All Forum Posts by: Damion Byros

I think areas of high development 

Jobs , increased transportation, school systems are a great place to start as there will be increased demand for those properties as far as the property appraising for double that in a yr or 2 I don't know but it's possible with some rehabbing in a great area  boost curb appeal update kitchen add value 

I think you should jump into the apartment as you can force value do rent raises and there are several other cons and a decent I think cash on cash return assuming your not using financing but with that much capital you could finance a pretty big deal if you used that as a down payment . There are great apartment deals out there you just need to make sure the numbers make sense and it is a profitable deal duplexes are great to but I personally feel like it's just more potential in apartments and your return would be greater everything would be situated in one location although if you used financing on your deals you could get a substantial amount of duplex deals going and you could own some out right you would just have to look at then numbers and cash flows for instance would you be hiring a property manger to manage all those duplexes were as they could mange that apartment building 

owner financing I think is great also lease option all of the stuff already mentioned furthermore networking and meeting people who just can't care for thier property anymore or just want out of being a land lord such as older couples 

I have been lead to believe that buying and holding real estate is a great idea. Do you think acquiring multifamily properties 1-4 units and renting them out collecting rent payments from the excess rent minus mortgage payment , insurance , taxes , property management if you have it and any problems that may arise is a good idea and then doing a 1031 exchange to use the value of these properties when you sell to then put as a down payment on a apartment building . Yes I know there are many consideration to take into account such as can you sale the multifamilys for a profit and have enough profits to exchange to even match a down payment for an apartment building and would the banks even work with you please help me out with any knowledge you may have on this idea thanks appreciate all 

I would say you can use the economy and the area of your property in order to be competition wise more competitive with lower rent based on supply and demand . For instance if you have not been able to rent your property for the last three months and you've really marketed it I think you should lower price to drive demand and get potential tenants because you've got to take into consideration those carrying cost that it's taking out of your pocket when your not have the unit rented out