All Forum Posts by: Mark Seery

Thanks for the reminder. So true. 

Thanks Andrea. It appears for me that if I cannot find many opportunities in CA that actually result in the tenant paying the mortgage down I will need to educate myself on out of state investing. Maybe I will get lucky on the CA front. We'll see.

Mark

Thanks Fred, I have received this advice from close friends as well, so will give it some thought. I think the spreadsheet for risk is different than a spreadsheet for return. I am working on both, in an abstract sense.

Thanks Kevin, I appreciate the thoughts. This might be a good option indeed. A similar option might be to buy a small place with a small DP, and sit on the rest until the universe reveals the path forward. That said, if there are syndication options that provide return and liquidity, that might be worth looking at as well. 

Thanks Jim, this does appear to be an appealing option. I will be definitely looking at it. If you have any syndications you recommend, I would love to hear about them!

There is the possibility that I will face some capital gains tax depending on whether the IRS accepts my argument about my cost basis. But I am assuming it will not be significant.

Mark

I've heard at least one Biggerpockets host say he tends to stay away from TX because of the high (relatively speaking) property tax. I guess you are not finding that an issue for you. Thanks for the suggestion.

Mark

Hey, thanks for the suggestion Paula. Have you done investments in apartment complexes before? How does someone get started. IDK if I would have enough to purchase an entire complex or where to find them. Suggestions welcome.

Mark

Hi David. Thanks for saying this out aloud. That had been my impression from doing analysis, but I had not yet seen someone else say that. For the next few years at least, maybe a decade, the bay area is probably where I will stay. My work is in the Bay Area, and even in the era of COVID, face to face can make a difference to some people. I will connect, let's discuss more.

Mark

Thanks Daniel!

I guess I would probably need to find a deal for short-term cash in order to get an return / interest rate that is better than alternative investments?