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Oct 25, 2020
6:18:28pm

Boomcannon Passing Time

Never lived in California...

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Boomcannon

Bio page: Boomcannon
Joined: Sep 9, 2013
Last login: Jun 10, 2024
Total posts: 1,209 (34 FO)

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Messages

Author

Time

What real estate investing advice does CB have today?

10/25/20 5:44pm

Buy 10 years ago

10/25/20 5:45pm

Don’t buy peak bubble or learn hard lessons

MatthiasPhunkHausen

10/25/20 5:48pm

The problem is it is hard to predict such things.

CougCoug3

10/25/20 5:49pm

I disagree. You can’t time when a downturn will come, but data re where

MatthiasPhunkHausen

10/25/20 6:00pm

So you’re saying the market in Utah is relatively peaking right now, is that correct?

RdF3

10/25/20 6:01pm

Start small and build from there

BR549

10/25/20 5:51pm

Buy the biggest, most expensive house in the neighborhood. Just to show up your neighbors.

10/25/20 5:52pm

Buy what you can afford, when you can afford it. Don't go housepoor.

cougaman

10/25/20 5:52pm

Never lived in California...

Boomcannon

10/25/20 6:18pm

BM Dave Fox, Utah Sports

TADOW

10/25/20 5:53pm

Listen to the bigger pockets podcast

doubled1981

10/25/20 5:55pm

And utilize the website Bigger Pockets.

10/25/20 6:02pm

Is your RE plan going to be more successful than a low cost index fund? Why?

valleus

10/25/20 5:56pm

Usually the answer is yes because of leverage.

BYUMizzou

10/25/20 6:23pm

On average most will lose doing what you just said vs investing that same amount

valleus

10/25/20 6:40pm

That may or may not be true, but in my opinion it doesn’t take a whole lot of

VenturaCoug

10/25/20 7:56pm

There are no shortcuts and no exceptions to the risk/reward equation.

shoganai

10/25/20 5:56pm

Just realize there are a lot of third parties that will get a hand on your money

cougfanz

10/25/20 6:03pm

A good property manager is well worth the money.

Housemartin

10/25/20 6:03pm

Buy high. Sell low.

boogers

10/25/20 6:07pm

ROI does not equal rent minus mortgage payment.

10/25/20 6:13pm

I would ask how you used fha and va to buy

bulletproof

10/25/20 6:26pm

By living in them first. Lived in both for about two years before renting them.

10/25/20 6:31pm

So you didn’t buy rental properties

bulletproof

10/25/20 6:36pm

You are welcome to describe them however you’d like, if it makes you feel better

10/25/20 6:47pm

Consider a REIT instead

Nat Gas Man

10/25/20 8:40pm

Just saw this today. I'll give my limited knowledge.

CougaRR4L

10/26/20 4:25pm

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