All Forum Posts by: Jon Q.

Mike is right.  But it depends particularly on what Puneet's specific investment goals are.

Everyone's investment goals may differ. Therefore, the efficient strategy they pursue in order to achieve them may differ.  

There are infinite ways to make millions of dollars in real estate.  Don't copy someone else's.  Develop your own specific investment goals and ensure ALL of your activities contribute to achieving that as efficiently as possible.

Population and jobs are leaving Toledo (see U.S. Census + Bureau of Labor Stats), so don't plan on obtaining equity growth in this market.

Is it experiencing growing population growth? no

Is it experiencing growing job growth? no

Does it have a diverse job base, primarily composed of services, particularly tech? no

My answer... "no".

no

1. Don't invest in duplexes or fourplexes that are in rental neighborhoods (most are).

2. Do not allow dogs in fourplexes

3. Do not allow any aggressive breed dogs (allowing them on your property will automatically VOID your property insurance).

My suggestion: Sell what you have and start over.

The property attracts the tenant.  So, only invest in high-quality property with which you can attract high-quality tenants with high incomes, high credit (non-criminals).  Don't invest in the ghetto if you want an easier time managing your rentals.

no 

Don't do it. You'll regret it.

With over 20 years of experience investing in 5 states and 8 cities, I'm proficient at understanding real estate market cycles.

If you are not, your chances of making money by trading a negative cash flow stream for some pie in the sky appreciation is a HUGE RISK!

How will you tap that equity growth, even if you get it?  You'll need to cash out refi, but this property is making it even more difficult to do so.

A bad decision all around.

 I would never invest solely for appreciation.  It's too much out of your control.  I can predict cash flow @ 99.999% rate.  No one can predict equity growth accurately, but if you're proficient at understanding real estate market cycles you can probably do okay, but this isn't for beginners that don't already have capital and steady cash flow.

If you're doing your job properly, there is no "competition".

Constantly consider additional ways to be of service to your paying customers and charge them for it.  Make sure that they consider the value you offer more valuable than the amount you are charging them.  If you run your business this way, you will rarely have vacancy and always have paying customers. 

Those markets are higher cash flow, but LOW equity growth markets and you'll generally attract a low tenant quality, which will be management hassles.  

Again, what is your specific investment goal?  

Cash flow important? Equity growth important? How much money do you want to generate per year?

What is your current profession?

What skills do you have that you can you offer in real estate investing?

Can you build things yourself?

How much free time do you have for growing your RE business?

WHY are you investing in real estate?

BEFORE you buy any investments, I highly suggest you read the top 6 books on this book list:

How much capital do you have to invest? 

What specifically are your investment goals?

Before you decide a market, strategy or anything, decide on your investment goal.

EVERY activity you do as an investor should further your specific investment.  Otherwise, you are wasting your time, chasing your tale, trying to copy others who have different skills and goals than you do.