All Forum Posts by: Carlos Ptriawan

That company is a nasty one, they operate from the Phillipines. I lost a month of vacancy in very hot market. When I took over, it took 1 day to get a tenant.

@Jay Hinrichs Doorvest is a VC startup company so they have the money from VC to spend. Got one mil pre-seed funding, maybe they use the funding for property acquisition and rehab.  It turns out Doorvest is actually just a regular Turnkey(well, a flipper) that's currently focused in TX market, their transparency is great and I may invest with them. So far so good.

@Terri Haley is all your 2007 property located in TX ? the rental income can't pay for debt service?

Use NREIG for rental property...

Looking at #2 and #3, they're not on the same business model as Roofstock. Roofstock is like just an MLS for rental where inspection report is mostly available so decision making can be done quickly. Roofstock is more market disruptor for Turnkey. Doorvest if I understand correctly is in the flipping business.

@Joel Owens for regular investor, do you think it's much easier to buy NNN DST instead ? what's the actual NNN cash flow if I mortgage personally ?

I've checked their property, the assets are basically 1% cash-flowing property in various midwest/southern states. The average rent to cost is around 1.3 or 14%. Their rental lease has an automatic increase every two months. Downside protection maybe 5%. This is actually very good business for them. I think the split is 67% for investors and 33% for the firm/capex. They're basically the owners of hundreds of rental properties.

You could invest in low dividend short-maturity bond ETF like MINT. They're yield 2ish % and pretty safe. Or you could buy short term 4-6% notes from Groundfloors.

These questions are a classic questions. California Investor can't invest locally and would like to invest out of state. The answers are the same as well :
mostly polarized between "Put 100% Investment Out Out State" Or "Are you crazy to invest outside California ?" and "1 million is heaven outside California".

I was in the same position a few months ago and I found my answer:  "If you can escape from California HCOL, and move to South, that would be the best IMO". Of course, everybody is different, but in terms of investing outside CA is the one that makes sense. Historically it's almost impossible for CA properties to get more appreciation compared to today's market, and the house price in CA is becoming more expensive because of too many foreign investments in this area and also Tech's job market.

The best market for your Airbnb is single 20-30 techies from out of state/country that usually work for tech companies in the area. They usually rent a room. I normally don't rent for the whole house because the drama doesn't worth it and their expectation is sometimes too high. This way you don't even need an ADU, as long as you've free room you're set to go. The only issue with Airbnb is managing the cleaning,etc.