All Forum Posts by: Julien Jeannot

@Anthony Freeman

No such things as a "best" shoe fits all strategy. 

Start with the goal in mind and work your backwards to where you are starting.

@Jolly Singh

- Tax plays

- Park large amounts of cash for a period of time

- Long term horizons: equity and refi

- STR/MTR strategies

@Jose Leandro Gobea

Like all things "the best" is subjective. Having a clear strategy will help you figure out which lender/broker will help you achieve your goals.

You could always partner the a real estate agent who specializes in what you are looking for. The RE agent will have a team in place including lenders.

@Maria Matthew

I would recommended setting expectations via a set of rules which all roommates must agree to and sign.

At the end of the day, they need to figure things out on their own and if they break the house rules it would violate the lease agreement and address that accordingly.

@Darius Wade

A word of caution on waiting for rates to come down:

- Maybe they will, maybe they won't, timing is always uncertain

- We are in a short supply environment with quick fix. When the rates come down, buyers will flood the market and push price up. With pricing increasing, the downpayment increases accordingly.

Personally, I'm looking to 1031x part of my portfolio before the rates come down.

@Michael Plaks

Solid post, thanks for sharing!

@Kimberly Keesler

- I'd start secret shopping them to assess the PM performance: call, set a up a showing, apply for residency, and check out the listing marketing.

- Start shopping a new PM and inquire about the market.

- Double check the rent and pricing strategies of your market via the usual sites: zillow, redfin, apartment.com, facebook, etc.

@Luan Ademovski

Welcome!

Couple thing I would advise my younger self:

1. Educate Yourself:
   • Read books, articles, and blogs about real estate investing. There are many resources available that cover various aspects of the real estate market, investment strategies, and financing options.
   • Attend local real estate seminars, workshops, and networking events to learn from experienced investors.
2. Build a Strong Financial Foundation:
   • Focus on building good financial habits. Save money and establish a solid financial base.
   • Learn about budgeting, managing expenses, and the importance of saving for future investments.
3. Understand Different Investment Strategies:
   • Familiarize yourself with various real estate investment strategies, such as wholesaling, flipping, rental properties, and commercial real estate. Each strategy has its own risks and benefits.
4. Network and Build Relationships:
   • Connect with local real estate professionals, investors, and mentors. Attend real estate investment club meetings or join online forums to expand your network.
   • Building relationships with experienced individuals in the field can provide valuable insights and guidance.
5. Start Small:
   • Begin with smaller, more manageable investments. This could involve saving for a down payment on a property, partnering with others on a project, or exploring crowdfunding platforms.
6. Learn About Financing Options:
   • Understand the various financing options available for real estate investments. This includes traditional mortgages, private lenders, hard money loans, and creative financing methods.
7. Explore Real Estate Markets:
   • Research and analyze different real estate markets. Look for areas with potential for growth and positive cash flow.
   • Stay informed about local market trends and economic indicators that can impact real estate values.
8. Develop Analytical Skills:
   • Learn how to analyze real estate deals. This involves understanding property values, rental income potential, expenses, and overall return on investment (ROI).
9. Consider Real Estate Education Programs:
   • Some educational programs and courses are specifically designed for aspiring real estate investors. Consider enrolling in such programs to deepen your knowledge.
10. Seek Guidance from Professionals:
    • Consult with real estate agents, financial advisors, and legal professionals to gain a comprehensive understanding of the legal and financial aspects of real estate investing.

@John Clarken

I would agree, the ADU/DADU strategy is a great one in WA state and will continue to be a major investor play as the new middle market laws are implemented by cities by 2025.

@Alana Reynolds

Well done. Keep it up!