All Forum Posts by: Ferry Vendy

@Ferry Vendy partner up with the right operator who has a strong background and track record and you could potentially bring in $500-700 / month in Net cash flow with no extra time commitment while greatly mitigating your downside risk.

Hi Andrew,

That option is definitely something I have thought of and I will definitely do In the future.

but at the moment I am going to try to get my feet wet and do it on my own.

we will be in touch.

Cheers

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Originally posted by @Jesse Daconta:

@Ferry Vendy

I agree with @Joseph Firmin.

$100k is a good chunk of change. Have you thought about investing as a limited partner in an apartment syndication? I don't have any connections with syndicators in Georgia but I'm sure they're around. You have the ability to receive cash flow, forced appreciation and a tax sheltering asset without having to deal with tenants/toilets/managing property managers. If you're interested in something like this, I recommend you read: The Best Ever Apartment Syndication Book by Joe Fairless or you can talk with Joseph or I. We love to educate!

Best,

Hi Jesse, I do have friends who are into apartment syndication and they're big players. it is my goal to do deals with them in the future. I'm just starting out and would like to be more active and try to get my feet wet by doing it on my own in SFM or multifamily deals through BRRRR strategy.

I would love to reach out to both you and Joseph sometime in the future when I'm ready to jump into apartment syndication.

Cheers

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Originally posted by @Joseph Firmin:

Hi @Ferry Vendy, the refinance will make you want to find something fast now that your mortgage payment will be more (most likely). Stay patient and make sure you have the goals you want in place. In the beginning it is about learning. Your first project will help you learn a lot, so don't get discouraged. Your question can be answered by your goals and lifestyle. If you want to be an active investor then any of those options work, but which one fits your goals - only you can answer that. I'm partial to multifamily, but someone else may be partial to flipping... Make sure your numbers work and stay conservative, don't get ansy.

Hi Joseph,Thank you for taking your time to reply. So I have decided to take advantage of lowering my monthly payment instead of taking any money out for my refinance since I can't reuse it towards anything fast at the moment. I have been using all of my free time to look for some great deals around metro Atlanta area, not sure if there's not much deals going on at the moment or there's something that I missed when analyzing the deals.

I do want to be an active investor and want to try to get my feet wet but also be conservative at the same time, I see you're partial to multi family, I can't seem to find any deals for plexes in the area. for my first rental Property I am leaning towards a SFH or multi family.

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Hi guys,

I live in a townhouse and currently in the middle of refinance just waiting to hear back from the underwriter, and everything should be good to go.

The outstanding balance of my mortgage is $150k and the value of the house is somewhere between $300k-$330k.

Reason I'm telling that is because even though it will be my first rental property, i don't need to do house hack and I'm in a pretty good shape financially.

So, I'm looking to buy my very first rental property and i have $100k i can use towards that.

I'm aware there's another BP member from Hongkong asking the same question not long ago about how he should invest his $100k and got answers for a property somewhere in LA.

I'm just looking to invest locally in the state where i live, GA.

My question is, with the current market, "sellers market" and "low interest" what would be the best options for me to do?

1. Put it towards 25% of DP in a probably A-/B class property and probably with very little to almost no Rehab cost or,

2. Start with 1 C/D class property somewhere in $150k value and do BRRR with some leftover cash

3. 25% towards a multi family if i can find one with a number that makes sense?

4. Wait a few more months because maybe it will turns out to be a buyers market?

Best regards,

Ferry

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All Forum Posts by: Ferry Vendy

Ferry Vendy has started 6 posts and replied 44 times.

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