All Forum Posts by: Dan D.

 Looks like you need to spend 300k+ to get a rental fetching 2k-ish in rent, in that area.

What's the cost per sq for constructing one of these today?

Yep, I am aware of the many benefits of the program.  I think it's a great idea; just wondering if it will change the way investors approach buying properties.

Usually, SFR's you want to buy in a good school district, however, now that may not be as important, so the REI figures will be impacted.

Many invest in RE based on good school districts, so, I am wondering with states talking about adopting school choice policies, how will that impact ones investing strategy?

Thanks everyone for the ideas and input.  Need to think some more on it and maybe try a couple different options.

So I run a full time mortgage business, and even though I’m in an industry connected to Real Estate; I just don’t have the time to become an active investor.

My days are long and I’ve got a couple young kiddos at home, so, I just don’t have time for it.

That being said, I’ve accumulated around $1mil in Capital that I want to invest.  I’m probably going to take 250k of that and invest in the stock market through a good friend that’s wealth advisor/ money manager, so, that leaves the balance of $750k to deploy into RE.

Looked at turnkey out of state rental investing, but, it seems that purchasing the property at such a premium really cuts into decent returns.  Plus I still need to deal with having the right management company set up.

What else should I look at?  What are realistic expectations  of returns for simply supplying capital?  What type of risks are associated with this?

Was reviewing another thread about syndications, sounds like that might be a decent fit for what I’m looking for?

Thoughts?

I review the marketplace here a lot to evaluate deals and see what the market is doing.  I have noticed that a lot of the wholesalers, turnkey providers and brokerages are working the Cleveland market.

Is there anything special happening in this particular market?  Or is it just a great place to invest?  What about over-saturation?  

Thoughts?

Ok; yes I understand now.  Thank you.

I didnt understand the last statement. Are there tax benefits to private lending out of an IRA that are not available when owning RE? Can you clarify?

So I see some properties listed in the marketplace that are units and older.

The COC% is good; but, as I understand it w/ these types of investments you buy for the cash flow and must be careful of your price point b/c if you HAD to unload the property you could take a loss.

SFH's you buy for cash flow and appreciation/equity capture; but, 2-4 units are more for cash flow; is that right?

Some of these properties I see were built between 1900-1920; seems kind of scary to own something that old.

Thoughts?