All Forum Posts by: Jamison Haussman

Absolutely, thanks for the insight @JD Martin @Dave Foster @Dustin Beam! It's flowing, but just. 

There's room to grow that with new management (way too overpriced with current manager), but am still under contract with them. 

At at that point it would still be just a couple hundred dollars per month. 

If I can work out a 1031 and get more units that are more affordable to manage (out of state investor) then that would be ideal. 

@Alex Gerasimov Good point. My thinking is that I could pull the cash out of a property that isn't really cash flowing and put it to work where it will have a better chance. Will have to look around before doing so, haven't been out that way in awhile.

@Dennis M. @Dylan B. Lol you guys are great, also giving me a pause to look more into it. hmmm...

@Rhett Tullis sorry missed your question. It's in Choctaw, on main street. It's not right on the exit, but when I saw wal-mart make move in I figured they did the research so I'd move in as well. I think I'll move to sell, thanks for the advice! Can try and level up instead of sitting on something small

Hey @Rhett Tullis good to hear from you, and thanks for the advice. I was thinking the same thing, maybe it's inflated due to excitement and might drop after the novelty wears off. 

Sorry I should clarify, this property is in Oklahoma not Hawaii.

He planted the seed 2 years ago...

Hi everyone. 

So I picked up a 4-plex a couple of years ago, and thanks to a highway getting approved for development in that town the value has jumped roughly 50% in what was an otherwise stagnant market.

The property is cash flowing a bit, but nothing special considering some unexpected repairs last year.

So my question is: would you think about holding on to it and see where the market settles?

Can I refi and take some of the new equity out?

Sell and level up to something bigger?

Any guidance is greatly appreciated, thank you!

I realize this is late notice but I just came across this meetup in Honolulu tomorrow evening at 6:30

https://www.meetup.com/Hawaii-REI/events/240572494...

I'm not affiliated with them and this will be my first time attending. Just wanted to give others on island a heads up in case you wanted to come out as well. 

See you there!

Hey all, I just picked up a four plex in the mid-del area (just outside of OKC). I inherited a property management company but just wondering what others are paying for similar services. 

I was budgeting for 10% per unit (about $50) but unfortunately my current company has a minimum of $75 per unit, giving me a monthly of $300.

Just curious what others are paying and how their experiences have been with their current management, thank you!

Hey @Cody Cook yes I just closed on a 4-plex a bit outside of OKC (mid-del). 

I just found the deal oniline (either zillow or CL can't remember which at this point), ran the numbers and had an agent merely submit the offer.

As for management, I'm using RPM but am paying $100 more than I had anticipated. We had some issues early on but things are slowly getting more routine as we all settle into place.

Sorry I couldn't be more help than that, I purchased this place while living overseas so took a few more risks and peoples words than I wish I would have but that's how we learn =)

Good luck on your search and if you come across a good management company give me shout.