All Forum Posts by: Jonathan Cooper

you have enough money to hire a mentor and guide you through investing your money properly, without making costly mistakes. Just find someone who you share similar goals and you trust. Also, Orlando and FL in generally is not a bad market to invest, there should be great opportunities over there.

That sounds about right, run an appraisal so you can see the full new property value!

At this point I would sell, but when you purchased them, did you inspect the property? Did you have a history of previous issues on the property? If not then it's mostly your mistake, you can learn and bounce back from it

With this budget, I would look into tax deeds, liens and auctions, or wholesale some properties to increase your budget.

I agree with Mario here, as well as Benjamin gave you a great tip here you can explore!

that's crazy man! That's one of the reasons I do not invest in condos...

hey man, congrats on building this portfolio, 3M is a good milestone. What I would suggest is not to roll your properties into LLCs (if they are residentials) until you have done a cash-out refinance on them. You cannot do that under an LLC and it is a great tool of leverage to scale your portfolio faster.

After you do that, then it is the right time to move them under an LLC each and roll that LLC into your Trust.

Did you analyze the area around the property before investing in it? What are the average rents? Tenant quality around it? Demand?

 I am new to this app here, so not sure how this works with posting and replies, make sure when you do out-of-state investing you have the right systems in place and at least 1-2 people you can trust in that area.

red states in general, FL, TX still have great deals and offer good benefits for landlords. Ohio, and Oklahoma are also excellent options for long term growth