All Forum Posts by: Julien Jeannot

@Hunter Kahn

I'd start underwriting everything that peaks your interest. The more your practice underwritten, the more you'll start to figure out where the deals are.

@Jacson Bevens

Well done! The first investment is always the hardest one to get started and things have a way of growing faster and faster after that. Keep it up!

@Zillur Nazia

I agree with @Sean Smith. I've been investing in the Seattle area for over a decade and I have yet to come across a nightmare scenario.

I play on buying two more multifamily in the north end in 2024.

I feel you can mitigate most of risk and take advantage of the upsides this market offers. The DIY is possible with time invested in education and treating your investment like a business or offshore it to a good property manager. 

Great tips.

On the furnishing sides of things, a lot of stores will have a business owner discount. Just got to ask for it and sometimes have a LLC.

@Hamad Khan

First off, congratulations! Massive achievement

From personal experience, I also retired from from the corporate world thanks to my real estate portfolio. I can sympathize with you, my transition has been unsettling, a growth experience, and just plain strange. I realized, I picked up a ridiculous amount of habit and stress. I'm almost a year in and still feel the pull of the structured life I used to live by. I find that I'm feel like I'm constantly "wasting time" if I'm not on the edge of burning out while grinding out the todo list.

My best advice for you is to relax (good luck with that) for a while until you get comfortable with your new world, sit down and paint the new dream/ set the new goal post. Learning to enjoy life has been a challenge and requires a complete change of mindset. Its almost like the growth from leveling up a corporate career: individual contributor to manager to manager of managers to director of a department to an executive leader with multiple departments with an ownership stake.

All in all, not a bad place to be in, but a foreign world.

Feel free to reach out.

@Stephen Michels

Welcome Stephens!

@Hrysa Zirou

Househack.

Start talking to lender to figure out your budget.

@Melissa Faraias

Yeah, just double check the local laws to ensure compliance.

@Raul Sai P

You've got the right idea. Find a new PM or increase your screening criteria.

@Joshua Logan

Once the lease end, yes. Double check the local laws to cover your basis.

I would also contact the local Section 8 provided and understand that side before making changes.