All Forum Posts by: Allen Worley

Thanks again for all the replies.

I agree that a lease is more secure and an overall better deal.  My concern was that with me just starting out I won't have the security blanket if something goes bad.  I was just thinking of how to take just little more off the table for the first year or two.

Thanks for all of your input.  That's kind of what I was thinking but just wanted to clarify.

Considering the extreme hardships I have heard from owners concerning evictions in the Chicago area my wife has presented a question.

Instead of having tenants sign a lease, which gives a binding contract.  Would it be easier to remove non-paying tenants if there is no lease, but rather just a month-to-month arrangement?

I have been very apprehensive about the local area because of the horror stories I keep hearing.  I'm used to hearing about bad tenants damaging property or being a nuisance in other areas of the country.  But, all of those landlords were able to remove those people in short order in Alabama, Florida, and Arizona.  So, I am wondering if a month-to-month arrangement is less stressful and easier to manage?

Any input?

That's what I'm doing but I was reading an old post about evaluating a portfolio.  It was 4-5 years old so I guess the changes to the calculator have removed that option.

Is there any way to combine multiple properties into one overall portfolio calculator?

I am pursuing an opportunity that involves multiple single family homes (21).  I took the overall asking price and divided by each home and I'm using that as the purchase price for each home.  It's not perfect, some are way too high and some are low.

Any suggestions on how to make this work for building an investment package for some investors?

I have found a portfolio of 21 SFH that I am currently arranging a folder with each property's particulars.

My questions to everyone:
How do you particularly arrange an investment package for possible investors? 

What is :the rate of return that you offer your investors?

Thank you for any input,

Allen Worley

@JonathanKlemm 

Hello, newbie trying to get started this year with my first MF.  Searching loop net I found a few that piqued my interest.  The most promising looking as far as cost and general state of needing rehabbed are mostly in “Opportunity Zones”.  Doing a little research gave me my answers as to What does that mean?  But, I am still confused by the varying inputs I found.

Can someone point me at a site or YouTube video or something that can break down the specifics of this program?  My initial viewpoint is that this is just another government run program that ends up not doing anything but causing headaches.

I’ve lived in a few places around the country.

Florida:  If you don’t mind rain about 300 days a year, humidity that stifles your breathing, air conditioning blasting always (I like that, but my wife had to keep a hoodie in the car because she was freezing inside every building), and then there’s the Hurricanes…and Mosquitos…and alligators…

Jacksonville is not a very attractive place in general.  There are some very nice areas, but in general it’s just really boring.  The downtown is OVERRUN with homeless.  The beach is not a clean water, it’s so shallow that the waves churn up the sand so it’s always kind of brown.

Orlando is nice but can get very overcrowded.  This is where I went to high school and I loved it.  TONS of things to do for a family, it’s kind of what the city is all about.

Tampa is not too bad, a lot of trashy neighborhoods just outside the city.  If you are moving for the beach check the time to drive from wherever you are looking at, it will be much further than you realize and over a Very Long bridge. 

Miami is just way too overpriced and the pay does not reflect the cost of living so it’s hard to make a living there.

Arizona:  I positively Love Phoenix.  Yes it’s hot as hell for a few months, but, for 9 months a year it is absolutely beautiful.  We will be buying a second home/condo there in the next few years.

Alabama…Sweet Home Alabama…If you haven’t thought about the Gulf Coast area you may want to give it a look.  Mobile has good and bad areas but also it’s close to A Lot of places like New Orleans, Pensacola, Gulf Shores (a secret gem of the south).  If you like hills and beautiful country look at Northern Alabama. (Yes, I am from southern Alabama)


I was stationed in North Carolina in the Marine Corps…literally nothing good to say about Eastern NC.  I’ve heard the western part of the state is amazing though, around the Charlotte area.  But, yes it gets cold and snows.

We stayed in Los Angeles for 6 weeks and I can not for the life of me figure out why anyone lives there.  Taxes, Homeless, Traffic, overcrowding, Cost!! Ex: $750,000 for an unliveable 1 bedroom house with a yard that needed 3 retaining walls to have any flat surface, in Inglewood….and that was over 3 years ago before the new SOFI stadium.

Just my opinion, hope it helps.