All Forum Posts by: Johnson H.

As someone who dabbles in day trading once in awhile, I always set my exit strategy before going into a position, taking gains or losses at predetermined prices without (much) emotion in order to profit or cut my losses early.

As a young real estate investor with a full time job, I have been acquiring SFH rentals at 60% to 70% discounts from 2006 highs in the Phoenix market. I continue to save, look for further deals and even jumped into having private lenders to fund future deals.

However, I am having trouble determining my exit strategy and a situation popped up into my head. Let's say its now 20 years into the future. Each home worth $300k in 2006, I purchased for $100k in 2011. Now the price of each home is worth $200k. So the homes have appreciated for double but still 33% off it's highs so I don't think its unrealistic for this to happen. After all costs, let's also say I can profit $80k for each home if I sell or I can continue to to reap $300 to $400 a month in cash flow. Taking the high end number, that is $4,800 a year.

After some thought, I would sell them all, try to get into a 1031 exchange for a large distressed apartment building. If I can't find one, I'll just eat the taxes and save my money for another downturn and buy up real estate again during that time.

What would you do? Would you just keep all of the rentals? Or sell it all? Or do something different?

In Phoenix where I invest, properties $150k and less are selling like hot cakes due to the lack of inventory and the swarm of new investors buying everything up. I have been in a multiple offer situation the last few months on every property I put an offer on and I have been losing out on everything. I have to realize that these higher prices are still a bargain, but that has been difficult and I hope more inventory comes out soon.

I had the same thoughts and did this 10 minutes before you posted. Great minds think a like! haha

I just registered for both. I hope they aren't at the same time!

It's up now. I think Josh just put in the wrong time zone.

Same here! I don't see how to register!

Albert Hasson - Albert, I have been investing in the Phoenix area as well but have been staying away from pools. Although you receive a pool premium of $150-200 a month, how much does it cost you to maintain the pool every month? I feel that the upside in rent is mitigated by the costs to service the pool as well as the increase in insurance and the over looming potential liability of the pool. Your thoughts?

Demond, I apologize for my previous post as I was replying with phone and I thought I had written more. Anyways, I have replied back

Hi Demond,

I am Phoenix investor located out of state.

Rich, I hope to meet you during the conference! You are so nice to everyone in this forum!

Just FYI, it took almost two hours from when I completed payment to getting the email confirmation. So don't fret if you don't get the confirmation instantly.