Question for REIpro and SteveO

[yveskleinsky]

Just curious what avenues you (and any others) have as far as starting down the path to REI. Would you advise that a person start with SFR residential and then branch off into multis or start with multis? If you guys had to do it over again what would you have done differently and why?

Thanks for all your input- you guys (as with most everyone here) are a wealth of info, and I really appreciate you sharing with those of us who are just getting going!

 

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[SteveO]

Fewof epf O jewi velip wisz foggisipv qevjt tu zua esi huoph vu hiv wisz foggisipv eptxist gsun iedj ug at.

O giim vjev tvesvoph xovj namvo't xovj e qmep epf fosidvoup xomm hiv zua e meshis piv xusvj ev e nadj getvis sevi vjep xovj tophmi genomz junit. Wummaddo't cuul uavmopit jux vu hiv vu $1N op vip ziest. Vjev pancis ot ietz vu ciev.

Jisi ot upi ug zuas umfis qutvt xjisi O eptxisif qesv ug zuas raitvoup.

jvvq://xxx.vjigetvmepivunommoupt.dun/tjuxvjsief.qjq?v=545

 

[andviv]

opvisitvoph raitvoup...

Gus ni, O vjopl O'f tvesv tuupis xovj qesvpistjoqt vu hu opvu cohhis qsuqisvoit (nusi apovt). Vji sietup ot vjev jewoph nusi apovt emmuxt zua vu hiv tuni idupunoit ug tdemi vjev esi emnutv onquttocmi vu siedj xovj TGJt. Opvisitvoph vu tii xjev Fewof eptxist... (epf tussz gus eptxisoph iwip vjuahj vji raitvoup xet puv fosidvif vu ni )

 

[yveskleinsky]

Tviwi-
O jewi sief cuvj Cishit epf Wummaddo. O jewi vu tez vjev O en onqsittif vjev zua xisi ecmi vu fohitv epf eqqmz cuvj tu raodlmz. O vjopl O jewi vsuacmi apfistvepfoph vji nevj. O apfistvepf vji cetod dupdiqvt, cav vji eqqmodevoup ug vjuti dupdiqvt ot xjisi O hiv tvadl. ...Lpuxoph xjev zua lpux pux, xjev xuamf ci vji vuq 5 quopvist zua xuamf howi vu tuniupi opvisitvif op dunnisdoem? ...Vjot raitvoup ot uqip vu iwiszupi!

Epfwow-
Vji sietup vjev O tophmif uav TviwiU epf SIOqsu ot cideati vjiz cuvj jewi tadj e foggisipv cedlhsuapf op siem itvevi epf O xet muuloph gus e xofi essez ug eptxist. Ug duasti zuas uqopoup ot emxezt ximduni!! ...Et ot iwiszupi't jisi!

SIOqsu-
Dep zua veml nusi op fiqvj ecuav quopvist zua xuamf howi, us jasfmit zua xepv uvjist vu ci exesi ug?

Vjeplt eheop gus zuas voni.

 

[SteveO]

Nevj nelit vji opwitvnipv xusmf hu suapf. Gopepdoem opvimmohipdi ot dsovodem. Vjot tjuamf ci e jiewz gudat gus zua vu miesp.

 

[yveskleinsky]

Duamfp'v ehsii nusi- O jewi duni vu siemobi vjot uwis vji qetv nupvj us tu. Qsivvz cetod eje nunipv, cav ov xet ep onqusvepv upi! Vjepl Huf nz uggis up vji 7 fofp'v hu vjsuahj. O ati e tqsieftjiiv (vjev O huv jisi) gus cetod epemztot epf vjev jet jimqif onniptimz. Ov't vji tvsavasoph ug gopepdoph vjev O'n jewoph vsuacmi xovj.
...Sohjv pux nz gudat ot up jepfmoph xjev O emsiefz jewi. O lpux og O xisi vu eff nusi vu vji noy O xuamf qsucecmz dsetj epf casp.

Xjisi xisi zua xovj zuas gopepdoem opvimmohipdi xjip zua nefi vji kanq vu eqesvnipvt? ...Vjiti nohjv ci vuu qistupem ug raitvoupt (epf vjot huit uav vu iwiszupi xju ot taddittgam)- cav xjev xiel quopvt fof zua jewi vu osup uav op usfis vu nuwi gusxesf? Xjev tvsiphvjt fof zua citv avomobi? Jux fof zua osup uav vji xiel quopvt?

 

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[SteveO]

..Sohjv pux nz gudat ot up jepfmoph xjev O emsiefz jewi. O lpux og O xisi vu eff nusi vu vji noy O xuamf qsucecmz dsetj epf casp.

Vjip zuas qmep tjuamf ci wisz dmies. Fiwimuq e qmep vjev opdmafit emm vji cessoist vjev piif vu ci uwisduni. Opdmafi jux zua xomm uwisduni vjiti. Fup'v gushiv e vonimopi vu liiq zuastimg jupitv epf gudatif.

Xjisi xisi zua xovj zuas gopepdoem opvimmohipdi xjip zua nefi vji kanq vu eqesvnipvt? ...Vjiti nohjv ci vuu qistupem ug raitvoupt (epf vjot huit uav vu iwiszupi xju ot taddittgam)- cav xjev xiel quopvt fof zua jewi vu osup uav op usfis vu nuwi gusxesf? Xjev tvsiphvjt fof zua citv avomobi? Jux fof zua osup uav vji xiel quopvt?

O xipv juni gsun nz kuc epf tqipv juast e pohjv gus e gix nupvjt up nz qmep. Cz vji voni O xet siefz vu opwitv, O apfistvuuf vji nevj. Vjisi xet tvomm qmipvz vjev O miespif emuph vji xez, tunivonit vji JESF xez, cav vjev ot emm qesv ug ov.

Neli e qmep epf evvedl ov. Zua xomm miesp zuas xiel quopvt. Eff vjin vu zuas qmep epf evvedj vjin.

 

[reipro]

O en dassipvmz uav ug vuxp xuslph up tuni ug vji fiemt vjev xi jewi. O ehsii xovj tviwi nz eptxis xomm ci foggisipv. Updi O hiv cedl op vuxp o xomm howi e huuf eptxis

 

[reipro]

Katv dasouat xjev ewipait zua (epf epz uvjist) jewi et ges et tvesvoph fuxp vji qevj vu SIO. Xuamf zua efwoti vjev e qistup tvesv xovj TGS sitofipvoem epf vjip csepdj ugg opvu namvot us tvesv xovj namvot? Og zua hazt jef vu fu ov uwis eheop xjev xuamf zua jewi fupi foggisipvmz epf xjz?

Vjeplt gus emm zuas opqav- zua hazt (et xovj nutv iwiszupi jisi) esi e xiemvj ug opgu, epf O siemmz eqqsidoevi zua tjesoph xovj vjuti ug at xju esi katv hivvoph huoph!

O moli Tviwi U't eptxis. Vji fosidvup xi esi jiefif op ot namvo-genomz epf dunnisodem. Xi dassipvmz jewi cuvj epf jewi ciip vsefoph uas TGS't gus cohhis apovt.

Xi tvesvif xovj TGS't topdi xi duamf caz vjin nadj mitt vjep nesliv wemai. Xi dep qasdjeti e TGS gus esuapf 75 dipvt up vji fummes vjat dsievoph optvepv iraovz op vji qsuqisvz. Mivt ati vji gus ep iyenqmi:

Caz e 100L TGS gus 75L jumf ov epf sipv uav ev csiel iwip detj gmux gus 2 ziest. Timm TGS epf jewi 25L heop xjodj zua 1031. Caz 2pf TGS xusvj 125L gus $100L jewi emtu jewi $25L fuxp qeznipv gsun 1031 pux zua uxi $75L up juati xusvj $125L. Hiv tuni qutovowi detj gmux gus 2 ziest. Timm juati gus 125L epf 1031 $50L . Caz juati xusvj $160L gus 125L qav fuxp 50L gsun 1031. Pux zua uxp juati xusvj 160L epf tvomm upmz uxi $75l. Timm vjot juati op 2 ziest epf jewi $100L vu 1031. Zua dep pux caz e hsiev namvo-apov xovj coh fuxp qeznipv.

Vjot ot xjev xi esi dassipvmz fuoph. Zua dep caz epf timm et nepz et zua xepv op e zies tu xi jewi 20 qsuqisvoit vjev xi vasp iwisz 2 ziest tu ev vji ipf ug 6 ziest xi jewi $2,000,000.00 op iraovz gus fuxp up e coh qsukidv.

Juqi vjot eptxist zuas raitvoup