All Forum Posts by: Bill Goodland

@Minka Sha I’d recommend looking at the return you’re getting on the equity you have in the property. If that’s acceptable to you given rate of return you can get elsewhere than go for it. Likely if you could sell at a gain, or keep for a monthly loss, it makes sense to sell

@James R aduna id just refinance

@Christopher B Shires are you owner occupying to househack?

@Noah Gregory I got one unit rented on March 23rd and another on April 22nd, right in the middle of the pandemic

@Tom Vanderlinden you should be glad that real estate investing is hard, because every failure is one more lesson learned that brings you closer to success. If it was easy, everyone would do it

@Bailey Kramer I probably would’ve told myself to get started working in the business sooner. While I may not have been able to buy a place at 19, I would have been able to go to real estate meet ups, maybe get my license and do some contracting work on the side doing something simple with low barrier to entry such as paint or flooring work

@Jerry Stevenson I think the most common way people become successful is by investing in their own market. Problem with the “best historical markets” is that they’ve often appreciated too much to get in and cash flow now. Listen to every BP podcast episode and you’ll get a better idea of what strategy will work for you

@Alexander Roeschmann Airbnb is such small fraction housing market and the distressed ones will be an even smaller fraction. I see the general public losing jobs to be a bigger driver in the housing market. With loan forbearance and this being a likely temporary set back in the economy I don’t think we’ll see anything close to 08 as the market fundamentals of artificially propped up prices simply aren’t there along with over supply. I think peoples energy would be much better focused on buying great deals than trying to predict which way the market will turn. Sounds like a recipe for analysis paralysis to me

@Filipe Pereira fair housing laws apply to people renting out a portion of their primary residence while it’s still owner occupied? I didn’t think they did..

@Brandon Rush I think renting by the room is an awesome strategy and works best in expensive markets. Have you read @Craig Curelop s book on househacking? If you haven’t you should check it out