All Forum Posts by: Joseph Bui

Quote from @Grayson Chao:

Quote from @Joseph Bui:

Hi Grayson, I have a property in the Lynnwood area that I was living in, but moved recently. I'm very familiar with the Seattle area as well. If you want, I would be happy to break down the math for you to see what makes sense in terms of sell or rent.

 I'd appreciate that very much, thank you! 

 Send me a DM with your full number (purchase price, estimated sale price, current mortgage payment, hoa(?), estimated rent, etc, etc, etc and I'll try to break it down for you.

Quote from @Karolina Powell:

What will property taxes be when you purchase it at the new sale price? 

 This is a good point. In most markets, there is a cap on tax rise when you own the property, but once it sells, it goes uncapped and you will owe the full tax on the current assessed value.

I don't know Philly market. However, I'm based in the Seattle area and have 9 doors in midwest markets Detroit and Memphis. I have both multi family and single family and scaled with a combination of BRRRRs and Turnkey. Happy to connect and knowledge if you are interested.

Hi Grayson, I have a property in the Lynnwood area that I was living in, but moved recently. I'm very familiar with the Seattle area as well. If you want, I would be happy to break down the math for you to see what makes sense in terms of sell or rent.

With 100k, I would heavily on investing in midwest markets. Prices are lower, many markets are cash flow positive, and the appreciation has been strong. I've built a 9 door portfolio there and I'm happy with my investments. Happy to connect and share details or help answer any questions.

Hi Zakary, I'm not too familiar with the Tampa area, but I do have multi family properties in Detroit and happy to share my experience there and in Memphis. Would be happy to connect and help answer any questions.

Hi Antonio. I'm based out of the Seattle area but I've built a 10 door portfolio mostly across Memphis and Detroit using a combination of turnkey, BRRRRs and everything in between. If you are looking in TN, Memphis is a great place to start, but I would highly recommend Detroit as well. Would love to to connect and knowledge share if you are interested.

Hi Felicia, its going to vary greatly depending on the market you are planning to invest in. I'm based out of the Seattle area, but prices are so high, there is no way I can cash flow or even come close to breaking even. Its likely that I would be out 1-2k a month at current prices and interest rates. Instead, I've been investing in midwest markets and have built a 9 property portfolio across Memphis and Detroit using in turnkey, BRRRRs and everything in between. Happy to connect and knowledge share if you are interested.

Hi Eric, happy to connect and help answer questions based on my experience. I'm a "newer" investor as well but have scaled my portfolio to 10 doors across mostly Detroit and Memphis. I've used a combination of Turnkey to BRRRRs and everything in between. Let me know if you have any questions.

Quote from @Deal H.:

Thanks everyone for insight. I understand that BRRRR would provide more cash flow, but from what I've read this method also requires more time and investment. I have a full time W2 job that takes up much of my time, so I'm leaning toward Turnkey until I gain some experience. Has anyone used the company Roofstock to acquire properties?

Roofstock is nothing more than a layer on top of the MLS that provides more information for investors. They don't really "help" in any meaningful way. I've been doing BRRRRs in Detroit and Memphis and I'm happy to share resources.