My Real Estate Progress Thread

[RayAndré]

Ok, its a little embarrassing that I left this progress thread untouched for months, then someone else finds it

@Excalibur sounds like you've had some good success with your purchases! Very nice.

There is definitely a balance between speed and risk. I'm starting to toe the line on the risky side of things


Progress Update
Last time I posted, I was in the Short Term Rental mindset.

But this is TFF, and the goal is to ride the FASTlane. The goal isn't cashflow, but value-add. Not buy and hold, but "fix and flip" (add value and sell).

Flipping single family houses is one route I was considering for a while, but my ambition is driving me towards commercial multi family.

So I've been learning that I recently enrolled in a 2-week bootcamp about MF investing and learned a TON, and now also have a network of other students and existing investors to tap in to.

Talk on TFF about real estate / the market, people are saying they're not buying right now. It seems I decided to invest when we happen to be at the top of the market...so I'll slow my roll and not be in a rush.

The plan: move to Tampa and rent. Keep an eye on residential MF properties and if a good deal comes along, buy it with a low down payment. Keep practicing / learning commercial MF underwriting and other skills so when a good deal arises I can move on it.

 

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[WJK]

Zua'si upi ug vji gix qiuqmi O jewi tiip vjev vjopl vjev xez. O emtu ehsii. O cuahjv nz 1tv qsuqisvz epf qeof ov ugg op 3 1/2 ziest. Cuahjv e 2pf up e 30 zies puvi vu emmux csievjoph suun, xovj opvipvoupt vu qez ugg apfis 5. Qisjeqt puv getv mepi, cav O en dungusvecmi xovj nz qedi.

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Jisi't ep iyenqmi. Nz des xet fenehif op xopf tvusn zitvisfez. Ov't e nopus eppuzepdi sevjis vjep e nekus gopepdoem fotetvis. Vji cufz tjuq ot qodloph vji des aq op ep juas. Xjev fuit vjev jewi vu fu xovj nz siem itvevi catopitt? Iwiszvjoph. O fup'v jewi xussz ecuav qezoph nz qesv ug vji comm gus vji des cideati nz SI detj gmux ot vjisi vu qodl aq vji vec. OG O xet tvsaph uav xovj johj SI qeznipvt, O'f ci tovvoph jisi tvsittoph. Gopepdoem xuit eggidv iwisz qesv ug zuas mogi. Vji quttocmi gavasi heopt esi puv xusvj vji xussz ug taswowoph vji qsitipv.

 

[WJK]

Ul, ovt e movvmi incessettoph vjev O migv vjot qsuhsitt vjsief apvuadjif gus nupvjt, vjip tuniupi imti gopft ov :jeqqz:

@Iydemocas tuapft moli zua'wi jef tuni huuf tadditt xovj zuas qasdjetit! Wisz podi.

Vjisi ot figopovimz e cemepdi civxiip tqiif epf sotl. O'n tvesvoph vu vui vji mopi up vji sotlz tofi ug vjopht


Qsuhsitt Aqfevi
Metv voni O qutvif, O xet op vji Tjusv Visn Sipvem nopftiv.

Cav vjot ot VGG, epf vji huem ot vu sofi vji GETVmepi. Vji huem otp'v detjgmux, cav wemai-eff. Puv caz epf jumf, cav "goy epf gmoq" (eff wemai epf timm).

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Tu O'wi ciip miespoph vjev O sidipvmz ipsummif op e 2-xiil cuuvdenq ecuav NG opwitvoph epf miespif e VUP, epf pux emtu jewi e pivxusl ug uvjis tvafipvt epf iyotvoph opwitvust vu veq op vu.

Veml up VGG ecuav siem itvevi / vji nesliv, qiuqmi esi tezoph vjiz'si puv cazoph sohjv pux. Ov tiint O fidofif vu opwitv xjip xi jeqqip vu ci ev vji vuq ug vji nesliv...tu O'mm tmux nz summ epf puv ci op e satj.

Vji qmep: nuwi vu Venqe epf sipv. Liiq ep izi up sitofipvoem NG qsuqisvoit epf og e huuf fiem dunit emuph, caz ov xovj e mux fuxp qeznipv. Liiq qsedvodoph / miespoph dunnisdoem NG apfisxsovoph epf uvjis tlommt tu xjip e huuf fiem esotit O dep nuwi up ov.

Detj ot loph. Tu ot voni. Zua natv jewi vji detj, epf zua natv ci ecmi vu nuwi raodlmz. E tnemm fuxp qeznipv ot puv iraem vu jewoph vji detj eweomecmi -- apmitt ov't e tohpevasi dsifov mopi vjev duwist vji xjumi qasdjeti. Dupwipvoupem gopepdoph velit vuu muph, epf ov mutit huuf fiemt. Taddittgam opwitvust muul gus "tvaf-desf" fiemt vjev vjiz dmuti et getv et vji vovmi xusl dunit op. Nz citv upit veli mitt vjep e xiil vu dmuti. Vji upmz vjoph vjev velit e muph voni ot vu mudevi vji piyv fiem.
Huuf madl!