All Forum Posts by: Jared Bauer

Thanks for the responses. Initially I thought STR was what I was looking for, but the syndication recommendation popped up many times in here and it does look like the perfect fit for me. I had never heard of it before. I ordered the Hands-Off Investor and am looking forward to learning the ropes!

I'm 40 and have 0 debt. Own my home and a LTR outright. The LTR is about $180k and my home is about $500k. I've been an entrepreneur my whole life. I've done well on some long term bitcoin investments. I'm getting older now and am looking to figure a way to diversify more into real estate so I can have guaranteed income for the rest of my life. I have a family with younger kids and like to travel. I'm not looking to become busy as hell, but at the moment I am essentially semi-retired so I do have a lot of time when I'm not doing the traveling or the kids are at school.

 I live in MI where property taxes are high and it seems damn near impossible to make any numbers work. Am I not understanding it properly or am I better off investing out of state? If out of state, then do I need a management company or do you have a system or guide of how to manage from out of state? Can you cash flow positive with a manager? I guess I'm looking for some ideas on what amount of cash flow I could realistically generate with $1 mil in cash with modest/light leverage. Also what might be the best strategy for return/amount of work. For instance, I don't think I want to own Ten $150,000 places because I imagine that starts to become a lot of work. What is the sweet spot? Three $500k places? Two $750k places?

Of course you can't. But it's a numbers game. When you have 10 people a day wanting to see the property, are you going to individually analyze each and every credit score below 600 to see if they are even worthy of showing the property?  Also, why are you in the apartment 10 years later and on bigger pockets? You invest in other properties while paying rent yourself?

I'll admit, I didn't do my research on the whole housing market. Won't be surprised to see crypto take a bit of a toll on the housing market though. I'm not the only person who's going to crypto instead of real estate. May be small now, but gaining massive traction. Ballpark $50 bil last month.

Risk reward in crypto just blows rentals out of the ballpark.

I'm new here. I've owned 1 rental property for 6 years now and my goal in life was to accumulate enough to become financially free. However, I also invested in bitcoin many years ago at $20, and Ethereum a couple years ago at $10 and believe in crypto currencies. I've done very very well. With housing prices high over the last couple years, I just couldn't justify buying places anymore because the reward was just so small. I've noticed zillow slashed prices across the board, at least in MI.

So I'm wondering. Do crypto currencies maybe have something to do with the recent housing decline? After all, I feel like a good majority of real estate investors are people who don't want to hold fiat, and they think most stocks are over valued. With crypto on the rise, I feel like it has people investing in that instead of more rentals and maybe even selling rentals to buy crypto.