All Forum Posts by: Dan Wentworth

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Looking for to purchase my second investment property (I currently have a 4 plex).  Would appreciate any help with this analysis & whether you think it justifies that large of a down payment?

@Tyler Bodi

Hello Tyler,

I apologize for the lack of clarity with my profile as I'm still getting used to this site & trying to feel things out. Not even sure if I'm replying to your post correctly. I will try to update my profile ASAP. My current 4-plex is 2 miles from my house so managing that one is easy but I have not really put any limits on the location of the properties I would like to invest it but if distance is a factor I would need a PM. May be best to stay in Louisville & surrounding area to begin with..........Do you manage your own properties? Are they SFH or Multi? I have also been looking at the different membership levels on BP? Is it worth paying for a PRO/Premium membership in your opinion? Will definitely check out Events in my area to see what's happening.

Hello Tyler, 

I apologize for the lack of clarity with my profile as I'm still getting used to this site & trying to feel things out. Not even sure if I'm replying to your post correctly. I will try to update my profile ASAP. My current 4-plex is 2 miles from my house so managing that one is easy but I have not really put any limits on the location of the properties I would like to invest it but if distance is a factor I would need a PM. May be best to stay in Louisville & surrounding area to begin with..........Do you manage your own properties? Are they SFH or Multi? I have also been looking at the different membership levels on BP? Is it worth paying for a PRO/Premium membership in your opinion? Will definitely check out Events in my area to see what's happening.

I'm new to the BP community & investing somewhat. Real Estate investing has been on my mind for years as I'm an old timer, lol. Starting back in the late 90's with Carleton Sheets, buying some properties, taking the real estate exam classes but choosing not to get my RE license for fear disclosing I'm an agent would be detrimental to my deals.  Unfortunately, mistakes & family pressures led me into the rat race, quoting Mr. Kiyosaki, & forcing the sale of my properties.  

Currently I own a 4 plex but have a full time job consuming too much of my time.  My desire is to kick things into high gear, start buying & have my passive income replace my W2 earnings.  I like the advantages of multifamily but am always open to new investing strategies.   I'm trying to get active in this community to build my network needed locally & online to help me streamline any deals I may come across.  I love the possibility of using bonus depreciation to potentially offset my purchase prices so I want to maximize this before it's gone:)

Thank you for reading & appreciate any feedback, suggestions or criticism,

Dan Wentworth