All Forum Posts by: Jonathan Oh

@Bryan Malone 50k is enough to get you 1 maybe 2 rentals. But if you decide to invest out of state, plan to buy multiple. If you're just going to buy one and be done with it, one turnover is going to wipe out most of your cashflow. This is why people like multifamily. Also, beware of sellers trying to sell you properties in low C/D class areas and marketing them as B class. Many of these deals looking amazing on paper, but rarely pan out in reality due to a poor quality area.

@Javier Kaufmann I got my start in investing through turnkeys. I did so because #1 I had no idea what I was doing and #2 I was still getting 10%+ coc returns (using very conservative numbers) at the time I was buying them. It's a little different now since prices have gone up so much. For the most part, turnkeys are best served for busy people with little or no time. If you're willing to put in the time, then I don't see anything wrong with trying to build your own team and sourcing your own deals. That should be your long term goal anyway. But I don't see anything wrong with starting with turnkeys. Feel free to DM me if you'd like to get in contact with some turnkey companies I worked with. Good luck!

@Michael Delgado It all depends on the location. Even during the housing crash some markets didn't really feel much and actually bounced back quick. But right now, I think it's just so different that no one can really predict. On one hand you have businesses shuttering left and right. On the other we have a wall of over 6 trillion dollars that will eventually trickle down the economy. And thats just 2 factors. As for me, I stick to buy and hold investments so I am always looking for deals. Just do your full research. Good luck!

@Evian Jackson The first will always be scary. If you're shooting for single family, make sure you know the neighborhood. Don't make the mistake of buying dirt cheap prices thinking you're going to rake in huge cashflow. If you're looking for some data sources that can help you assess neighborhoods, feel free to dm me. Good luck!

@Gil Keren
I think this is a solid deal. I think you can get lower insurance rates so you may want to shop around. Just make sure your investing in a good area. If you're a analytics type of guy and like using data, feel free to dm me for some insights on the neighborhood. Good luck!

@Alex Ray Best place to start is to connect with other local investors and get their thoughts on what and where they're investing in. You already have a few good ones above so thats a good start. You can also reach out to local agents and property managers for their opinions. If you're a analytics type of guy, dm for some good data sources you can use. Good luck!

I think you have a great idea on house hacking a 3/4plex. As long as you invest in areas you know well, you should be good. If you're looking to tap into some neighborhood specific data to help your research, feel free to dm me. Good luck!

@Jay Durant
Detroit and Cleveland are both great markets for cash flow. In fact, rents in Detroit has been a little wacky (in a good way) with single family rental demand soaring in the suburbs. But if you're specifically targeting sub 50k, my only thought would be to carefully research the neighborhoods you decide to invest in. Cheap homes are cheap for a reason. High cash flow properties can can be wiped out with a few turnovers. I have a software that will specifically gather neighborhood-level data for research like this. Free free to dm for info. Good luck!

@Eldridge Stroman I agree as well. Even if the location was solid, this is a lot for a 1st deal. Plus, it's gonna be difficult to get funding without any track record. Try finding something that's closer and doesn't require a major rehab project. Hope this helps!

@Jayson Greenblatt I think @David Krebsbach comment is spot on. It's not merely about cashflow. It's also about appreciation. And you need to invest in the right areas to get what you're looking for. Some of my properties with the least cash on cash return have sky rocketed in value. The properties with the highest CoC have been a bit mixed. Some experienced solid appreciation, some were just average. In hindsight, if I had stuck to the lower cash-flowing deals located in better areas, I would have nearly tripled the value of my portfolio and 1031 into even more doors. But of course, this is all hindsight. Point is, don't make the mistake of just looking at cash flow. Look at the property as a whole. The condition, the financials, and the location it's in. The latter has a huge impact on the long-term performance and many beginners don't put enough emphasis on this. Hope this helps!