All Forum Posts by: Mark Seery
Mark Seery has started 1 posts and replied 24 times.
Originally posted by @Michael Plante:
The question is do you have any experience investing in real estate or business of any kind
Hi Michael. Let's say the answer is "no" to both, what would you suggest?
Originally posted by @Joe Villeneuve:
If you use the $600k as a 50% DP, that means you just bought a property value worth $1.2M. With a 5% appreciation over the next 5 years, that PV would now be $765,769.
If you use that same $600k as a 20% DP, that means you bought a property value of $3M. With a 5% appreciation over the next 5 years, that PV would now be $3.828M.
Thanks Joe, very straightforward. It seems to be hard to find CF positive opportunities with 20% DP. But I appreciate the thinking, and will look to leverage it.
Originally posted by @Sam Shueh:
The money you made is for a parcel of land with a shack waiting to be torn down in SC County.
Indeed. I had to split the proceeds with someone else. You can probably guess the circumstances. So I am looking to get back on my feet and move forward with a positive attitude.
Hello. Newbie...
I have $600,000 in cash. Just sold my primary residence.
Am i better off investing in one property and having a high % of equity or
investing in multiple properties and having a lower % of equity in each?
OR
If you had $600K in cash and nowhere to live, what would you do with the cash?
I live in San Jose CA, but not limited to investing there.
TIA