All Forum Posts by: Junior Soares

@Trevor Jacobs You will always have headaches in this business. At the end of the day it's just that.... A Business, nothing more, nothing less. More money, more problems! But it's better to have money problems than broke problems! Either way you will always have problems Haha! For me personally, you will likely find a better deal hunting for a property yourself or with an investor friendly agent. Most turn key companies will sell you something real nice but likely for exactly what its worth if not a little more since it comes to you wrapped in a package. Best of luck

@Aaron Arnold I dont think there is such thing as too many! It's all dependent on the amount of risk you want to take. I own both SFR and MFH and while both have their pros and cons I feel its important to invest in both and become knowledgable in both areas. I haven't worked my way up to a larger then 4 unit yet as I'm still taking advantage of being able to do conventional financing for 30 years on 4 plexes. Working on getting 1 more 4plex this year and the rest will be SFR until I'm ready to make the jump to commercial lending. Whatever your number, just make sure to play the game smartly and keep 3-6 months expenses (I prefer 6-12 months) for each individual home so that you can sleep well at night in the event that something happens.

@Robert Tinker San Marco's has a nice rent pool with TSU right there in town. Austin is hot right now so deals are a little overpriced if you're a cashflow investor. I feel Austin is an equity play moving forward.

@James Wise Damn, this is what happens when you do bad business, it will eventually catch up to you! This is why I we OOS investors do our own due diligence. I fly to my markets and personally walk all of my properties before I buy or my agents do video chats with me like you and your team do James. Morris Invest legacy has just ended

@Kristina Lugo Probably a good idea that this one is a no-go now for you in my opinion. D class rentals are great returns but with great returns like these come great headaches! High turnover, crime, etc etc. B and C properties are safer, you can still generate great COC returns without all of the headache and you can spend all of the extra time finding more! I typically also stay away from A class rentals because you deal with A class problems. (I.E toilet seat cover is loose, can you come tighten it!) Lol Best of luck

@Bryan Beal Plenty of 1% deals out there in great markets! all of my properties are at least 1%, however I have a few under that in the coast but that's an appreciation play for me. If you want cash flow, deals are out there especially right now I've been finding alot of distressed sellers in the midwest Cheers

@Nadir M. No worries at all, the quicker it crashes the quicker we make money! Money is made when there is blood in the streets

@Nazakat Hossain I'm in the midst of relocating to Austin as we just closed on our home there and I'm finding out the same for rentals. I found that there are a few areas in Austin, Cedar Park, Round Rock that will cashflow positive but maybe a 6% if that after all expenses. What I'm learning from that market Is you need to go Multi-Family to get anywhere near a 9-10 Cap. Or a little further out. San Marcos might be a decent area with the university right there for a multi family

@John Matthew Johnston With 100k, I'd open either a Subway Franchise or buy another FedEx Route. That's a good amount to buy a good business once you have high income then you can jump into better A B class rentals. My buddy owns a subway and it does well! Despite all of the competition and Jateds legal issues, people still love their sandwhich! I own a FedEx route and it does great, your biggest struggle would he retaining drivers and finding people with squeaky clean records and pass drug tests which is a little tough since we are a pot friendly state haha. Best of luck!

@Jeremy Segermeister We are not a good place for cash flow, unfortunately. Those who purchased in the Bay in the 90s are the ones who are cash flowing. For our generation we need to take our money to the midwest as those are great cash flowing markets. The west/east coast are appreciation plays but need big money tied up for a long time. I'm sure you can generate amazing returns with 200k cash out of state instead of thing it up on a negative cashflow property just to bank on future growth. I have a rental in Brentwood, CA which is negative $150/m cashflow. This is ok for me because it's one of my appreciation plays which I've gained quite A bit of equity in the 3 years I've owned it. I knew coming into this one that it would put me in red, but during tax time it pretty much washes with write offs. I then have smaller multi family and SFR's In the Midwest which were a fraction of the cost but generating me consistent 10% COC returns after all possible expenses. These properties will likely never go up in value but that's fine because I'm not in these markets for that. I'm in it for the cash flow to save and buy More.