All Forum Posts by: Jr Trotta

Good evening BP!

I am 29 years old and I have 200k to invest. I’m looking to buy a property that can pay for my mortgage ($2400) per month in cash flow. I’ve read on a few pages and see that people mention syndicate deals. Can someone elaborate on syndicate deals and if that would benefit someone like me?

@Brandon Sturgill thanks for the insight but do you have any names of banks you have used to meet my requirements?

Does anyone know of any Banks in Ohio (Akron) area who provides 70-80% LTV for a refinance property??? please help!

@Joe Villeneuve I did forget to add that I currently

Utilize business lines of credit for my BRRRR investments, I currently have 9 units. But those tend to be a bit slower then the normal investment of paying in cash.

So essentially it would be BRRRR investments with credit, still have my 401k/ROTH IRA and investment fund. This would be freed up cash for easy cash flow.

If you had 200k to invest what would you do with it?

Would you purchase 2 to 3 cash flowing properties that could bring $2000-2200 per month (no mortgage) or would you keep the money in an investment fund to maybe gather 7-10% annually?

The reason I ask is because I have 350k in my investment fund and I am buying a home. My mortgage is $3500 per month and living expenses are $5500 per month. I have a basement rental that will rent for $1000 per month no issues. I’m looking to live mortgage free and take the money from my pay check and put it straight back to my savings. If I could bring in $2000 per month off rentals and another $1000 from my home basement then my mortgage would be $500 per month.

Good or bad idea?

@Zac Ballin thank you

@Aram Kenneth Honore thank you!

Good evening BP!

I Currently BRRRR in PA & have 10 rental units, majority section 8 rentals. I'm in RE for the cash flow as I want to replace my salary with cash flow income, monthly. I currently completed a personal milestone of mine over the last 3 years I tried my hardest to save 50k per year. fast forward I now have 150k liquid for real estate investments. Please note I currently have a 401k/IRA that I max annually along with an investment fund thatI save 4k per month toward as well.

my Big question is, would you take the 150k and reinvest into the investment fund? OR would you use the 150k to invest into a large multi family? OR would you use the 150k to purchase 4 or 5 debt free section 8 homes in the area of PA I am currently in???

this is how i see it...

1 - Investment fund will gain 7-10% over 30 years but I want the cash flow now.

2 - Buying a bigger building is like an investment fund with a bit more management but tangible. 

3 - The free and clear section 8 properties will be paid off & only worth 30/40k per property will little appreciation but will bring me $700-800 cash flow per door free and clear. 

I am really seeking some good help here. thank you all!

@Rocco Sen I am in Harrisburg 

@Katie Sorensen please PM me