All Forum Posts by: Bryant Bagley

Real Estate guys & girls - Please let me know what experiences you’ve had in dealing with Cozy or Zillow’s rent collecting service.  Pros and Cons?  Has everything gone smoothly or have some issues popped up that would keep you from recommending one or both of their services?  

Ive come to the point where I have to use property management or some sort of automated system. I am tired of chasing the rent down.  Any and all helpful information will be appreciated!!!  Thanks and have a good one - Bryant

I invest within 2 hrs from my house.  I think the market will settle down some next month and we will see some more advantageous pricing.  Fingers crossed.

What are the numbers? What is your expectation/goal for cash return or ROI? Did you meet that goal? Is cash flow Your main strategy and, if so, then why a 15yr loan?

Glad you got this one all wrapped up.  Hope it’s performing as you’d like.

Good for you.  Any pics of before and after?  So, the property was $30k and the build was around $158k?  Sounds like it worked out.  Again, would love to see some pictures of the place.  Cheers.

LOL I don't invest in the hood.  

Where are the numbers on this?  I think the interested parties would probably need some figures such as rent, expenses, and asking price etc.  

Hope you get rid of it.

I would not call $50k "Lots of cash", but I think it's a fine place to start. $100k would be more ideal and allow for more options IMHO. I would not invest in Denver, where the price per sq ft is pretty high, but seek other markets with a better ROI and price point. I would find a SFH, duplex, or fourplex in a reasonable market with a very good school system (no 2-4 scores, only 7-10s). With only $50k, I would start conservatively in a Buy & Hold strategy with 1-2 properties, putting down 20-25%. You would need to factor in property management and ask very good probing questions when discussing potential properties. Get the facts on the roof, repairs, maintenance, HVAC, and get the actual numbers if the property is/was a rental. Keep it simple. Find a good deal that cash flows 15-20% ROI from day 1. Do NOT start out with a rehab. Best of luck.

I use Zillow and Realtor but most of your best deals are going to be built off the relationships you’ve built in your market.  Determine your strategy - I mean distill what exactly it is that you want to accomplish.  Then research according to your values and resources.  Best wishes - Bryant

Do the OPPOSITE of what all the other people your age will do: Don't buy a new car - drive a POS Live within your means - make a budget and stick to it Don't rent an expensive place - rent a room on the cheap SAVE every penny Don't care what people think Put 10-15% back per month for retirement Invest in real estate Set realistic goals for yourself

I think the 50% rule is garbage - I would never buy a property that had those kinds of expenses. 1-2% CCR is one of the better metrics to shoot for, which can be found easily in the right market(s). Also, save yourself a headache and only buy properties that are individually metered and the tenant is responsible for all utilities to the property (at least on 4plex and smaller).

The dumb schmucks in ATL throwing as-is offers at $50k above list price are going to get killed. Use your head.