All Forum Posts by: Joshua Janus

I would definitely consider a BRRRR house hack with that 4 plex. Those numbers seem to work well from what you gave us, and that there is plenty of opportunity there. Is that 4plex in a similar (C-/D+) neighborhood? Rents seem high for a neighborhood classification like that but definitely differs by the area.

Is that a normal occupancy rate for that area? Is it overpriced? It seems to be priced out of the market for that rate and could be improved upon whether through a price change, better marketing, improvements to the facility etc. You would need to provide more details on the deal for someone to give you a detailed answer. 

I would it can be done, and that it is crucial to develop your Core Four. 
https://www.biggerpockets.com/...
Have you found a reliable, consistent and skilled Deal finder, Property Manager, Contractor and Lender? I'd spend a lot of time finding these people to facilitate your investment experience in a smoother manner. 

Hey @Christophe D. how do the rent rates that you are charging compare to the median income change over the years for the area? If your renting to the top and it is slowly getting peeled away, well that will be a problem. Doesn't seem like your in this situation but if you are worried, find more statistics on the household income of those that are leaving or coming into the city.

How are you getting your lists? Do you have a good script down? Match the energy of the person you called. 

Mojosells

Hey @Tristian Cox have you checked out Cincinnati or Cleveland, Ohio? They both will have multi families around 100k. 

I think you should start with a house hack! Once you have gained some experience and comfort, venturing out of state into Cleveland sounds like a great idea. 

@Nathan Simons Renting out your primary residence might be a good move, but I would make sure that the cash flow on it is better than the opportunities that are around you. If you can use that capital to buy a multi family and net more on appreciation and cash flow, that will probably be the more favorable route. I would seek professional advice on your question regarding the capital tax avoidance. Even if your area isn't the best for cash flow, you can look out of state for better markets and try that route as well. 

I like your plan @Kyle S. What do you think the cash flow looks like if you can get a duplex in that price range? Are you or someone your working with finding off market deals? Might have to use that route depending on the difficulty, price range, market demand etc.