All Forum Posts by: Jonathan Pacilio

@Saami Siddiqui - I agree completely with the being antsy part - however I do like that we are building our capital while smashing our current good debt for our long terms goals so to your point that is a good strategy while we wait.  I think it's cool you have gotten to the point of investing out of your backyard - not quite there myself but I am coming around.

@Jay Helms - Yes makes complete sense - I need to do a better job of finding a like minded group - I have had lukewarm results with partners i have chosen to date and my independent nature makes me scale back that effort.  I will put more focus into this thank you.  If I cant get a good group I will reach out for the virtual offer.

@Ryan Whitcher - I will PM you and maybe we can connect briefly if you have time and you can share insights on your agent partners.

Thank you!

Jonathan

Thanks for the response Jay - I have had a feeling that now we are ramped up to make moves again after a hiatus - this is just the case in the market currently.  In regards to the mastermind question - Not sure what you are referring to so I am going to answer no.  Can you elaborate?

Hello Everyone - 

My wife and I are sitting on about 75k cash that we would like to invest in the Charlotte Area.  I would not call us brand new to this (I have a couple of rentals - buy and holds) and I own a small property management company that handles mine and several others units.  However, what I am realizing is as much as I get the numbers - I am not good at picking a strategy to focus on and where to continue to get better at maximizing return and generate cash flow.  The few rentals we have generate small amounts of cash flow and were bought at retail prices.  The latest agent I am working with is showing us properties that are in up and coming areas and have already been rehabbed but essentially break even or net $100 a month (265k price points and appreciation would be expected.)

We are struggling with continuing to buy retail properties for how much it eats your capital for small amounts of cash flow.  By no means am I trying to be naive in this market and am asking where can I gobble up $500+ cash flowing properties, and I have read tons about other avenues like partnering with a wholesaler or trying a rehab but I guess I am just looking for ideas on where to dip our feet into to take a bit more risk that will lead to more work but better return at then end (the goal at the moment is to increase our residual cash flow as much as possible with each transaction not flip for cash profit)

As I read this, sometimes I even struggle with completely understanding what I am asking or supposed to ask.  I am a self admitted analysis paralysis addict so just looking for help pushing past that on some strategies that we can attempt and the avenue to self learn and get started.  I am also wired to want to figure everything out on my own and not ask for help...... Any help/suggestions, no matter how unique, are welcome to challenge us.

Thank you very much