All Forum Posts by: Ran Iarovich

really break down the costs of either selling it or airbnbing it / renting it. You need to consider the appreciation of the property, principal and equity built over time, and tax advantages. I would also consider looking at tax segregation strategies but that is a topic for a different thread. When you have your numbers right in front of you really consider these 2 questions:

- "Can I take the hit, sell it, and come back at a future date with a better deal?" (Maybe you can 1031 exchange it into a smaller property as interest rates cool down or as rental rates increase)

- "If I continued to rent it out how much money would I expect to make/expect to lose over a period of time and is that worth my time?" (time = money)

Don't stress too much. Every great investor in this business has made mistakes and had to take a step back. If if this is a little bump in the road you will take the lessons from this investment and turn it multiples upon multiples of future returns based from your wisdom.

Hope this helps!

2 Votes

Orlando, Florida

Quote from @Dennis Nguyen:

It looks like you're in Seattle, I went to University of WA in Seattle and I have no regrets at all. I had some of the best years of my life there, met life long friends, and met my Fiance in college as well. There is NO right or wrong answer, it seriously just depends on what you want... If making money is your goal and you want to make it fast, you do not need a college degree for that. If you know your passion / interest is real estate I would say dive right in. However, if you really don't know what you want to do career-wise, college is great for that because you're exposed to many different classes and different majors.

Have you always wondered what it would be like to pursue a career in healthcare/law/engineering? Then try college out. Everything else I don't think you'll need a college degree for. Real estate and real estate investing will always be here. If you have an itch for something, try it now while you're young. Time is on your side.

Dubs up!

3 Votes

Seattle, Washington

Wow that is amazing, good work. Did you put money towards repairs or value adds at all?

0 Votes

Bigger pockets has a list of the top performing states on average for investors. I heard great cash flow and appreciation investments can be made in Alabama and Detroit.

2 Votes

Why did you choose wholesalers rather than agents? How did you qualify your contractors?

0 Votes

Amazing analysis thank you for sharing!!

1 Vote

Thank you I appreciate all the comments!

0 Votes

Here are some things I can think of:

- Joining real estate communities either through eventbrite or local realtor sites

- Leveraging social media and the power of LinkedIn to connect to others.

- volunteer at a local network and get in touch with the community

- find a facebook group or masterming group that fits your niche

1 Vote

Houston, Texas

It's common to look for a good track record, professionalism, area expertise, and more when surveying for an agent.

With that in mind, what are some red flags that scream out to you when hiring for the job?

1 Vote

what is the average appreciation for land in Bremerton? Why would I invest in land rather than real estate in regards to wealth building?

0 Votes

Seattle, Washington

All Forum Posts by: Ran Iarovich

Ran Iarovich has started 22 posts and replied 250 times.

Post: Mortage higher than market rents

Post: Should I go to College?

Post: My first investment...

Post: Investing in new markets

Post: A difficult project but successful addition.

Post: A difficult project but successful addition.

Post: Subject To Seller Financing

Post: How to meet like-minded individuals?

Post: Red Flags With An Agent

Post: Love Land? Land Investing and Development BREMERTON, WA