All Forum Posts by: Jeff Crowson

Hi Michael,

All good points! heading to Nashville this Thursday for 5 days to check out the area, have a list of places to look at which include Antioch, Lavergne, Clarksville and a little higher end stuff in Mt. Juliet for a possible hold and flip.  How do you feel about town homes and condo's? So far the 1% rule has been very hard to find maybe because I am looking for new or almost new thinking little or no repairs or under warranty so pay a little more up front and not incur repair costs or headaches. 

I was thinking because of my age that I wanted to pay these off at some point, 15 years or so to get more income when I retire however the flip side and feeling I'm getting from investors is more properties less down more cash flow now and not worry about paying things off.  I have always believed in paying everything off but in investment real estate I might not need to. 

Thank you.

All good advise and much appreciated, one of my main questions is I am 58 and will work 8 to 10 more years, so do I put less money down and acquire more properties and take less profit or basically no profit after cost? or more money down fewer properties and start income flow? I don't need the income now but certainly will in 10 years.

I should have mentioned the 1031 has 730k in it and I have considered 300k down on the 4 plex leaving at this point 430k to work with. I also have 40k in the investment "kitty" to add to the property needs.  Trying to stay with new properties but not a must just seems to make sense having a warranty and starting with nice stuff.

Cheers! 

Hi everyone, I am purchasing some properties and am trying to decide if I should leverage several 3 to 6 properties or what?  Just had an offer accepted on a 4 plex in San Antonio area, new construction for 570K as of now putting down 300K and financing the rest probably going with a 15 yr. fixed but considering other options.  Each unit will rent for 1350 each then I have the usual cost PM etc. Don't need the cash flow now because I am still running my construction business for another 8 to 10 years God willing!  I am also looking in the middle Tennessee greater Nashville area.  I have 430k cash to work with excellent credit, what would you do in my position?  I will be needing the income from these properties once I retire, I also own a home in N. Scottsdale area that is leased out and paid for that property is worth about 500k and rents for 2,250 per month.

I reside in northern CA. Napa area but with the taxes and high property cost I have decided to look out of state for investment purposes and better ROI long term. I am also considering another SFR in Texas as well, even though I have had a rental/investment property since 2004 I consider myself a rookie when it comes to investment properties. Any input would be greatly appreciated and criticism is welcome , just trying to navigate through this 1031 situation and come out ok in the end. I can also adjust the down payment on the 4 plex it is early in the process. Thank you all very much!

Jeff C.