All Forum Posts by: Daniel Hernandez

Originally posted by @Jay Helms: Ideally, I would like to purchase a small multi to a small apartment complex. My goal in 2017 was to save 100k for a down payment (I'm at 90k) to be able to place a down payment on a small apartment complex, but honestly, the purchase of an apartment complex is daunting to me compared to a small multi as my first deal.

@Daniel Hernandez what type of rental asset are you after? SFH, small multi , apartment complex, other?

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Originally posted by @Andrew Herrig:@andrewherrig My goal is to hold the property for an indefinite time(buy and hold). My ideal cash flow per rental property would be around $200 give or take depending on the property. That's precisely what I would like, for the tenants pay the mortgage and create a stream of income for retirement. Yes, I would prefer it would be close to home (Dallas) or about 25 miles from downtown at the most. I have about 90k in cash to use for a down payment. Yes, I'm willing to put sweat equity. I want to get a good deal.

@Daniel Hernandez What is your goal with the rental property? Cash flow? Appreciation? Have the tenants pay the mortgage and create a stream of income for retirement? Do you want it to be near your house? How much money do you have saved for a down payment? Are you willing to put in sweat equity if you find a house that needs work? Do you want to pay market price or get a good deal?

It's a little bit like if I asked you to help me find the best job. That's an extremely subjective question that depends on my skillset and values. Without knowing that it's hard to know where to start.

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Originally posted by @Andrew Herrig:

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@andrewherrig My goal is to hold the property for an indefinite time(buy and hold). My ideal cash flow per rental property would be around $200 give or take depending on the property. That's precisely what I would like, for the tenants pay the mortgage and create a stream of income for retirement. Yes, I would prefer it would be close to home (Dallas) or about 25 miles from downtown at the most. I have about 90k in cash to use for a down payment. Yes, I'm willing to put sweat equity. I want to get a good deal.

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I'm a bit lost, where do you start when looking to buy your first rental property.

Do you hire a realtor/agent to help pick from a portfolio of investment properties that they determined alongside with their broker a brokers price opinion and appraised income approach? If so do you guys have any suggestions/referral for someone in the Dallas area?

How do you start in today's market to look for a rental property?

I want to find a realtor that has the mindset of an investor, not the mentality of the first-time homebuyer. Not all realtors are made equally or share an equal experience.

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All Forum Posts by: Daniel Hernandez

Daniel Hernandez has started 1 posts and replied 6 times.

Post: How did you start? Where do you suggest I start?

Post: How did you start? Where do you suggest I start?

Post: How did you start? Where do you suggest I start?

Post: How did you start? Where do you suggest I start?

Post: How did you start? Where do you suggest I start?

Post: How did you start? Where do you suggest I start?