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Updated over 5 years ago on . Most recent reply
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Remote 8+ unit atps mentorship or quick close on SFR Roofstocks
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?