All Forum Posts by: Shiva Bhaskar

I think the answer varies for all. For me, I don't married and/or have kids yet. I plan to someday. When that happens, I think having a home we own would be top priority. 

Right now, purchasing rentals to grow wealth and cash flow with makes more sense. I am sure there are folks who are married but rent and focus on investing (doesn't Grant Cardone always say that)? 

I have never been a fan of the whole "think of your house as an investment" argument. I think a house in the right place can be a great source of wealth, but in my view, a real estate investment must generate income. So, buying a home to live in is something we should do for comfort, or our families, but really, not because of investment potential. 

Jim, not from Texas but agree on McAllen and Brownsville. Have been hearing this elsewhere too. Going over to the Tamaulipas state might be tricky given how rough it is, but it's got great location, and if we ever get a more common sense drug policy, and things calm down there, it'll be worth much more. 

Edwin, I see you're in Inglewood. If you can find a fixer upper property there and get it to cash flow, I can think of few better investments. Pretty much everywhere that is 3 to 5 miles east and southeast of Inglewood is also a great play, if you can find the right property. It's true that it's often pricy, especially with down payment. However, you could always look into a duplex or triplex using an FHA loan, and live in one unit, rent out the others.

For lower cost, and often good returns, of course Bakersfield, Fresno, San Bernardino. However, since you're local to LA, if you can get into a deal right here (and self manage) that is even better. 

A few things:

1. Never felt totally secure working for others, and wanted to diversify. I like cash flow that is mine, and an employer cannot take it away. I have seen people passed over for promotions, laid off, you name it. There are no secure jobs. Only you can secure your family's future. I embraced that, and never looked back. 

2. I want to pass something on. Real estate is great in that sense. 

3. I enjoy looking at deals, interacting with folks, basically putting business together. 

Sounds super cool Jack! Dig into those rental comps carefully, and make sure you have some good help for rehab. Multifamily BRRRRR can change your life, if you get it right. Good luck to you, and tell us how it goes.

 I don't have any tats, but no, I wouldn't care at all. I"m an LA guy, and whether it's beach culture or street culture, tats were a part of life for many out here. If you bring me a good deal, you could show up with a face tattoo, and I'll have zero complaints. Good realtors aren't easy to come by, so when you build a relationship with one, you keep it. 

However, I know some folks who are older or more conservative in personal presentation, who might have that concern. The thing is, as the younger demographic (20's and 30's) ages, and we have so many friends who have tattoos, it's not going to be so unusual for us. My view is, go for it. 

That sounds great! Adding you as a colleague on BP now. Let's connect. 

Nathan, ME is a pretty great degree to have. You're obviously a bright guy.

No, you don't need a 4 year degree to do real estate - but what makes you sure you'll want to be involved in real estate forever? Why not have a valuable skill like a mechanical engineering degree, and then get into real estate. If nothing else, you can get a great W2 job and use that to fund some deals.

I think it's amazing that you're interested in real estate and pursuing it - but be careful of folks telling you to drop out and give up a valuable opportunity like you have right now. I say find a way to start pursuing real estate on the side. 

#1 really happened? Wow. I don't doubt it - but even to a jaded observer, shocking. 

Smart investors 100% do - or should. I am one of the guys who should be! 

Follow this guy on Twitter (https://twitter.com/moseskagan...). I have no affiliation, but he's a successful multifamily investor in my local market (Los Angeles), and has a fund that buys value add properties locally He has pulled in investors for his fund through his Twitter postings, because he shares insights and educates. Now, content was not his only strategy, but he's used it really well to grow to the next level. 

I think YouTube is great, though a ton of people on there talking about real estate. But hey, you can shine through. 

I think Twitter and LinkedIn could be very good, if you're comfortable with more written content and some video. Medium and blogging in general can be good.

IG is solid if you're comfortable sharing both content and photos of stuff you're working on, inspirational quotes, and so on. I think that Twitter, LinkedIn and blogs have more serious investors, but there are people on IG.

I need to be doing more of this myself. Glad you posted this topic!