All Forum Posts by: Israel R.

Hi @Leslie Pappas, I agree looking elsewhere to diversify my portfolio is a good idea. It is also challenging entering a new market since you want to be comfortable with your purchase. 

@Andrew Johnson there are two strategies that I can try to pursue. One is to continue in purchasing SFR since they seem to be more attainable and look about cash flowing $200/moth roughly every month to get about 10-20 properties. Or I can pursue a MFR and increase the amount of cash flow per door to get me to the monthly cash flow quicker.

What are your thoughts on the market right now and I see that you have a more favorable to increasing SFR rather than include a MFR in my portfolio.

Thanks @Scott Krone, I will reach out to them.

Hi @Peter MacKercher I am hearing that MFR are the way to go if you want to pursue real estate investing full time. Because of the reasons you mentioned. I also thing the MFR are attractive. My plan is to pursue REI full time. I just know that it will take me time to learn, get the capital and look for good deals. I currently have a money in my 401k that I can use if I decide to get out of the stock market and pursue REI 100%. It is just a huge leap in doing so.

Hi @Lane Kawaoka Lets connect.I would love to hear any advice you have.

Israel

Hi there,

I have just purchased my second SFR in Indy and now looking to add a MFR to my portfolio. I am in the process of learning as much as I can on MFR since it is different than purchasing a SFR. The markets I am looking at are Kansas City, MO and St. Louis, MO. I am thinking of selling one my properties in California that has 200k in equity in order to to a 1031 exchange and purchase a MFR. Preferable a 12+ unit Multi-Family Residence.

Does anyone have experience doing this? Also, does this strategy sounds reasonable in today's market?

I am hesitant to pull the trigger since this takes a good deal in today's competitive marker and the time process that needs to take place using a 1031 exchange.

I open to other markets if the numbers look good.

Thanks in advance!

When trying to purchase a 5-20 unit MFH, how do you find investors so I can syndicate and properly have an agreement that is fair to everyone?

Hi @Karthick Bhaskaran. The rent vs cost is not as good as other areas in Indy, but because the school were better and we liked the area we decided that would be a safe place to invest. I would like to invest in Indy in order to get better numbers especially more cash flow.

@Karthick Bhaskaran I invested in a SFR in Fishers, IN. I plan on purchasing one more maybe by the end of this year. I really like Indy. It has great opportunity.

@Mihir Bhimaraju I would like to connect to find out your opinion about the area. It is a large area that has it good and bad neighborhoods.

Hi All,

Is there a REI investor that is near the East Bay that has experience investing in local and out of state? I would love to get to know someone locally that I can learn from. I have purchased my first out of state investment last year and looking to purchase another home this year. I would like to trade stories as well as be mentored by someone that is more experienced.

Israel

@Natalia S. and @Dan Taifer I will look into both and see who I like.

Thanks!

@James You I have vetted a couple of PM's and so far my top two are IPM property management and T&H realty services. I would check them out.  I purchased my first property last year in Indy and planning on purchasing more this year.

Hi All,

I would like to get some contacts for buying a investment home in the Los Angeles Area ( around San Gabriel Valley) and/or San Bernardino County. I am looking for a small home specifically for my elderly mom who needs a place of her own. If they are any wholesalers/Realtor/Brokers that work with investors, I would like to get your contact information.

Any information would help.

Israel

Hi @Paul Miranda, I see that you are investing in Indy. I sent you a email regarding your property management company IPM. I purchased my first property in Fishers and was wondering what was your thoughts of property investment in that area.

Israel