All Forum Posts by: Leslie Pappas

Quote from @Abhishek Sahni:

Hi there,

I am Abhi and I am based out of the San Francisco Bay Area.

I am new to the community and I am looking forward to connecting with and learning from folks in this community. My current RE goals are to invest in my first commercial real estate property within the next year.

Cheers

Hi Abhi, this site is great for networking and getting a ton of real estate information. Best of luck!

@Ana Bejar

It appears you have a substantial portfolio, well done. Another angle you could consider is to diversify into different asset classes to reduce your risk, potentially continue your low tax burden and earn cashflow passively through 1031 exchanging into Delaware Statuary Trusts (DSTs). Hope this helps. 

Hello Paul

I have worked with many investors transitioning from active investors to passive investors. They are typically closer to retirement age, however I also believe knowing your options so you can plan accordingly is extremely beneficial. If you are an accredited investor I would be happy to run some simulations for you -- 1031 exchanging some of your properties into DSTs, unlock some trapped equity and potentially increase your cashflow. Reach out anytime.  

Here's a post I made about helping a client "exit" the landlord stage of his life. I've worked with many investors who sought a life style change and wanted to take a more passive role in their real estate.

https://www.biggerpockets.com/member-blogs/7993/48729-are-yo...

Hope this helps.

@Philip Benavente

Here's a post I made about helping a client "exit" the landlord stage of his life. I've worked with many investors who sought a life style change and wanted to take a more passive role in their real estate.

https://www.biggerpockets.com/member-blogs/7993/48729-are-yo...

Quote from @Stephanie Lilly:

Hello, I joined a few months ago but am finally getting around to posting. New to Real Estate, though I've been a long-time onlooker and researcher.

Just moved to San Francisco though I grew up in Gainesville, FL. Still figuring out what area/s to focus on, though I have some ideas. See you around the forum!

Stephanie :)

Welcome Stephanie, this site is great for networking and getting a ton of real estate information. My recommendation if you decide to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth. It can also be safer to diversify your investment properties across the country. There is still good money to be made in AZ, FL, GA, TX and other states, however, picking the right submarkets is key. A very good source of local analysis is rereport.com

Quote from @Pavan Muralidhara:

Hi Folks,

I've been an avid listener of the podcast and looking to getting into investment properties this year. As someone who is new to investment, I had a couple of questions to the community:

- Which location do I pick for investment properties that would follow the 1% rule? I'm from a HCOL area(SF), so it is almost impossible to invest locally.  

- I have a decent amount of equity saved up and own a primary home. I'd prefer to put a downpayment than do all cash. Is it feasible to be cash positive considering the high interest rates?

Looking to learn and get insights from the folks here. Thank you!

Hi Pavan, there's plenty of other opportunities elsewhere, my clients (many in the Bay Area) are involved in institutional grade properties across the country. My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth. It can also be safer to diversify your investment properties across the country.

A very good source of local analysis, rereport.com.

Quote from @Bill Everton:

Hello BP Community!

I'm Bill from San Diego.  I've made a goal to purchase my first real estate investment this year.  I'm still learning about different strategies, markets, etc. from podcasts, books, and the learning articles here.  Currently reading Brandon Turner's "The Book on Rental Property Investing."  

I'm thinking about David Greene's "Long-Distance Real Estate Investing" considering the challenge for entry in the San Diego market.  Also considering J Scott/Dave Meyer's "Real Estate by the Numbers."

Any recommendations for my next?

Welcome Bill, sounds like you are doing pretty well with taking all the right steps. This site is great for networking and getting a ton of real estate information. Best of luck!

Hi Patrick, welcome! Have you considered investing out of state?

I can tell you what people here have done in Bay Area to set themselves up for retirement. There are two types of investors here:

1. Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.

2. Buy or inherit and hold all their lives while working the properties for income.

I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully. One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible. One way or another, they are building their net worth.

Building net worth is how you may possibly retire with fewer worries. If your retirement utterly depends on having adequate cash flow from your properties, any downturns will cripple you. AND you must maintain adequate reserves to take care of the disasters that may happen.

So my advice- build your equity.

There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country. My recommendation is to choose cities in safe and economically diversified areas with above-average income and population growth. It can also be safer to diversify your investment properties across the country.

A very good source of local analysis, rereport.com.

Best of luck! Leslie

Welcome AK, sounds like you are doing pretty well with taking all the right steps. This site is great for networking and getting a ton of real estate information. Best of luck!