All Forum Posts by: Alexander Diaz

@Branden Rivero thank you for the offer but at the moment I am in my analyze phase. I am 18 and do not nearly have the capital to even acquire an FHA loan but thank you for the connecting opportunities, I will for sure use your connections in the future once I get the capital.

1286 NW 59th St, Miami FL

I found this quadplex which if the owner would be willing to come down on price I could rent it out for $442 /month cash flow or 15% return after living in it for a year so I could apply for a FHA. what do you guys think of the property,

With the way things are in Miami I have found trouble looking for cheap properties I can turn into duplexes. They are either not in ideal locations or are too expensive. Miami is known for having a big apartment market I and feel as though my potential duplex would be lost in all the noise. Any tips?

Thanks

I came across this property and I wanted to share it to see what you guys thought. (I am not in the market to buy currently so I am not afraid of someone stealing my Idea) 

With Real estate being as expensive as it is in California having a property being sold for less than 100k while also sitting there for months is unheard of. Crunching some numbers you could cashflow $300-$700 a month from this property. Can someone else run through the numbers to see if this would be a potential property that would make money.

-Thanks

Save some homes for me!!!

 Because of my academic success and credit cramming I will be able to get my Phd as early as I've said and because my parents are very supportive and have money to spare if I ever needed help financially they my back. 

I grew up close by to Camden NJ and if you know anything about the area, you know it is one of the worst crime areas in the entire country. But it has an unknown charm to it that I do not believe hardly anyone knows of yet. from talking to people who invest in Camden, you can buy a townhouse for around 60k, spend about 20k in repairs and rent it for $1000-$1200/month. The demand for houses is always there as 66% of the population are renters. It is also across the river from Philadelphia and the average person there cannot afford a mortgage which grows the need for renting. Camden is a low barrier to entry place and I have calculated (along with someone I know who invests there) that there are dozens of houses on the market that can generate great cash flow for little start up. A $40,000 investment can net you about $4,800/year on average from what I've found. I would like to hear your guys' thoughts of this. 

I hear what you are saying. Because of academic successes I have I will be able to complete my Phd in 6 years. And I do have a girlfriend who plans to work as an accountant. But I understand what you mean by nothing being set in stone.

I get what you are saying. And a 200k salary for my Phd is accurate. 

Hello everyone. I am an 18 year old freshman in college working towards a Phd in Economics. I will be around the age of 24 when I start working making around $200,000 a year plus whatever my partner makes. to make things simple let's call it $275,000 household income. I do not mind living below my means for a couple of years in order to start my real estate journey. My students loans will be around $1,000 per month which for my salary will no be a problem. The houses I look to buy for investing will be around $100,000-$150,000. How much should I save up per year so I can start investing after a few years. I plan on using the BRRRR strategy to also help finance future investments. Would love to hear your thoughts.