All Forum Posts by: Travis Dawson

@Hau N., your time has value and there is a cost to it. You shouldn't look at it as an eliminated expense, its just an expense you are paying to yourself.

If there is nothing in the lease to say otherwise I'm not sure how much recourse you have. You can try talking to her, but if she can't be convinced to compromise you can't force her to change.

How long are you ok with losing 225 a month for?

What will you do if the house doesn't appreciate like you want it to? What if the market takes a down spiral and rents and appreciation both go down? What happens if one of you loses their job?

I get that California is tough, and plenty of smarter people than I have speculated in the California market and won, so I won't comment on your strategy. But you and yours need to sit down and talk through some worst case scenarios before you pull the trigger.

One thing I haven't seen touched on in this thread is time and volume. Unless you get really lucky with appreciation in your area it takes a lot of volume for your income to really make a difference. Getting a lot of properties generally takes a lot of time. Not to mention work.

Thats actually pretty cool and I'm downloading it now. Gotta say though, limited availability on a digital copy is mighty silly.

 Isn't that disingenuous? a year lease gives them a rent rate that is protected. Month to month means their rent can be raised at anytime with very little notice (15 days in Idaho at least).

If you are selling out of necessity for money why would you take the lower offer?

I suppose it all depends on your cash reserves and how much risk you are willing take/how much money you are willing to throw at this place.

Do you think you are getting the place for a good deal?

Would it still be a good deal if the foundation needs work?

Would it still be a good deal with massive termite damage? Mold? etc.

Are you comfortable with being blindsided by those potential issues?

in general you make money on the buy. I.E by working to buy a property for far less than market value. Very slim chance that happens with a new build so you rarely see investors buying them. 

Couldn't they have just decided Real Estate wasn't for them?

There is more than one way to generate wealth or live a comfortable, happy, life.