All Forum Posts by: Amanda N.

@Michelle Y.

We have a loan past due for the interest owed on a deal with him. Luckily we got our initial investment back when the house sold. Good but painful lesson for us.

Thanks for all the help. I'll take a look at those areas. 

I'm considering moving to San Antonio. I'm looking at houses online and emailed a realtor but there are just so many areas. I'm hoping to get advice from those of you that live or invest in the area. Is it possible to successfully house hack or are we better to just buy a single family home and then invest separately? We are a young family (2 kids) so good public schools in a nice safe area is important. We don't want to be right downtown (and probably can't afford to be) but we want less than a 45 minute commute to the airport as my husband will be traveling often.  I saw a few brand new 4plexes in New Braunfels. I was also thinking if we went a little more into the country maybe we could find a bigger property with a second small house that could bring in rental income. Do you see very many of these properties? I've searched loopnet, redfin, realtor, & zillow for multifamily but nothing that looks promising. Any locals have tips on buying a primary residence?

Came across a portfolio deal of 25 Single family homes for a million. All units are currently rented, most with 2 year leases. Rent rolls look strong. Small houses most 2/1 or 3/2, rents 550-900. Rental income 20k/month. I’m looking at buy and hold for long term renting. I would use a property management company as I’m out of state. After all expenses net profit should be $8000/month. Renovations already completed on all. For those who do package deals how to you decide if asking price is fair? In your experience is this many rentals a bad idea? Am I better to invest that same amount of money in fewer/higher cost properties? How does funding differ when doing a package deal? Thanks for any advice.

@Nick B. Thanks, that's helpful. Can you tell me what most investors look as a criteria to meet? The SFR I'm looking at are 11-21% COC 1st year and 19-30% IRR. I know it will depend on markets.

I’m looking at a couple properties out of state (Alabama, Tennessee, Indiana) with turn key companies because my California market is crazy expensive. I know I’m going to pay market price or slightly under. The properties are 100K and under so I know appreciation will be low but rents are good. The properties are already rehabbed and in A/B+ neighborhoods. All the properties positive cash flow leveraged with 20% down. When I’m looking at returns is it better to look at cap rate or cash on cash? What do most buy and hold investors look at? Thanks!

I haven’t visited but have home inspection pics and know it’s bad. I thought that the trade off might be worth the risk. But it sounds as though I need to look at a better neighborhood for our first buy ecspecially if we plan to hold onto it as a rental.

Thanks Brian, maybe a little too much to bite off. 

It’s near Fort Hood in Texas. The neighborhood isn’t great, C. But expected that at this price point.

Looking at buying an AS-IS out of state 10 unit apartment complex, listed at 80k (tax value) cash only, I know we can it get for 65. It's a disaster and from our inspection, estimate it needs 60K to rehab. We know and trust a team in the area that can handle construction and property management, etc. We have the cash, I'm just not sure it's the right deal for our first property. The rental income is 3500 and should be 4000 once remodeled. Expenses are 1800 (water, prop management, vacancies, & repairs). If we fix it and get rent it out and refi in a year I think the ARV should be 220-250k. Would you do the deal? Would you refi or just keep your money in it and have a higher cash flow each month? Thanks for all the help!