All Forum Posts by: Jeremy Clarke

Hey @Holly Baum, i'm still working on PM actually. I do have a Realtor there that i trust, my plan is to "interview" people he recommends. Colorado is close to KC (which is part of my strategy) I can fly in and out same day for inspections, interviews, issues, etc. While it may not be cheap, it's feasible and will end up helping me sleep better at night.

You know it @Daniel Walker! I'm just down the road.

Attempting to repost these two responses as for some reason it looks like they did not go through...

Thanks @Jonathan Jewell, you brought up a good point about making a plan and acting on it. You can talk yourself in or out of just about any deal, but part of being a disciplined investor if finding a plan that works, executing to it and sticking to that plan.

Getting burned sucks, i'm sorry that happened to you. Best of luck to your current / future deals and let me know if you ever need an ear.

@Susan V., to clarify...monthly gross that i'm aiming for is $1,600 for rents and now that my lender got me hard numbers for PITI i'm estimating my net income after expenses to be $857 per month which is higher than i originally stated and brings cap rate closer to 10%.

@Jonathan Jewell, thanks again! I'm glad i could help a bit. You brought up a good point though. I think as an investor you have to make a plan and execute it. There's a million ways you can talk yourself in and out of every deal, but at the end of the day, it will always be calculated risk. You just have to do as much as you can to mitigate that. Best of luck to you and I'm always an open ear if you need it.

Hey @Jonathan Jewell, I appreciate it! Through a lot of research and being passed around I found a RE agent in KC that i feel like i can trust. He has a search set up for me to receive notifications as soon as new listings pop up so i can move quickly on deals.

In regards to going out of state...buy-hold is basically a thing of the past where i live. I live in Fort Collins, CO where the median SFH right now is $390k and MFH are nearly impossible to find. Without putting up very steep down payments, my returns would be net-negative and i'd only afford to have the money for a down payment maybe every few years.

With this approach, it allows me to get a great monthly dividend with less money that i would have otherwise spent. I am not counting on appreciation, the properties i own here are SFM and have appreciated well. This helps diversity for RE portfolio, which i feel is important.

Thank you @Brad Turley!