How Jeffrey’s Investment Property Is Consistently Cash Flowing Since 2020
Loading...Loading...Loading...Loading...Jeffrey, a Recruiter at Google, has been one of our longtime customers since 2020. His investment portfolio reflects the notion that "diversification is key" – consisting of stocks, bonds, and now real estate through Doorvest.
Doorvest is built to advance financial security for all. Seeing how a longtime customer is yielding great returns from his resilient investment vehicle has our team more fired up than ever. Not only is this a testament to how much our customers believe in our product, but every day where we can help someone have direct ownership of an investment home is a day we get closer to democratizing financial security for all.
Enjoy our complete interview with Jeffrey below!
Why did you want to invest in real estate?
I'm always in the mindset that diversity is key. I wanted multiple income streams outside my full-time job, and real estate investing would help me generate passive income.
Since the stock market is more volatile, I would always recommend my friends and family to diversify their portfolios. Especially during times like these - at the time I write my review - stocks are down over 20% - my home equity and cash flow have remained consistent and positive. Nobody should be all-in on stocks, but neither should they be all-in on real estate. However, if you haven't gotten into real estate, I highly recommend starting now because the market ebbs and flows, but real estate is steady.
How did you hear about Doorvest?
I was an absolute beginner in real estate investing before Doorvest. I have always been intrigued by alternative investments, specifically how real estate was a great asset vehicle combined with stocks and crypto. I knew the founders and trusted the company, so it initially began as me supporting my friends. But, as they walked me through the platform and showed me the process, it made sense and excited me more.
Why did you decide to invest in real estate through Doorvest?
What boosted my confidence the most was how well-laid out the math and investment calculator was. 10-15% on average equity growth and a cash-positive investment from day one.The cash-positive portion was what drew me in the most. The portal was also well done so shoutout to the product and engineering team for this!
How was your experience working with Doorvest?
So far, it has been pretty great! Doorvest did much of the groundwork, and I had very few action items:
One thing I wish I had known was the entire cost upfront. The down payment is not the final amount you pay. There are still closing costs such as credit checks, appraisal fees, real estate agent commission, etc., and those costs add up. Therefore, I would recommend saving an additional $10K more than your initial down payment in case you have high additional fees to cover.
Other than that, happy to share a few post-renovation photos of the investment property I closed through Doorvest in 2020: