All Forum Posts by: Christopher Olsen

Like the post says whats everyones opinion on NNN Commercial properties vs Multi Family. Do a lot of you have a mix in your portfolio. I feel like the big pros to NNN is very limited landlord responsibilities compared to Multi Family. Im no expert by any means and would love to hear everyones opinion on these two.

Thank you everyone for the insight. I am currently in the process of refinancing my office building and going to be parking my cash in one of these markets 

I’ve been reading everything on BP. I have two properties in Utah one vacation and one commercial. I’m looking to get into multi family. Originally I was set on Texas as I’ve spent a lot of time there and after finding out about the taxes I second guessed it. I’m looking to build cash flow with some appreciation. Sounds like you can’t have Great appreciation and cash flow. I’ve been considering OKlahoma and everyone seems to be loving Midwest markets like Kansas City and Columbus. I live in California and have been considering doing a brrrr here if it makes sense just a higher entry level. I have made good connections in California as far as a team that could tackle a remodel.

Just looking for advice on where might be a good place to start. Do I focus on KC, Ohio or Oklahoma?

I feel like attempting a brrrr out of state sounds more complicated but is doable. Looking to build passive income as well as get some appreciation over the years.

@Alyssa Dyer you are correct. After looking more into it and putting all the numbers together taxes ate up a lot of the profits. 

Thanks for the replies. I’m looking to scale and build passive income for the future so long term. I’m located in California but, I’m looking at the Texas market. 

Perhaps for the first deal buying new and getting good connections the market for future brrrr would be the way to go? Just thinking out loud here. 

I’m looking at purchasing my first multi family property. I have no experience in multi family. I have a vacation rental that has done well and a commercial property. Both I am planning on selling to get into bigger multi family units but, I would like to try a small deal first to get my feet wet. Any help is appreciated!  I’ve found a few brand new duplexes that are $290k that according to realtor I could rent out for 1350 each side. Or there’s an older duplex for $200k that one side is paying $950 the other is $1050. What’s the pro to buying the new duplex or would it be better to buy the older one fix it and do a brrrr? I’m brand new and appreciate all of you thank you!