All Forum Posts by: Tyler Jahnke

Hey @Brandon Coleman - I'd definitely recommend going the house hacking route. $40k is a solid downpayment for in many markets. You can even afford something in expensive markets if you get an FHA loan.

One of the largest expenses you'll ever have is for HOUSING. You have a chance to set yourself up with a strong financial foundation at the young age of 22 and reduce your living expenses now, then move on to the next step which is saving more to reinvest for the next opportunity.

Congrats man and best of luck! You're on the right track.

-Tyler

Hey @Matthew Odou - here are some metrics I look at when evaluating a cash flow market:

• Population growth
• Job growth with higher wages
• Business-friendly
• Diverse economy
• Strong occupancy rates
• Acquisition price-to-rent ratio
• Landlord friendly
• Infrastructure development
• Lifestyle amenities
• Education

Google will be your best friend when analyzing markets. Best of luck on your move! And congrats on thinking about real estate investing at a young age!

-Tyler

@Justin Thorpe - Google and connecting with investors and real estate professionals in the market. That'll help you make a decision. Put in the upfront work and it'll pay off in the long run. Let me know if you have any questions or if I can help.

-Tyler

Hey @Alyssa Feliciano

I say this all the time so I may sounds like a broken record, and I literally just posted this on another thread hahah but...

First you need to define your strategy, and it sounds like it's buy and hold for cash flow. So you're right, you may have to look outside of California (where I live too!).

The Midwest, The South, Texas are all good markets for cash flow.

BUT...here's the thing...

You're never going to find the "perfect" market. At a certain point you're just going to have to pick one, build connections on the ground, learn to analyze, and go from there!

Things to research when analyzing markets:

• -Population growth
• -Job growth with higher wages
• -Business friendly
• -Diverse economy
• -Strong occupancy rates
• -Acquisition price-to-rent ratio
• -Landlord friendly
• -Infrastructure development
• -Lifestyle amenities
• -Education

Best of luck and shoot me a message if you have any questions!

-Tyler

Hey @Serena Tillman - I say this all the time so I may sounds like a broken record, but...

First you need to define your strategy. Is it buy and hold for cash flow? If so, you may have to look outside of California (where I live too!). The Midwest, The South, Texas, The Southeast are all good markets.

BUT...here's the thing...

You're never going to find the "perfect" market. At a certain point you're just going to have to pick one, build connections on the ground, learn to analyze, and go from there!

Things to research when analyzing markets:

• -Population growth
• -Job growth with higher wages
• -Business friendly
• -Diverse economy
• -Strong occupancy rates
• -Acquisition price-to-rent ratio
• -Landlord friendly
• -Infrastructure development
• -Lifestyle amenities
• -Education

Best of luck and shoot me a message if you have any questions!

-Tyler

Not sure if you all saw this but @Scott Trench posted this great graphic on Instagram today:

I've never personally put much effort into learning more about it as an investing strategy, but I'll say I have used the site from a consumer standpoint and it was awesome.

We went "glamping" a couple years ago in a very luxurious tent with warm water shower and toilet. Super cool experiences and especially for us living in urban metros it was really cool to get out of town for a while and experience a slower pace. I definitely see the demand for this.

-Tyler

Hey @Alex Merkel - I would look at your predicament NOT as having to choose one or the other. Why not BOTH?

Go to school, get your degree, increase your income, and when you're not studying or doing homework, spend time learning the world of real estate. Use podcasts, books, this forum, and also constantly network. Hope on calls with investors, meet them for coffee. Try to get some hands-on experience too...maybe you can shadow some experienced people or help them out on weekends. Think about this next step as just the first step in a LONG journey.

The time you put in now will be worth it in the end. Even though it may seem like a lot of upfront work without financial results, you must remind yourself that real estate is a long-term game.

-Tyler

Hey @Tyler Santos - another Tyler here!

I've never personally used Podio before, but I have heard good things about it. I believe is more of a project management tool which is why it could look a little daunting.

I personally use the free version of Hubspot and it's been simple enough for me. Test it out and try multiple projects is the only advice I'd give.

-Tyler

Hey @Clayton Pearce - with you saying your hope is to "acquire several rental properties" I'm going to assume your strategy is to buy and hold for cash flow.

With that being said, let's not worry about timing the market yet. First, you need to figure out if selling your current rental and buy 1-2 additional properties will provide you with more cash flow and the same (or better ROI). Not sure where you are in deciding to sell or not, but my point is to start with the analysis first.

If you CAN'T find more cash flow and better ROI out there right now, then there's no reason for selling right now (unless you need some cash). And your decision is made.

As someone mentioned earlier, I'd recommend looking into a HELOC as well. Using that with some cash (if needed) can get you that 2nd and 3rd property as well without selling your 1st.

-Tyler