All Forum Posts by: Jeff He

@Anna Bee

The Seattle area is quite expensive. I've had some friends invest in Tacoma and Rainier beach awhile back, but even now good deals are hard to find there.

You might have better luck checking the outskirts of Spokane.

@Saurabh Kukreja

I would start by reaching out to realtors and PMs in those areas to see whom you can build a relationship and depend on. It seems like you're interested in remote investing, so having a solid ground team is as important as the deal. A good deal with a bad team can still hurt.

Second, I would analyze the numbers on multiple properties and see which locale has the most number of workable deals. Then, you can focus on the one that gives you the highest probability of getting an offer accepted.

Twenty nine palms and Joshua tree are nice. I've stayed at some very nice Airbnb's there and they charged top dollar. With the glamping trend that's been going on, you could consider that as well.

Note that tourism in the region is seasonal since the summer heat keeps folks away.

@Patrick Thomas Dickinson

I've done three deals this year with 25% down and traditional financing. At the beginning of the year it was a bit more competitive with all cash offers, but I feel it has cooled off a bit.

@Rob Singh

Wyze outdoor cam is the cheapest I know on the market. If you don't want to use their cloud subscription service, you can also use your own SD card.

As a heads up, their supply chain is pretty stressed so order/delivery dates vary and can be long.

@Anna Bee

Interest rates are still at a historic low. Even then, it won't be a large hike. It's worth pointing out that rents will probably increase faster than interest rates so if you're buying for cash flow, you can still get the numbers to work.

As others have said, focus on the deal and not the macroeconomics. Happy hunting. :)

@Dustin Turner

I still look for 8-10%. My partners live in Fredrick and I'm familiar with Montgomery County, but we actually ended up investing in Washington County. The reason we target at least 8% is because we want to make sure there is enough margin for error built in. Properties will increase in value and so will property taxes and we want to be ready for that.

It's better to not be in a deal than to be in a bad deal.

@Jonathan Ng

House hacking is a great way to get started. Banks typically want you to keep 20 - 25% of the equity in the deal so whenever your equity goes above that is a good time to plan for a refi. BUT, you should definitely be aware of what the closing costs would be and make sure the math still makes sense. AND with the risk of rising interest rates, make sure you understand the cost of your debt and what that will do to your mortgage.

Diversify, diversify, diversify. Just like you shouldn't go all in on one stock, you shouldn't go all in on one house or zip code.

How do people here evaluate a syndicate? What would motivate you to invest in a syndicate today? If you aren't invested in a syndicate, why not?