All Forum Posts by: Terence Nash

Thank you for your introduction. I too was in the Navy for 10 years and it was a good opportunity to live in different parts of the country. There are always good rentals around Naval Bases. I was station in Norfolk for 4.5 years and I took that opportunity to buy a couple rentals back in 2004.
Looks like you have some great goals ahead of you.

Davian thanks for your contribution. It appears you have a very challenging approach to investments. It requires a lot of trust in people but it appears to be working for you.

There are a lot of smart people here. I know many people that make 6 figures and all they have is a nice house and a nice car. When the salary grows, the car gets nicer and maybe the house gets bigger.
Living simple and letting your investment grow is a good philosophy.
I'm still learning how to do that. This website was very inspiring to me and I have been changing my ways to become better at investing.

50% of your income invested is very remarkable.

Harry, thanks for the relpy.
Looks like you two have a good system going for you.
Buy and hold seems slow in the begining but if you are consistant, the returns can be exponetial in the future (10-15 years?).
I have rentals in another state that I have a property manager take care of so there's not much I have to do there.

I would like to be more involved in the next deal. So I will probably look in california. I'm looking for a property to flip and have the potential for a 10% cap in case I have to buy and hold. If I go down this path, I will probably take the same approach as you and manage it.

Other states look more appealing when it comes to buy and hold though.

Joel, thanks for the response.
I was interested in the 150-200k range salary of people and what they do to approach investments. But I don't expect people to just post how much they make.
I guess anyone can invest no matter how much you make. In fact, I think it goes down to how much you can save to apply to real estate investing.
Several hundres thousands is out of the ball park for me. 100k and below is more comfortable.
Commercial deals is probably something I'd be looking into 10-15 years from now. SFR is more realistic for me.

You know what's funny is that I have read your post from before and I knew you would be one of few who fit in this catagory. Thanks for the reply.
It appears most people here are full time in real estate.

If you can claim the interest and depreciate the property, you may have enough to have a small surplus to dampen vacancy and maintenance. I did some calculations as an example.
Interest $6000 = $1800 return
Depreciation (note 1) $4800 = $1440 return
Rent cash flow = $1920.
for a total of $5160/year
This looks like enough to keep you from bleeding if it's going to be a rental.

Note 1: If you depreciate, you will have to pay this back if you sell the property later on. You can't claim these losses if you make over $150k and you're not a "real estate" professional.

I would like to see how some of you with demanding careers (not in real estate), approach investing in real estate. With the limited time you have, how do you make deals with real estate investments?
Do you flip homes? Buy and Hold? .....
How much do you save before you go into the next deal?

What would you consider small investments vs large ones?

I also understand that you would need about 20 to 30% down on investment property loans so I can probably only get 300k if it's a primary residence.
I am looking everywhere in the US for possibilities. I've even looked into Detroit but my research there seems endless there (maybe too good to be true).
I am more comfortable doing the buy and hold method but so far, that hasn't gotten me out of the hole.
Maybe flipping homes is where it's at, but my work schedule may hinder me from performing well in that approach.