a mixture of both? 3-4 months of appreciation is not as important as buying a good deal so I would prioritize finding the good deal over getting it earlier.

@Eugene Reamico Best place to start is with people you know, family and friends. From there just tell them what you're up to and explain real estate to them and show them a deal analysis. I would focus on finding multiple exit strategies because people want to know how they're going to get their money back.

@Chasen Cole I think you should not sell a property unless you know where you want to put it. Otherwise you just get the cash and that's losing ~7% a year to inflation. Maybe hold a year and 1031 into something else?

@William Martens It depends on what your strategy is. My guess is you want early financial independence, if that is the case I wouldn't contribute to an IRA when you are getting started. If you are investing in the stock market you are going to have an ROI of 8-12% over the next 40+years. If you save that money instead and house hack it is not uncommon to get 50% ROI (Craig Curelop describes his 80%+ return in his house hacking book). If you have aggressive goals of FIRE you should invest your money where you can get the best returns.