Bought in Buffalo in 2008. Buying here this year. Current home value < California down payment 
Welp, Iām 26 and just purchased my 3rd, would like to get #4 , 5 and 6 this calendar year but realistically will be happy if I get to #5 since the market for 3 and 4 unit properties is scarce. That said, not to be a downer, but I have a company I use for inspections & prospecting. Just some market research info I suppose. As per the single family, Iāve been in my current single family for about 12 months and may stay a while, but that depends more on whether I can sell my LLC or not. If I sell that thing, I will probably move to Texas for 6 months + 1 day annual because of the tax code.
Iāve been in my house for 2 years, will be looking for something larger with property within the next 4-5 years. After buying and living in my own house I now have a better idea what I want and need.
Next house must have a larger kitchen, attached garage for the daily drivers, and a detached garage or space to build one to work on/store the toys.
Thatās not a downer, There are like 200 inspectors in the area. I wont win and have no desire to win all the business out there. I have enough connections and marketing experience to hopefully keep myself busy enough and fund my next build in a few years.
For sure. In my honest opinion, as someone who started a service business and tried to do the heavy lifting for too long on my own, Iād recommend just building the brand and then hiring inspectors on flat rate 1099 under you. Thatās the way itāll be fiscally the most intelligent while also legally avoiding all of the payroll implications that exist now.
That is 100% my model. I already have two guys that arrangements are being made with. I am in sales so I am the guy that can drive the business. I am a very competent inspector, more competent than 95% actually but you are correct in that I donāt want to do all of the work all of the time.
It wasnāt really something I actually looked in to or thought about.
I figured it out when I started looking at rental prices. First time on Zillow looking at pieces of dirt in Santa Ana going for 3-400k was a big eye opening moment for me. Haha.
Pay to play. Once you have the down payment youāre never going to lose money owning anything near the beach. Especially when theyāre zoned for short-term vacation rentals and can generate a yearās salary in a summer.
Well after throwing away rent for 6 years, it got old real fast. Plus my wife and I finally settled into jobs that weāll be in for the foreseeable future, so the time was right.
I just canāt imagine retiring here due to the cost and amount of people.
Itās sticker shock more than anything. If you are compensated fairly for the area itās not an issue.
Weāll see what the next 2 years brings. We are falling more and more in love with it out here as time goes on.
Yea, it is kind of sickening throwing $20k+ a year away in rent.
I have been in my current home since December 2012 and Iām on house 5 as far as investments. Looking to buy or build in the next year or so.
I close May 13th on my forever home, our first house that we purchased in 2009 sold and closes the same day.
New house is basically finished but iām sure ill have a few more build threadsā¦like a 25 x 40 two story pole barn with a gym upsatirs and all my tools and toys downstairs 
Entering into the market for my first piece of property this summer. Ideally looking for a duplex to start.
I love my current home, live in a great neighborhood in Cheektowaga. Iām not planning on moving out unless two things happen: I have a family, cause my house is no place for 3 or more people.
- A ton of minorities move in. And before you say Iām racist, NO. My parents neighborhood in Cheektowaga by Town Park was beautiful growing up. When I got to about 18 years old a lot of the old Italian and Polish couples began to pass away or move into nursing homes, and the city life moved in. That neighborhood is a shit hole now. Itās only a matter of time for me, hoping for at least another 10 years.
This is my current situation as well. I bought my first home with a 10 year plan. Iām about halfway through and Iām looking to move that timeframe up a little. Having started a new job and now working for a bank has both thrown a wrench into things, but also opened up a couple new opportunities that I didnāt have before. It seems like everyday I go to work, new opportunities open up and I see more potential for myself in my career. That also raises the bar for what I want in another house and what I can see myself being comfortable with and being able to afford.
I will say that buying my first home and going through the inspection process will be a night/day difference in the next house I buy.
Maybe I should buy a bando in Detroit this year.
we have been in house #2 since late 2010. I love the house and we put in a pool a couple of years ago thinking it was a long term place. now with 2 kids though my wife has definitely got the new house bug. She wants to make a pretty big upgrade, to a point I canāt imagine it not being a forever home. I bet we move in the next 2-3 years before our oldest gets to school age.
what are the requirements to be a home inspector in NYS? My brother had one done when he bought in Brooklyn a few years ago and when I saw it, I told him he should have just thrown the money away. It was a completely garbage report and heās paid the price in the years since. The house was a flip and they hid a ton of sins behind fresh walls and paint.