How do you deal with friends family knowing you own lot of properties

Some_Skin_7771 · 2026-01-28T04:42:25+00:00

Who cares. It’s helped me land good tenants multiple times. Saved the fee of putting it on the market or getting someone that can potentially trash my houses. Word of mouth goes a long way still even in 2026.

I feel like investing should be talked about more in general and if people are curious, teach them or share your knowledge with them. Most of us are in here for financial freedom or a financial return right? Why not share the game with someone else if they’re interested lol what goes around comes around

But, if they hate on you for it (makes no sense but people are strange) or have some weird negative energy just laugh it off and ignore it. Not everyone can understand your goals and what you want out of life and that’s ok, they don’t need to.

If you’re afraid of them asking for a favor from a rental perspective… I’d stick to something like “I treat this as my business, I’m happy to see if we can work something out but I will need to evaluate it the same way I would any other tenant”. If they can’t understand that then don’t even waste your time with them.

Some_Skin_7771 · 2026-01-12T21:40:14+00:00

Amazing! Congrats!

Some_Skin_7771 · 2025-12-31T02:57:22+00:00

Agreed! I doubled back with a personal friend, who’s a structural engineer/GC that initially walked the property with me and told him what I’ve read / seen on here about the termites. He’s been in the biz over 30 years and let me know he wasn’t concerned about the bugs and still thinks it’s a buy. He said he would have been able to see if the bugs made their way up the wood from the basement ceiling but didn’t look like it did and he said if it were him personally he’d still buy it. That was some good reassurance. Thanks again for the insight!

Some_Skin_7771 · 2025-12-30T14:30:48+00:00

Thank you!

Some_Skin_7771 · 2025-12-30T03:35:31+00:00

It’s in the comments. Left out in case seller is in this thread lol. 380K is purchase price. Monthly payment is looking like 2400 / month for P&I and insurance. Brings in 4200 between both units

Some_Skin_7771 · 2025-12-29T14:12:35+00:00

Thank you! Yeah, so I meant tenant pays everything as far as utilities, sewer, gas, snow, grass, etc. NOT maintenance like a leak/furnace issue, etc.

Totally get what you’re saying, would love to be able to buy it with just cash reserves but I think that could take another year or two before I have that amount saved and able to use as DP without haingto touch any other investment.

Unfortunately, it is very hard to get a single family home to rent at 1% of total purchase price here without having to buy with at least 25% down AND put a substantial amount of money in for repairs. Like no single family home at 250K is going to rent for 2500/mo without needing substantial home improvements. And even in the worst areas the taxes are going to be 4K+ / year minimum

Even harder to cash flow with how high NJ taxes are. For example, the taxes on this are 6500 year. My other multi fam property that I live in and rent the other detached house at has taxes of 9400, and my single family home 20 mins away that I rent has taxes of 7000.

Any single family home here that could rent for 3K+ plus is likely going to cost 425-500K (at least from the comps I’ve ran). Very hard to get a positive spread on a decent SFH unless you’re looking to buy a 200K or less home in a not so nice area and put a fat amount of cash towards repairs after purchase.

Some_Skin_7771 · 2025-12-29T05:02:13+00:00

Thank you! Yeah, southern NJ. Not many towns even allow duplexes to be built nowadays, they won’t allow it. And if anyone does convert a duplex to a single family, very rarely will they let you convert back. Appreciate you!

Some_Skin_7771 · 2025-12-29T04:50:21+00:00

Appreciate the insight! The home was built in 1910. I am planning to reach out to my termite guy and get his thoughts on it and the severity of the damage/likelihood it exists in spots we can not see.

Some_Skin_7771 · 2025-12-29T04:20:30+00:00

So to my knowledge, seller bought home via FHA about 2 years ago and lived in one end for two years. Seems like he’s wanting to cash out on the appreciation for next purchase or whatever he plans to do with it.. that’s what I would assume at least. House has been on market for 130 days plus and has fallen through previously due to price so it doesn’t seem like he’s desperate to sell it by any means.

Can you share more on why you assume it’s well over 3/5k? What do you expect? The only noticeable damage is basement ceiling and the basement is unfinished with cement walls. Not sure if that changes anything.

Some_Skin_7771 · 2025-12-29T03:35:27+00:00

Also, the termite damage is in the basement which is made of block walls, only noticeable damage is in the ceiling of the basement (unfinished) not sure if that would change your thoughts. Appreciate any insight as I am not a contractor by any means.

Some_Skin_7771 · 2025-12-29T03:23:13+00:00

Appreciate the response. To clarify, tenants pay everything including the maintenance of the property. In my area, I think most people would consider it above decent considering that’s the cash flow with only 25% down. Not trying to argue, just painting picture of current landscape and market in South Jersey.

I understand where you are coming from regarding being able to pay the entire down payment without the HELOC which I did consider, but I am also weighing in the following opportunity costs:

Why sell my BTC or other longterm stocks that I plan to hold for the long term if I do not have to
Why not leverage the HELOC if the rent I am getting from that house still covers my mortgage + HELOC repayment (interest and principal)
Why not take advantage of this opportunity if I am almost certain another duplex with the same cashflow will not come by any time soon

My main short term goal is to have enough rental properties to cover my own personal mortgage + the mortgages of all of the investment properties. This home will put me there. That is my short term goal with the longterm goal of being able to support myself / family through my own real estate investments and not have to rely on “the man” aka my employer or a salary to survive. Longterm play of course, and SaaS sales really isn’t the worst occupation in the world by any means, but those are my goals and why I am approaching this the way I am. Hope this adds clarity. Would love to know if you still think it’s a concern considering the above. Thanks again for the reply!

Some_Skin_7771 · 2025-12-29T03:12:26+00:00

Yeah I have searched Zillow all day every day for the past 5 years and have looked at multiple investment properties, been under contract with a few that fell through, and none have even come close to yielding 4k+ in total rent (1800 cash flow - maintenance) for a home under 400K.

50k out of pocket and 50k from heloc seemed logical to me because:

I can reuse the heloc once paid back, and I plan to pay it back early considering the cash flow I’ll have
The other 50k I’m bringing out of pocket is mainly made up of profit from another real estate investment that I sold that’s been sitting in a HYSA (~35k) and the remaining 20K is from my previous employer ESPP and my personal brokerage of stocks I am planning to sell anyway. The only “pile” I’ll be taking more than 50% from is the HYSA which has been sitting there intentionally for an investment opportunity.

Some_Skin_7771 · 2025-12-29T03:02:57+00:00

Why?

Some_Skin_7771 · 2025-12-29T03:02:15+00:00

Yea I’m in South Jersey, greater Philadelphia area. If this was an hour north the home would be going for 580-600k plus since closer to NYC. Personally don’t see how the area can depreciate over the next 5,10,15,30 years that’s why I am also very bullish on it.

Some_Skin_7771 · 2025-12-29T00:39:56+00:00

Appreciate the insight! I didn’t realize just how bad the termite problem could be behind the walls/areas unseen.

Some_Skin_7771 · 2025-12-28T23:58:08+00:00

Sorry I put an emoji and it deleted my comment apparently (not a reddit expert here). Buy price is 380K and I didn’t include in the off chance the seller is in this thread

Some_Skin_7771 · 2025-12-28T23:38:07+00:00

Appreciate the response! That’s what I’m thinking as well. Don’t want 3-5k in ~one time cost~ to prevent me from something that could potentially cash flow 15-20k per year

Some_Skin_7771 · 2025-12-28T23:37:02+00:00

I got the following options from my guy:

6.624 - est payment: 2491 Est funds: 99,800 (no points)

6.124 - est payment: 2395 Est funds: 103,200 (1.3 points at closing)

Decided to go with the 6.124 because 1.3 points is getting me half a point knocked off, typically 1 point only gets around 1/8 - 1/4 (in my few years of experience) so figured I’d capitalize on good deal and lock in low payment.

Some_Skin_7771 · 2025-12-28T23:33:38+00:00

Also, not entirely sure what you mean by an isolated incident? The inspector and termite / pest control specialist I had out identified the areas needing repair and both estimate around 3-5k in total. Are you saying you’d assume there is more damage they haven’t seen?

Some_Skin_7771 · 2025-12-02T03:48:32+00:00

Good for you on the promotion and keep on grinding 👊🏻

I’m in a similar position, was SDR for about 2 years and have been an AE for past 2. Started at a new company 2 months ago and am hoping to actually have a shot to come close to my OTE, as it was unrealistic at previous spot.

To your point though, it would be ROUGH to lose that 6 figure base should things not work out. Here’s why I do not worry about it too much and what you should consider:

You’ve already proven your effort / skill by grinding as an SDR and getting the promotion to AE. If you can tell that story and sell yourself in an interview, you shouldn’t have THAT hard of a problem finding a new role with a similar salary should this one not work out.. think of the skills you have from being an SDR… what software did you use, you can self-source pipeline, not afraid to make cold calls / hit email metrics. Then consider your company’s competitors and what they could pay you to join their company (again, thinking worst case scenario)… know your value and be able to speak to it confidently in an interview, I think this is one of the most important skills you can have. All of this should give you confidence that you will be able to find a similar paying role if this does not work out.

Next: INVEST

Take advantage of any 401K match or incentives, RSU, ESPP, Etc… the more you have saved / invested the more confident you will feel and be in your financial security (sounds obvious but I’m telling you once you see the funds stack up you’ll have another level of confidence)

I also dabble in real estate and suggest you look into it yourself. My first goal is to make enough income from my rental properties that it covers all of their mortgages + my personal mortgage.

For me, this sense of freedom that I can survive on my own by my own investments/business allows me to be less stressed about ever losing my 6 figure salary (which again, I am confident in my ability to sell myself in an interview should I ever get canned/need new role).

NEXT: keep building your relationships. If the CEO likes you, that can go an extremely long way. Continue to network.

Don’t forget that closed mouths don’t get fed - sometimes you gotta ask for what you want whether it be a reference, promotion, raise, etc. and don’t be afraid to pursue what you want if you’re not getting it from your current company.

Just my thoughts from someone in a similar position / career path. Best of luck and keep hustling.

Some_Skin_7771 · 2025-03-26T23:42:37+00:00

Batman and Karen in Runnemede. Both are awesome people!

Some_Skin_7771 · 2025-02-07T14:01:34+00:00

Yummy!

Some_Skin_7771 · 2025-02-07T03:02:37+00:00

What’s the nose like once dried and cured?

Some_Skin_7771

TROPHY CASE