Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

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? 

Loading replies...