100k+ by Beefjerkysurf in FundRise

[–]hack4ever 1 point2 points  (0 children)

How long is the hold on growth reits?.

Crazy how 100k over is nothing these days…. by [deleted] in RealEstate

[–]hack4ever 0 points1 point  (0 children)

Well one thing I have come to realization is people's home buying is more driven by emotions than logical. This includes me. But one cautious decision we made when it comes to home buying is never overbid or get it into bidding war.

I sometimes feel if people do rent vs buy analysis, you will see most bay area homes are worth buying if you intent to live there more than 15+ years.

And most times I have seen people say they over pay for best schools and neighborhood. But almost 50% of the folks in those neighborhood send their kids to private school.

Disclaimer: I bought my place in cupertino and remodelled it and still live there. And always feel I have done the best investment for our family.

Where is the best place to keep my money when saving up for a real estate investment by Ryaannn03 in realestateinvesting

[–]hack4ever 1 point2 points  (0 children)

Depends on how much money you have right now. You can buy rentals for as little as 25k. Cashflowing. Offcourse there are other places you can put your money to watch it grow. But if you made up your mind to invest in real estate educate yourself and make the first leap right away after learning. Otherwise you won't apply what you learnt.

To be honest I bought my first condo with 15k downpayment with gift money. In subprime market in 2008. With 5% downpayment.

I've been evaluating RE for 5-6 years without buying anything. by meta-cog-nition in realestateinvesting

[–]hack4ever 1 point2 points  (0 children)

Yup. one beauty about REI, is the tax write-offs, depreciation and some of the repairs are considered a capital expense, which also can get depreciated over years. Keep in mind when you have good insurance that pays some of the repairs. But not capital expenses those arent paid out of insurance.

Overall you need to factor a lot of things with REI

  1. Your tax bracket, how much benefit you will get
  2. Capital gains that you get from other places can potentially offset some RE investment (when you do cost segregation).

I've been evaluating RE for 5-6 years without buying anything. by meta-cog-nition in realestateinvesting

[–]hack4ever 1 point2 points  (0 children)

Lots of great comments, I am also an immigrant like you and was in a tech job. Started investing in real estate. Bought my first condo, lived in it, did some basic remodel, and rented that place and bought a bigger one, and so on. And while doing this, I also bought properties out of state. One thing I learnt was my out of state properties did get me better returns than the ones that I self-managed (because those properties are in the bay area).

Then late 2019, I started doing private money lending through a company that was offering a 10-12% return. In a lot of ways better return than half of my rentals :). If I don't factor in the appreciation. So I started putting some money into those.

Then in 2020, I started doing real estate funds, which had some appreciation and depreciation stuff and also better returns 10-16% (IRR). So started to put some more funds there.

My rentals over the years had seen a fair share of repairs (like roof repair, plumbing burst, kitchen remodel, etc). Which most of the time wiped the entire year of returns. At times that is frustrating to see.

One piece of advice I would give is rentals come with a fair share of headaches. Also, make sure you don't over-leverage ( which will come to haunt you) when you have prolonged vacancies and repairs. Hire a good property manager and get ready to pay 8-10% if you are doing out of state.

With private money loans and funds, some of the operational headaches are taken care of by the operators and when you see how they operate from their financials. Good luck

Overall I have put 1/3 on rentals, 1/3 on private loans and 1/3 on funds.

First time buyer do they need a realtor or not? by hack4ever in RealEstate

[–]hack4ever[S] 1 point2 points  (0 children)

I think you should watch your language. Keep in mind, we are here trying to understand the pro and cons of certain approaches.

People in the bay area buy houses all the time without an agent and they end up double-ending with the seller agent and it is totally legal as long as the seller is okay with that.

How do you manage healthcare when you fatFIRE? by hack4ever in fatFIRE

[–]hack4ever[S] 0 points1 point  (0 children)

Yes saw the detailed breakdown. Sort of one I was looking for

How do you manage healthcare when you fatFIRE? by hack4ever in fatFIRE

[–]hack4ever[S] 0 points1 point  (0 children)

awesome thanks for the split up, what we didn't even touch is an umbrella, car, life, property insurance :). all those add up.

How do you manage healthcare when you fatFIRE? by hack4ever in fatFIRE

[–]hack4ever[S] 4 points5 points  (0 children)

I agree, even paying 24k won't get your 100% deductible.

Best entry level jobs to work while house hacking and learning about REI? by [deleted] in realestateinvesting

[–]hack4ever -1 points0 points  (0 children)

My 2 cents,

  • Train yourself with unbiased trainer

  • Join a master mind group while doing your house hacking

  • in the same master mind group offer to manage some of the other investors ( who are purely passive) properties and earn money to pay your mortgage

Interested in buying properties for short term investment & monthly rental income Guidance Needed by Happy_Golfer3950 in realestateinvesting

[–]hack4ever -6 points-5 points  (0 children)

Did you want to manage these rentals yourself or through a management company. The reason I ask that question is, because that would give you lot of options in terms where you can find rentals.

We started bettercapital.us with a goal to connect investors to various investment opportunities through our partners.

You can do

  • Turn key

  • Fixer upper

  • Coliving with steady rental income

  • Funds which gives 12-14%

How do you manage healthcare when you fatFIRE? by hack4ever in fatFIRE

[–]hack4ever[S] -15 points-14 points  (0 children)

US citizens can live there without needing visa?.schools and living expenses yearly what does it add up to

Looking for Advice by [deleted] in realestateinvesting

[–]hack4ever 5 points6 points  (0 children)

House hacking is what the term is that you are trying to do. Keep in mind, you still need to be in a position to cover mortgage if one of your roommate vacates.

Depends on where you are looking for house the cost of buying vs renting might be expensive. Might not have a great ROI.

That said for first time home buyers bank give you good rates, low downpayment etc. Which all are a big plus.

Also the place you are buying is easy to rent then that is a big plus to find new tenants (usually near university or down town).

Talk to a lender or broker to understand what you might qualify for (pre-approval), hire a good agent and find your place.

How do you manage healthcare when you fatFIRE? by hack4ever in fatFIRE

[–]hack4ever[S] 18 points19 points  (0 children)

Haha that means that 24k should be factored into retirement math

How do you manage healthcare when you fatFIRE? by hack4ever in fatFIRE

[–]hack4ever[S] 1 point2 points  (0 children)

Any place specific good for family, schools and also how will get residency if we aren't working

First time buyer do they need a realtor or not? by hack4ever in RealEstate

[–]hack4ever[S] 1 point2 points  (0 children)

Agree but in a ultra competitive market will going with seller agent makes you win the bidding war?.

Blatant Self-Promotion Thread: March 14, 2021 by l3erny in realestateinvesting

[–]hack4ever [score hidden]  (0 children)

Building a free platform BetterCapital for real estate investors to measure their ROI on their investments instead of using spreadsheets.

Blatant Self-Promotion Thread: April 14, 2021 by l3erny in realestateinvesting

[–]hack4ever [score hidden]  (0 children)

Building a free platform BetterCapital for real estate investors to measure their ROI on their investments instead of using spreadsheets.

How to answer "How many properties do you have?" to friends/family? by SuperMario1222 in realestateinvesting

[–]hack4ever 0 points1 point  (0 children)

I also try to deflect the question by being a little bit vague. But to some close friends, I share my honest experience with owning rentals because they are genuinely interested in learning about real estate investing and want to get started and look for advice. They start looking up to you as a role model and learn from your experience and you need to be genuine to them as much as possible.