All Forum Posts by: Jason Pabon

Initial Investment: $32,175

Market Rent: $1,275

Cap Rate: 8.1%

Cash Flow (annually): $3,283

Feel free to call/email me with any additional questions!

Initial Investment: $22,000

Cap Rate: 6.9%

Cash Flow (annually): $1,335

Estimated total return (5 yr projection): $22450

Here is the link for more information:

https://www.roofstock.com/investment-property-details/pittsburgh-pennsylvania/8065-aber-rd-verona-15147/1643931

Great opportunity to own a cash flow SFR portfolio in Cleveland, OH!

Investment Price: $1,547,923

13% Gross Yield

Cap Rate: 6.1%

Occupancy rate: 81.3%

Here is the link for more information:

https://www.roofstock.com/portfolios/d%7C12339

@Nikky Ly thanks for sharing. Since the Bay Area was so expensive for me, I recently bought a turnkey rental in Ohio and so far so good. The key to this is working with a trusted turnkey provider that have the existing relationships, especially when it comes to property management. You will learn the basics about the business and start building relationships. Cashflow for me was key which is why I went this route. Good luck to you and let me know if I can be a resource. 

@Account Closed Not making excuses. Just sharing my experience. You obviously have a lot more experience than others out there so just sharing my comments with the group. And yes, you do need a certain W2 income to qualify which has been half the battle I bet for most people. I recently lost a deal on a triplex in Oakland because there was one unit that was paying WAY below market value and therefore, could not justify the rents for the bank to underwrite the loan.

@Account Closed - I've been looking in the Bay Area for quite some time and it's very difficult. Not only are the MFH homes today tenant-occupied, but tenants are paying way below market rent which makes it hard for a buyer who is using an FHA loan. Banks will never approve this. Unless you find a MFH that's COMPLETELY vacant (which is hard to find), it seems like you're out of luck. Please tell me if i'm wrong here...

Here is the link to the original listing:

https://www.roofstock.com/investment-property-details/kansascity-missouri/3219-lockridge-ave-kansas-city-64128/1652770

Invest now: $93,349

Cap Rate: 8.8%

Cash Flow (annually): $7,483

Great opportunity to own a cash flowing SFR! Leased until September 2018

Hi @Nicole S. I am also purchasing a rental home in Euclid, OH (near the Euclid Hospital) and currently in contract. I recently received a POS inspection with a list of items that needs to be fixed by the seller and seller is giving me the option to fix these items myself with a concession. Any idea what I should do here? Any insight would help!

Initial Investment: $55,000

Cap Rate: 4.8%

5 star neighborhood!

Here is the original link: https://www.roofstock.com/investment-property-deta...

Feel free to give me a call/email for any additional info.!