All Forum Posts by: Anthony L Amos Jr

Hey,

Im new here and made it a goal to start investing in multifamily units next year and am looking for a mentor and/or suggestions

Thanks in advance!

Gabby

So I'm a fan of MF investing.. I've been looking at traditional financing with 25% down (it sucks I know but I've saved and don't know of better options currently) and I've even considered going FHA at 3% IF I could find a nice quadplex locally. The main issue with both of these plans, ESPECIALLY the FHA one, is the mortgages! With non primary rates over 8%, nothing seems to be able to create any kind of decent CF. I'm running numbers on properties with 120-150k out of pocket with ROIs in the 11/12 year range because most properties are CF around a couple hundred a month. I know I could refi eventually but I disagree with ever accepting negative CF and don't want to put myself in any compromising position. That being said, I know the big players that are into both SFH and MF aren't not buying due to the rates.. atleast I assume they're not. What can I do? What are you doing? How are you able to invest in this climate and make deals make sense? Also, I live i the central Florida area where we've got duplexes selling for around 4-500k.. Let me know your thoughts! I'd greatly appreciate it. Having a very hard time keeping a positive mindset toward RE investing with the current economic state and "whats to come".

PS.. for those in my area who look at out of state investing, I'm attempting to learn more about this subject and getting over the sketchiness of never seeing a property or physically being able to handle something if necessary BUT, if you are.  Where are you looking at investing and in what class of property? Hows the CF?? 

Hello everyone, My name is Anaika. I'm only 18 years old and have a good chunk of money saved up, but I don't know what to do with it. I always wanted to start house hacking; that's always been my main focus in life. I want to buy a home and rent it out to someone reliable, but since I'm so young, I think I can't really do much because it will be tough to get the deal started on the property or just get the bank to give me a FHA loan from the start. My credit isn't bad at all, but I don't know if that matters at all. I'm just coming on here to get some suggestions from you and see what I can do. I'm a very ambitious person and like to learn from others.

Hi BP Fam! I am in the process of my first 1031 exchange. I had a buyer over the summer that totally screwed me. He led me on and then ghosted which put me in a totally new environment. I'm finally closing but the new interest rate is 75 bps higher than before. Story of the year, I know... Now I'm experiencing it firsthand. I have been looking in Columbus and Cleveland primarily. I was recently pointed towards Sioux City, IO which I don't know much about. I'm having a hard time making anything pencil. Curious if there are any other markets you guys are having better success in? Please help! THANK YOU, THAKN YOU, THANK YOU!!!

Hello all!

It's a pleasure to be a part of this group. As the title states, I am ready to buy my first rental property. I have 100k as my disposal and I am currently looking at single-family homes or multi-family homes. The goal is to purchase to rent, then do a cash-out refi to add more homes to my portfolio. I am using ROI spread sheets (which I'm sure everyone is to an extent) and simply looking at cash-flow positive homes using the 1% rule. I am having a hard time finding single-family homes that meet the 1% rule and some multi-family ones. Does anyone have any advice on where to begin? I currently own a home, so the living-hack does not suit my situation, any suggestions? Also, is my 1% philosophy skewed, am I being narrow-minded, is it a location thing? I am open to any and all suggestions. Again, just starting out and I will love any advice. Thank you!

Hello all! 
been two years since I’ve last posted on this. But I am looking for some assistance when it comes to long distance investing and would love to hear what y’all have to say! Hope y’all are having a good day!

Hi,

I'm seeking to start my real estate investing in the Columbus, Ohio area. If anyone has recommendations for great wholesalers, realtors, contractors, and property managers in this city, much appreciated!

My name is Christian Rodriguez, i am a real estate investor starting out still trying to find my first deal in the (US) preferably in Columbus, Ohio is where i am focusing my time on analyzing deals. Im wondering if anyone can tell me if they've had any past experiences, good or bad, that i should know about before really pulling the trigger, and also if the state of ohio is a tenant friendly or landlord friendly state.

this is my first of many more post to come from me about this market so bare with me here !!

Hope everyone is having a great year, Thank you! 

 you can still buy affordable and cash flow homes in columbus too I don't think you can say one market is better than the other. both have deals every day that work. I think you have to develop a stronger strategy as an investor than just "buy cash flow houses" 

Sold my home in San Diego and paid off my debt. Have about 60k to invest. Thinking of multi-unit and I will live in one of the units and rent out the rest. I don't have a location yet but considering somewhere in the mid-west. I'm completely new to this. Any advice would help.