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All Forum Posts by: John B.

John B. has started 12 posts and replied 54 times.

Post: Aspiring investors with 200k+ income looking for guidance

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

Savannah, I invested in Ohio. I found a little team there I was comfortable with. 

Post: Is 1031 Exchange a cheat code or just a better way to sell bad properties?

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

Watch Any youtube video from Ben Mallah. Hes the king of using 1031 to scale from nothing

Post: $400-$500k Small Multi-Family Property Locations?

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

I would say try Cincinnati, contact Joe Cornwell from Ownerland realty. 

Post: Heloc for 2023 investments, what would you recommend?

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43
Quote from @Joe Funari:

@John B. If your exit strategy is long term rental consider the BRRRR strategy and get a hard money loan and use the HELOC for repairs and or conventional closing costs once your rehab is complete.

Im even thinking of doing that in the DFW area at some point. The syndication im involved in is there as well. 

Post: Heloc for 2023 investments, what would you recommend?

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

I have access to a HELOC for 50k tied to the prime rate which looks to be 8.25%. Im researching and looking up recommendations to make a return higher than the debt rate if possible. May be best off JV with a home flipper? What would you do?

Post: Seveney Mortgage Note investments review

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

Chris, ive seen a lot of your posts. How does your company compare to a syndication? I am involved in a syndication and may look for more passive ways to invest in the future. Thanks.

Post: If you COULD start over again... What would you do?

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43
Quote from @Bob Stevens:
Quote from @Brandon Elliott:
Quote from @Bob Stevens:
Quote from @Brandon Elliott:

If you could start all over and do it again... What would you DO

Would you have done Differently?
Would you have invested in a different RE class, to go slower or faster? 

What have you built so far and knowing what you know now how would you have done things differently? 


 KEEP about 50 of the 500 I flipped in my market, HUGE mistake, 


 Why would you keep 50? For cash flow purposes?

Yes it would have been about 35k a month NET income and the properties tripled in pricing to about 5.4 MILL, did I mention it was a HUGE mistake, 

 Bob, Ive seen many of your posts. I need to learn from someone like you. 500 flips! Thats crazy

Post: 15% Down in this market and cash flowing?

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

Is it possible anywhere right now with 2-4 units to cash flow with under 25% down? With 7% rates, vacancy, capex, taxes and insurance Im seeing almost negative cash flow for every property even in the midwest. That may be normal with that low of a percentage down. 

Post: Looking for a property manager in Cincinatti

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

Im interested in learning about this too

Post: Property Management in Cincinnati

John B.Posted
  • Investor
  • Keller, TX
  • Posts 55
  • Votes 43

Who do you use personally or recommend in the Cinci area for property management for under 15 units?