All Forum Posts by: Junior Soares

@Maria D.

That could buy you a nice cash flowing 4plex in the Austin area that could produce 7% cash on cash and be 75% paid off or got can go big in the Midwest. I'm a fellow BayArea native and I invest here, in Austin since I'll be relocating there end of year and pretty heavy in Ohio and Michigan for cash flow.

@Arthur P.

I couldn't agree with you more! You're absolutely right. There is such a wide range of options for everyone in this game! 100%

@Russell Brazil

I agree with Russell

Investing in Real Estate is a long term play and utilizing leverage at these historically low rates are prime reasons why myself and other investors continue to purchase in this market. As the great Warren Buffet says, it's not about timing the market but time in the market. Works the same with real estate and leveraging your money. And same as stocks, when the economy isnt doing well then buy more real estate than you could at higher prices. This way, you're never Missing out and you never get out of the game. I have properties generating 15% COC return from earlier purchases a little after 2010 and have some producing 4-7% with recent acquisitions last year. In the end, when your tenants paid down the remaining 75% of your loan and you now collect that cash, it's all worth it on top of a nice net value of the property.

@Jason Foy

I personally carry landlord policies on every property with liability coverage. I also have a large umbrella policy over my families head in the event that we ever need it. (Cheap, tax write off, peace of mind). I also have all of my vehicles in their own LLC etc. Cheap insurance and makes me look broke on paper.

@Odayne Daley

If you need tenants to show income to get loan approvals then yes. If you can buy vacant I've found that's always been the best route for me. That way you can bring the units up to snuff and then you can choose whomever you please to occupy your units.

My $.02

@Michael Ealy

Good morning Michael,

This is certainly my goal. I'm just marinating a bit on my current smaller properties so I can make a smart 1031 exchange in the next 5 years into a larger 20+ unit in San Antonio.

Our current situation:

Currently live in the Bay Area and will be relocating my family to Austin, TX. (Home already purchased in January)

Our property here in the Bay Area has been serving as a rental and we've been living with my wife's parents as we save money to invest in some more deals before we move. We currently have just north of $300k in equity in our Bay Area Home alone.

The goal:

In the next 5 years sell the Bay Area home and 1031 Into a 20+ unit in San Antonio. These next 5 years will be spent analyzing what areas of SA I'd like to invest in since it will be 40 minutes south from my home.

We also have a quad in Austin that we acquired this year that I plan to condolise in the next 5-7 years and sell off each unit as our neighbor did across the street in North Austin, I too plan to 1031 this deal into a second large multi family property and then grow from there.

Also have a few properties in the midwest that I'm having the tenants pay down that will eventually turn into sales and 1031 conversions into other deals.

Thoughts on my 5 year plan? Good plan? Bad plan?

We currently have plenty of reserves for our properties (6 months total for all combined properties for full total income) with a separate cash reserve to aquire a deal once the right one presents itself

Best,

Junior

Good afternoon BP!

I'm looking for someone that can bundle all of our properties across the US to see if I can get better rates. All of my properties are located in CA, TX, OH and MI.

If you know anyone that can help me, please refer them below and I will contact. 

Thank you kindly

Junior

@Josh Twaddle

We can chat anytime brother text call whatever. We got super lucky with out 4plex in North Austin as I found the deal here on BP, our primary house is in Cedar Park on Butter Cup creek. The Duplex I'm offering is a little south.

And yes sir I speak Portuguese! I'm half Portuguese and half italian but I speak it almost fluently along with spanish of course

@Srinivas Mudireddy

The one I'm picking up is right at 1%. Off market

@Josh Twaddle

Welcome to the forum Josh! We are moving to Austin end of 2020 but we currently have 5 units in ATX with an offer on a duplex awaiting to hear from owner. Would love to connect with you when we finalize the move

Junior