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Hi Folks,
Recently I had given couple of interviews for a company and after 10 days, HR had called me and told that my feedbck is positive. They just wanted me to join early but my notice period is 2 months and they were ready to buy me out,. I told them that there is possibility but it depends on my company’s current resources. So we discussed salary and HR asked me to sent my current salary details. I have gt an update from HR that it will take some to get the approval. How long it might take?Amazon IBM Tata Consultancy
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Mostly SFH’s. Bought in 2008, started renting it out in 2010. $200k purchase price now worth $600k. Did a cash out refi at 2.5% during COVID.
Picked up two flips in 2015 generating 8% ROI. Three more turnkey after that. 30-40% increase to market value
Bought four SFH homes in rapidly growing cities between 2017 and 2021 (around $400K each) with 25% down payment. Rent pays for 15 year mortgage and escrow plus I get to keep $1200 per month. Home valuation went up by 40% on average as well.
Coach
I’ve always done multi family because I didn’t like the SFH “all or nothing” scenario. That can be mitigated if you buy a few of them at once, but I just went straight for 3-4 unit buildings, and my most recent was a 10x unit apartment bldg. I sold this one recently, but rolled gains into another 12x unit building.
I bought my first investment house as housing for my college student child and rent the other rooms. I’ve had some hassles with it. Literally can’t find anyone to do lawn care, fence damaged by wind, giant tree died, outdoor faucet froze/broke. In comparison to paying for housing for our child it’s been cheaper but as an investment it’s a hassle. My other real estate investments are all through private funds. No work, hopefully better return. As an individual I couldn’t buy a large apartment complex and then refurbish the units but through the private fund can do that.
I love real estate!! Investing in real estate can take many forms, and what works best for one person may not work for another. That being said, many people who have invested in real estate have found success with long-term single-family rentals. This approach involves purchasing a single-family home and renting it out to tenants on a long-term basis. The advantages of this strategy include the potential for steady cash flow, long-term appreciation, and the ability to leverage leverage the property's equity to purchase additional properties. Other investors may have found success with other forms of real estate investment like multi-family rental properties, commercial properties, flipping properties, vacation rentals, and more. It's important to do your own research and find what approach aligns best with your goals, risk tolerance and the market you are operating in.
Anyone invest via a private reit and be willing to share your experience? I’ve read a lot about them but haven’t met anyone who is actually in one.
Ditto - I use one based in TX and have a 10-15% share of 4 different established multi-family properties in hot cities (Nashville, Austin, Dallas, and one other I’m forgetting). Into each for $300-500K. They pay about 5-6%/year as they refurbish and bring pricing to market, and then I get the upside of the appreciation at sale in 2-4 years (which can be 50+%)….not sure if it’s a REIT per se, more a shared private equity play in real estate.
I have been investing in SFH long-term rental (1 year term) since 2016. Great tax advantages and the appreciation has been an excellent way to diversify from the stock market. I have generated 16% annual return with appreciation and leverage included. I do not use a property management company and I broke even in Year 1 if rented 9.5 months. I now break even if rented 8 months and I have had one tenant that has renewed four times. I am looking for another high quality rental property but tougher in the current market.