All Forum Posts by: Josiah Hrusch

@Rod Hanks- the thing is that I wanted it to cash flow and the market rents are around 700$ let side but each side was renting 1000. Which meets the requirements for cash flowing. What concerns me is the neighborhood.

@Joe Villeneuve I currently have 100k for investing in REALESTATE. Hmmm sounds like I should I should back up and eat the loss and buy in a better neighborhood.

@Matt Ziegler, hello matt thanks for answering and posting. I am a new REALESTATE investor and my goal is to acquire as many cash flowing properties as I can so I can become Financially free. I am going to be local but I am a traveling RN and wanted to set up base so I took a 3 month contract in Columbus so I could get this property and set up property management and systems so I can receive passive income. I’ve been looking up the expenses and stuff and actually did a drive by. My realtor said it was a C+ neighborhood. But I talked to some of the neighbors and they said it was a pretty bad area , with gunshots every night and drug houses on the other side of the street. I also saw that there was broken window on one side that want on the report. The foundation needs some help as well and some other cap expenditures . I just sold my first flip and have cash now but really want to get into rentals. I would love to start going to REALESTATE Group meet ups as well to learn more. 

Deal for 210k, 25% down, duplex, 1 side rented out for 1000. The other side is vacant. Has plumbing issues, and foundation issues. Neighborhood is bad. Drug dealer across the street, a lot of shooting in a street behind it is located in Columbus Ohio. I have it under contract should I back out and keep looking for a better deal ? Or plow through and suck it up and buy it I’ve put down 1500$ earnest money down and would lose it if I backed out,It is my first investment property.

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*This link comes directly from our calculators, based on information input by the member who posted.

@Landon Bleau yes sir I meant to say 100k thanks for the feed back !

• A standard for buying

• 20% below market value
• 10% forced appreciation
• 3% appreciation after 1st year
• Cashflow 300$ per door
• 10% ROI
• 1-2% rule- 100000k house must rent out at least 1-2%

Are these numbers to unrealistic?

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*This link comes directly from our calculators, based on information input by the member who posted.

Hello, my name is Josiah Hrusch and I am a traveling nurse. I have 1 property in Ohio that is my residential. But I do want to sell and then invest in multi-families. I have heard FL, Arizona, Texas, are all growing but know that there are some pros and cons to each. My plan is to pick up a contract in one of these states and really start forming connections and building my team. 8 months ago I discovered this wonderful website and my partner and I have been reading, listening, and saving. We have formed a plan and have been going over the Idea of Sarasota FL. If any one has any leads to attorneys, Real Estate groups, CPAs, or contractors, would be appreciated.  I am currently in San Fran  CA on a COVID contract  and it ends in June.  PS do not get the J&J shot. Have a grand day!

Hello, my Business partner and I are thinking about investing down in Pensacola FL. Does any one have any recommendations  for a Real Estate, Attorney, CPA, property management?  Any leads would be greatly appreciated.