All Forum Posts by: Steve Bob

@Seth McGathey thanks I appreciated 

will definitely check the podcast and it's the first time I hear about multi family cash flow benefits I gotta research more about it

@Christine Mulkins isn't 4-plex much more complicated? And it's harder to get a profitable deal than a SFH or maybe not I'm still a beginner teach us more about the 4-plex market and what locations are now available

Thanks for all your comments. It's interesting to see how everyone has their own experiences and builds perspective and believes accordingly but I'm sure you all succeeded in the way you recommended me to do.

so to buy cheaper requires more work (like adding value...) than just to buy and await the price hike, would anyone have suggestions for areas in NJ or PA for appreciation growth? And also is there a good book with simple English that explained real estate, how to value a house, neighbourhood and its pricing??

 Got it so appreciation primarily comes from high value assets not from the smaller lower quality ones. you mentioned the 4 plex I think that requires a little more experience to find a good 4 plex for that price and make it profitable doesn't it?  I'm a beginner and seeking for a quality sfh for 300k approx with solid appreciation potential and to the very least not negative cash flow in the NJ or PA area, anyone have any leads for such an environment?

Yup that’s resonable the thing is I’m located in Brooklyn NY and since it’s my first property I’d look for something within the two hour radios would you know of anything near by, like in NJ or PA?

 Got it, would you have any recommendations in areas that range for this middle class price?

It seems like to least amount of risk for the most amount of appreciation and cash flow relative to the other options that are extreme in both ways

What do u mean a house hack? And for what are you investing if not for appreciation since the cash flow is not more than the market that also gives you 10% annually on avarage

What do you mean by middle? 250k 350k are those prices good enough to get the appreciation we’re talking about?

I’m just asking since I’m new so I thought u need 400k or 500k to get the real deal

I am starting out in real estate, I’d like to hear which approach would be smarter:

• Use $50K–$100K in cash to fully buy lower-priced houses (likely in rougher neighborhoods but already rented out), then wait 6–12 months for some appreciation and refinance to pull cash out and buy another similar property?
  OR
• Use that same cash as a down payment toward a $400K–$500K house in a better neighborhood with better property quality from the start?

Which path would be better for long-term growth and scaling up a real estate portfolio?