All Forum Posts by: Justin Whitfield

Hello,

I'm an out of state investor investing in multifamily properties in Cleveland OH and I just closed on my first property (duplex) and I'm currently looking for a property management company. Anyone have any suggestions for a good reputable property management company in Cleveland?

Thanks in advance!

Justin

Thank you everyone for the replies. I appreciate and will reference each one of these. You guys are great!

Thank you everyone for the replies. All of your comments are very helpful. I can understand how FIRE has become a little pie in the sky due to certain things. I guess my real goal is to retire from the insurance business and become a full time RE investor. I know it's tough right now but hopefully things will become easier in the future.

Forgetting FIRE, what asset would you guys go after if cash flow is your main objective here. I'm asking b/c I'm really burnt out on insurance and I would love to fully retire from insurance in 5 years at age 55 and RE cash flow is the only way I see this happening by then. What do you guys think? Is this more pie in the sky?

 Ok thanks again Bob!

Thank you for the info Bob. I'll look in to this. Any other ideas or input would be greatly appreciated here!

Hello everyone,

I'm relatively new to real estate investing and I'm looking for some advice from you experienced investors please. My personal goal is to generate as much cash flow as possible so I can reach FIRE status as soon as possible and then just invest in RE full time. I have $500k in cash to invest as well as a credit score between 750-800. I also currently have 2 rental properties (1/2 of a duplex and 1 SFH) I currently have about $400k in equity in the 2 properties and they generate $2k/mo net income (before repairs)

How would you invest this $500k if you had a similar goal as me to reach FIRE status asap? Would you buy many SFH's or would you by a few 2-4 unit MFH's or would you go for the big one and use all $500k as a down payment towards the biggest MFH you could find that you qualified for? Also, how would you use the $400k in equity that I already have in my other 2 rental properties? Any help is greatly appreciated and thanks in advance!

Justin

@Kevin Collins - Thank you for sharing your experience so far with REI Nation. I'm looking to invest in turnkey properties out of state as well. I was wondering if you could share the average price of the homes that they offer as investment properties? I know I would be paying a little higher price for the convenience and (truly passive) investments.

Valuable input from everyone here. Thank you much.

Big thanks for all of your responses to my post. It looks like there is much work to be done before ever even making an offer on a property. I was thinking of trying to start off here in my back yard. I'm in Las Vegas currently and it's a very active market for SFH and I would assume it's the same for multi-family. Question, do you think it may be a better idea to go the Syndication route at first or do you think it is better to just dive right in and look to purchase my own property? It seems that if you get with the right group the Syndication can really be a passive hands off/no hard work way to get started? Any input is greatly appreciated!

Hello everyone,

I'm looking to invest in my first multi-family property and I am looking for some advice.  I have the resources and my credit is good so I'm ready to go I just don't really know the best way to get started.  What advice would you give a investor looking to make my first multi-family investment?  What are the best listing websites that we have access to as investors?  What are your thoughts on investing in multi-family units out of state?  Any advice is greatly appreciated.  Thanks in advance!