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Updated over 5 years ago,

User Stats

26
Posts
14
Votes
James Piercy
  • Rental Property Investor
  • Austin, TX
14
Votes |
26
Posts

Remote 8+ unit atps mentorship or quick close on SFR Roofstocks

James Piercy
  • Rental Property Investor
  • Austin, TX
Posted

My first purchase was a duplex in Austin, TX for $435k (110k down) with $3,200 month rent.  I bought this remote and had some serious learning lessons.  I have since moved to Austin and purchased a primary residence.  I just got pre approved and have been looking in the Austin market again but have recently realized that Austin may be too hot for what my goals are.  I have started searching on Roofstock.  I like the platform and how remote purchases can be more carefree.  I see myself either focusing on cash flowing SFRs all over the country as they come up or making a larger move for a remote apartment complex (8+ units).  

I am looking for a mentor or someone who has done this before that can give some advice.  My short term, long term goal is $5,000 month net rental income.  The duplex cash flows almost nothing with the increasement of this years property tax.

Ideally, I would like an affordable cash flowing apartment complex but would also be open to purchasing ample amounts of SFRs.  What routes do people suggest or have done themselves? 

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