All Forum Posts by: Jonathan Ard

@William Coet

Can’t wait to see what you’ve put together.

Although I live in Las Vegas, my Properties are in Savannah Ga, and Shreveport Louisiana. I don't reinvest any of my cash back into anything at this time since I am recouping some refurbishment cost from last year. The Savannah house isn't going to appreciate more than 3-4% in the next year and the Shreveport House will also have a low appreciation %. I didn't have to have any money down to get into the houses so all the equity is just from other people paying the mortgage. setting all of the proceeds aside for another property, regardless of type is a very fair step. I have owned both houses since 2005. Thanks for the thoughts and opinions.

Currently I have two Single Family rentals, both were primary residences at one point. They cash flow $587/month together. There is probably about $30k each in equity. I am going to focus on 5+ unit multifamily next. I only have about $20k available for new investing. Should I refi and take some equity out to get my next bigger deal? Or sell? Or keep things like they are and just shoot for a deal where I don’t bring cash to the table but work with some investors who’ll provide all the capital I need. Thoughts? Houses are in La and Ga so neither are local to where I am currently.

-Jonathan.

@Antonio J. Mendoza. Same here. 75 days into a 365..... trying to be ready to execute when I get back home. How’s your trip?

@Frank Patalano

Biggest thing for me is getting things in order (building the game plan.... trying to avoid The analysis paralysis) so I can begin to analyze deals to learn and get my feet wet so I CAN recognize a good Muktifamily deal. I already have two SF rental with good cash flow but moving to a more deliberate “commercial” mindset seems to take more planning.

Summerlin West is NOT cheaper.... def Hot over there. I live in the North side of town and everything from the West, up to the North central is warm to hot.