All Forum Posts by: Jordan Thibodeau

@Roger Rustad Welcome to BP! What's your price range for duplexes? 

Great questions. The 3d printing of buildings excites me. 

Due to a majority of the highest paying jobs requiring advance training, the advent of robotics, dumb AI replacing certain jobs, the trend of economic inequality will continue and we will see more Americans fall out of the middle class. 

I would love to print out my own unique business cards. My dream would be to have mini lego figurine business card. However, in order to do so I would need to sell one of my houses. :(

Sounds great. I would try to make the goals quantifiable.

Example: Meet 5 new RE investors this month, automate our expense tracking process, and etc. 

Also if possible, try to narrow your goals down to the big three that will truly move yourself forward.

@Adam L. Sorry to hear about this. It really depends on what you intend to do with the money. Depending on the rental market, and I don't know anything about your area, if the market supports it you could increase rents, but then if the market turns you might be back in a cash drain.

You could either see it as a guaranteed lost of $10k now, or a bet that could either lead to maybe break even rents or an even deeper loss.

If it was me, I would probably take the guaranteed loss now, lick my wounds, and try again.

@Matt Powell BRRRR is similar to buying stocks on margin. It's a great strategy if rents increase and appraisals are positive, but if the market turns on you it can quickly multiply your losses.

During the trough of the financial crisis, home prices fell so violently in certain locations that odds are the prices would revert to their historical mean which made it an absolute great time to be bullish on BRRRR. However, now that we are out of the recession and home prices have stabilized the BRRRR strategy is not a safe as it once was. Sadly, due to survivorship bias you won't hear about the risks involved because those that have blown up, are no longer around to share their stories of misfortune.

If you're bullish on real estate, can negotiate a good deal, and think rents can cover this amount of leverage go for it, with the caveat that if rents decrease you might be forced to liquidate your asset.

@Darius Falahkhir welcome! I ran into the same issue (I Live in San Jose). I decided to invest in Sacramento so I could control the investment and learn at the same time.

@Leslie B. Welcome to BP. I would definitely listen to as many podcasts as you can. Feel free to reach out if you have any questions.

@Holly Saxby Im always leery of refinancing a primary in order to get involved in RE. We do hear success stories of people doing it, but for every success story I know there are many that have back fired.

I would say, save your money until you can afford a down payment on a new home, before taking equity out of your primary. I always tell first time investors, what's the rush?

 I would like to subscribe to your blog and/or pay for your investment news letter.