All Forum Posts by: Gabriel Hershberger

I live nearby and would be happy to meet up.

I wonder if Personal Capital would work for you https://www.personalcapital.com @Vic Vega

Great thread. It seems like there are easy solutions like Alcalo and TenantCloud.com, and more complex solutions like Rent Manager/Quickbooks. 

I'd start with the simple less expensive solutions and see if the majority of your needs are met. 

I'm conducting research in this industry to see what problems people have. I would love to chat and connect with folks who are facing challenges growing their real estate business. My goal is to learn and solve problems.

Thanks

A 2016 model is going to hit you hard with depreciation. If you buy a gently used older car with low miles, you can avoid most of the depreciation. The curve flattens out a lot from year 5 to 10. The biggest drops in car value come during the first 3 years. 

I just purchased a 2006 Mazda Miata in California with 58,000 miles for $6,900. It needed a few minor repairs, but if I choose to sell it in 3 years at around 90,000. I probably can sell it for $5,500 (Just a guess. haha)

If you are into classic cars, you could buy one that has hit the depreciation trough and will appreciate in value soon. There are many 1970s, 1980s vehicles that might appreciate in value in the coming years. Just throwing this idea out there, in case it's new to you. It's a different mindset than most people have.

Cheers

What specifically is your goal?  I'm an audio/video professional and can help you understand what you need. If you can clarify, what exactly you want to do then I can recommend what technology can help you achieve your project. 

Technology is a tool. You need to provide the strategy. The strategy and skillset is more important.

Cheers

Interesting thread guys. Bigger Pockets is such a great community. I've learned a lot from Josh and listened to countless hours of their podcast. 

I'm conducting research in the real estate industry to see what problems exist that software might solve. I'd love to chat with anyone. My simple goal is to find and solve big problems for people.

Send me a message, if you can help.

Thanks,

Gabriel

Thank you @James McFadden for your view. You make an excellent point. The capital required to get into the market is low and there can be cashflow from the start. So in theory I could start off by owning some cashflow properties with 0% appreciation quickly. Then change strategies and buy properties with appreciation + cashflow. Thank you sir.

I'll chime in here. Awesome to see a thread on Erie. I grew up in Union City (in Erie County) and I'm just getting started in REI. I looked at some 4-plexes, triplexes, this summer to buy, but they needed a lot of work. I haven't bought yet.

One of the things that is holding me back from buying is my perceived lack of appreciation in the housing market in Erie. Erie doesn't have the population or economics to drive growth. I think I could have cashflow, so I'm looking at investing in other markets that also have appreciation.

Many folks have a fear of living in parts of the city like the east side and so they are moving to Millcreek and the "burbs". 

I'm a total newbie and plan on buying my first property this year. Thanks for this discussion. I definitely read it with interest.

Gabriel Hershberger

773-512-774one

Anyone else coming? If it's just you and I maybe we can reschedule the meeting, because I have another event that I could attend at the same time.