All Forum Posts by: Anthony Hom

@Paul Shannon yes I agreed I was looking at a 50 k house in there they state they have a tenant in placed

Hello BP

Have any of you guys have experience with Roofstock buying with tenants in placed? I have looked at house between 50-80k some have tenants placed. They provided the tenants ledger which gives me proof of their rent history. Have you guys have good or bad experience with them. I heard from others that their ledgers might be fake.

I was searching homes in reading. I didn’t have no luck there. I am also looking at Allentown. 

@Nathan Smith You should go and major in finance and economics. This will teach you about liabilities and supply and demand

Hello Bp

Does anyone know the true vacancy rate for this area in paterson? I know it in a rough part of town, and i was wondering if the neighborhood going to improve. 117 Madison St, Paterson, NJ 07501

@David Smith hey are you invested in reading ? I’m trying to get into house there but house are too cheap in the that area with high risk. Just want to know your input.

hey did you wind up investing in reading? I'm also from nye looking at turn keys properties, but like you said the low job growth make it too risky 

Hello All

I am searching on Zillow on real estate homes that are selling with tenant occupied. My question is why do investors sell the cash flow assets? Is there a way to ask why they are selling it. I have searched homes that are 50-70k and stated in their description that are tenant occupied with cash flow monthly. Are landlords profits getting eating up from wear and tear cost ?

It really hard buy a 50-70k house with a good cash flow knowing that you might run into problems. What do you guys thinks ?

@Angelo Wong

This situation you’re in is tough only if you don’t outsource. If I were you I would fire your realtor. Never ever trust a realtor they are brokers they want commission!!! Nothing wrong with that they need to make a living.

I wouldn’t sell the home only if the vacancy rate is too high on that property. Your math sound about right. But I would not settle for an L. I would try to atleast break even by trying to re rent and putting the house on the sell market at the same time. That way you can insurance your self of a risk that the tenant might not pay rent on time or you no longer want to deal with this headache. But who knows they might be good if you pick the right tenant. Try to out source the tenants. Not all realtors are great. You don’t need them. What you do need is a business partner.

Stocks right now are indeed a V shape from the crash in March. If you want to get in I think it a fair market price to go in on REITS stocks that only pays good DIVIDENDS.

I was kinda in the same situation as you. This is the reason why you don’t partner with a realtors.

you can try two options. One use your 50k cash and invest it in REITS Stocks with high dividends 10 percent, Pandemic right now a stock prices are at a fair value. With that said you will get cash flow with the dividends plus stock value. I suggest you look up best REITS on google finance. Plus FEDs are buying corp bonds left and right. 

Option two invest in a 40k cash house 10 k use for emergency rehab, I would look at cities with best low unemployment rate. You'll have to invest in a good property manager and a good credit check agency. Also, look at what are the regulation in the city that you are interested. Regulation will hurt you cash flow or investment funds. Cities like Reading P.A have many houses 35-80k but they have 2 years of city inspection and they love to crack down on landlords. Plus the city have a high unemployment rate...

I would pick Option One investing in REITs or a good stock like McDonalds can give you a nice dividend investment. The liquidity is far much easy to get out if you cash flow has sunk than in real estate value of 50k cash.

Have this in the back of your head the cheaper it is the more cost you will have...