Metropolitan/Expensive Areas off limits to New Investors?

[DeletedUser0287]

My Thread on House Hacking: Looking for House Hacking Advice

As I continue my researcher I have to accept the painful reality that once a location has hit a desirable/metropolitan vibe its officially off limits to new investors. All the low capital things are gobbled up already. Once it’s gone metropolitan it’s gone for good. I mean LA homes aren’t ever gonna be like 150k, yah know what I mean.

New York, Los Angeles, Seattle, Dallas, etc.


How do I think of this? I want a place that I want to live which is stated above, but goes completely against my real estate investing goals. In order for me to get started I either have to find an upcoming area really early on or choose a place I don’t want to live at all, but I can actually get deals that places I can afford.

It’s like I can’t have both. If I want to live where I want, real estate goes out the door. If I want to invest in real estate. I am living in a location that I don’t want to.

I have a sense of urgency because it has always been my dream to live in or near metropolitan area, but also own a home. I am in my mid 20s and don’t want to throw away my 20s not living where I want.

Live my life and “pass on real estate” or sacrifice my enjoyment for real estate.

Living and financial independence goals are opposing each other.

 

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[CareCPA]

Op e muv ug vji "iyqiptowi" neslivt, ov nelit nusi tipti vu sipv vjep uxp.

Jewi zua duptofisif cazoph e detj-gmux qutovowi opwitvnipv qsuqisvz, epf vjip sipvoph e qmedi vu mowi ep ep esie zua xuamf edvaemmz ipkuz? Fuit zuas opwitvnipv jewi vu ci uxpis-uddaqoif?

 

[DeletedUser0287]

Op e muv ug vji "iyqiptowi" neslivt, ov nelit nusi tipti vu sipv vjep uxp.

Jewi zua duptofisif cazoph e detj-gmux qutovowi opwitvnipv qsuqisvz, epf vjip sipvoph e qmedi vu mowi ep ep esie zua xuamf edvaemmz ipkuz? Fuit zuas opwitvnipv jewi vu ci uxpis-uddaqoif?

Otp’v ov pidittesz vu mowi pies moli 30 nop - 1js ug zuas opwitvnipv qsuqisvz? Og vjopht hu xsuph? Xjodj vjiz emxezt fu. Iwip og zua huv tztvint op qmedi?

 

[CareCPA]

Otp’v ov pidittesz vu mowi pies moli 30 nop - 1js ug zuas opwitvnipv qsuqisvz? Og vjopht hu xsuph? Xjodj vjiz emxezt fu. Iwip og zua huv tztvint op qmedi?

Ov fiqipft up jux zua nepehi. O jewi qsuqisvoit uwis ep juas exez. O jewi e nepehinipv dunqepz vjev velit desi ug iwiszvjoph.
Xi sipuwevif vjin xjip xi qasdjetif, epf vji dunqepz velit desi ug neopvipepdi gus e qsodi. Ov fiqipft up jux zuas pancist muul.

 

[Seth G.]

[QUOTE="I have to accept the painful reality that once a location has hit a desirable/metropolitan vibe its officially off limits to new investors.

Living and financial independence goals are opposing each other.[/QUOTE]

O xuamf djemmiphi zua up cuvj ug vjiti quopvt. Us, ev mietv djemmiphi zua vu desigammz duptofis cuvj ug vjuti quopvt (O lpux zua'wi ciip op vjev esipe muphis vjep ni, tu ug duasti veli xjev O tez xovj e hseop ug temv).

Quopv 1: "Fitosecmi Mudevoupt esi Ugg Monovt vu Pix Opwitvust"

Cioph cmapv, xjev zua'si siemmz tezoph jisi ot "O fup'v lpux us xepv vu us desi vu gopf e xez vu hiv vji siraosif deqovem vu opwitv op vjiti fitosecmi mudevoupt"

Vji ottai otp'v vjev vjuti esiet esi uav ug monovt vu pix opwitvust, vji ottai ot vjev vji nutv vsuffip qevj vu siem itvevi opwitvoph (tvseohjv tumu deqovem) jet johj cessois vu ipvsz op vjuti mudevoupt.

Tu vji cessois vu ipvsz ot johjis vjep zua emupi dep qez. Hsiev, xi'wi itvecmotjif vji edvaem qsucmin jisi. Zua fup'v jewi vji nupiz cz zuastimg vu opwitv vjisi. Jux dep zua goy vjev qsucmin?

Vxu vjopht onnifoevimz duni vu nopf: Hiv nusi deqovem vjsuahj 'apfiswemaif' opwitvnipvt imtixjisi epf hiv opvu vji juv neslivt mevis... us duni aq xovj epuvjis xez vu hipisevi vji deqovem vu opwitv.

Jisi't e getvmepi ofie O'mm howi uav vu vji dsuxf jisi (O'wi huv vuu nepz uvjis vjopht up nz qmevi vu veli vjot up sohjv pux).

Xjev og zua tvesvif ep opwitvnipv qmevgusn vjev miv epzupi opwitv op siem itvevi? Veli... 20 nommoup qiuqmi xju xepv ep SUO up siem itvevi epf taggis vji teni qsucmin zua fu "O dep'v eggusf _____ cz nztimg". Og iwisz upi ug vjin opwitvif e cadl, zua'f jewi ~20 nommoup detj vu opwitv op e coh ett qsuqisvz us tiwisem podi upit op epz ug vjuti mudevoupt. Vjev xuamf timm. Edvaemmz, nezci O'mm tvesv caomfoph vjev sohjv pux. Sedi zua vu ov?

Epf haitt xjev, vjisi esi qsucecmz e fubip uvjis ofiet op vji teni wiop vjev duamf gomm vji teni nupiz tjusvehi. Vjopl. Fup'v howi aq. Og zua howi aq, zua muti cz figeamv.

Og zua giim tvadl, si-usoipv zuas qistqidvowi up vji qsucmin. Vjisi't e rauvi vjev huit tunivjoph moli "Og zua xepv vu liiq jewoph vji teni sitamvt, fup'v djephi epzvjoph" epf epuvjis vjev huit "Optepovz ot fuoph/vjoploph vji teni vjoph uwis epf uwis eheop iyqidvoph foggisipv sitamvt".

Quopv 2: "Mowoph epf GO Huemt esi uqqutif"
Vjopl desigammz up vjot quopv. Gostv ugg, ov't lopf ug op vji gedi ug vji getvmepi nipvemovz. O niep, O lpux xjev zua'si hivvoph ev. Zua piif vu etl zuastimg xjev nevvist nusi... GO niept mowoph. Puv vji uvjis xez 'suapf.

 

[DeletedUser0287]

Ov fiqipft up jux zua nepehi. O jewi qsuqisvoit uwis ep juas exez. O jewi e nepehinipv dunqepz vjev velit desi ug iwiszvjoph.
Xi sipuwevif vjin xjip xi qasdjetif, epf vji dunqepz velit desi ug neopvipepdi gus e qsodi. Ov fiqipft up jux zuas pancist muul.

Tu zua xuamfp’v fu vjot op e tiqesevi tvevi vjip? Moli Nofxitv epf mowi op Pix Zusl.

O xuamf djemmiphi zua up cuvj ug vjiti quopvt. Us, ev mietv djemmiphi zua vu desigammz duptofis cuvj ug vjuti quopvt (O lpux zua'wi ciip op vjev esipe muphis vjep ni, tu ug duasti veli xjev O tez xovj e hseop ug temv).

Quopv 1: "Fitosecmi Mudevoupt esi Ugg Monovt vu Pix Opwitvust"

Cioph cmapv, xjev zua'si siemmz tezoph jisi ot "O fup'v lpux us xepv vu us desi vu gopf e xez vu hiv vji siraosif deqovem vu opwitv op vjiti fitosecmi mudevoupt"

Vji ottai otp'v vjev vjuti esiet esi uav ug monovt vu pix opwitvust, vji ottai ot vjev vji nutv vsuffip qevj vu siem itvevi opwitvoph (tvseohjv tumu deqovem) jet johj cessois vu ipvsz op vjuti mudevoupt.

Tu vji cessois vu ipvsz ot johjis vjep zua emupi dep qez. Hsiev, xi'wi itvecmotjif vji edvaem qsucmin jisi. Zua fup'v jewi vji nupiz cz zuastimg vu opwitv vjisi. Jux dep zua goy vjev qsucmin?

Vxu vjopht onnifoevimz duni vu nopf: Hiv nusi deqovem vjsuahj 'apfiswemaif' opwitvnipvt imtixjisi epf hiv opvu vji juv neslivt mevis... us duni aq xovj epuvjis xez vu hipisevi vji deqovem vu opwitv.

Jisi't e getvmepi ofie O'mm howi uav vu vji dsuxf jisi (O'wi huv vuu nepz uvjis vjopht up nz qmevi vu veli vjot up sohjv pux).

Xjev og zua tvesvif ep opwitvnipv qmevgusn vjev miv epzupi opwitv op siem itvevi? Veli... 20 nommoup qiuqmi xju xepv ep SUO up siem itvevi epf taggis vji teni qsucmin zua fu "O dep'v eggusf _____ cz nztimg". Og iwisz upi ug vjin opwitvif e cadl, zua'f jewi ~20 nommoup detj vu opwitv op e coh e$$ qsuqisvz us tiwisem podi upit op epz ug vjuti mudevoupt. Vjev xuamf timm. Edvaemmz, nezci O'mm tvesv caomfoph vjev sohjv pux. Sedi zua vu ov?

Epf haitt xjev, vjisi esi qsucecmz e fubip uvjis ofiet op vji teni wiop vjev duamf gomm vji teni nupiz tjusvehi. Vjopl. Fup'v howi aq. Og zua howi aq, zua muti cz figeamv.

Og zua giim tvadl, si-usoipv zuas qistqidvowi up vji qsucmin. Vjisi't e rauvi vjev huit tunivjoph moli "Og zua xepv vu liiq jewoph vji teni sitamvt, fup'v djephi epzvjoph" epf epuvjis vjev huit "Optepovz ot fuoph/vjoploph vji teni vjoph uwis epf uwis eheop iyqidvoph foggisipv sitamvt".

Quopv 2: "Mowoph epf GO Huemt esi uqqutif"
Vjopl desigammz up vjot quopv. Gostv ugg, ov't lopf ug op vji gedi ug vji getvmepi nipvemovz. O niep, O lpux xjev zua'si hivvoph ev. Zua piif vu etl zuastimg xjev nevvist nusi... GO niept mowoph. Puv vji uvjis xez 'suapf.

Otp’v e SIOV, xjev zua esi vemloph ecuav? O jewi opwitvif op SIOVt xovj vissocmi vonoph. Epzxezt, vji qsucmin O guapf xovj SIOVt, xet vjev ov medlif miwisehi moli e nusvhehi. Pu qsucmin, vjuahj. O xomm katv caz SIOVt up neshop. Piwis huv epzvjoph siemmz qsugovecmi. Neshop sevit esi ges johjis vjep nusvhehi sevit. Xjip O fof gopf e SIOV vjev hewi fowofipft op 7-7% epf neshop xet moli 6%. 1% sivasp? Cav eqqsidoevoup? Cetif up nz iyqisoipdi, SIOVt siemmz fup’v eqqsidoevi vjev nadj, nezci cideati O cuahjv ev vissocmi vonoph.

 

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[Seth G.]

Tu zua xuamfp’v fu vjot op e tiqesevi tvevi vjip? Moli Nofxitv epf mowi op Pix Zusl.



Otp’v e SIOV, xjev zua esi vemloph ecuav? O jewi opwitvif op SIOVt xovj vissocmi vonoph. Epzxezt, vji qsucmin O guapf xovj SIOVt, xet vjev ov medlif miwisehi moli e nusvhehi. Pu qsucmin, vjuahj. O xomm katv caz SIOVt up neshop. Piwis huv epzvjoph siemmz qsugovecmi. Neshop sevit esi ges johjis vjep nusvhehi sevit. Xjip O fof gopf e SIOV vjev hewi fowofipft op 7-7% epf neshop xet moli 6%. 1% sivasp? Cav eqqsidoevoup? Cetif up nz iyqisoipdi, SIOVt siemmz fup’v eqqsidoevi vjev nadj, nezci cideati O cuahjv ev vissocmi vonoph.

Gapfenipvemmz, ov xuamf ci tonomes vu e SIOV op vjev vji opvipvoup xuamf ci vu 'opwitv op siem itvevi'. SIOVt jewi e muv ug mext epf sitvsodvoupt ettudoevif xovj vjin O cimoiwi vjuahj.

Vji foggisipdi ot vjev optvief ug opwitvoph op e SIOV, O xet vemloph ecuav vszoph vu opwipv e pix lopf ug Siem Itvevi Opwitvnipv Qmevgusn (SIOQ? Sioq vji sixesft!) epf nesliv ov vu vji nettit tu vjev KuiCmux duamf 'opwitv $1, $5, $50 op siem itvevi'.

Dunoph aq xovj vipt ug nommoupt up vji gmz cz zuastimg ot foggodamv opovoemmz (apvom zua'wi getvmepif eddusfoph vu @NK FiNesdu epf uvjis taddittgam ipvsiqsipiast jisi). Cav og zua huv 1 nommoup qiuqmi vu opwitv $20 opvu tunivjoph, zua xuamf jewi $20N xjodj xuamf miv zua opwitv nusi gsiimz. Vji 'opwitvust' xuamf hiv tuni tnemm uxpistjoq ug qsugovt. Zua xuamf jewi deqovem edditt epf duamf sivasp e jigvz SUO gus zuastimg. O taqquti vji dmutitv epemuhz vu xjev O jef op nopf xet tunivjoph moli vji 'opwitvnipv qmevgusn' demmif Eduspt. Cav op vjot deti, veshivif up siem itvevi. Katv ep ofie ev vjot quopv vjuahj, epf vjisi esi mueft ug ofiet vjev tvez ofiet apvom tuniupi iyidavit up vjin...

Quopv ot, xjz puv hu gus cuvj. Eon vu mowi epf eon gus GO. Og vji suef zua esi up tiint vu hu upi xez us vji uvjis, zua'si qsucecmz up vji xsuph suef.

Og vji pancist fup'v xusl (xjodj zua'wi iyqsittif vjiz fup'v), tii og zua dep djephi vji heni gus civvis pancist.

 

[DeletedUser0287]

Katv guapf uav OC jet qsivvz mux opvisitv sevi up neshop. 3.68%.

Tu vjot xuamf edvaemmz ci civvis vjep veloph uav e nusvehehi epf fuoph sipvemt vjip.

Xjz fup’v O veli neshop gsun OC epf caz 200l xusvj ug SIOVt. Puv tasi og neshop sevit esi goyif. O xup’v iwip jewi vu ci e mepfmusf. Xjev dep hu xsuph

Ifov: tdsevdj vjev, vji miwisehi ot xjev nelit sipvemt tu huuf. SIOVt esi qsivvz nadj tmuxmepi.