All Forum Posts by: James P Fridge

Im late but, Personal Touch Properties has Spanish speaking employees. They take care of my 4 plex in B.R. 

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.personaltouchpropertiesllc.com/&ved=0ahUKEwjDvdvvpbvMAhWruoMKHUjvC_AQFgjGATAS&usg=AFQjCNEX9VqFCsl_AJaOBlRBh78kh-zusg&sig2=lurb4B3RtP_4aZIpUB5Exw

My wife and I invested with Holdfolio. We have only been with them long enough to receive one quarterly payment. Based on that payment, the estimated yearly return would be almost 13%. Which is a return we like. We haven't made that with our mutual funds the last couple years. When the properties are sold after 3-5 years we will get our principal investment back. Plus our share of whatever profits there are from selling them. We also just purchased our first rental property and wanted something to invest our kids college funds in. We didn't want that money sitting in the bank doing nothing, nor did we want to use it for our personal rental property investment. We are so new at real estate investing, it seemed risky to put their school money in the same vehicle we have our other money tied up in. So, after some research, we decided to invest with Holdfolio. Like Randy said, they still have a monetary interest in the property once they sell the shares. So they take care of the properties. They manage the properties, take care of everything and send you a check. You could do better investing in your own personal property and handling everything yourself. But if you're looking for something more passive, Holdfolio is a good investment. LIke I said, we have only been with them less than 6 months, but they have handled everything right so far. And we don't have sleepless nights wondering what is happening with our money. 

GEAUX TIGERS!!!! Renting it out would be a good idea. What area are you in? What are the rental rates in your area? Take monthly rental rate and subtract your mortgage, property tax and insurance. Then subtract 35% more for vacancy, maintenance, Cap expenses and future property management. Whatever is left, is your monthly cash flow from that property. Some people want $100 a month. Some want $350-$500 a month.  Give it a shot if it's worth it. You will learn what it is to be a landlord if nothing else

Welcome! This place is a treasure rove of knowleadge. I second what Robert said. I went to my first meetup Wednesday, and it was a good learning experience.  There are quite a few like minded people, and some good opportunities there, also.  My wife is also a L&D nurse. She works at Ochsner Hospital. Make sure you check out the biggerpockets videos on YouTube. They're also very helpful

Let's say I purchase a 4 plex that rents for $2,400 a month. It has a new roof, 4 new a/c condensors, 2 new water heaters and tile throughout. My PITI totals $725/month. I take that $2,275 left and put it in the bank to build up reserves. I end up spending $2k on maintenance and a couple water heater that year. I had no vacancies. Which gives me $25,300 in the bank for my reserves. I'm guessing that should be plenty of reserves for that property, so I start taking $2,275/month I have left after PITI and put it in another bank account. When I get enough, ill put a down payment on another property.

My question is, does it matter all that much what my cash flow is per month? Especially with multifamily, where my expenses are higher, but that money is going to be saved for reserves anyway. If the property is sound, the main capex items are new and I manage it myself then the expenses will eventually turn into cash flow, once I have enough reserves. I know there will be surprise costs. But it seems, to me, that getting $100 or more per door isn't that important when im saving 4 times that through "expenses". And once I'm satisfied with my reserve amount, then everything not PITI becomes cash flow. I'm curious about this, and i havent really seen it addressed. Am I being way too optimistic about this? Am I leaving something out? Is super high cash flow really that important? I'm new to this, so don't beat me up too bad for it. Thanks!