All Forum Posts by: Peter Schuyler

 I have started taking my maintenance reserve say $4000 every year and at the beginning of the lease put in Crowdfunding for 12 months @7-8% earnings.  If I get into a pinch, I can use a credit card to pay for a temporary repair and use cash flow to pay of the min balance until the funds free up at the 12 month mark.  

It may sound risky put it has never happened to me yet where I lose money.  The gains can then be rolled over next year into a cash reserve, you do this a few times and you can have a true cash reserve for your properties just sitting in a money market account, and top it off each year to account for inflation 3-4%.

This might help ease your cash flow when taxes go up which you can not control, you can forward save the cash reserve for Cap Ex, Repairs.

Just an idea I'm not saying its for every one.  

Some investors I know do not plan for cash reserves and treat capex like rehab and take out hard money when a water heater breaks, roof, etc.  They pile the cash flow into reserves and re-invest with the hopes of having a large maintenance reserve along the way, still a bit risky, a bit of speculation, but creative.

 I sent you another post about some possibilities in Sanger in your neck of the woods if your interested, I have no tie to any of those, but I know your trying to stay more local.  Good luck.

Im using Daniel Hyman's service this year, MyOnlineAccount, its nice being able to just upload all my docs in the cloud to get this started.

That is a great question, Brandon Turner's excel spreadsheet calculates CoC return as true cash flow, then he has a total return calculation that factors in pay down. I have always said $ per door to mean true cash flow in wallet and not the mortgage principal pay down..

 I went to the first interview, and decided its was not for me, felt like a car sales pitch.  I asked if I could talk to an Entprentice inside the program which they said No, that was a deal killer for me.

I agree, I bought a Duplex in Gunter below market value, it cash flows and I put about 20K of forced equity in by getting much below market, but your right its so hard to find deals like that through conventional means, MLS, Realtor, Zillow and expect it to appreciate 8% a year.

I'm not a big direct marketing guy yet, as thousands are doing that in North Texas, even radio ads are popping up on all channels now, billboards, bandit signs, there is so much blood in the water, makes me want to do turn keys in Kansas or Memphis, etc.

Hello fellow BPers

Is anyone looking to farm out their Property Management say north of Plano. I live around 380 and the tollway and looking to pick up one or two Property Management gigs. I currently manage a single Duplex and about to take on a second SFH in the area.

Send me a private message if your interested.

Have you considered looking at the 380 corridor between Denton and McKinney, a ton of construction but some deals to be found out here.

 Hey are still looking for a investor friendly real estate agent?  I have a contact here in Dallas, she helped me with my duplex if your interested