All Forum Posts by: Daniel Toshner

@Jade S. Ya its just spending the time on education to know what to expect. There are a lot of things along the way that if you don't expect them can throw you off mentally.  Just need to look at the facts and never put emotion into it like any other investment. If numbers work and there is demand then shouldn't be an issue.

Also just follow the big boys.  If hedge funds are buying in same area, they have way more money and tools then I do so let them do the research.  On the individual house just listen to your gut and it seems to work for me.

@Eric P. That is capex included. That is what I'm taking to the bank.

@Eric P. Ya I am getting anywhere from $340-$550 a door.

@Yusuf Mathai PM me.

@Darren Jones Thank you. Only the beginning.  Going to make this real estate game work for me and my family for years to come.

@Greg Harriman For me it is worth 8% for my time.  It allows me to do other things like manage deals and closing.  My cash flow is high enough on each property that 8% is nothing in the scheme of things for me.  I spend less than 4 hours a month on 10 properties so seems ok to me considering.  PM me if you want more details on KC and numbers.

@Nathan Waters See above for management. The Turnkey I use has in house and he is a complete stud.  I have went out to visit once to see property grades and work done so I knew what to expect.  The inspection is the key for me to see the scope of work to be fixed and quality of rehab.  I have scaled so quick because I use tenanted home to help qualify for next one.  

@Andrew Orr PM if you want my lender I use.

BP,

I am stoked to say I have closed my 10th property in last 7 months.  I started looking on BP about a year ago.  I was on a business trip to SD and had a lot of drive time.  I must have listened to the podcast for 15 hours of the 17 hour drive back to Seattle! I was immediately addicted and realized how much time I had wasted in the stock market for the last 7 years (30 years old). 

Started doing research and realized the turn key process on buy and hold properties is what fit my lifestyle and goals.  Proud to say I just closed on my 10th home in the last 7 months while running my own business and couldn't be more excited.  I will have 25 properties by the end of 2017 based on my returns and projections.  

Amazing how much I have learned and it wouldn't be anything without BP! Thanks to everyone who has responded to my silly beginner questions and helped me along the way! Blessed!

@Greg Harriman Thank you! Could you PM the name you used when you get a chance?

Depends, What is your interest on your debts?  Way I always think of debt is that I would rather use someone else's money if I can make more than the interest I am paying them. Example I get loan at 4% but I can invest and get 15-20% on investment then I am netting 11-16% by the money I have to my name instead of paying someone else off.

As for house, depends on what your situation is.  You want to make money or live comfortable?  Sorry to be vague but few things to think about...