All Forum Posts by: Jennifer Slaughter

@Isiah Ferguson, out of curiosity, if you buy a multi family property any reason you would want to buy cash as opposed to leveraging debt?

@Isiah Ferguson, good question. What are your goals? Why are you investing? What is your timeline like to meet your goals? Which choice helps you meet your goals/gives you the greatest ROI?

It sounds like you have weighed a few options and your capital will create more opportunities for you.  Curious to hear what you decide.

@Nick Van Sandt, been there.

What is total cash flow like for 1 here/2 there?

What are local and TK economies like? Population growth? Diverse job economy? Fortune 500 companies?

What is crime and historical appreciation like? 

Let the numbers guide your decision, in my experience I really don't see a difference in buying locally or remotely.

@Rousner E., not too long ago an investor was on BP talking about doing something along the lines of buying the land and leasing it to growers, something along the lines of what McDonald's does with it's franchisees. Anyways, it might be in your interest to do a search in the forums to see if you can find him or other investors.  I'm pretty sure there is a conference for cannabis investors as well.

@Matt M., my inlaws just did a stick built in Breck.  We are talking to Champion and from what I can tell there are a lot of upgrades/options for finishes. The investor here in FC has customized his a bit to meet the local demand.  We have been talking to the Chaffee County economic development director about rolling out a mod development there and then maybe doing more projects in Summit and other counties.  The mod development could be a solution to the critically low affordable housing options.

@Matt M. where are you at with this project? I know an investor that is doing a 4plex and 3plex in Fort Collins, modular built to 2012 IRC standards. Another investor in central CO is doing a 210 unit project with the same builder and they have broken ground/have had the first unit delivered. We are looking at doing a similar project with the same mod builder and building in central CO.

@Micki M., I would like to get the info for your friend who does smart units, would you mind sending that over?

@joshua Johnson, have you heard of "stinking thinking"? No matter what you end up doing, if you want to be successful you are going to need to change your mindset.  If you have a basic understanding of investing, change your focus to learning how to change and improve your mindset.  It's normal to feel discouraged but success without difficulty is unrealistic and any successful person has had to overcome obstacles.

@Cody Evans, I think it would be helpful for you to identify the specific risks you are concerned about and consider if there are solutions or if they are deal breakers for you.

I started by investing out of state in different markets.  Initially, I wanted to invest locally but after getting frustrated and finding that the numbers didn't make sense for my goals, I considered it.  I built a team and did more research and more due diligence than I probably would have if I had had an investment close by.  I'm glad we went out of state because I think it really encouraged us to set up systems and only consider numbers and research instead of making a more emotional decision about my local area.  

Now I live closer to one of my investments but since I had bought it when I was out of state, I have a team taking care of it and we have systems in place.  The only time I think about it is when I get the email for my direct deposit from my property manager.

@David K., where are you purchasing? When we were first getting started we were purchasing out of state in two different markets.  Market #1 we got under contract right away, closed and started cash flowing.  Market #2 took us 6 months after analyzing over 100 properties, making 10 offers and being under contract 3 times.  That property cash flows now but it was 3x as much as our property in Market #1 and barely cash flows more than the first one.

All that to say, you can have a totally difference experience depending on the market.  Is your goal to be debt free or to build a bigger portfolio with more income producing properties? There are a lot of strong markets, if you build a team you can lock down more units that cash flow.

Hey @Luke Russell, I don't know anything about rules and regulations but I have stayed in an Airbnb in KC.  I remember when I was booking there weren't many options, most the places were booked over a month out and all the available units were really small.  It didn't seem like a time that would be in demand (mid-week, not a holiday, etc.) and I was surprised there weren't more options, seems like there is a demand for more VR there.