All Forum Posts by: Travis Rasmussen

Hi Jonathan!

How can I help you? I am an agent from Murrieta and I'm in the MLS every day. What are you looking for?

1. Read--A LOT. Brandon Turner here has some fantastic books on getting started, I would read ALL of them.

2. Go to your local REIs--they are a great way to meet people and learn from some local experts in your field

3. Have you listened to all the podcasts yet? It's a great way to get multiple insights on how people broke into the industry.

Hope this helps!

1. HouseHacked

2. Started Earlier

3. Gone to More REIs

@Julian Sung

Hmm, coming back to this thread there is a lot of good information. Your situation sounds tough though-->buying a home for 500k-800k can, I hate to say it, slow you down with investing. It's hard to even type that because your #1 goal was to get your family out of the cramped 3/2 bath your currently in. :/

I also understand that you don't want to go far for safety reasons when driving back home, I take it your work the night shift? 

HAHAHAHA

We sound pretty similar, I covet my 5-Star Reviews, I think it is what allows us to kill it. 

Where are you focusing on your LTRs?

@Anna Domzalski

I agree with a lot of what @Luke Carl has said.

We personally only buy our vacation rentals in areas that have year-round travel. We want to make sure there is always something going to keep occupancy rates high. What's awesome is just by following this model, when we go to those locations for travel, we can't even stay in our own place because it's usually booked!

It's such a great way to scale. It definitely takes some times on the front end--getting the right cleaner, loading up on supplies and having a steady supply of them (you will go through lots of towels), etc. But personally, we have fell in love with the STR route and hope to keep scaling up.

@Luke Carl, I have been thinking about getting a virtual assistant as we scale. What have you used? What has been the cost?

I'm with @Aaron K.

Those are the two biggest questions. 

Also, sadly, "Deal" can be a loaded word--> What type of investing are you looking to get into?

Flip

Wholesale

STR

@Julia Bykhovskaia

What is Orbirental exactly? I haven't heard of it.

@Steve O'Keefe

Awesome, with that in mind what I would do if I was in your situation is have the property that is going to be paid off in 8.5 years keep its course. Just let it do it's thing and in 8.5 years you will have a paid off property in Kearny Mesa.

For the second property, I would use that for my launch pad in the career in investing. $210k is an AWESOME start. I would sit down with the wife and come up with if you had $210k in your bank account today, and not in that property, what would you do with it?

Multifamily?

Invest out of state?

Partner on Deals?

Short Term Rentals?

What has been appealing to you guys if your start a career in investing? Has anything perked your interest?