All Forum Posts by: Tanner Marsey

And to answer your question.... the worst neighborhood in SD county has got nothing on south side Chicago.

Hello from SD county!

Lots of opportunities here in the places you mentioned. Don’t rule out oceanside either. Military town (although your wouldn’t really know it unless someone told you) that is rapidly gentrifying. Upscale bars, restaurants, retail and homes/apartments/condos popping up all over and very quickly. Can still find single family homes in the 400k range that will require some light rehab just a few miles from the beach. I moved here just over a year ago from Orange County and absolutely love it.

Inland.... vista, San Marcos, Escondido all have some opportunity, too.

Competition is fierce. There seems to be A LOT of money chasing returns. People are operating on razor thin margins.

That said, if you’re looking for long term buy and hold properties with rent increases and appreciation VERY likely I think SD is a good bet.

Go direct to seller. Cut out the wholesaler fee. They get a little more money in their pocket and you get to keep a little more of yours. Everyone wins. Except the wholesaler who doesn’t deserve to.

Proof of funds.... he doesn’t want to waste his time. And you shouldn’t wanna waste yours! If you have the means/access to the cash be upfront and say so.... if you wanna wholesale the deal.... also be upfront and say so.

@Erik Whiting

You’re forgetting that in certain parts of the country 120k/year barely gets you by on a modest lifestyle.... especially if you have a family.

If I had the desire to leave my W2 job I’d need about 15k to support my family and live the lifestyle I would like to. I have no desire to leave my w2 job for another 15-20 years.

Once I work some more and retire early I’d like to have about 7k/month in passive income through a mixture of buy and hold RE, syndications and stocks. On my way but rerouting right now..... the further along I get the more passive I’d like to be.

I would finish it and keep it as a rental at this point.

Do the whole BRRRR thing and recoup as much capital as possible. Use it for the next one.

As a flip.... you’ve lost. As a long term buy and hold investment you could still come out on top.

5 or more units.... yes.

4 or less, as far as buyers and lenders are concerned... no.

That’s in theory, of course.

Damn. I’ll loan you money at half that rate!!!

You provide a clean, safe livable structure. Babysitting is not included in the price of rent.