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Oct 25, 2020
5:52
:49
pm
cougaman
Intervention Needed
Buy what you can afford, when you can afford it. Don't go housepoor.
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cougaman
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cougaman
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Mar 11, 2006
Last login
May 19, 2024
Total posts
68,820 (4,523 FO)
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Messages
Author
Time
What real estate investing advice does CB have today?
BountifulCoug5
10/25/20 5:44pm
Buy 10 years ago
Fatalplacebo
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.
Texas Hammer
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.
Junior Deputy
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.
Junior Deputy
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.
Junior Deputy
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
Junior Deputy
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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