All Forum Posts by: Darius Kellar

@Drew Sygit  I liked your breakdown and perspectives but me and my family have been making 6 figures in rental income alone from Pontiac. We have  served only 1 eviction within the last 7 years. I do see the statistics are not on our side though, like crime rate, poor education and more. 

@Sylvia Kuzminski 
Here is the link to my thread i made. it goes into detail exactly.

https://www.biggerpockets.com/forums/311/topics/709425-the-2-500-house-purchase

purchase for 2,500  

 rent 950 a month. 

@Sheila Campbell Depending on what your state rules are as far being a recourse or non-recourse state would have an impact on what I would recommend to do with the money.  

@Candice Jade Maristela After you divide all the yearly expenses into 12 months. You will typically pay about 200 to 220 a month, not including your own marketing expenses that you occur. Some companies are cheaper than that. But the company I went through was worth it because of all the training that was offered and the learning curve I needed to hurdle in the first year. Hopefully this helps.

@Robert Malan Sounds like an attractive deal.

@Robert MalanI ran into this scenario about 4 years ago. I like the idea of partnering and allowing people to buy in on deals. 4 years ago I had a similar opportunity to buy into a Real estate investing company as a equal partner at 1/4 ownership. The sales pitch I was given to join the company was that I can grow faster with a team than by myself. Thankfully I choose to fly solo because I am alot further than what I could have been. To answer your question, if it were me I would only bring in a partner as a financial stepping stone for me to get ahead OR as a safety net because I am seeing myself as not being able to manage the property.  

@Deonte Ademiluyi 1,000 is enough for you to become a Detroit Investor. It may even be possible to get started with no money. The conditions of the property that you get is a different conversation. but its a start. 

There are alot of questions in this post, I am going to answer the most important question here. 
I have a question. Is ARV always more important than the bottom line numbers??

Yes, ARV is the more important than the bottom line numbers and cash flow . Otherwise you would be playing a "slow mans game" if you only focused on cash flow. There are many investors who's goal is different which is to focus on cash flow but those investors are probably doing well financially. Imagining being a broke investor focusing on just a few hundred dollars a month is silly. Where as, if a broke investor started off with a 50K property and put only 5k worth of work into it and 60 days later its worth 125K. that is a excellent move. otherwise it will take a monthly cashflow focused investor forever to to stack up that amount of money vs my example 0f 60 days.

I'm sure theres many other investors on BP who would say I am wrong. But, Warren Buffets wealth was not built on monthly cash flow. It was built on Stock VALUE. 

@Doug Schorr

That seems about right.