All Forum Posts by: David J.

Still looking

Scott Sankhi holding on to cash for too long is risky also. Cash depreciates quickly these days

Would like to hear from investors who bought at the top of the last bubble and made it through till now with positive cash flow this entire time.

I am finding lots of articles about how this time it's different. 

lending standards are higher, 

Average equity is higher

etc etc

I appreciate the detailed reply. That is some good feedback. 

I am in the middle of a refi I will be getting about $200K cash. 

1 option is to keep my cash on hand and wait for this market to turn down. Get some things on the down, ride to the bottom then enjoy it all the way back up. 

Another option is just try to invest smart. I was thinking someone might say something like, any market can be good for investing as long as you cash flow and hold.

Few would deny that the market is cyclical. It goes up for a few years then down for a few and repeat. 

I want to hear from other investors your thoughts about how to handle this. We are nearing that top (especially in my area) and it scare me a little. I want to keep investing but I worry about timing. Should I hold on to my cash and wait for the downward cycle to begin?

http://www.eastbaytimes.com/2016/10/11/real-estate...

Originally posted by @Garrett M.:

Jason Johnson Great thread question!
I'm going through similar questions.
I found this podcast with Caeli Ridge of Ridge Lending Group very informative about maximizing your Fannie Mae loans. It gets into specifics about new reserve requirements and they don't sound unachievable. The link probably won't work, but you can copy and google it.

https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2&i=1000384530055

Ultimately, I agree with the other posters that private lending is the way to go when you are ready.

 I listened to the post cast and it was really great! thank you for sharing!!

Originally posted by @Sam Kim:

@David J. wondering if we can do buy and hold strategy around Bay Area because I thought this area is too expensive.

 It's doable but you have to find a deal

Originally posted by @Account Closed:

I wholesale in the Antioch/Pittsburg area. I have a great rental coming up this week. Send me a DM

How do I send a DM using the BP app? Is it even possible

There are markets that have $50k as minimum price range SFR and markets that have $500K as minimum What's your favorite price range/market? Why? Higher price seems tired with higher appreciation potential